Future Market Insights (FMI) reports that the global packaging testing market is projected to grow from USD 16,099.87 million in 2023 to USD 52,748.03 million by 2033, at an impressive CAGR of 12.6%. The market is expected to achieve a year-on-year growth rate of 13% in 2023, driven by new standards and regulations that boost the sale of packaging testing equipment.
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Key Growth Drivers
- Transition in Packaging for Consumable Products: Over the past few decades, packaging for consumable products has transitioned significantly, focusing on improving shelf life and reducing damage costs. This shift has heightened the need for efficient packaging testing for materials like glass, plastic, paper, and metal.
- Increasing Online Retailing: The rise in online retailing of food and other goods necessitates robust packaging testing to ensure safe transportation. Packaging drop testing, which includes free fall drop tests and inclined impact drop tests, is critical for maintaining product safety during complex distribution processes.
- Growth in the Pharmaceutical Industry: The pharmaceutical industry’s expansion requires stringent packaging and testing measures to comply with regulations, fueling market growth. Packaging compliance testing ensures adherence to standards for hazardous items, pharmaceuticals, and food safety.
- Technological Advancements: Advancements in technology are leading to the development of innovative packaging testing solutions. Companies like Smithers are offering comprehensive package transit testing solutions to minimize shipment damage and meet sustainability requirements.
Impact of E-commerce on Packaging Testing
- E-commerce Growth: E-commerce companies and online retailers are increasingly focusing on limiting product damage and reinforcing packaging strength. This trend is driving demand for packaging design testing, which ensures that packaging is fit for harsh shipping environments.
- Sustainable Packaging Solutions: The packaging design testing market is thriving due to the growing demand for innovative and environmentally friendly packaging solutions. Companies are developing food and beverage packaging testing solutions to reduce shipment damage and ensure proper packaging for non-perishable foods.
- Cost and Material Efficiency: Packaging testing helps reduce packaging costs and the amount of material required, promoting cost-efficiency and sustainability in packaging processes.
Regional Insights
United States Market Growth: The United States is expected to dominate the global market, with a projected size of USD 3,414 million in 2023. Several factors contribute to this growth:
- Regulatory Policies: Strict regulatory policies by the United States Food and Drug Administration drive demand for packaging testing.
- Pharmaceutical Spending: High consumer spending on pharmaceutical drugs and medicines boosts market growth.
- E-commerce Boom: The booming e-commerce industry increases demand for suitable packaging materials, driving growth in the packaging testing sector.
Germany’s Demand for Packaging Testing Solutions: Germany is experiencing a significant rise in demand for packaging testing solutions, driven by:
- Consumer Preferences: Growing preference for long-shelf-life products and awareness of the effects of contaminants on food quality.
- Healthcare Spending: Increased healthcare expenditure boosts demand for healthcare packaging testing.
- Technological Adoption: Investment in advanced packaging methods and technology adoption in the healthcare sector support market expansion.
Key Players
- SGS SA
- Intertek Group Plc
- Bureau Veritas SA
- Eurofins Scientific SE
- ALS Limited
- TUV SUD AG
- Mérieux NutriSciences Corporation,
- Microbac Laboratories Inc.
- National Technical Systems Inc.
- EMSL Analytical Inc
- Institut fur Produktqualität GmbH
- Campden BRI
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Key segments
By Testing Type:
- Physical
- Chemical
- Microbiological
By Material Type:
- Plastic
- Paper and Paperboard
- Glass
- Wood and Others
By Packaging Application:
- Food and Beverages
- Healthcare
- Pharmaceuticals
- Medical Devices
- Chemical and Fertilizers
- Personal Care and Cosmetics
- Electrical and Electronics
- Automotive
- Industrial
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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