Packaging Testing Market: Current Analysis and Forecast (2022-2028)
Emphasis on Application Type (food & beverage, agrochemicals, pharmaceuticals, personal care, automobile, environmental and other consumer goods); Testing Type (physical, chemical, microbiological); Material Type (plastic, metal, paper and paperboard and glass); and Region/Country
The packaging testing market size is expected to grow at a significant rate of around CAGR of 12% from 2022 to 2028. The market for packaging testing is primarily driven by factors including growing consumer awareness of and desire for sustainable packaging, expanding retail with rising packaged product demand, strict regulatory environments, and the advent of innovative technologies. Additionally, the need for products to have a longer shelf life promotes market expansion for package testing market during the forecast period. For instance, according to a World Health Organization (WHO) report, 420,000 people worldwide pass away every year because of eating tainted and adulterated food. This will grow emphasis on food safety, the demand for packing testing will skyrocket through 2028.
Some of the major players operating in the market include SGS Société Générale de Surveillance SA; Intertek Group plc; Bureau Veritas; Eurofins Scientific; ALS; TÜV SÜD; Mérieux NutriSciences Corporation; Microbac Laboratories, Inc.; EMSL Analytical Inc.; and Campden BRI.
Insights Presented in the Report
“Amongst application type, pharmaceuticals hold a significant share in the market in 2020”
Based on application type, the market is segmented into food & beverage, agrochemicals, pharmaceuticals, personal care, automobile, environmental, and other consumer goods. The pharmaceutical segment is anticipated to hold a dominant share in the market in 2020 due to consumer awareness of packaging issues and the increase in packaging and labeling mandates by various regulatory authorities. For instance, Inpac Medizintechnik GmbH, a German provider of packing, cleaning, and sterilizing services for the biotech, medical device, and pharmaceutical industries, was acquired by Eurofins Medical Device Testing in March 2022. With the addition of packing, cleaning, shipping, and sterilization, the acquisition is anticipated to enhance Euro Fins’ current lab network capabilities.
“Amongst testing type, microbiological testing segment to witness highest CAGR during the forecast period”
Based on testing type, the market is segmented into physical, chemical, microbiological. Microbiological testing is widely used in the pharmaceutical industry to detect the presence of microbial pathogens and organisms in a variety of critical packaged products. This will help microbiological testing to dominate the global microbiological packaging testing market during the forecast period. Government mandated microbial packaging testing to guarantee the high quality of pharmaceutical packaging. End users use secure package inspection equipment to provide consumers with products of superior quality and robust packaging. These factors will boost the market growth of the microbiological testing segment in the future.
“Amongst material type, paper and paperboard category to witness highest CAGR during the forecast period”
Based on material type, the market is segmented into plastic, metal, paper and paperboard and glass. The paper and paperboard segment is projected to grow at high CAGR from 2022 to 2028. The market for paper packaging testing is growing with an increase in the use of paper and paperboard due to their easy and abundant availability, low cost, and environment-friendly nature. Companies are launching new products, which is having a positive impact on segmental growth. For instance, in July 2022, India-based company PACORR testing instruments launched a massively updated testing machine that is the box compression tester. This testing machine will help manufacturers in the paper and packaging industries evaluate the quality of packaging or corrugated boxes.
“Asia-Pacific to be fastest growing in the packaging testing market”
Asia-Pacific is expected to grow at a higher CAGR during the forecast period due to an increase in the demand for packaging testing from the food & beverage industry. Several other factors such as favorable government policies, increasing testing in various industries, and rapid urbanization in the region is also driving the growth during the forecast period. Companies are adopting inorganic strategies to maintain a strategic edge in the market. For instance, Intertek, announced the expansion of its 5G assurance, testing, and certification services for East Asian clients.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global packaging testing market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Packaging Testing Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global packaging testing market were the three major steps undertaken to create and analyze the adoption of packaging testing market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global packaging testing market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the packaging testing market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the packaging testing market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as application type, testing type, and material type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the packaging testing market. Further, we conducted factor analysis using dependent and independent variables such as application type, testing type, and material type of packaging testing market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Packaging testing market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global packaging testing market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the packaging testing market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global packaging testing market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global packaging testing market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of application type, testing type, and material type in the global packaging testing market.
The main objective of the global packaging testing market study
The current & future market trends of the global packaging testing market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the packaging testing market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas application type, testing type, and material type.
- Define and analysis of the regulatory framework for the packaging testing
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the packaging testing market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the packaging testing market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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