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Packaging Testing Market Outlook, Industry Growth, Future Demand 2033

Author : Niranjan Krade | Published On : 09 Apr 2024

The global packaging testing market is poised for explosive growth, with a projected valuation of US$ 52,748.03 million by 2033, according to a recent market analysis by Future Market Insights (FMI). This signifies a significant increase from US$ 16,099.87 million in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 12.6%.

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Market Surge Fueled by Stringent Regulations and E-commerce

Several key factors are driving this market expansion:

  • Stricter Regulations: The introduction of new standards and regulations for packaging safety is propelling the demand for packaging testing equipment, leading to a projected 13% CAGR in 2023.
  • Evolving Consumer Needs: Over the past few decades, packaging for consumer products has undergone a significant transformation, with a focus on extending shelf life and minimizing product damage. This necessitates efficient packaging testing across various materials like glass, plastic, paper, and metal.

Global Players Lead the Pack

The report identifies prominent players like SGS SA, Bureau Veritas SA, Eurofins Scientific SE, Intertek Group PLC, and TÜV SÜD Aktiengesellschaft holding a collective market share exceeding 10% in 2023.

Growth Drivers:

  • Expanding Global Presence: Leading market participants are extending their global reach and service offerings to capitalize on emerging opportunities in the food and beverage sector.
  • E-commerce Boom: The burgeoning online retail industry for food and other goods is driving the packaging testing market.
    • Drop Testing Takes Center Stage: As products travel through intricate distribution networks, ensuring safe transportation becomes paramount. Packaging drop testing becomes crucial in verifying the package’s ability to withstand handling and transport.
  • Pharmaceutical and Industrial Growth: The rise of the pharmaceutical industry and growing industrialization are further fueling market growth. Packaging testing ensures compliance with regulations for pharmaceutical and food products.
    • Compliance Testing Crucial: Packaging compliance testing plays a vital role, as it evaluates packaging materials’ adherence to various regulations, especially those concerning hazardous materials, pharmaceuticals, and food safety. Stringent regulations and growing concerns about product quality and safety are propelling this segment of the market.

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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