Packaging Testing Market to Grow with a CAGR of 5.27% through 2028
Growing demand
of packaging testing in agriculture industry is expected to drive the Global
Packaging Testing Market growth in the forecast period, 2024-2028
According to
TechSci Research report, “Packaging Testing Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the Global
Packaging Testing Market stood at USD15.14 billion in 2022 and is anticipated
to grow with a CAGR of 5.27% in the forecast period, 2023-2028. The initiatives
taken by government based on Packaging Testing has led to favorable market
conditions for the Global Packaging Testing Market. Several factors contribute
to the growth of various Packaging Testing products.
In response to
the growing public demand for reduced packaging waste in oceans and landfills,
governments have taken action. These actions include the implementation of new
packaging regulations aimed at minimizing waste and improving recycling
practices. For instance, the Association of Plastic Recyclers has developed a
Critical Guidance Protocol specifically for Polyethylene Film and Flexible
Packaging. This protocol serves as a test to assess the compatibility of
flexible packaging innovations with existing industrial-scale film-to-film
recycling processes.
Moreover,
government agencies such as the USDA's Food Safety and Inspection Service
(FSIS) actively support packaging testing services. These services ensure that
food contact regulatory consulting and testing not only meet but exceed the
highest standards. By delivering excellence in flexible testing laboratory
services and providing accurate test results, these agencies play a crucial
role in promoting sustainable and environmentally friendly packaging practices.
The growing
awareness about the importance of packaging and its impact on product quality,
safety, and waste reduction is driving the demand for packaging testing in the
agriculture sector. As consumers become more conscious of the environmental
impact of packaging materials, there is an increasing need for rigorous testing
to ensure that agricultural products are packaged in a sustainable and
responsible manner.
Farmers,
distributors, and retailers are increasingly relying on packaging testing to
ensure the durability of packaging materials, their ability to withstand
various environmental conditions, and their performance in preserving product
quality. By subjecting packaging materials to rigorous testing, they can
determine the optimal packaging solutions for different agricultural products,
ensuring that they reach consumers in the best possible condition.
Moreover,
packaging testing also helps in verifying compliance with various national and
international packaging standards and regulations, further driving its demand.
With the ever-evolving landscape of packaging regulations, it is crucial for
stakeholders in the agriculture sector to stay updated and ensure that their
packaging practices align with the latest requirements. By conducting
comprehensive testing, they can demonstrate compliance and build trust with
consumers who prioritize sustainable and safe packaging.
In summary, the
demand for packaging testing in the agriculture sector is fueled by the
increasing awareness of its importance in product quality, safety, waste
reduction, and environmental sustainability. Through rigorous testing and
adherence to standards, stakeholders can make informed decisions about
packaging materials and practices, ultimately benefiting both the industry and
consumers.
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The Global
Packaging Testing Market is segmented into type, technology, industry, regional
distribution, and company.
Based on its industry,
the pharmaceutical segment held the largest share in the market. This can be
attributed to the growing awareness among people about the importance of
packaging, driven by the need for product safety and information. Additionally,
there has been a significant increase in the number of packaging and labeling
mandates imposed by various regulatory authorities worldwide. These mandates
aim to ensure transparency, consumer protection, and compliance with quality
standards. As a result, businesses are increasingly recognizing the
significance of adhering to these regulations to build trust, enhance brand
reputation, and meet the evolving needs of consumers.
Based on region,
Asia Pacific segment is expected to grow during the forecast period.
The rise in
demand for packaging testing from the food and beverage industry can be
attributed to several factors. Firstly, with the increasing emphasis on food
safety and quality, rigorous testing of packaging materials has become crucial
to ensure the integrity of the products. Secondly, the industrialization and
globalization of trade have led to the need for packaging that can withstand
the challenges of transportation and storage in diverse environments. As a
result, the market for packaging testing is experiencing substantial growth, as
companies strive to meet these evolving requirements and deliver reliable and
secure packaging solutions.
Major companies
operating in Global Packaging Testing Market are:
- Intertek
Group PLC
- Eurofins
Scientific SE
- SGS
SA
- Bureau
Veritas SA
- TUV
SUD AG
- Campden
Bri Ltd.
- IFP
Institute for Product Quality GmbH
- DDL
Inc. (Integreon Global)
- Turner
Packaging Limited
- Nefab
AB
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“Growing
application of Packaging Testing in various end user industries are key drivers
of the Packaging Testing Market. Growth in competitive landscape and presence
of well-established companies in the market who are dedicated to enhance their
productivity of Packaging Testing with every passing year are anticipated to
register an impressive growth to Global Packaging Testing Market in the
forecast period.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Packaging Testing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Physical, Microbiological, Chemical), By Technology (Physical Test Methods, Chromatography-Based, Spectroscopy & Photometric-Based, Others), By Industry (Food & Beverage, Pharmaceuticals, Agrochemicals, Personal Care, Others), By Region and Competition, 2018-2028F”, has evaluated the future growth
potential of Global Packaging Testing Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Packaging Testing Market.
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