Packaging Testing Market Competitive Dynamics & Global Outlook 2024

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Packaging Testing Market Report, By Type,
Technology, End User and Geography- Global
Market Share, Trend Analysis and Forecast up to
2024
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The global packaging testing market is estimated
to be growing at a CAGR 11 to 12 from 2019 to
2024. Description The packaging industry is
continuously indulging with the same becoming
more than just a protective outer layer.
Packaging serves the most crucial need of the
product by protecting it, which in turn acts as
a prospect for the packaging manufacturer to
design such a package that could easily attract
the consumer attention towards their product.
Packaging is also being altered to suit the needs
of the fast food consumer who are rapidly
replacing traditional meals with packaged
foodstuff. This has led to an increase in the
need for testing the package of products in
order to ensure the long shelf life and
reduction in any sort of costs involved right
from packaging till it is being delivered to the
end customer. Packaging plays a significant part
in the assurance of the quality and integrity of
the product inside. It not only affects the
product but also manifests itself in the end
product in which the product is used. Governments
across the world are implementing rigorous
guidelines to ensure quality of the products.
Testing is an integral part of these guidelines
which makes it one of the core drivers in this
market.
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The growth of the global packaging testing market
is largely driven by factors such as increase in
demand for packaging industry, and ever-changing
lifestyles which has increased the need for ready
to eat meals and a necessitated their packages
to be tested. In addition, the rising consumer
awareness towards sustainable packaging and safe
packaging will also drive the demand for
packaging testing in the projected period.
However, non-implementation of the testing
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regulations in some developing regions and
non-compliance by packaging manufacturers have
led to be the major factor restraining the
growth of this market. However, the FDA is making
sure to implement and compulsive all the
packaging products to be tested before they are
send for packaging.
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The global packaging testing market is segmented
based on type, technology, and end-user. The
global market, based on type, is segmented into
physical, chemical, and microbiological. The
physical segment dominated the market with the
largest share in 2017 since the determination of
physical properties of a product is an essential
application for packaging testing. The global
market, based on technology, is segmented into
physical tests, spectroscopy
photometric-based, chromatography-based, and
others which include chemical test, molecular,
and isotope methods. The spectroscopy
photometric-based segment is projected to grow
at the highest CAGR of 12.0 from 2019 to
2024. The global market, based on end-use
industry, is segmented into food beverage,
agrochemicals, pharmaceuticals, personal care,
and others which include various industries such
as textile, automobile, transportation,
environmental, and other consumer goods.
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Global packaging testing market studied for key
regions such as, North America, Europe, Asia
Pacific, Latin America, and Middle East
Africa. The North American region is projected to
dominate the packaging testing market by 2024.
The Asia-Pacific region is projected to be the
fastest-growing market during the forecast
period since the demand from the food beverage
industry is projected to increase in the coming
years. Buy this report _at_ CLICK HERE Key
driving factors of the global packaging
market The packaging testing ecosystem
includes raw material suppliers, component
suppliers, packaging testing machine
manufacturers and assemblers, technology
providers, service providers, distributors and
resellers, and end users. The packaging testing
marketspace comprises major players such as SGS
S.A. (Switzerland), Bureau Veritas SA (France),
Intertek Group Plc. (U.K.), Eurofins Scientific
SE (Luxembourg), TÜV SÜD AG (Germany), and ALS
Limited (Australia). Other major players in the
market include Mérieux NutriSciences Corporation
(U.S.), National Technical Systems, Inc. (U.S.),
Microbac Laboratories, Inc. (U.S.), EMSL
Analytical Inc. (U.S.), Campden BRI (U.K.), and
Institut fur Produktqualitat GmbH (Germany).
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