June 25, 2024

Packaging Testing Market Size to Worth USD 30.65 Bn by 2033

The global packaging testing market size is projected to surpass around US$ 30.65 billion by 2033 and is anticipated to grow at a CAGR of 9.70% from 2022 to 2032.

Packaging Testing Market Size 2024 To 2033

Key Points

  • North America held the dominant share of the market in 2023. The region is observed to witness prolific growth during the forecast period.
  • Europe is observed to expand at a rapid pace during the forecast period.
  • By type, the chemical segment accounted for the dominating share in 2023.
  • By type, the physical segment is observed to witness a significant share during the forecast period.
  • By material type, the plastic segment held the largest share of the packaging testing market in 2023.
  • By material type, the paper and paperboard segment is expected to grow at the fastest rate during the forecast period.
  • By end-user, the food & beverages segment held the dominating share of the market in 2023.
  • By end-user, the chemical and fertilizers segment is expected to grow at a notable rate.

The market volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2021 to 2033. This research report evaluates packaging testing market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global packaging testing market for the period from 2017 to 2032.

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Market Overview

This packaging testing market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume). This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Market Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Read Also: Cardiovascular Health Supplements Market Size, Trend, Report 2033

Recent Developments

  • In March 2022, Intertek acquired QIMA, a leading provider of quality, safety, and compliance solutions including packaging testing. The acquisition expands Intertek’s TIC capabilities.
  • In March 2022, Intertek launched Protek healthcare packaging testing to ensure medical packaging quality and safety. The new testing helps improve patient safety and drug efficacy. Intertek Group plc is a U.K.-based multinational assurance, inspection, product testing, and certification company headquartered in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
  • Eurofins Medical Device Testing opened a new Package Testing Lab in July 2022. The clients receive vital testing support for the packaging’s protective qualities and the longevity of their labelling from the new lab. Additionally, it is anticipated that the company’s Chemical Characterization, Sterility/Microbiology, and Biocompatibility service offerings to clients will be improved by the new Package Testing expansion at the Lancaster, PA campus.

 Packaging Testing Market Companies

  • Intertek Group PLC
  • Eurofins Scientific SE
  • SGS SA
  • Bureau Veritas SA
  • Campden BRI
  • IFP Institute for Product Quality GmbH
  • DDL Inc. (Integreon Global)
  • Turner Packaging Limited
  • Nefab Group
  • ALS Limited
  • Microbac Laboratories Inc.
  • National Technical Systems Inc.
  • EMSL Analytical Inc
  • Krones AG
  • Qualitest International Inc.
  • L.A.B. Equipment Inc.
  • Marchesini Group S.p.A.
  • Coesia S.p.A.
  • AMETEK Inc.
  • PackTest Machines Inc.

Segments Covered in the Report

By Type

  • Physical
  • Chemical
  • Microbiological

By Material Type

  • Plastic
  • Paper and Paperboard
  • Glass
  • Metal
  • Wood
  • Others

By End-user Industry

  • Food & Beverage
  • Industrial
  • Automotive
  • Healthcare
  • Chemical and Fertilizers
  • Personal Care and Cosmetic
  • Electrical and Electronics
  • Other end-user industries

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Key Points Covered in packaging testing market Study:

  • Growth of packaging testing in 2022
  • Market Estimates and Forecasts (2017-2030)
  • Brand Share and Market Share Analysis
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Recommendation on Key Winning Strategies
  • COVID-19 Impact on Demand for packaging testing and How to Navigate
  • Key Product Innovations and Regulatory Climate
  • Packaging testing Consumption Analysis
  • packaging testing Production Analysis
  • packaging testing and Management

Research Methodology

A unique research methodology has been utilized by Precedence Research to conduct comprehensive research on the growth of the global packaging testing market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Precedence Research employs comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives. Critical elements of methodology employed for all our studies include:

Preliminary data mining

Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Market dynamics with respect to drivers, restraints, pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

Statistical model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and market experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of technology landscape, regulatory frameworks, economic outlook and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the market as well as ensuring minimal errors. Some of the parameters considered for forecasting include:

  • Market drivers and restrains, along with their current and expected impact
    • Raw material scenario and supply v/s price trends
    • Regulatory scenario and expected developments
    • Current capacity and expected capacity additions up to 2030

We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.

Primary validation

This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters.

Primary interviews not only help in data validation, but also provide critical insights into the market, current business scenario and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Market Participants (KIPs) which typically include:

  • Market leading companies
    • Raw material suppliers
    • Product distributors
    • Buyers

The key objectives of primary research are as follows:

  • To validate our data in terms of accuracy and acceptability
    • To gain an insight in to the current market and future expectations

Secondary Validation

Secondary research sources referred to by analysts during the production of the global packaging testing market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of Precedence Research’s study on the packaging testing market as primary methods.

Why should you invest in this report?

If you are aiming to enter the global packaging testing market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for packaging testing are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across market verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defines, among different ventures present globally.

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