The global packaging testing market is the process of carrying out steps like Pressure loads, shocks, vibrations, knocks, changes in humidity, or changes in temperature while shipment of a product. These processes make sure that these factors do not have a significant influence on the product that is being shipped and moreover it does not affect its eternal and internal packaging during transportation. Products from various industries are being shipped worldwide, hence they have to durable to should be able to sustain the process of transportation. A package that looks damaged leads to customer dissatisfaction and increased cost for retailers and manufacturers.
The packaging of a product plays a vital role in any brand. Packaging behaves as a primary face of the brand. The quality of the packing also determines the quality of the packaged product. Hence, in order to retain customer loyalty and improved the shelf life of products The Global packaging testing market plays a vital role.
The global packaging testing market has a high probability of getting influenced by stringent regulatory environmental norms, increasing retail industry, rising of awareness among consumers and demand for sustainable packaging, increasing demand for packed products and of course growing technological advancements.
The report on global packaging testing market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global packaging testing market is growing its area and effective sphere of influence very fast and is gaining popularity. Therefore, the global packaging testing market is expected to be valued at US $ xx billion by the year 2023, growing at a CAGR of xx % as compared to previous levels of US $ xx billion in the year 2018.
Stringent rules and regulation by government and increasing demand for packaged products especially from the FMCG industry are said to be major driving forces for the growth of the global packaging testing market. Official bodies and governments are taking stringent decisions for implementing rigorous guidelines to ensure the quality of the products. Therefore, testing of packaging of these products become essential. The global packaging testing market is also said to be driven by factors such as the requirement for a longer shelf-life of products.
Major factors that could pose as a hindrance for the global packaging testing market, are high costs for advanced technologies for packaging testing. Another reason that could retrain the growth of the global packaging testing market is the lack of standardization in regulations across various regions.
Increasing consumer awareness across regions of Asia Pacific regarding product durability and increased the shelf life of products is said to trigger the demand especially for the food & beverage industry considering the packaging factor. Other factors like rapid industrialization, globalization of trade and emerging economies of the Asian Pacific region is also expected to dominate the growth of the Global packaging testing market for the future forecasted period. China is considered as the potential market got the packaging testing market.
Some of the prominent key players in the global packaging testing market include Intertek Group Plc. (U.K.), Bureau Veritas SA (France), Eurofins Scientific SE (Luxembourg) and SGS S.A. (Switzerland).
The research procedure starts with the bifurcation of different market segments of global packaging testing market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across global packaging testing industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (30%), Europe (35%)
By designation:
Top level (40%), Operation level (30%), Mid-level (30%)
Contents of the report:
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