According to a new report published by UnivDatos Markets Insights, the Packaging Testing Market size is expected to grow at a significant rate of around CAGR of 12% from 2022 to 2028. The analysis has been segmented into Application type, Testing type, Material type; Region/Country.

The packaging testing market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the packaging testing market. The packaging testing market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Packaging testing market at the global and regional levels.

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Market Overview

The market for packaging testing is primarily driven by factors including growing consumer awareness of and desire for sustainable packaging, expanding retail with rising packaged product demand, strict regulatory environments, and the advent of innovative technologies. Additionally, the need for products to have a longer shelf life promotes market expansion for package testing market during the forecast period. For instance, according to a World Health Organization (WHO) report, 420,000 people worldwide pass away every year because of eating tainted and adulterated food. This will grow emphasis on food safety, the demand for packing testing will skyrocket through 2028.

Some of the major players operating in the market include SGS Société Générale de Surveillance SA; Intertek Group plc; Bureau Veritas; Eurofins Scientific; ALS; TÜV SÜD; Mérieux NutriSciences Corporation; Microbac Laboratories, Inc.; EMSL Analytical Inc.; Campden BRI.

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COVID-19 Impact

The COVID-19 epidemic slowed down worldwide economic expansion and disrupted the supply chains in all industries. Manufacturing facilities were shut down because of lockdown and other stringent rules. Since manufacturing and packaging are closely related, the sector's revenue fell significantly in 2021.

Since the start of the pandemic, there have been little to no problems with packaging tests. This is a result of the recent quarters' increased demand for durable packaging solutions due to the strong demand for pharmaceutical, medical device, and healthcare items. The increased demand for packaged foods with extended shelf lives during the pandemic had a beneficial effect on the need for packaging solutions. In the next years, an increase in the demand for package testing can be anticipated due to the opening of manufacturing facilities and the resumption of industrial production to pre-covid levels.

·        Based on application type, the market is segmented into food & beverage, agrochemicals, pharmaceuticals, personal care, automobile, environmental, and other consumer goods. The pharmaceutical segment is anticipated to hold a dominant share in the market in 2020 due to consumer awareness of packaging issues and the increase in packaging and labeling mandates by various regulatory authorities. For instance, Inpac Medizintechnik GmbH, a German provider of packing, cleaning, and sterilizing services for the biotech, medical device, and pharmaceutical industries, was purchased by Eurofins Medical Device Testing in March 2022. With the addition of packing, cleaning, shipping, and sterilization, the acquisition is anticipated to enhance Euro Fins' current lab network capabilities.

·        Based on testing type, the market is segmented into physical, chemical, microbiological. The physical segment dominated the market with the largest share in 2020 since the determination of physical properties of a product is an essential application for packaging testing. Physical testing assures the reliability, quality, and performance of packaging products. It is also helpful in improving the efficiency of product performance, which will result in cost savings.

·        Based on material type, the market is segmented into plastic, metal, paper and paperboard and glass. The paper and paperboard segment is projected to grow at the highest CAGR from 2022 to 2028. The market for paper packaging testing is growing with an increase in the use of paper and paperboard due to their easy and abundant availability, low cost, and environment-friendly nature. Companies are launching new products. For instance, On July 2022, The India-based company PACORR testing instruments has launched a massively updated testing machine that is the box compression tester. This testing machine will help manufacturers in the paper and packaging industries evaluate the quality of packaging or corrugated boxes.

·        Asia-Pacific is expected to grow at the higher CAGR during the forecast period due to an increase in the demand for packaging testing from the food & beverage industry. Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2028, due to the favorable government policies, the increasing testing in various industries, and rapid urbanization in the region. For instance, Intertek, is pleased to announce the expansion of its 5G assurance, testing, and certification services for East Asian clients.

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Packaging Testing Market Geographical Segmentation Includes:

·        North America (United States, Canada, and Rest of North America)

·        Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

·        Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

·        Rest of the World

The major players targeting the market include

·        SGS Société Générale de Surveillance SA

·        Intertek Group plc

·        Bureau Veritas

·        Eurofins Scientific

·        ALS

·        TÜV SÜD

·        Mérieux NutriSciences Corporation

·        Microbac Laboratories, Inc.

·        EMSL Analytical Inc.

·        Campden BRI

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the packaging testing market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the packaging testing market?

• Which factors are influencing the packaging testing market over the forecast period?

• What are the global challenges, threats, and risks in the packaging testing market?

• Which factors are propelling and restraining the packaging testing market?

• What are the demanding global regions of the packaging testing market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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