(I-BusinessNews.Com, February 07, 2020 ) The packaging testing market is projected to reach USD 14.64 Billion by 2022, at a CAGR of 12.0% from 2017. This market is driven by the increasing demand for products with a longer shelf-life under various conditions. In the food industry, the primary focus is to reduce food loss, maintain the quality of the product, and increase the shelf-life of the product. It is estimated that half of the global food spoilage occurs due to unfavorable storage conditions. These unfavorable storage conditions can be managed with effective packaging means. Growing demand for packaged products contributes significantly to the growth of the packaging testing market.
The packaging testing market, based on material type, is segmented into glass, plastic, paper & paperboard, metal, and others which include wood, polystyrene, bioplastic, cloth, and other flexible packaging. The plastic segment accounted for the largest share of this market in 2016. The paper & paperboard segment is projected to grow at the highest CAGR from 2017 to 2022. The market for paper packaging testing is growing with an increase in the use of paper & paperboard due to their easy and abundant availability, lower cost, and environment-friendly nature.
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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 physical tests segment dominated the market in 2016. The spectroscopy & photometric-based segment is projected to grow at the highest CAGR from 2017 to 2022. Physical tests not only assure reliability, quality, and performance of packaging products but also help improve the efficiency of product performance, thereby resulting in cost savings.
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. The pharmaceutical segment dominated the market in 2016. The food & beverage segment is projected to grow at the highest CAGR due to an increase in food safety awareness among consumers and growth in the number of packaging and labeling mandates in various regions.
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The requirement for packaging testing has grown in the region in recent years, owing to an increase in consumer awareness in the Asia-Pacific region regarding the safety of packaging for various products, especially food, healthcare, and cosmetics. The growth in this market is fueled by the economic development in countries such as China and India. China is a potential market for packaging testing due to various factors such as the expanding population, rising disposable income levels, growing export of packaging materials, and increasing consumer demand for convenience foods.
The market is dominated by 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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