Skip to main content

A High Single-Digit CAGR Projected for Packaging Testing Services Market During 2019-2029

The imposition of new standards on packaging authentication processes has become a major driver of growth to the packaging testing services market. Increasing concerns over plastic waste from packaging materials further supports the market growth.
The global packaging testing services market is set to reach a impressive valuation of US$ 33 Bn by the end of the forecast period (2019-2029) at an exponential rate of growth, as projected by a new report of Future Market Insights (FMI). Leading market players are investing in sustainability initiatives and regulatory compliance to keep ahead of the competition.
"Highly profitable economies including China and India will offer opportunities to market providers, as the demand for different solutions in these countries is on the rise," states the FMI report.
Packaging Testing Services Market: Key Findings
  • The physical testing segment will witness high demand; driven by growing significance of tearing strength, friction, tensile strength, and compression.
  • Food and healthcare applications will generate promising opportunities to bolster the market revenue.
  • Compliance to standards by organizations such as the ASTM, ISTA, and ISO will remain key influencers in the industry.
  • South Asia and East Asia will display strong growth owing to high production and exports from China, Japan, and India.
Packaging Testing Services Market: Key Driving Factors
  • The growth of end use industries such as food, healthcare, cosmetics, and personal care is expected to boost the market.
  • Consumer awareness about sustainable packaging and the importance to regulatory compliance is fueling market growth.
  • Advances in microbiological and chemical testing capabilities for packaging testing services are driving market growth.
  • Rising numbers of product recalls owing to strict government regulations is an essential factor for global demand.
Packaging Testing Services Market - Key Restraints
  • The high cost of packaging testing equipment and services is a key restraint to market growth, which impacts newer entrants especially hard.
Competition Landscape of Packaging Testing Services Market
Some of the key players in the global packaging testing services landscape that are covered in this study include, but are not limited to, ALS Limited, SGS S.A., Bureau Veritas S.A., TÜV SÜD AG, Intertek Group Plc, and Eurofins Scientific SE. Leading manufacturers remain focused on leveraging the growth of the e-commerce industry. Manufacturers are also targeting awareness campaigns and tech developments for greater accuracy in the global packaging testing services market.
More About the Report
This Future Market Insights study of 300 pages offers actionable insights on the packaging testing services market. The market analysis is based on testing type (physical, chemical, and microbiological), material (plastic, paper & paperboard, glass, metal, and others), and end-user (food, beverages, healthcare, personal care & cosmetics, and others) across seven regions (Latin America, North America, Europe, South Asia, East Asia, Oceania, and MEA).
Explore Extensive Coverage of FMI's Packaging Landscape
Stretch Films Market- Obtain valuable insights on the global stretch films market with comprehensive segmental analysis, market statistics, key influencing factors, prominent players and critical developmental strategies adopted by them for a predefined projection period.
Machine Glazed Paper Market- FMI's report on the global machine glazed paper market offers an in-depth commentary on the market poised for prolific growth during 2019-2029. The study covers comprehensive evaluation of key impacting forces, revenue sources, and market leaders along with instrumental market strategies.
Bagging Equipment Market- Get a deep-dive analysis on the global bagging equipment market with key insights on growth levers, opportunities, restraints, retail policies, regional market forecasts and key forte of market leaders.
Press-Release Source – https://www.accesswire.com/582485/FMI-Projects-a-Value-Pool-of-US-33-Bn-for-Packaging-Testing-Services-Market-by-2029-End-Major-Players-Focus-on-Third-party-Solutions-for-SMEs
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, and
Post a Comment
Read more

Perineal Care Market : Value Chain, Stakeholder Analysis and Trends by 2032

 The perineal care market is a segment of the healthcare industry that focuses on products and services designed to maintain hygiene and manage health concerns in the perineal area. The perineal region includes the genital and anal areas, and effective perineal care is crucial for maintaining personal comfort and preventing various health issues, particularly in aging populations and individuals with limited mobility. One of the primary drivers of the perineal care market is the growing aging population worldwide. As people age, they may experience mobility issues, incontinence, and an increased risk of developing conditions like pressure ulcers. Proper perineal care is essential in preventing complications and maintaining the quality of life for elderly individuals, leading to increased demand for perineal care products and services. In addition to the elderly population, perineal care is vital in healthcare settings, particularly in hospitals and long-term care facilit
Post a Comment
Read more

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket Key Players, Industry Overview, Applications and Analysis 2031

  The   U.S. automotive and aircraft leather aftermarket  is projected to reach a valuation of   US$ 7.8 Bn   in 2021. Rising demand for high-quality, lightweight, and durable leather for automotive and aircraft interiors is expected to push sales at   3.6% CAGR,   with the market valuation reaching   US$ 11.1 Bn   in 2031. Automotive and aircraft interior genuine leather is designed to provide comfort and to improve the visual appeal of the interiors. It also leaves the vehicle with a remarkable appearance and feel. It is used widely in midrange and premium passenger vehicles and in business class aircraft. The interior of a vehicle and aircraft that adds to the aesthetic appeal, is also a major factor that influences consumer buying decision. Longer operational life and extended warranties are some factors aiding the growth of the market. Request a Sample of this Report @   https://www.futuremarketinsights.com/reports/sample/rep-gb-14237 Leather manufacturers are providing customizat
3 comments
Read more