Reports - Packaging Testing Market
Packaging Testing Market Size, Share & Trends Analysis Report by Material Type (Glass, Paper & Paperboard, Plastic, Metal, Other Material Types) by Testing Type (Physical, Chemical, Microbiological) by End User Industry (Food & Beverage, Agrochemicals, Pharmaceuticals, Personal Care, Other End User Industries) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2017 - 2022) & Forecast (2023 - 2030)
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2035
10.60%
North America
Asia Pacific
2019 - 2023
2023 - 2035
The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.
The global Packaging Testing Market is valued at USD 14.3 Billion in 2022 and is projected to reach a value of USD 43.21 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 10.60% between 2023 and 2030.
Premium Insights
Plastic waste is a significant environmental problem. In 2019, global plastic production reached approximately 368 million metric tons, and a substantial portion of this plastic ends up in the oceans, with an estimated 8 million metric tons entering the marine environment annually, harming marine life and ecosystems. As of 2019, 50% of plastic products created were single-use, and a large portion of this was used for packaging, which contributes to a throwaway culture. Single-use plastics are a substantial contributor to plastic pollution. In addition, conventional packaging materials like plastic and metal, whose manufacture is predicted to account for 20% of the worlds oil consumption by 2050, are linked to considerable greenhouse gas emissions during their manufacturing and disposal.
As consumer demand for sustainable products and packaging is rising, with 81% of respondents in a 2018 Nielsen survey feeling strongly that companies should help improve the environment, there is a growing demand for sustainable and eco-friendly packaging solutions. Packaging Testing can help determine the sustainability of packaging materials, such as their recyclability and biodegradability. It is crucial in addressing the environmental challenges posed by plastic waste and single-use plastics.
Top Market Trends
Economic Insights
The economic insights of the Packaging Testing market are promising. The market is expected to grow steadily in the coming years, driven by the increasing need for safe and reliable packaging solutions across various industries. As businesses work to protect product integrity and safety in the face of the worldwide health crisis, the COVID-19 pandemic has further underlined the need of Packaging Testing. The market is also shifting towards eco-friendly and sustainable packaging solutions, driven by consumer preferences and government regulations on reducing plastic waste. This trend presents opportunities for Packaging Testing companies to develop new testing methods and protocols tailored explicitly for sustainable packaging materials.
Market Segmentation
Packaging Testing {{Segmentation_Ext}}
Based on Testing Type
The Physical segment holds the largest share
The physical segment in the Packaging Testing market has experienced significant growth in 2022. The increasing demand for packaging solutions across various industries has contributed to the development of the physical segment. With the rise in e-commerce and the need for safe and secure packaging to protect products during transit, there has been a greater emphasis on physical testing methods. Packaging must withstand various environmental conditions, including temperature changes, moisture, and rough handling, to ensure the integrity of the product. In addition, the growing consumer awareness about sustainability and environmental concerns has also increased the demand for physical testing in packaging. Consumers are increasingly looking for packaging solutions that are eco-friendly, recyclable, and biodegradable. This has led to increased physical testing to ensure that packaging materials meet sustainability standards and do not cause harm to the environment.
Based on Material Type
The plastic segment dominated the markets growth
The plastic segment accounted for the potential growth of the market in 2022. The development of environmentally friendly and recyclable plastic substitutes, regulatory restrictions, and technological developments in testing methods & apparatus are all associated with this. The need for plastic packaging materials is also on the rise. Additionally, there is a significant need for safe and dependable packaging solutions due to the growth of e-commerce and online retailing. Plastic packaging materials provide excellent protection and product visibility, making them a preferred choice for packaging fragile and sensitive goods during transportation. The need for testing and certification of plastic packaging materials to ensure the integrity and safety of packaged goods has, therefore, increased with the growth of the e-commerce sector.
Based on End-user Industry
The Pharmaceuticals Sector Mentioned for the most enormous market Growth
The pharmaceutical sector expresses potential market growth in 2022. The packaging materials and procedures used in the pharmaceutical sector must adhere to strict quality control standards. To guarantee the efficacy and safety of pharmaceutical packaging, regulatory organizations such as the FDA (Food and Drug Administration) in the United States and the EMA (European Medicines Agency) in Europe have established standards. This has created a need for extensive testing to ensure compliance with these regulations. In addition, the market for generic drugs has been expanding rapidly due to the expiration of patents for many branded medications. Generic drugs require packaging that is as effective as the branded counterparts. Pharmaceutical firms are spending in Packaging Testing as a result to guarantee that their generic goods satisfy the same high requirements as the branded counterparts.
Based on Region
North America leads the market
North America is accounted to have considerable market growth in 2022. This expansion has been defined to a variety of factors, such as the expanding demand for packaged foods and drinks, the elevated priority placed on product quality and safety, and the developing awareness of environmentally friendly packaging techniques. In addition, with the busy lifestyles of consumers, there is an increasing preference for convenient and ready-to-eat products. This has led to a surge in the demand for packaged food and beverages, which has increased the need for Packaging Testing to ensure the safety and quality of these products. Furthermore, technological advancements have also contributed to the growth of the Packaging Testing market in North America. New testing technologies, such as non-destructive testing methods and advanced analytical techniques, have emerged, providing more accurate and efficient ways to evaluate packaging performance. The testing procedure has been enhanced, and the accuracy and precision of the results have both risen.
Competitive Landscape
Companies are essential to the Packaging Testing industrys expansion. They demand packaging solutions that are aesthetically pleasing, meet regulatory requirements, and are durable enough to protect the product during transportation and handling. They rely on Packaging Testing to ensure their products are safely and securely packaged. In addition, they contribute to developing new technologies, regulatory standards, and consumer demands that shape the industrys future. For instance, Intertek launched a new testing service for compostable packaging materials designed to help companies ensure that their packaging materials meet the required standards for compostability.
The players in the global Packaging Testing market include Intertek Group PLC (UK) among others.
Recent Market Developments
Segmentation of the Global Packaging Testing Market
Source: www.vantagemarketresearch.com
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis | |
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