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(Transportation-News.com, September 01, 2018 ) The Global Package Testing Market was valued at USD 8.25 billion in 2017 and is expected to reach a value of USD 17.18 billion by 2023 at a CAGR of 12.62% over the forecast period (2018 - 2023). The package testing market report is segmented by primary packaging material used and by the type of testing method employed. Plastic, paper, metal, and glass are the different materials used in packaging and each of the following materials has different testing procedures. The types of testing methods, in package testing, include drop test, vibration tests, shock tests, temperature testing, atmospheric pressure testing, shelf life testing, compression testing, and others. This market report is further segmented by regions into North America, Latin America, Europe, Middle East & Africa, and Asia-Pacific.
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Companies Mentioned: DDL Inc., Intertek Group plc, SGS SA, CSZ Testing Services Laboratories, Cryopak, Advance Packaging Corporation, Nefab Group, National Technical Systems Inc., Turner Packaging Ltd., Cascade Tek.
The packaging now behaves as a primary face of the brand and the quality of the packaging now affects the perceived “quality” of the product, therefore, the need for package testing has increased. The primary objectives for the same are to ensure higher shelf life and the reduction of costs normally associated with damaged goods.
Moreover, the governments all over the world have set strict regulations to ensure the safety of the package, thus, mandating the testing packaging for safety and durability. Rigorous control regulations and administration, along with qualification demands all over the world are increasing the demand for package testing.
However, the costs associated with the testing of packaging are quite high, making it harder for small-scale manufacturers and industries to invest in this process, thereby, hindering the growth of this market.
The paper packing industry is growing at a decent rate and is expected to maintain a healthy growth during the forecast period. With increased consumption of consumer goods and packaged food around the world, the industry is expected to expand. Overall, the market is expected to double in size by 2020, while it is expected to register considerable growth in Asia-Pacific, Latin America, and European regions.
Demand for Longer Shelf Life is Driving the Market Growth
With more and more products being launched globally and increased trading of consumer goods, the demand for package testing is growing as well. Industries are now investing on reliable package testing solutions, the need for longer shelf life under varying conditions is driving the growth of this industry.
Depending on the packaging material, the shelf life of the package varies according to atmospheric conditions. Paper packaging has a very low shelf life in regions with high humidity and moisture, whereas, plastic and metal packaging can affect the quality of the contents in regions with high temperatures. Hence, package quality and shelf life are heavily dependent on the environment. Hence, it has to be made sure that packaging can handle the different atmospheric conditions and provide a long shelf life. Thus, manufacturers are now dependent on package testing to ensure the quality and durability of the product packaging.
Globalization has facilitated manufacturers of products to expand their markets all around the world. In addition, the demand for imported goods has increased in the past decade all around the world. It is further reported that beverages held the largest import share (43%) in UK in 2016, thus, providing opportunities for solution providers in the segment.
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Key Developments in the Market
November 2017 - DDL is offering photostability testing at its Eden Prairie, MN lab facility to assess the response to light exposure of pharmaceutical & combination products, cosmetics and other products.
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