The global packaging testing market is projected to grow at a CAGR of 12% during 2019 to 2024. The growth of packaging testing market is driven by increasing demand for products with longer shelf under various conditions, increasing awareness and demand for sustainable packaging, technological advancements in the market, and increasing demand in the end use industries.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising potential, high-growth opportunities for the global packaging
testing market by product (physical, chemical, and microbiological), material
type (glass, plastic, paper & paperboard, metal, and others), technology
(physical tests, spectroscopy & photometric-based, chromatography-based,
and others), end-use industry (food & beverage, agrochemicals,
pharmaceuticals, personal care, and others), and region (North America, Europe,
Asia-Pacific, and Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the packaging testing market?
Q.4 What are some
changing demands of customers in the packaging testing market?
Q.5 What are the new
developments in the packaging testing market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this packaging testing area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this packaging testing market?
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Market Segmentation:
Based on product, the
packaging testing market is segmented into physical, chemical, and
microbiological. The physical segment accounted for the largest share of the
market in 2020 and is expected to register the highest CAGR during the forecast
period.
North America will
remain the largest market over the forecast period. Strict safety evaluation of
food packaging, which includes toxicology testing, exposure assessment, and
risk assessment is driving the market.
Key Players in the
packaging testing market are SGS, Bureau Veritas, Intertek Group, Eurofins
Scientific, Tüv Süd, ALS, Mérieux Nutrisciences Corporation, Microbac
Laboratories, EMSL Analytical, and Campden Bri.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/packaging-testing-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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