Thursday 27 September 2018

Packaging Testing Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

The packaging testing market is driven by factors such as increase in product recalls due to stringent regulations, an increase in the requirement for durable products, increased demand for packaged products due to the growth of the FMCG industry, and increasing awareness due to unauthorized usage of recycled materials.
The requirement of portable & automated testing techniques to enhance the testing availability in less time provides new growth opportunities for market players. Governments across the world are implementing rigorous guidelines to ensure the quality of the products. Testing is the main part of the guidelines, hence unavoidable. This, in turn, is primarily driving the market. The cost of packaging testing is very high due to the high cost of testing equipment. Therefore, this is the matter of concern for new entrants.
Based on the application, the packaging testing market is segmented into food & beverage, agrochemicals, pharmaceuticals, personal care textile, automobile, transportation, environmental, and other consumer goods. The pharmaceutical segment dominated the market in 2016. The food & beverage segment is projected to expand at a significant CAGR due to an increase in food safety awareness among consumers and rise in the number of packaging and labeling mandates in various regions.
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In terms of type, the global packaging testing market is segmented into physical, chemical, and microbiological. The physical segment dominated the market, accounting for a prominent share, since the determination of physical properties of a product is an essential application for packaging testing. The chemical testing of packaging is conducted for the determination of chemical properties such as corrosion level and overall composition of the material, monitoring product quality, toxic detection, contaminants detection, and to meet other regulatory standards. The microbiological testing of packaging is conducted to detect the presence of contamination that can harm the hygiene, since there is a possibility for some organism to survive inside the packaging.

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