Sun, 29 Nov 2020

Increased demand by food and beverage sector continues to fuel demand for packaging solutions globally.

DUBAI, UAE / ACCESSWIRE / October 21, 2020 / The packaging testing market is witnessing heightened demand for safe and secure packaging solutions to avoid breakage, shocks or corrosion. Considering the rise in e-commerce sales during the lockdown, and growing focus on hygiene, packaging testing is likely to gain ground during the assessment period.

'Introduction of novel solutions and usage of recycled packaging materials are presenting lucrative opportunities. Industries are planning on introducing advanced testing solutions to improve packaging approaches,' says the FMI Analyst.

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Packaging Testing Market- Key Highlights

  • North America will retain market supremacy while Asia-Pacific to record fastest growth.
  • Plastic packaging materials testing will gain significant momentum due to extensive usage across major verticals.
  • Food, beverage and pharmaceuticals will witness substantial market growth through the forecast period (2020-2030).
  • On the basis of type, microbiological tests will gain significant traction as it ascertains the presence of pathogens

. Packaging Testing Market- Driving Factors

  • Urbanization and rising disposable income accelerates the demand for ready-to-eat packaged food.
  • Usage of plastic packaging materials will find employment in major end-use industries for the transportation of goods.
  • Drug formulation market has witnessed surging demand for strong and robust packaging solutions to avoid quality degradation.
  • Convenient packaging solution is highly beneficial in protecting in-transit parcels against breakage, corrosion or spoilage.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12655

Packaging Testing Market- Key Restraints

  • Higher expense remains a deterrent, especially during the pandemic due to reduced income.
  • Lack of standard regulations is posing a major threat to the market.

COVID-19 Impact on Packaging Testing Market

COVID-19 pandemic has disrupted global supply chain across the economies. Disturbance in manufacturing process has resulted in a downfall of packaging industry as well. As countries are gradually phasing out lockdowns, industrial production is reaching to normal levels. This will in turn affect the packaging industry in a positive manner.

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Competitive Landscape

Leading players are working on augmenting research capabilities in order to develop product portfolio. Strategic alliance and acquisitions are among the key strategies used by the players.

FMI's report on Packaging Testing Market presents exclusive details of key market players. SGS SA, Intertek Group Plc, Bureau Veritas SA, Eurofins Scientific SE, ALS Limited, TUV SUD AG, Mérieux NutriSciences Corporation, Microbac Laboratories Inc. are few of the major participants.

More on the Report

FMI's report provides proper segmentation and analysis of market trends and macro-economic factors on the basis of material (paper, metal, plastic), testing type (physical, chemical, microbiological), packaging application (food and beverage, medical, personal care, healthcare, pharmaceuticals etc.), and region-wise segmentation (North America, Asia-Pacific, Oceania and Europe).

Explore Wide-ranging Coverage of FMI's Packaging Landscape

Universal Testing Machine Market FMI's report presents region wise analysis with detailed profiles of the companies, the economic factors and strategies adopted to cope up with the market trends.

Mottled Test Liner Market FMI's analysis on this sector presents driving factors, restraints, opportunities, in-depth market segmentation and impact of market trends on geographies.

Pack Testing Machines Market This report analyses qualitative and quantitative assessment by industry analysts, macro-economic indicators, parent market trends with historical, current, and projected market size in terms of volume and value.

About 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 Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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
For Media Enquiries: press@futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/packaging-testing-market
Press Release Source: https://www.futuremarketinsights.com/press-release/packaging-testing-market

SOURCE: Future Market Insights



View source version on accesswire.com:
https://www.accesswire.com/611509/Packaging-Testing-Market-to-reach-US-20-billion-by-2030-E-Commerce-Sector-Will-Push-Adoption-Future-Market-Insights

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