Dublin, May 03, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Package Testing market - By Primary Material, Type, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report to their offering.
The Global Package Testing market is estimated to grow from $15.81 billion in 2016 to $31.44 billion by the end of 2022 at a CAGR of 12.14% for the forecasted period
The packaging industry is constantly evolving with packaging becoming more than just a protective outer layer. Packaging serves as the primary face of the product and is very important in the promotion of the brand and attracting customers. Packaging is also being altered to suit the needs of the fast food consumer who are rapidly replacing traditional meals with packaged foodstuff. This has increased the need for testing the packaging of products to ensure higher shelf life and the reduction of costs normally associated with damaged goods.
Packaging plays a significant part in the assurance of the quality and integrity of the product inside. It not only affects the product but also manifests itself in the end product in which the product is used. Governments across the world are implementing rigorous guidelines to ensure quality of the products. Testing is an integral part of these guidelines which makes it one of the core drivers in this market.
The market is expected to register considerable growth in the APAC, Latin America and European regions. The market for package testing is still in growth stage.
Consumers are now more informed than before. They are now demanding products which have better shelf life, meet regulations and norms set by different government agencies and have been procured ethically. Packaging and labelling helps increase in consumer's confidence in the product and increases the brand value of the company
A business is no more entirely dependent on a country or a region. Deals are being signed across the continents and products are being sold in different regions. For such products to be transported and meet the requirements for sales, it is necessary that packaging is robust and follows certain parameters set by different agencies. Package Testing companies test packaging products by doing several tests on products like drop test, shock test, vibration test, shelf life testing to name a few. Only when a package passes through these tests, it is allowed to be shipped or used for commercial use.
Products are being sourced and shipped worldwide to meet the global consumer demand. This has increased the need for durable packaging but at the same time, the push for more sustainable packaging is stronger than ever with emphasis on reducing the material used to ensure lighter cargo and decrease the ecological footprint. This has made package testing even more important as damaged or over-packaged products result in customer dissatisfaction and increased costs for retailers and manufacturers.
Plastic is the most widely used packaging material with more than half of the current market share followed by paper. Metal and Glass are also widely used and tests are designed to check the packages durability, integrity, strength, shelf life and resistance to environmental factors. The integrity of a package is tested by performing various tests on it, drop, vibration and shock tests are the major ones which are mandated by the standards institutions like ASTM and ISTA. These standards are universally followed and are quite stringent in nature.
Some of the major companies in package testing are DDL, Intertek, SGS, CSZ Testing Services Laboratories, CRYOPAK, Advance Packaging, Nefab, National Technical Systems, Turner Packaging and Caskadetek.
Key Topics Covered:
1. Research Methodology
2. Market Overview
Definition
Value chain analysis
Porter's 5 Forces
Regulations
3. Market Dynamics
Introduction
Drivers
Constraints
Opportunities
4. Global Package Testing market Segmentation, Forecasts and Trends - by Revenue
5. By Primary Material
Glass
Paper
Metal
Plastics
6. By Type
Drop tests
Vibration tests
Shock tests
Temperature testing
Atmospheric Pressure
Shelf Life
Compression Testing
Others
7. By Region
8. Vendor Market Share Analysis
9. Company Profiles
DDL
Intertek
SGS
CSZ Testing Services Laboratories
CRYOPAK
Advance Packaging
National Technical Systems
Turner Packaging
Nefab
Caskadetek
Others
10. Industry Structure
Industry M&As, Consolidations
Investment Opportunities
Global Package Testing Market- Road Ahead
Tables
For more information about this report visit http://www.researchandmarkets.com/research/gp4k36/global_package