Food Packaging Testing Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Food Packaging Testing market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Food Packaging Testing Market report is anticipated to register a CAGR of 11.5% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Food Packaging Testing Market are –
- SGS SA
- Bureau Veritas SA
- Intertek Group PLC
- Eurofins Scientific SE
- Tüv Süd AG
- Mérieux Nutrisciences Corporation
- EMSL Analytical Inc.
- ALS Limited
- OMIC USA Inc.
- Westpak Inc.
- EAG Inc.
- Fera Science Ltd
Market Insights
The global food packaging testing market is anticipated to record a CAGR of 11.5% during the forecast period, from 2018-2023. Food package testing ensures that the product package is safe and complies with the regulatory standard. Food packaging testing is performed under defined set of standards using various analytical techniques to identify the presence of migrant substance in food, from packaging material, strength of packaging material, and to ensure the product safety.
Increasing Processed Food Market= Food Packaging Testing
Rising consumer demand for flexible and portable packaging is accelerating the demand for packaging testing. Increased strict regulation to comply with packaging testing requirement to regulate food safety is another major factor driving the market. Various food products are packaged to prevent contamination from the environment and to enhance the shelf life of products. Growing concern over the health hazard of chemical migrants from package to food products among consumer is continuing to drive the market. In recent years, food contamination has increased significantly, which has raised the demand for food contact material testing. However, high cost of testing by advanced technology is affecting the market growth.
Market Segmentation
Market segmentation by technology types of food packaging testing includes physical testing and chemical testing. Physical testing is further sub-segmented into durability testing, heat resistance testing, and water vapor/gas permeability testing. The chemical testing market includes migration testing, extractable testing, leachable testing, and others. Migration testing accounts for the largest share in the market. Intentionally and non-intentionally-added substance can migrate into food simulants and food products through packages that are hazardous to health.
By packaging material type, the global food packaging testing market includes plastic, metal, glass, paper and board, and layered packaging, such as tetra pack. In recent years, the demand for tetra pack has increased significantly, due to the increased demand for high shelf life food products. Tetrapack packaging testing is growing at a fast rate. Beverage packaging is the dominant application in the packaging testing market, owing to the high consumption of packaged beverage products. Plastic holds a major share in the packaging testing material type, driven by the increased use of plastic for food packaging. PET and LLDPE used for food packaging is growing at a faster pace, due to flexibility packaging.
Regional Analysis
North America has the largest market of food packaging testing and generated a revenue of USD 1.90 billion in 2016, which was followed by Europe. Strict safety evaluation of food packaging, which includes toxicology testing, exposure assessment, and risk assessment in EU and North America, is driving the market.
The major players include – SGS SA, BUREAU VERITAS SA, INTERTEK GROUP PLC, EUROFINS SCIENTIFIC SE, TÜV SÜD AG, MÉRIEUX NUTRISCIENCES CORPORATION, EMSL ANALYTICAL INC., ALS LIMITED, OMIC USA INC., WESTPAK INC., EAG INC., FERA SCIENCE LTD, amongst others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
• Market dynamics which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,
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Scope of the Report:
The report analyses Food Packaging Testing market, which includes –
- Analysis of the growth of Food Packaging Testing market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Food Packaging Testing market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Food Packaging Testing market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Food Packaging Testing market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Food Packaging Testing Market Report:
- Varying dynamics of the Food Packaging Testing industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Food Packaging Testing market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Food Packaging Testing market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Food Packaging Testing Market Report:
- The report analyses how stringent emission control norms will drive the global Food Packaging Testing market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Food Packaging Testing market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Food Packaging Testing:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Food Packaging Testing Market Report @ https://www.360marketupdates.com/TOC/12884959#TOC
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