“Latest Market Overview for Food Packaging Testing Market Research Report 2018-2023
Global Food Packaging Testing Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Food Packaging Testing market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis for Food Packaging Testing Market: by product types, market share, applications, sales, and revenue.
- 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
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Description of Food Packaging Testing Market: 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,
Reasons to Purchase this Report
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The Global demand for Food Packaging Testing Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Following market aspects are enfolded in Global Food Packaging Testing Market Report:
- A wide summarization of the Global Food Packaging Testing Market.
- The present and forecasted regional market size data based on applications, types, and regions.
- Market trends, drivers and challenges for the Global Food Packaging Testing Market.
- Analysis of company profiles of Top major players functioning in the market.
Food Packaging Testing Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Food Packaging Testing Market players in detail. Food Packaging Testing Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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Which are the important factors that are mentioned in the Food Packaging Testing Market report 2023?
- Key Market Dynamics: The Global Food Packaging Testing Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
- Major Growth Prospects:The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
- Key Market Highlights: The report gives us an in-depth Market analysis on some of the Food Packaging Testing Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.
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The growth of this market worldwide is subjected to various factors; including consumer world-class Food Packaging Testing Market of many Food Packaging Testing Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
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