Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Research Reports

Packaging Testing Services Market Report Explored in Latest Research 2019-2029

Global Banking And Finance 1 News

Packaging testing provides assertions that packaging will protect products from damage during transit. Growing retail trade with rising demand for packaged goods, rising eco-conscious consumers for sustainable packaging, stringent regulatory atmosphere, and innovation of pioneering technologies are some of the factors responsible for the high growth of the global packaging testing services market.

The global packaging testing services market is anticipated to clock a remarkable CAGR of nearly 13% during 2019-2029. This astonishing growth is majorly driven by the penetration of the e-Commerce and food sector in developing markets such as China, Mexico, and India, and also technological advancements associated with packaging.

“The growth outlook for the packaging testing services market seems extremely promising, owing to excellent demand from the e-Commerce industry. Furthermore, highly potential economies such as China and India are projected to offer lucrative opportunities to providers of packaging testing services, as the demand for varied packaging solutions in these countries is on a surge.”

Key Takeaways from Packaging Testing Services Market Study
  • The physical testing segment is experiencing high demand in the packaging testing services market. This is attributable to the fact that, most of the properties of packaged goods are a function of physical attributes such as friction, compression, tensile strength, tearing strength, and peel & puncture, among others.
  • Potential growth of end-user industries such as food, beverages, healthcare, personal care & cosmetics, and others, which require thorough packaging, is expected to further propel the growth of the global packaging testing services market.
  • In terms of market growth, South Asia and East Asia are estimated to witness above-average growth in the packaging testing services market, as countries such as China, India, and Japan are producing and exporting packaged goods on a significant scale.

Introduction of New Standards & Regulations to Increase Sales of Equipment Used by Players Operating in Packaging Testing Services Market

One of the most upfront drivers in the packaging testing services industry is the introduction of new standards for package authentication. Numerous organizations have established international principles in the last few years that are sure to be trendsetters. These standards aim to have ever-expanding cargo and product safety, and different packaging test methods are defined in this regard. There is a long list of standards in the packaging testing services market developed by various organizations such as the American Society for Testing and Materials (ASTM), International Safe Transit Association (ISTA), International Organization for Standardization (ISO), and others. Solidification and continuous growth of the e-Commerce industry is increasing the demand for quality packaging and the introduction of new standards & regulations by international organizations, thereby resulting in the growth of global packaging testing services market.

About Packaging Testing Services Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global packaging testing services market, analysing historical demand of 2014-2018 and forecast statistics for 2019-2029. The report provides growth projections of the packaging testing services market on the basis of testing type (physical, chemical, and microbiological), material (plastic, paper & paperboard, glass, metal, and others), and end user (food, beverages, healthcare, personal care & cosmetics, and others), across seven major regions.

For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11147

Packaging Testing Services Market Taxonomy

The global packaging testing services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the readers.

Testing Type

  • Physical
  • Chemical
  • Microbiological

Material

  • Plastic
  • Paper & Paperboard
  • Glass
  • Metal
  • Others

End User

  • Food
  • Beverages
  • Healthcare
  • Personal Care & Cosmetics
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

The post Packaging Testing Services Market Report Explored in Latest Research 2019-2029 appeared first on Industry News Analsis.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post