The global destructive testing equipment market (for food) is set to be valued at US$ 1.7 Bn in 2021, with a healthy long-term growth projection, according to latest research insights from Future Market Insights, an ESOMAR-certified research and consulting firm.
Food being an essential item has met unabated growth in demand. This created scope for expansion for commercial scale manufacturers. Considering this, long-term growth outlook for the market is perceived to be on a positive note.
Need for robust packaging for to prevent damage due to trauma, corrosion, and leakage as well as demand for optimal preservation of the food item against decomposition has necessitated the use of destructive testing.
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The report has forecast the global destructive testing market to grow at nearly 6% during 2021-2031. It offers analysis of 20+ high-growth markets, providing detailed insights on global destructive testing market growth trajectory over the next decade.
As per FMI, the market had to brace the negative impact of COVID-19 outbreak in 2020. Sales plummeted as stringent curbs were imposed on production and supply of testing equipment. Nevertheless, prudent measures adopted by end-use stakeholders for capital investments has helped in the market’s recovery in 2021.
Since the advent of destructive testing technique and related equipment, significant technological advancements has been witnessed in the market with present trend oriented towards portable and smart connectivity modules where data visualization, interface is enabled over multiple device platform in a single moment.
These developments are expected to support the growth of the market over the coming years.
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Key Takeaways of Global Destructive Testing Market Study
- Packaged food and dairy industries are touted as leading end-use verticals for destructive testing usage. They are expected to account around 35% of the overall demand globally.
- North America, Europe and East Asia are identified as leading regional markets owing to presence of established food quality and certification services related to processed food and pet food market.
- The U.S. is expected to be at the epicenter of expansion in North America, accounting for over 80% of sales in the region.
- Despite China’s continued dominance in East Asia, destructive testing demand will increase at a higher pace in Japan and South Korea.
- Germany, Italy, and France are likely to spearhead growth in Europe.
“Though the non-destructive testing market is likely to exhibit dominance, destructive testing will be preferred for a sound degree of accuracy, process time, and utilities cost. Moreover, dual assessment of food texture and packaging quality provided instantaneously will help the processed food manufacturers in new product innovation and production” says FMI analyst.
Global destructive testing market is likely to grow at a robust pace during 2021-2031. The market is in its advanced stages of growth, where manufacturers are currently shifting towards online distribution channels for sales. Strong focus to commercialize new product portfolio and also to expand products based on customers’ demand coupled with efficient tendering backed by aftersales service is also being emphasized by OEMs to gain competitive advantage.
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Competitive Landscape
The market is primarily consolidated, with key players accounting for more than half of the sales. The leading players are likely to invest in new technology developments as well as expansion of distribution networks in order to sustain growth. Some of the key players in the market are Thermo Fisher Scientific, Ametek Mocon, Shimadzu Corporation, Metrohm, Xylem, Inc., Sartorius AG, and Mettler Toledo amongst others, etc.