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[200 Pages Report] Amid the COVID-19 pandemic, FMI has revised the global airless packaging market growth projections, attributed to shortfalls in production cycles and supply chain disruptions. Despite this revision, growth prospects appear largely positive for the assessment period 2020-2030.

Future  Market Insights’ latest report on the airless packaging market  provides an overall analysis of key factors that may impact growth between 2020 and 2030. Global demand for airless packages will slow in the short term, but will recover early as e-commerce sales grow, according to a new FMI study.

Traditionally, airless packages are used extensively in the cosmetics sector. FMI believes that the status quo will not change during the evaluation period. Various cosmetic manufacturers are diversifying into body care products that are considered the main driver of airless packaging solutions.

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Notable players in this landscape include Aptar Group Inc., Albea Beauty Holdings SA, LUMSON SPA, Silgan Holdings Inc., HCP Packaging, Quadpack Industries, Libo Cosmetics Company and Fusion Packaging.

Airless packaging manufacturers are looking for some innovative packaging solutions by incorporating a variety of materials such as high density plastics, glass and other eco-friendly materials to attract potential customers. increase.

Albea Beauty Holdings SA’s dispensing product portfolio was recently acquired by Silgan Holdings Inc. The acquisition aims to expand Silgan Holdings Inc’s portfolio of dispensing solutions and gain a much larger customer base. The company’s latest product launch includes a 17mm diameter mini NEA lotion pack tube.

Bottles and jars: preferred airless packaging type

Bottles and jars have gained a great deal of traction due to their high capacity to hold large amounts of cosmetic formulations and their ease of storage.

At the same time, airless tubing is expected to grow most rapidly due to the growing demand for lightweight, disposable packaging solutions. Airless pump tubes provide nearly 100% product emissions and offer these highly preferred options for various cosmetic manufacturers.

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Important point

• Depending on the type of package, bottles and jars will remain the most preferred option
• Polypropylene-derived plastic packaging materials continue to be the most popular due to their lightweight and inert properties.
• Europe will be the largest market for airless packages. Market growth is complemented by the surge in adoption of airless packages in Asian countries
• Airless pumps can skyrocket in popularity due to a dispensation rate of almost 100%
• Demand for sustainable packaging solutions that force vendors to incorporate environmentally friendly materials

COVID-19 impact analysis

The COVID-19 pandemic caused a global financial crisis, severely disrupting the production cycle across prominent industrial areas. Supply chain distortions have reduced profits and profit margins, resulting in a significant shortage of cash reserves.

The aforementioned impacts, albeit at a moderate level, are also felt throughout the airless packaging situation. Consumers are relying on e-commerce channels to purchase their products as cosmetics traditional in-store sales are declining. This supports the demand for airless package solutions.

Important questions answered in the report

• How will the airless packaging market grow between 2020 and 2030? According to Future Market Insights, the global airless packaging market is expected to record a moderate but positive growth trajectory over the next decade.
• Which material is most often used for airless packaging? Plastics are expected to enjoy the largest share due to their high resistance to volatile solvents, acidic and alkaline formulations. Polypropylene plastic is most effective for this purpose.However, glass packaging is also expected to have a significant impact. This is mainly due to its high aesthetic appeal and ability to store large amounts of cosmetic formulations.

Key segment

Packaging type

• Bottles & jars
• Bag & pouch
• tube
• others

Material

• plastic
• Glass
• others

Dispenser type

• pumps
• Dropper
• Twist & click

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In the COVID-19 pandemic, Future Market Insights has revised its global airless packaging market growth forecast due to shortages in production cycles and supply chain disruptions. Despite this revision, the growth outlook for the 2020-2030 evaluation period looks generally positive.

In its new market study, Future Market Insights (FMI) has forecasted that the global foodservice paper bags market will record healthy growth between 2020 and 2030, and will progress at a CAGR of 5.4%. Moreover, the study projects that the market will attain a global valuation of US$ 1.45 Bn by 2030.

The global plant based chicken market is poised to reach US$ 8 Bn by 2030-end, registering double-digit growth from 2020-2030, according to ESOMAR-certified Future Market Insights’ (FMI) latest report on the subject.

Demand for plant-based food products is accelerating. Rising health and animal welfare concerns are prompting consumers to select vegetarian alternatives. At the same time, they also demand the same taste and tenderness associated with animal-derived meat and meat products. Growing concern for animal welfare is bringing about a paradigm shift in consumer eating habits. Initiation of mass level awareness campaigns combined with tough legislations prohibiting or limiting animal slaughter across several countries is primarily fueling growth of the market.

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The COVID-19 pandemic has further ignited this vegan trend, prompting food giants to introduce various plant-based chicken brands into the market. Projections for global plant based chicken market remain bullish, with a new analysis by Future Market Insights estimating 19.1% CAGR throughout the forecast period.

“Market players are emphasizing on innovations to introduce sustainable, health enhancing and inorganic ingredients free plant based chicken products,” concludes an FMI analysts.

Furthermore, consumers are willingly substituting meat products with meat analogues, attributed to rising awareness about the ill-effects of excessive meat consumption on human health.

Boost through Social Media Recommendations

Platforms such as Facebook, Twitter, Instagram, Reddit, etc. have provided a platform for animal rights activists and NGOs to spread awareness about animal cruelty and adverse effects of meat consumption on the environment.

Since a majority of the world’s population has access to these platforms, awareness is spreading exponentially, causing significant shifts in food consumption habits. Additionally, leading manufacturers are exploiting these platforms to extensively market their products. This is laying a fertile ground for plant based meat industry proliferation.

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Key Takeaways from FMI’s Plant Based Chicken Market Report

• Plant based chicken market to expand at 19.1% CAGR from 2020-2030
• Burger patties to experience consistent growth, generating over 40% of the global revenue
• Soy-derived proteins to capture lucrative market share, attributed to numerous health benefits
• Europe & MEA to emerge as potential revenue hotspot, Latin America generating credible prospects
• Social media to play pivotal role in augmenting plant based chicken popularity
• E-commerce emerges as the fastest growing distribution channel, owing to deepening internet penetration and the COVID-19 pandemic

COVID-19 Impact Insights

The food & beverages domain stands to gain the most out of the crisis, with demand for plant-based foods experiencing steep incline. Increasing apprehension among consumers about the possible spread of COVID-19 through animal-based food products is stimulating demand for vegan alternatives.

This surging requirement for clean label and naturally derived foods is catapulting the plant based chicken market. Demand is especially strong across the United States, Brazil and India, as they have the highest number of COVID-19 infections. Therefore, people are altering their dietary preferences, prompting manufacturers to increase their presence.

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Competitive Scenario

The plant based chicken market is highly competitive, interspersed with the presence of numerous regional and global players. Prominent players profiled in the report include Impossible Foods, Gardein (Conagra Brands), Atlantic Natural Foods LLC, Beyond Meat, Puris Proteins LLC, Tyson Foods Inc., and CHS Inc.

In July 2016, Impossible Foods made its debut by introducing the world’s first meat analogue product titled the Impossible Burger, which is derived primarily from plant-based products. The production process involves 95% less land and 74% less water usage.

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The food and beverage industry has in recent years been increasingly witnessing a rising demand for natural and functional ingredients, as health consciousness continues to rise among varied consumer demographics. This is a major factor that has been influencing the growth of the citrus products. The citrus pulp market continues to be lucrative, while demand for other citrus products, such as citrus water is on the rise.

The global citrus water market reached a valuation of US$ 5.8 billion in 2019. The citrus water market is projected reflect an exponential 17.1% CAGR between 2020 and 2028.

As per a recent report released by Future Market Insights, the citrus water market is estimated to hit a US$ 6.7 billion valuations by the end of 2020.  The industry is projected to reflect exponential growth through 2028, with widening flavor and nutritional profiles in new product offerings providing impetus to the market for years to come.

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The global citrus water market has reflected very strong growth in recent years. The industry is likely to witness further acceleration in growth through the forecast period, in spite of the pandemic, as consumer preference towards functional beverages and investments in product development continue to rise.

“Citrus-Water market players are ready to promote formulations of beverages with better nutritional profile. In addition, a wide range of product options is likely to boost adoption of citrus water among end- users in the long term,” says the FMI report.

Citrus Water Market- Key Takeaways

[*]Tins are gaining signification traction due to convenient packaging solutions.
[*]Citrus water products will surpass other alternatives due to improved quality of ingredients.
[*]North America is set to dominate the market in terms of revenue, owing to robust distribution channels.
[*]On the basis of sales channel, modern trade and speciality stores are likely to gain more attention through the forecast period.

Citrus Water Market- Driving Factors

[*]Use of citrus water as a fragrant in cosmetics facilitates production across the globe.
[*]Improving lifestyles, rising disposable income, presence of e-retail stores etc. are amongst the major market driving factors.

[*]Increased production and favorable government policies in Europe, drives the growth in this region.
[*]Presence of leading international players and RTD beverage manufacturers, propels the market growth.

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Citrus Water Market- Major Restraints

[*]High cost of citrus water as compared to other conventional beverages, restricts market growth.
[*]Doubts regarding efficacy and quality of the water hinders growth to a considerable extent.

COVID-19 Impact on Citrus Water Market

The lockdown measures imposed by governments during the coronavirus pandemic has resulted in a significant dip in demand for citrus water products. The temporary closure of food service businesses during this period has had a major impact on the market. However, household manufacturing of citrus water remained constant giving a boost to consumption during lockdown too. Recovery will improve gradually with lockdown restrictions being eased towards 2021. Sales of functional alcohol went up by 10.3% in USA while 9.3% in UK as demand for packaged and ready-to-drink products gained demand through and after lockdown.

Competitive Landscape

Players in the market are investing in the expansion of production capabilities through acquisitions and expansions. This enables them to keep up with rising demand and geographic penetration.

For example, prominent regional players are working on enhancing product launches. Key players are focusing on online sales too for a better insight and increased profit. Strengthening of distribution network remains an important strategy for the manufacturers. Key players include Danone S.A., Nestle S.A., The Coca Cola Company, PepsiCo Inc., Suntory Beverages & Food Ltd.

Nestle, SA. Added Ready Beverage refreshes with original citrus flavours to enter international markets.

The CocaCola Company now offers AHA sparkling water with watermelon, strawberry and orange flavours to add sugar-free drinks in their portfolio.

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About the Report

This study offers readers a comprehensive market forecast of the citrus water market. Global, regional and country-level analysis of the top industry trends impacting the market is covered in this study. The report offers insights on the basis of type (economic, premium), source (lemon, orange, lime etc.), distribution (direct sales, hypermarket/supermarket, club stores, discounters, grocery retailers, convenience stores, and online stores) and across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

Table Of Content

1. Global Citrus Water Market Overview

1.1. Market Introduction

1.1.1. Global Citrus Water Market Taxonomy

1.1.2. Global Citrus Water Market Definition

1.2. Global Citrus Water Market Size (US$ Mn & Volume) and Forecast, 2014-2028

1.2.1. Global Citrus Water Market Y-o-Y Growth

1.3. Global Citrus Water Market Dynamics

1.4. Supply Chain

1.5. Cost Structure

1.6. Pricing Analysis

1.7. Raw Material Sourcing Strategy and Analysis

1.8. Service Provider List

1.9. Key Participants Market Presence (Intensity Map) By Region

2. Global Citrus Water Market Analysis and Forecast 2014-2028

3. North America Citrus Water Market Size and Forecast, 2014-2028

4. Latin America Citrus Water Market Size and Forecast, 2014-2028

5. Europe Citrus Water Market Size and Forecast, 2014-2028

Future Market Insights’ latest report on the pet care packaging market brings to fore the key dynamics accelerating growth prospects for the 2020-2030 forecast period. As per its projections, FMI infers that the pet care packaging market is poised to cross the US$ 10 billion mark, flanked primarily by the increasing proportion of pet ownership across all continents.

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“Prominent vendors are incorporating eco-friendly packaging solutions, in tandem with growing environmental consciousness by end-users and customers,” remarks the FMI analyst.

A rapidly seeping trend of nuclearization of families is compelling individuals to seek companionship from other living beings. Consequently, pet humanization is picking up major pace, thus heightening expenditure on pet care products such as pet foods, healthcare products, cosmetics and nutraceuticals.

Some prominent vendors analyzed in this report are Amcor Ltd., AptarGroup Inc., Ardagh Group S.A, Bemis Company Inc., Coveris Holdings S.A, Crown Holdings Inc. and Constantia Flexibles Group GmbH among others.

A multitude of market strategies are being deployed by the aforementioned vendors in order to survive the cut-throat competition levels across potential regions. Strategies such as product innovations, mergers & acquisitions, portfolio expansion and accelerating R&D are proving highly effective in deepening the players’ regional and global footprints.

COVID-19 Impact Insights

As the COVID-19 pandemic tightens its noose around the global economy, a worldwide recession is on the cards. With various industries experiencing production crunches due to lockdowns, revenue and profit margins have taken a turn for the worse in the past few months.

Consequently, online sales of various pet care products has compounded, prompting pet care product vendors to capitalize on this new trend to extensively market and sell their merchandise. Minor production crunches experienced in the initial months of the pandemic due to logistical constraints are already eroding, restoring the market projections.

Key Segments :

Material Type

• Plastic
• Paper & Paperboard
• Metal
• Other Packaging Material

Packaging Type

• Cans
• Bags & Pouches
• Folding Cartons
• Tubes
• Blister Packs
• Plastic Bottles & Jars
• Others (Tubes, Cups, etc.)

Application

• Dry Food
• Wet Food
• Pet Treat
• Frozen

End Use

• Cats
• Dogs
• Birds

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Key questions answered in the report

• What is the pet care packaging market size?According to FMI, the global pet care packaging market is scheduled to surpass the US$ 10 billion valuation by 2030. This positive growth is largely a result of surging pet ownership and a consequent increase in pet care expenditure.
• Which is the most widely used material for pet care packaging?Paper & paperboard packaging materials are likely to garner major traction, owing to increasing concerns amongst manufacturers and customers about the hazards of using conventional packaging materials such as metal on the environment.Moreover, the era of flexible and lightweight packaging is augmenting usage of paper & paperboard packaging across major industries, including the pet care packaging market.
• Which pet care packaging is most used?While cans are expected to glean maximum revenue throughout the assessment period, the popularity of bags & pouches is augmenting multifold. Rising demand for pet foods and accessories is likely to push up demand for the aforementioned packaging types.
• Which is the largest market for pet care packaging?Asia-Pacific is expected to be the fastest growing pet care packaging market. Majority of this growth is likely to occur across the emerging economies of India, China and Japan.

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Key Takeaways from FMI’s Pet Care Packaging Market Study

• Heightening pet food demand to accelerate pet care packaging market prospects
• Metal materials to continue holding major sway, paper & paperboard acquiring high momentum
• Bags & pouches likely to acquire surging popularity, driven by high demand for flexible packaging solutions
• Cat food packaging to emerge as the fastest growing segment, dog food to reign supreme

The citrus pulp market continues to reflect an upward trajectory, despite slowdown induced by COVID-19 pandemic. Opportunities arising from demand for health and convenience foods, and stockpiling behavior of consumers for essentials will provide opportunities for market players to leverage in the short term.

According to Future Market Insight (FMI), the citrus pulp industry is projected to grow steadily between 2020 and 2027. The new report has indicated that investments from food processing and animal feed producers are likely to be major influencers for developments in the sector for the foreseeable future.

As consumers seek better solutions for nutritionally balanced diets, public and private bodies are also investing in initiatives to mitigate nutritional deficiencies, particularly in developing countries.

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The use of citrus pulp ingredients to bolster shelf life of end products is also contributing to demand as a viable alternative to conventional, synthetic preservatives. On the other hand, market players are expected to face challenges in terms of fluctuating yield and product pricing, owing to environmental factors such as weather and disease, and lack of standardization in regulations associated with organic citrus production.

The market report by FMI provides an exhaustive analysis of the sector, covering major influencers of the market. Some of the more important takeaways of the study include:

• The market for citrus pulp was valued at more than US$ 598 million in 2019, with growth of the industry marginally hurt in the short term, owing to the covid-19 outbreak and associated lockdown restrictions on the food service industry.
• Applications of citrus pulp products as bakery product ingredients contribute significantly to revenue generation, supported by the demand for non-GMO, natural, gelling and binding agents for confiture production.
• Organic citrus pulp is rapidly gaining attention for food and personal care sector applications, driven by growing consumer aversion towards synthetic ingredients and additives. However, conventional sources of citrus fruits will remain dominant through 2027 owing to higher global yield.
• Europe is a frontrunner in the global market, aided by a robust supply chain for retail distribution channels, and consumer interest towards natural foods. However, Asian markets, led by China and India are providing profitable opportunities for growth owing to rising investments in the regional food processing industry.

“Growing consumer demand for free-from, natural ingredients, and heightened levels of health awareness in recent years is supporting the application of citrus pulp products. Also, superior characteristics of binding and texturization in plant-based end products will dominate the industry in terms of food and pharma applications for the foreseeable future,” said a lead analyst at FMI.

Coronavirus Impact on Citrus Pulp Market

The rapid worldwide spread of the coronavirus pandemic has had a moderate impact on the citrus pulp market, especially as demand from the food service industry has been restricted by lockdown regulations imposed by governments in many parts of the world. However, the market is likely to recover towards 2021 as steps are taken to open up economy gradually.

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Improved access of technologies for food processing operators in terms of packaging and storage capabilities is expected to create a favorable environment for the industry. This will provide further impetus to the citrus pulp market as consumers display increased willingness to spend on healthy foods to minimize health risks from the covid-19 virus.

Further, changes in consumer behavior towards stockpiling food, personal care, and pharmaceuticals is also likely to bolster demand for citrus pulp and its derivatives creating lucrative opportunities for market players in the short term.

Who is Winning?

In its latest report, Future Market Insights has discussed a detailed analysis of business strategies considered and employed by leading producers in the citrus pulp market. Prominent participants in the industry are focusing their resources towards the development of new citrus pulp derivative products, aimed towards new end user industries to expand scope of revenue generation.

Some of the citrus pulp players include Cargill Corp., Compania Espanola de Algas Marinas S.A., E.I. DuPont De Nemours and Company, Fiberstar Inc., Citromax S.A.C.I., CP Kelco U.S. Inc., Herbafood Ingredients GmbH, Firmenich SA, Lucid Colloids Ltd., Quadra Chemicals Ltd., Naturex SA, and Dohler among others.

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About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

FMI thinks the market is scheduled to scale new statures in the midst of increasing interest for fiber-rich and supplement implanted groceries. Late years have seen an upsurge in the accessibility of heartbeat based moment food sources. Pulses are known to decrease cholesterol and fatty oil levels, subsequently upgrading future.

Smart dieting has turned into a need for both metropolitan and country shoppers. As more shoppers become cognizant with regards to the evil impacts of stationary lives, they are exchanging towards fiber-rich and low-fat eating regimens. Therefore, the ubiquity of prepared to-eat groceries has flooded.

“Growing awareness about health benefits is prompting governments to accelerate pulses production, encouraging food manufacturers to concentrate their operations in prominent pulse producing countries,” comments the FMI analyst.

Beat based moment snacks are along these lines procuring energy. Pulses are being joined in pasta, bread shop items, dry bites, meat analogs and grain bars to work on the usefulness. Developing spotlight on smart dieting is probably going to support interest for pulses over the long haul.

Key Takeaways from FMI’s Pulses Market Report

• APEJ to address worthwhile development openings, creating almost 60% of income
• Dried beans to appreciate boundless ubiquity, credited to the presence of crucial micronutrients
• Interest for natural pulses encountering toward the north shift, extending at a CAGR surpassing 7%
• Online business to enlist amazing development, attributable to rising reliance on virtual stages in the midst of the pandemic emergency
• Beat flour obtaining climbing ubiquity because of far reaching applications in planning different food sources
• Worldwide pulses market to grow at 4.9% worth CAGR across the appraisal time frame

Coronavirus Impact Insights

As the COVID-19 pandemic fixes its grasp all over the planet, the worldwide pulses market has encountered minor deceleration. This has for the most part come about because of imperatives in calculated courses of action to move completed items from the maker to the market. Luckily, this misfortune is step by step disintegrating with lockdown limitations facilitating.

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Besides, development of the pulses market is generally being supported by web based business channels, notwithstanding ordinary retail outlets continuing activities. Willful social removing measures took on by buyers is driving this buying conduct. These days, customers are depending on stages, for example, Big Basket, Amazon and Grofers to buy pulses.

Competitive Landscape

The global pulses market is interspersed with several prominent vendors. In FMI’s report,  the following players have been profiled: Nestle SA, Groupe Danone, Reckitt Benckiser Group Plc (RB), Abbott Laboratories Inc., Vitasoy International Holdings Ltd, Inner Mongolia Yili Industrial Group Co Ltd., Coca-Cola Co, General Mills Inc., Blue Diamond Growers, Kikkoman Corporation, Dr. Schär AG/SpA, Lactalis Groupe, Valio Oy, Post Holdings Inc., Monde Nissin Corp.

The food acidulants market is projected to develop from USD 3.1 billion of every 2022 to USD 6.5 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.1% during the estimate time frame.

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As urbanization extends, interest for prepared to-eat groceries is expanding, ascribed to the reception of furious ways of life. Subsequently, their stockpile is expanding quickly, topping off racks in general stores and departmental stores. This is giving significant footing to food acidulants as they assist with upgrading the time span of usability of such items.

Acidulants and citrates are normal fixings in food and drinks on account of the particular capacities they give. The job of food Acidulants in the food business is incredibly different, going from pH remedy and flavor improvement to the counteraction of enzymatic sautéing in new food sources.

Food makers utilize acidulants to acquire the ideal pH, cradle, sway taste and season and keep up with the shading and surface of their items. Acidulant Citric corrosive is the favored corrosive in the Food Acidulants market, and it’s generally used to flavor and cushion carbonated refreshments.

“Hectic urban lifestyles are stabilizing demand for convenience food & beverage products, paving way for beneficial opportunities to food acidulant manufacturers in the future,” comments the FMI analyst.

Expanding mindfulness about food acidulants managing pH levels, olfactory properties protection, sharpness levels guideline and generally speaking upgrade of the utilitarian attributes of food and drinks are expanding their take-up across various food items.

Key Takeaways

• Fluid structure food acidulants to track down developing reception attributable to high refreshment utilization
• Citrus extract to arise as the most broadly utilized food acidulants, ascribed to its flavor improving properties
• Food acidulants as additives are ready to track down massive application across prepared to-eat staples
• Drinks portion to enroll broad use of food acidulants through 2030
• Asia-Pacific to be the quickest developing district, North America liable to hold market strength

Coronavirus Impact Insights

With the world rushing towards a significant monetary emergency, the market for food acidulants is relied upon to endure a considerable shot in its income and development projections until the last 50% of 2021. The pandemic has constrained legislatures to force closures, in this manner affecting modern creation and overall revenues across unmistakable areas.

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Strategic challenges in acquiring natural substances to make food acidulants is prompting creation crunches, producing an interest supply hole. Notwithstanding, this is probably going to be counterbalanced because of a supported interest for moment food sources and refreshments from customers.

Competitive Landscape

The global food acidulants market is highly fragmented, characterized by the presence of several regional and international players. Some prominent players profiled in the report are Tate & Lyle plc, Archer Daniels Midland Company, Brenntag AG, Cargill Inc., FBC Industries Inc., Hawkins Watts Ltd. and Isegan South Africa (Pty) Ltd.

According to Future Market Insights (FMI), the packaging testing equipment market will grow by 6.4% CAGR between 2021 and 2031. Scope for application is expected to improve in consumer electronics industry as demand for complementing and technologically advanced packaging solutions grows. Packaging testing equipment is used in the electronics industry for various applications such as backing proof for working status, certification of electronics and deeming them safe for usage.

The applications for packaging testing equipment in the electronics industry are still growing. The rapidly rising demand for consumer electronics is a major trend that is anticipated to bolster the growth of the packaging testing equipment market.

To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8685FMI forecasts that the sales of packaging testing equipment will increase in food and beverages, healthcare, and other sectors. Factors such as demand for sustainability and client specific customization will aid application across diverse industries.

Key Takeaways from Packaging Testing Equipment Market

• By testing type, material/ sample testing segment is ahead and leading the global packaging testing equipment market. The segment is anticipated to account for 44% of the market by the end of forecast period.
• By material, the plastic segment is mostly preferred in the market due to its low cost feature. Demand in the segment is anticipated to increase 1.8 times during next 10 years.
• Among end users, the food and beverages segment will exhibit high demand. Furthermore, healthcare & pharmaceuticals will be the second largest segment, accounting for 22% of the market.
• Asia-Pacific is anticipated to offer impressive opportunities for packaging testing equipment market due to lower tax slabs and ease of doing business opportunities in the region.
• North America and Europe will hold share of almost 44% in the global market by the year 2031.

 “The demand for packaging testing equipment is rising globally.  Increasing focus on testing services and verification & certification for ensuring the quality of packaging material has created growth opportunities for packaging testing equipment manufacturers ,” says FMI analyst.

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Impact of COVID-19 on Packaging Testing Equipment Market

Global crisis of COVID-19 had negative impact on the sales of packaging testing equipment. Lack in availability of raw materials suspended manufacturing process. Imposition of lockdown in major regions such as North America, Latin America, Europe, Asia-Pacific and Rest of World also hampered manufacturing of packaging testing equipment.

Disruption in supply chain activities and stringent rules and regulations lead to a complete closure of manufacturing plants for months. Consequently, sales of packaging testing equipment were pretty disturbed during the lockdown dampening sales of target market.

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Packaging Testing Equipment Market Landscape

Krones AG, Coesia Group and AMETEK Inc. are the top players operating in the packaging testing equipment market. Furthermore, Marchesini Group, Presto Testing Equipment, Labthink Instruments Co. Ltd., AZO Holding GmbH, Machine Solutions Inc., Qualitest, and Rycobel Group are also the noticeable players in the packaging testing equipment market. The 3-tier players of the market hold 80-90% in the global packaging testing equipment market. Summarizing everything key players will contribute almost 10-20% of the global market.

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