The global packaging testing market is poised for explosive growth, with a projected valuation of US$ 52,748.03 million by 2033, according to a recent market analysis by Future Market Insights (FMI). This signifies a significant increase from US$ 16,099.87 million in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 12.6%. Request a report …
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Packaging Testing Market Report Covers Future Trends with Research 2022
Increasing demand for recyclable and biodegradable packaging has fueled the demand for packaging testing for different packaging materials under different conditions. Pharmaceutical drugs and food and beverage manufacturers are employing packaging testing to fulfill the complex packaging standards to build brand reputation. These factors are emerging as the key growth drivers in packaging testing market. …
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Packaging Testing Market to Grow at 12% CAGR; Increasing Demand Drives Growth: FMI | SGS SA, Intertek Group Plc, Bureau Veritas SA, Eurofins Scientific SE, ALS Limited, TUV SUD AG
Future Market Insight (FMI) estimates that packaging testing revenues will increase significantly from 2021 to 2031, with worldwide revenues up 12.3% year over year in 2021. Driven by introduction of new standards and regulations to increase sale of packaging testing equipment, the packaging testing market is forecast to reach valuation of US$ 12.60 Billion by the end of 2021. Consumers are …