The product packaging screening equipment market in the United States is anticipated to be worth $847.9 million by 2033. China product packaging screening equipment market is anticipated to increase at a CAGR of 7.16% throughout the projection duration 2023 to 2033
NEWARK, Del, Feb. 15, 2023 (WORLD NEWSWIRE) — The international packaging testing equipment market is anticipated to reach brand-new heights in the coming years, with a projection of US$ 3,905.4 million in 2023 and sales predicted to go beyond US$ 7,148.5 million by 2033. Future Market Insights projections that require for product packaging screening equipment is most likely to broaden by a robust 6.2% CAGR in between 2023 and 2033, driven by a number of crucial elements.
The increasing need for packaged items, the growing value of item safety and quality, and the requirement to abide by market policies are driving development in the product packaging screening equipment market. These elements have actually caused a boost in making use of product packaging screening equipment to test the strength, sturdiness, and other physical residential or commercial properties of product packaging products.
In the food market, product packaging goes through different phases of screening to guarantee quality and enhance the shelf-life of the end products, consisting of effect tests, leakage and burst detection, evaluation of permeability, tensile strength, and others. A range of product packaging screening equipment is utilized for these tests, and as the need for good quality product packaging continues to increase, so does the need for sophisticated product packaging screening options.
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Emerging nations, such as Brazil and India, exist beneficial conditions for development in the product packaging screening equipment market, with the growth of regional markets and the application of brand-new policies and requirements. The boost in the middle-class population in these nations, paired with quick urbanization, has actually caused a boost in intake and need for varied items, producing financially rewarding opportunities for product packaging screening equipment makers.
Key Takeaways from the Packaging Testing Equipment Market:
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According to FMI’s analysis, the United States holds a 22.6% share of the North America product packaging screening equipment market in 2022. The product packaging screening equipment market in the United States is anticipated to be worth $847.9 million by 2033.
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Germany represented 3.7% of the international product packaging screening equipment market in 2022. In 2022, the German product packaging screening equipment market is anticipated to be worth US$138.7 million.
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The China product packaging screening equipment market deserves US$ 423.6 million in 2022, with a CAGR of 7.16% over the projection duration.
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The product packaging screening equipment market in India is anticipated to be worth US$ 336 million in 2022, with a CAGR of 8.78% throughout the projection duration.
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Because of its basic nature in product packaging screening, sample/material screening is commonly utilized in the market, representing almost 45% of the marketplace in 2022.
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Due to its low cost, plastic is commonly utilized in the product packaging market. In 2022, this section held 44.6% of the marketplace.
Who is Winning?
The product packaging screening equipment market is extremely fragmented, with various gamers running in the market, both regional and global. Some of the crucial gamers in the market consist of SGS S.A, Intertek Group plc, Bureau Veritas S.A, TÜV SÜD AG, ALFA LAVAL AB, Ametek Inc., Eurofins Scientific SE, Merck KGaA, and others.
These gamers are concentrating on different techniques, such as mergers & acquisitions, collaborations & partnerships, and brand-new item launches, to broaden their market existence and enhance their position in the market. For circumstances, in 2019, Intertek Group plc obtained STS Group AG, a Swiss-based service provider of technical assessment and accreditation services, to broaden its existence in Europe.
Players are likewise buying research study and advancement to establish sophisticated product packaging screening equipment and deal ingenious options to their consumers. This has actually led to the advancement of brand-new and sophisticated product packaging screening equipment, which has actually increased the effectiveness and precision of screening and has actually likewise assisted in lowering the cost of screening.
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Packaging Testing Equipment Market by Category
By Testing Type:
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Sample/ Material Testing
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Hardness/ Strength Testing
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Surface Testing
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Air Properties & Impact Testing
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Enclosures & Barrier Testing
By Material:
By Content:
By Region:
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North America
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Latin America
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Europe
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APAC
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Rest of World
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Table of Content
1. Executive Summary | Packaging Testing Equipment Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
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