The Asia-Pacific package testing market is estimated to grow from USD 4.78 billion in 2016 to USD 12.36 billion by the end of 2021 at a CAGR of 17.16%. Drop tests and shelf-life tests occupy the major share of the market.
China, India, and Japan are the leading exporters of goods to various parts of the world. China exported more than USD 2 trillion worth of goods around the world. This increasing production and transportation of good across the world have made package testing very important.
Some of the factors driving the market include:
Packaging plays a significant part in the assurance of the quality and integrity of the product inside. It not only affects the product but also manifests itself in the end product in which the product is used. Governments across the world are implementing rigorous guidelines to ensure the quality of the products. Testing is an integral part of these guidelines, which makes it one of the core drivers of this market.
The costs associated with packaging are a major constraint to the APAC testing market because of the cost-sensitive nature of the customers. Testing, however, has considerable benefits like reduced damages to ensure a satisfactory customer experience, resulting in increased goodwill. This helps the company in building its brand reputation and also reduces costs due to damages in the long run.
The most important test in food and pharmaceuticals is the shelf-life test because of the delicate nature of the products and their vulnerability on exposure to atmospheric conditions. With shifting emphasis on the use of ecologically friendly materials in packaging, this becomes a priority as their endurance to atmospheric conditions might not match that of their traditional counterparts.
Other tests include drop test, shock test, vibration test, and compression test. The report provides a comprehensive analysis of the market segmented on the basis of packaging material used and the end-user industry. Detailed estimates for the next five years are included along with the analysis of the major players and their strategies.
Some of the major companies in the package testing market are:
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