Market Trends of Asia-Pacific Package Testing Industry
Plastic Packaging is Expected to Witness Significant Adoption
- The increasing use of plastic in various packaging types from end-user industries such as food, healthcare, industrial, personal, and household is resulting in a growing number of third-party vendors that provide plastic package testing as a service. However, these vendors still face competition from industry giants in the packaging industry who have their in-house testing facilities. But with changing technology, regulations, and standards to comply with an increasing number of tests to be conducted, single packaging is expected to change the market competitiveness in the region. The market is likely to incline toward fragmentation during the forecast period.
- Moreover, with the rising demand for packaged food, the food industry can obtain longer shelf lives through innovative food packaging materials. The packaging protects food from the outside environment, preserving its integrity, hygienic and organoleptic properties, and shelf life. The product's packaging defends it from possible mechanical stresses and external contamination sources. Packaging preserves food between packaging, marketing, and consumption, even in adverse environmental conditions.
- As any change in the packaging industry directly impacts plastic package testing, the plastic package testing market is also facing competition from paper and biodegradable packaging in terms of material. However, plastic is expected to continue growing due to evolutions in biopolymers with bio-based plastics sourced from sustainable resources like agricultural waste rather than petrochemicals.
- Several production facilities are now approaching commercial-level production, having been successfully demonstrated in several packaging segments, including films and carbonated soft drink bottles. These developments are expected to be followed by increasing support from private vendors and the government.
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Food and Beverage is Expected to Witness Significant Growth in the Market
- The demand for online shopping for food and beverages further accelerated due to the recent effects of the pandemic. For instance, according to Korean Statistical Information Service, the transaction value of online food and beverage sales was approximately KRW 6.03 trillion in the first quarter of 2021. Over the years, the transaction value has continuously increased.
- Flexible packaging applications for fruits and vegetables are increasing rapidly, driving the studied market. The demand trends can be attributed to the rising trend of down-gauging, which has supported the shift from rigid to flexible packaging.
- Consumers are looking for conveniently packaged solutions and are becoming more concerned about sustainability. As a result, retailers and manufacturers have been looking to reduce the amount of garbage transported to landfills. Packaging advances range from reducing the quantity of glass used in each bottle to compostable bioplastic.
- Innovations in fresh fruit and vegetable packaging have several core aims, including product protection, shelf life enhancement, and hygiene defense. The COVID-19 pandemic and a reinvigorated e-commerce boom are increasing functional packaging's value. There has also been a need to provide customized packaging solutions that keep different fruits and vegetables fresh.
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