Market Size of Package Testing Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 13.96 Billion |
| Market Size (2029) | USD 23.34 Billion |
| CAGR (2024 - 2029) | 10.82 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Package Testing Market Analysis
The Package Testing Market size is estimated at USD 13.96 billion in 2024, and is expected to reach USD 23.34 billion by 2029, growing at a CAGR of 10.82% during the forecast period (2024-2029).
Package testing plays a prominent role in almost every supply chain. Package testing ensures the business's packaging meets specifications and avoids costly product damage, legal situations, and poor user experiences. Package testing identifies opportunities in several areas, such as savings on packaging costs, the performance of packaging materials in realistic environmental conditions and transportation scenarios, quality control insights, and scalability of packaging. It also includes compliance issues like certifications, specifications, and regulations.
- Globalization increased owing to trade liberalization, improvements in transport infrastructure and communication technologies, and the growth of multinational companies in the food retail sector. It boosted international trade in perishable foods like dairy, fruits, and vegetables.
- It made package testing even more important, as damaged products increase costs for retailers and manufacturers and lead to customer dissatisfaction. The reliability of the package is tested by performing numerous tests, such as drop, vibration, and shock tests, directed by standard institutions, such as the American Society for Testing and Materials (ASTM) and the International Seed Testing Association (ISTA).
- However, the costs associated with packaging testing are quite high, making it harder for small-scale manufacturers and industries to invest in this process, thereby hindering the growth of this market.
- Moreover, the COVID-19 outbreak positively impacted the market studied. The COVID-19 outbreak increased demand for packaging testing services because partial or complete lockdowns implemented nationwide forced end users to use parcel services. It necessitated proper packaging. The pharmaceutical industry grew dramatically since its peak during the COVID-19 pandemic. This vertical is driven by ongoing medical advancements, which is familiar. Further, the Russia-Ukraine war includes an impact on the overall packaging ecosystem.
