Global packaging Testing Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Packaging Testing Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” ,” the packaging testing market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America dominates the packaging testing market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Increased demand of packaged products due to the growth in FMCG sector and increasing awareness due to unauthorized use of recycled materials. Technical advancement and increase investments in research and development sector by industries helps to drive this market.
However, High cost of stringent package testing process and costing of machineries affects the growth of market.
Countries in Asia Pacific region like China and India sustain growth in the market due to high population, rising income levels and increasing consumer demands of packed products.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global packaging testing market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: SGS SA, Bureau Veritas SA, Intertek Group PLC, Eurofins Scientific SE, ALS Limited, Microbac Laboratories Inc., EMSL Analytical Inc., National Technical Systems, Inc. and OMIC USA Inc.
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