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Reports
The rapid expansion of the e-commerce industry is prognosticated to fuel growth opportunities in the global package testing services market during the forecast period of 2021 to 2031. Some of the key package tests available in the market include drop and impact, vibration, package integrity testing, packaging material testing, compression, thermal and climatic, shock and fragility, adhesive testing, child resistant testing, and sustainability testing.
An upcoming assessment by Transparency Market Research (TMR) provides detailed analysis of major factors influencing the growth trajectory of the global package testing services market. Thus, the package testing services market survey delivers in-depth assessment of the growth drivers, growth restraints, historical and present trends in the market. Moreover, the research report on the package testing services industry provides reliable statistics on the share, production, volume, revenues, and sales of package testing services. This aside, it sheds light on R&Ds, challenges, threats, and recent developments in the package testing services market.
In the TMR study, data and analysis on the global package testing services market is presented in the form of varied segments. The key basis of the segmentation is several parameters including package tests, testing standards, packaging type, end-use industry, and region. In terms of testing standards, the market is classified into ASTM (American society for testing and materials) Tests, ISTA (international safe transit association) tests, WHO tests, TAPPI (technical association of the pulp and paper industry) Tests, and others.
With the expansion of the e-commerce industry, there has been a surge in the need for improved packing materials in order to deliver goods undamaged and safely. Companies in the e-commerce industry are focusing on addressing the issues pertaining to consumer complains about receiving defective goods. Hence, they are seen adopting secure and safe packaging options in order to minimize such incidences figures. Such factors are expected to generate notable growth prospects in the packaging testing services market during the forecast period.
Packaging testing services are being increasingly utilized in varied end-user industries that need in-depth packaging, including the healthcare, food, beverage, cosmetics, and personal care industry. Hence, rise in the adoption of these services in these industries is fueling the growth prospects in the global packaging testing services market, note analysts of a TMR study.
The global package testing services market is fairly fragmented in nature. The presence of many players makes the competition levels in the market for package testing services highly intense. Hence, companies are executing diverse strategies such as joint ventures, mergers, acquisitions, collaborations, and partnerships in order to maintain their leading position in the market. This aside, players are focusing on the development of improved services in order to attract new customer base. Such initiatives are prognosticated to drive the growth avenues in the global package testing services market during the forecast period.
The list of key players in the global package testing services market includes:
Companies in the package testing services market are prognosticated to gain sizable business opportunities in the Asia Pacific region during the forecast period. The growth of the Asia Pacific market is ascribed to many factors including the presence of well-established packaging industry in the region. Moreover, the existence of several emerging economies such as China and India is creating lucrative opportunities in the Asia Pacific market.
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Package Testing Services Market
