Packaging Testing Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Packaging Testing Equipment Market
The packaging testing equipment market size was valued at USD 3.15 billion in 2020, and the market is now projected to grow from USD 3.33 billion in 2021 to USD 5.11 billion by 2028, exhibiting a CAGR of 6.3% during the forecast period of 2021-2028.
The COVID-19 was declared as pandemic in March 2020 and as a result various countries including India, USA, Germany, and China among others had to embark on lock downs and shut down their economy. They resulted from social distancing necessity and prudent suppliers’ and consumers’ approach which caused severe distortions in global economic performance. Nonetheless, its influence on market outlook has not been significant, especially in some areas the market has been showing slight signs of recovery after being severely struck by the pandemic.
Measures that are being deployed by CPSC in the US, Japan and Germany are foreseen to usher stellar growth in packaged confectionery products globally. It thereby ensures quality packaging in different sectors including the pharma sector and in food and beverages sector. Besides, packaging testing also contributes to decreasing cost and thus increasing the size of packaging industry and gaining improved control over the scale and efficiency.
There is high growth in e-commerce which has put pressure on packaging since the packages need to endure unfavorable treatment during shipping. This trend in turn is opening opportunities for packaging testing equipment manufacturers to grow into broader markets. Manufacturers and traders’ attention is gradually shifting to the creation of tensile strength and drop test equipment, which are critical for FMCs. Hence, there will be an increasing demand for efficient packaging testing equipment soon.
Comprehensive Analysis of Packaging Testing Equipment Market
The packaging testing equipment market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by type analysis, by material analysis, and by end-use analysis. By type analysis include tensile strength, compression, and drop testing equipment. By material analysis include plastic, paper, glass, and metal. By end-use analysis include food & beverage, pharmaceuticals, consumer electronics, transport & logistics, and others, including personal care products and others.
The North America region lead the packaging testing equipment market share by benefitting a market size of USD 1.18 billion in 2020 due to growing demand for testing equipment across the region.
The top players have a significant responsibility in the machinery and equipment industry for confirming industrial prospectus growth and determining the market trends. These players include, Krones AG, Presto Group, Qualitest International Inc., L.A.B. Equipment Inc., Marchesini Group S.p.A., Coesia S.p.A., AMETEK Inc., FUJI MACHINERY CO., LTD., PackTest Machines Inc., Amade-Tech, HexaPlast these market players provide a level-playing competitive landscape.
In October 2021, PTIUSA launched the VeriPac LPX, an in-line automated package leak detection solution with a dynamic robotic design tailored to meet specific production requirements, at Interphex.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Billion)
Segmentation
Type; Aircraft Type; Application, End Use, and Geography
By Type
Butterfly Valve
Ball Valve
Rotary Valve
Gate Valve
Others
By Aircraft Type
Commercial Aircraft
General Aviation Aircraft
Business Aircraft
Military Aircraft
Helicopters
By Application
Fuel System
Hydraulic System
Pneumatic System
Lubrication System
Others
By End-Use
OEM
Aftermarket
By Geography
North America (By Type, Aircraft Type, Application, End-Use, and Country)
- U.S. (Aircraft Type)
- Canada (Aircraft Type)
Europe (By Type, Aircraft Type, Application, End-Use and Country)
- U.K. (Aircraft Type)
- Germany (Aircraft Type)
- France (Aircraft Type)
- Rest of Europe (Aircraft Type)
Asia Pacific (By Type, Aircraft Type, Application, End-Use and Country)
- China (Aircraft Type)
- India (Aircraft Type)
- Japan (Aircraft Type)
- Rest of Asia Pacific (Aircraft Type)
Rest of the World (By Type, Aircraft Type, Application, End-Use and Sub-Region)
- The Middle East & Africa (Aircraft Type)
- Latin America (Aircraft Type)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.