SGS S.A. (Switzerland) and Intertek Group Plc. (U.K.) are the Leading Player in the Packaging Testing Market
The packaging testing market is projected to reach USD 14.64 Billion by 2022, at a CAGR of 12.0% from 2017. This market is driven by the increasing demand for products with a longer shelf-life under various conditions. In the food industry, the primary focus is to reduce food loss, maintain the quality of the product, and increase the shelf-life of the product. It is estimated that half of the global food spoilage occurs due to unfavorable storage conditions. These unfavorable storage conditions can be managed with effective packaging means. Growing demand for packaged products contributes significantly to the growth of the packaging testing market.
The key market players adopted strategies such as expansions & investments, acquisitions, new service & technology launches, agreements, collaborations, and partnerships to meet the growing demand for packaging testing.
SGS S.A. (Switzerland), Bureau Veritas SA (France), Intertek Group Plc. (U.K.), Eurofins Scientific SE (Luxembourg), and TÜV SÜD AG (Germany) are the major players in this market. Other active players in the industry include ALS Limited (Australia), Mérieux NutriSciences Corporation (U.S.), Microbac Laboratories, Inc. (U.S.), EMSL Analytical Inc. (U.S.), Campden BRI (U.K.), Institut fur Produktqualitat GmbH (Germany), and OMIC USA Inc. (U.S.).
SGS S.A. (Switzerland) is one of the leading packaging testing service providers, owing to its strong global presence and service offerings. The company focused on increasing its geographic presence through acquisitions and expansions to meet the market demand between 2012 and 2017. In March 2017, SGS, in Brookings, South Dakota, moved into a new state-of-the-art facility with 30% more space to offer all its services under one roof. At this site, SGS focuses on expanded offerings with quality by including an upgraded planting line, improved sample grinding and disposal equipment, new analytical equipment including LC/MSMS 6500+, and expanded food testing capabilities. In September 2016, SGS launched an accredited analytical method to identify and prevent mineral oil hydrocarbon (MOH) migration from packaging to the product. MOSH and MOAH migrate into the foodstuffs from the mineral oils that are used as adhesives and printing inks as well as during packaging manufacture.
Intertek Group Plc. (U.K.) is another leading player in the market due to its wide range of packaging testing services. It provides various quality assurance services, including auditing, certification, consulting, inspection, sourcing, testing & analysis, and training for various industries. It has adopted expansions and acquisitions as key strategies to increase its geographic network. In May 2016, Intertek announced its collaboration with China Quality Certification Center (CQC), thereby formalizing its cooperation in national certifications, such as China Compulsory Product Certification (CCC) as well as international certifications.
Related Reports:
Packaging Testing Market by Type (Physical, Chemical, Microbiological), Material (Glass, Plastic, Paper, Metals), Technology (Physical tests, Spectroscopy & Photometric-based, Chromatography-based), Industry, and Region - Global Forecast to 2022
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