The Latin America package testing market is estimated to grow at a CAGR of 15.41% during the period 2017 - 2022. This growth is attributed to the overall growth in the packaging industry in this region.
Plastic is the most widely used packaging material with more than half of the current market share followed by paper. Metal and glass are also widely used and tests are designed to check the packages durability, integrity, strength, shelf life and resistance to environmental factors. The integrity of a package is tested by performing various tests on it, drop, vibration and shock tests are the major ones which are mandated by the standards institutions like ASTM and ISTA. These standards are universally followed and are quite stringent in nature.
Package testing companies test different packaging products by doing several tests on products like drop test, shock test, vibration test, shelf life testing to name a few. Only when a package passes through these tests, it is allowed to be shipped or used for commercial use.
The major problem with the Latin American market is the striking socio-economic differences. The regions close to the urban areas have high GDP per capita which is very much different from the other regions. Also, Brazil, Mexico and Argentina are the major driving forces of the region and the other countries are still not the major drivers in terms of economy and FDI. With this region getting a lot of investment and support from countries like the USA, the economic situation will improve and create more economic hubs across the region.
The report provides a comprehensive analysis of the market segmented on the basis of packaging material used and the end-user industry. Detailed estimates for the next five years are included along with the analysis of the major players and their strategies. Some of the major companies in package testing are DDL, Intertek, SGS, CSZ Testing Services Laboratories, CRYOPAK, Advance Packaging, Nefab, National Technical Systems, Turner Packaging and Caskadetek.
Rigorous control regulations and administration and qualification demand
Demand for longer shelf life of the products under varying conditions
High costs associated with package testing
Reasons to Buy this Report
The report gives complete market insights, the driving forces of the market, the challenges market faces, and overview of different packaging testing technologies and their applications.
It gives market trends of the type of package testing technology.
The report also gives information on major enterprises providing package testing services, their existing share in the market, strategies they adopt along with the major testing services, financials, recent developments and profile of these vendors.
Who should be interested in this report?
Vendors who are into testing of different packaging products as they can get an overview of what competitors are doing and also which markets they can look forward to expanding their operations.
Manufacturers in need of better understanding of different testing methods and companies which are providing such services.
Investors who are willing to invest in this market.
Consultants who can have readymade analysis to guide their clients.
Anyone who wants to know about this industry.
1.1 Key Findings
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Market Overview
3.2 Factors Driving the Market
3.2.1 Rigorous Control Regulations, Administration and Qualification Demands
3.2.2 Demand for Longer Shelf-Life of the Products under Varying Conditions
3.3 Factors Restraining the Market
3.3.1 High Costs Associated with Package Testing
3.4 Industry Value-Chain Analysis
3.5 Industry Attractiveness – Porter’s Five Forces Analysis
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Consumers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitute Products or Services
3.5.5 Competitive Rivalry among Existing Competitors
3.6 Industry Policies
3.6.1 ASTM Standards
3.6.2 ISO Standards
3.6.3 ISTA Standards
4. Technology Overview
4.1 Technology Snapshot
4.2 Industry Applications
5. Global Package Testing Market Share –By Material type-- USD billion – (2017-2022)
6. Global Package Testing Market Share –By type of tests-- USD billion – (2017-2022)
6.1 Drop Tests
6.2 Vibration Tests
6.3 Shock Tests
6.4 Temperature Testing
6.5 Atmospheric Pressure Testing
6.6 Shelf-Life Testing
6.7 Compression Testing
7. Global Package Testing Market Share –By Region-- USD billion – (2017-2022)
7.1 Latin America
8. Vendor Market Share Analysis
9. Company Profiles
9.1 DDL Inc.
9.2 Intertek Group plc
9.3 SGS SA
9.4 CSZ Testing Services Laboratories
9.6 Advance Packaging Corporation
9.7 Nefab Group
9.8 National Technical Systems Inc.
9.9 Turner Packaging Ltd.
9.10 Cascade Tek
10. Future of Package Testing Market