Global packaging testing market worth $14.64 billion by 2022

According to a report by MarketsandMarkets (M&M), the global packaging testing market is projected to reach USD 14.64 Billion by 2022, at a CAGR of 12.0% from 2017. The market is driven by factors such as an increase in the requirement for a longer shelf-life of products, increase in product recalls due to stringent regulations, increased demand for packaged products due to the growth of the FMCG industry, and increasing awareness due to unauthorized use of recycled materials. The paper & paperboard segment projected to grow at the highest CAGR, by material type. The spectroscopy & photometric-based segment projected to grow at the highest CAGR, by technology (Press Release M&M, 24 July 2017).
Click here for the press release.
Click here for more information about the report.

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