Asia Pacific Package Testing Market - By Primary Packaging Material, Packaging Services, Countries And Vendors - Forecasts, Trends And Shares (2014- 2019)
LONDON, Oct. 22, 2014 /PRNewswire/ -- This region is home to more than half of the human beings in the world. The region has a steady economic growth. The GDP growth for 2014-2015 is forecasted to be more than 5% which is helped by growth in economies, robust credit growth and good labour markets.
China, India and Japan are the leading exporters of goods to various parts of the world. China exported more than $2 trillion worth of goods around the world. This push of goods around the world from all the countries in this region helps the flexible packaging industry grow at a rapid pace. The exports vary from industrial goods to homecare to stationary etc. We need packaging for all these markets and should maintain international standards. All types of packaging needs to be tested to ensure that the package remains safe during the transportation. The packaging testing market will ensure that the packaging is up to the international standards.
Consumers are now more informative than before. They are now demanding products which have better shelf life, meets regulations and norms set by different government agencies and have been procured ethically. Packaging and labelling helps increases consumer's confidence in the product and increases the brand value of the company.
A business is no more entirely dependent on a country or a region. Deals are being signed across the continents and products are being sold in different regions. For such products to be transported and meet the requirements for sales, it is necessary packaging is robust and follows certain parameters set by different agencies. 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. When a package passes through these tests, then only it is allowed to be shipped or used for commercial use.
There are various concerns for the region like inflation problems, inadequate supply chains, restrictions by the governments, uncertain consumer behaviour and fierce completion from domestic retailers.
These problems can be allayed by the fact that the governments in this region are opening the markets to companies from abroad. Policies are being changed by the governments to attract more investment. Also they are implementing new projects to help the infrastructure to support the supply chain.
This will help the packaging testing market because if there are more sales of products in the market, there will be an increase in the need for packaging and maintaining international standards.
The market for package testing is still in growth stage. Though there are companies which have their own testing labs, but still there are enterprises which provide package testing services. 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.
Reasons to buy this report
1) 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
2) It gives market trends of type of package testing technology
3) A complete market breakdown has been done by different countries to give a detailed picture of the market in that particular region
4) The report also gives information of 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?
1) 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 expand their operations
2) Manufactures in need of better understanding of different testing methods and companies which are providing such services
3) Investors who are willing to invest in this market
4) Consultants who can have readymade analysis to guide their clients
5) Anyone who wants to know about this industry
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/asia-pacific-package-testing-market--by-primary-packaging-material-packaging-services-countries-and-vendors--forecasts-trends-and-shares-2014--2019-691606516.html
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