Global pharmaceuticals packaging testing equipment market is projected to register a healthy CAGR of 10.7% in the forecast period of 2019 to 2026.
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Pharmaceutical packaging testing equipment is used for testing packages of pharmaceutical products. The two major components of package testing include; package integrity (leak) testing and seal strength testing. Package testing is the measurement of the characteristic and property that are involved with packaging to check the strength, durability, and shelf life. Package testing includes packaging materials, components, packages, shipping containers, and unit loads as well as the all the process associated with it. Testing equipment measures effects and interactions, contents of package, packaging levels, end use and the external forces of pharmaceutical packages. Global pharmaceuticals packaging testing equipment market is projected to register a healthy CAGR of 10.7% in the forecast period of 2019 to 2026.
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Market Trends: The global pharmaceutical packaging testing equipment market is segmented into two notable segments which are type and end-user.
- On the basis of type, the market is segmented into services and equipment. In 2019, service segment is expected to dominate the global pharmaceutical packaging testing services market segment with 61.07% market share and also growing with the highest CAGR of 11.5% in the forecast period of 2019 to 2026.
- Based on end user, the global pharmaceutical packaging testing equipment market is segmented into pharmaceutical companies, contract research organizations, government organizations, research institutions and testing laboratories. In 2019, the contract research organizations segment is expected to dominate the global pharmaceutical packaging testing services market segment with 35.51% market share and also growing with the highest CAGR of 12.6% in the forecast period of 2019 to 2026.
Major Players: Global Pharmaceutical Packaging Testing Equipment Market
Some of the major players operating in this market are LABTHINK, UNION PARK CAPITAL, WEST PHARMACEUTICAL SERVICES INC., Qualitest International Inc., AMETEK Sensors, Test & Calibration (STC), TEN-E, PTI Packaging Technologies and Inspection, AMRI, Westpak Inc., Eurofins Scientific, Intertek Group plc, Cryopak, SGS, TASI Group, Edwards Analytical, NSF International, Nelson Laboratories, LLC and others.
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