Market Share of Package Testing Industry
The packaging testing market is semi-consolidated as the firm concentration ratio is moderate, and consolidation is expected over the next few years. The competitive rivalry is expected to increase further. The presence of longstanding companies in the market studied, such as Intertek Group PLC, Eurofins Scientific SE, SGS SA, and Bureau Veritas SA, is expected to maintain their market dominance by offering innovative package testing solutions services to intensify the market competition.
- September 2023: Eurofins Medical Device Testing launched a new Package Testing Lab. The operation started operations in Finland in 2023. Eurofins Medical Device Testing is a network of laboratories providing scientific services to ensure optimized product launch and lifecycle management.
- August 2023: SGS opens a new microbiological testing laboratory in Centurion. This increases food safety testing capabilities in South Africa, complementing the services provided by SGS’s existing agriculture and food laboratory (AFL) in Maitland, Cape Town.
Package Testing Market Leaders
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Intertek Group PLC
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Eurofins Scientific SE
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SGS SA
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Bureau Veritas SA
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TÜV SÜD AG
*Disclaimer: Major Players sorted in no particular order
