Testing, Inspection, and Certification Market in Consumer Goods and Retail Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2024 - 2029)

Consumer Goods & Retail Industry Testing, Inspection, & Certification Industry Overview

The testing, inspection, and certification market in the consumer goods and retail industry is competitive in nature. Some of the significant players in the market are Intertek Group PLC, SGS SA, Bureau Veritas, TUV SUD, Eurofins Scientific SE, Dekra Certification GmbH, and many more.

• June 2022: Bureau Veritas acquired an advanced testing laboratory (ATL). The company is expanding its footprint in consumer products and consumer healthcare markets. ATL's services span the entire product life cycle, including product performance, product safety, quality assurance, and regulatory compliance. In line with the 2025 Strategy, Bureau veritas is accelerating the diversification of the Consumer Products Services division into new markets and service models. ATL's strong expertise in on-site scientific sourcing solutions and lab-based services is expected to contribute to the expansion of BV's footprint in North America.
• November 2021: Eurofins announced the acquisition of Modern Testing Services (MTS), which is a full-service safety and quality services provider for the consumer product industry. The initiative was an integral component of its worldwide strategic expansion plan for Eurofins Softlines & Leather - Toys & Hardlines (Eurofins S&L-T&H), a sub-IBL within Eurofins Consumer Product Testing. The acquisition is expected to further accelerate the pursuit of the Eurofins Consumer Product Testing goal of becoming a key player in the TIC industry for the consumer products industry.