Global Pre-Shipment Inspection Market– Industry Trends and Forecast to 2025

Market Analysis: Global Pre-Shipment Inspection Market

The Global Pre-Shipment Inspection Market is expected to reach USD 17.2 billion by 2025, from USD 11.8 billion in 2017 growing at a CAGR of 6.2 % during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Pre-Shipment Inspection Market

Pre-shipment inspection is defined as a systematic inspection of various goods by using quality control method to verify the quality of goods. It is a security tool, used by the distributor companies or some governments, which checks whether the goods dispatched are in conformity with buyer’s specifications or not. It is an important part of supply chain management. It has various benefits which include reducing risks of receiving poor quality goods by taking corrective action during the production process itself. Even the inspection certificate gets issued to exporters who pass the inspection successfully. It is widely applicable in consumer goods and retail agriculture and food chemicals, construction and infrastructure, industrial and manufacturing, medical devices and life sciences, mining, oil & gas and petroleum and others.

In 2017, SOUTH SUDAN started a pre-shipment verification programme in which the inspection company was Baltic Control (not SGS or such). UN/NGO cargo would be exempted from this programme.

Major Market Drivers and Restraints:

Increasing consumer spending and ongoing rapid urbanization in emerging markets
Growing incidents of product recalls across the world
Alternative water treatment technologies
Pre-shipment inspection – counterproductive for import countries and their traders

Market Segmentation: Global Pre-Shipment Inspection Market

The global pre-shipment inspection market is segmented into type, EXIM, application and geography.
Based on type, the market is segmented into in-house and outsourced.
Based on EXIM, the market is segmented into export goods, import goods.
On the basis of application, the market is classified into consumer goods & retail, agriculture & food, chemicals.
Based on geography, the market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-pacific and, middle east & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, turkey, Russia, china, India, south Korea, japan, Australia, Singapore, Saudi Arabia, south Africa and brazil among others.

Competitive Analysis: Global Pre-Shipment Inspection Market

The global pre-shipment inspection market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pre-shipment inspection market for global, Europe, North America, Asia pacific and South America.

Major Market Competitors/Players: Global Pre-Shipment Inspection Market

Some of the major players operating in the global pre-shipment inspection market are DQS CFS GmbH, CIS Commodity Inspection Service , CIS Commodity Inspection Service, Applus+, TÜV NORD GROUP, Eurofins Scientific, Intertek Group plc DEKRA international, TÜV Rheinland  , UL LLC, Cotecna Inspection SA, SGS SA, Bureau Veritas and among others.

Research Methodology: Global Pre-Shipment Inspection Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Pre-Shipment Inspection Market– Industry Trends and Forecast to 2025