South East Asia Textile TIC Market is expected to grow at a CAGR of 8.7% during the forecast period 2021-2026 and is likely to reach $124.5 million by 2026, from around $85.6 million in 2020. The overall market for TIC is currently in growth phase and is offering good growth potential for the players existing in the market. Rising investment in end use sector with high adoption of TIC services and above average growth from developing nations of APAC region are anticipated to be a key factor that will drive the market for TIC during the forecast period from 2021-2026. Testing is the most common form of conformity assessment. Laboratories conduct tests and develop data regarding the product. This test data is used to determine whether tested samples demonstrate conformity with requirements along with other capabilities. Generally, inspection systems only demonstrate conformity of the actual products inspected or a lot from which the inspected samples are drawn. Inspection is well-suited to product characteristics that can be readily measured and where production occurs in batches. This is primarily utilized in the automotive industry. Certification provides confidence that conformity assessment programs and organizations meet requirements. Certification is generally conducted by third parties. ISO/IEC standards and guides along with similar national standards define the operational requirements for conformity assessment.

Growing focus on industrial automation in order to improve process and plant efficiency companies has resulted in a growing market for textile TIC services. The growing demand for Industry 4.0 which would enhance the automation capabilities in textile manufacturing industry will spur the requirements for regular maintenance and inspection. The increasing cost of labor combined with labor shortages are also set to spur the adoption of automation technology. This has led to companies utilizing advanced TIC services in their plants. The growth of e-commerce has seen a significant shift in supply chain management. The traditional service method was mostly reliant on a standardized service for all customers. The growth of e-commerce across the South East Asian countries has resulted in increased adoption of cost-to-serve model, not just in e-commerce but across end user industry. Thus there has been a greater focus on improving operating standards resulting in rising usage of TIC services, mainly for inspection of textile products before distribution.

The increasing goods in developing nations, increase in product recalls and public awareness, is making more room for strict regulations, which is expanding market for testing, inspection and certification service providers. Globally, every country has national or international import and export regulations, which demand TIC services. National regulations make the TIC services repeatable, but international saves time and money with global accreditation. The U.S. Department of Agriculture, The Food Safety and Inspection Service (FSIS) proposed to amend the egg products inspection regulations by requiring official plants that process egg products to develop and implement Hazard Analysis and Critical Control Point (HACCP) Systems and Sanitation Standard Operating Procedures (Sanitation SOPs) and to meet other sanitation requirements consistent with the meat and poultry regulations. Some countries generally don’t recognize foreign product certificates, even if they are issued in line with international standards. For example, Ukraine follows several international standardization bodies, such as the International Organization for Standardization (ISO), but it, has not recognized foreign product certificates unless recognition is mandated through an international treaty signed by Ukraine. This requires more stringent inspection for good entering this country. Taiwan’s sanitary and phytosanitary (SPS) standards generally differ from those established by international regulatory bodies such as the Office of International Epizootic (OIE) or the Codex Alimentarius.  Sometimes these differences – more specifically, the absence of maximum residue level (MRL) standards for many agricultural chemicals in common use internationally – have resulted in mark disorders and created uncertainty among U.S. exporters and Taiwan importers.

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South East Asia Textile TIC Market Growth Drivers:

Rapid Developments in South East Asia

The improving economy in developing countries such as Indonesia, Singapore and Brunei have led to increased infrastructure and commercial development and growth in textile manufacturing sector; all these factors has supported in the growth of overall textile TIC market. Further, owing to the rise in government initiatives and foreign direct investments, South East Asia region has grown during the recent years. Increased political stability and their growing resource utilization are driving the growth in the region.

The Major Players in this Market Include

SGS group, Corp, Bureau Veritas SA, Intertek Group are analyzed to dominate the market with prominent revenue share in 2020. TUV SUD held the fourth largest share followed by ALS Limited across South East Asia Textile TIC market share in the same year. The pricing for these conformity assessment services varies based on the client requirements thus a range has been provided for the pricing.  The price varies based on the quality and completeness of the submission required as well as amount of clinical data and level of review required.

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