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Environmental Testing Market Projected to Garner Significant Revenues by 2025

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Environmental Testing Market Projected to Garner Significant Revenues by 2025

April 19
17:15 2021
 Environmental Testing Market Projected to Garner Significant Revenues by 2025

MarketsandMarkets™
The global environmental testing market size is estimated to be valued at USD 8.3 billion in 2020 and is projected to reach USD 12.1 billion by 2025, recording a CAGR of 7.9%

According to MarketsandMarkets, the global environmental testing market size is estimated to be valued at USD 8.3 billion in 2020 and projected to reach USD 12.1 billion by 2025, recording a CAGR of 7.9%. The growing demand for testing and certification among industries is expected to drive the market. The North American segment is poised to dominate the market due to its technical adaptability and presence of major players in the area, whereas the Asia Pacific region is projected to be the fastest-growing, owing to the larger demand for the services due to more stringent laws in the region.

Environmental Testing Market

Driver: Increase in the stringency in regulations related to environmental protection

Environmental regulations have had enormous benefits in terms of lives saved and illnesses averted, especially through reductions in airborne particulates. Environmental regulations have greatly improved air and water quality, especially in areas that were dirtiest before the regulation. Regulations and legislations set forth by government organizations have triggered the testing, inspection, and certification of environmental samples tested by the government and manufacturing companies. Regulatory bodies have introduced guidelines for regulating the inspection, sampling, and testing services of environmental samples to detect the presence of pollutants and contaminants. These bodies have introduced various programs to generate awareness and set testing specifications to ensure the safety of the environment and reduce the health risks associated with a polluted environment.

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Restraints: High capital investment for accurate and sensitive analytical testing

High costs and extensive sample preparation require laboratory analysts to use advanced testing technologies. A wide range of existing testing methods and the introduction of advanced technologies to conduct testing of environmental samples have resulted in an effective change in environmental testing. Liquid chromatography, high-performance liquid chromatography, and spectrometry are the advanced technologies that are used for environmental testing. Technologies are sensitive, accurate, and efficient. However, the mentioned technologies have a high cost of the equipment, extensive sample preparation, and calibration issues, which are a restraint to market growth. Most of the analytical methods are suitable for only certain samples such as soil, water, and effluent, while other methods are used for testing air samples. However, the cost of these tests is very high, which significantly leads to the need for higher capital investments, which, in turn, is the hindering factor for market growth.

By technology type, the rapid segment is projected to account for the largest share in the environmental testing market during the forecast period

Rapid testing methods are gaining popularity because they are easy to use and carry. With the increase in in-house testing of resources, the market for rapid technology is expected to grow. They are easy to transport from one place to another and are compact and hassle-free. They also give results in lesser time. There is a rise in the in-house audit, which is expecting to drive the market for rapid environmental testing methods.

By sample, wastewater/effluent is projected to account for the largest share in the environmental testing market during the forecast period

With the increase in the population, the demand for clean drinking water and water for agricultural and irrigation purposes has been increased. To meet such requirements, the recycling of water has also been done. Therefore, the need for quality checks and testing of recycled sewage water is necessary to analyze whether it is fit for drinking and agricultural use. The environmental testing companies provide many such solutions to the government plants and private owners to analyze and certify the effluent treatment plants.

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The North America region dominated the environmental testing market with the largest share in 2019, whereas Asia Pacific is expected to witness the highest growth rate.

The environmental testing market in North America is estimated to be dominant due to the increasing demand of testing and certification. The market in North America is driven toward technological innovation in environmental testing. The use of performance-based testing methods and the introduction of new technologies are expected to accelerate the growth of the environmental testing market. The extended presence of key players operating in the environmental testing market in North America is one of the factors boosting the environmental testing services in the region.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as SGS SA (Switzerland), Eurofins (Luxembourg), Intertek (UK), Bureau Veritas (France), ALS (Australia), TÜV SÜD (Germany), Asure Quality (New Zealand), Merieux (US), Microbac (US), R J Hill Laboratories (New Zealand), Symbio (Australia), Alex Stewart (UK), EMSL Analytical Services (US), Hydrologic Associates (US), Environmental Testing, Inc. (US), Alpha analytical (US ), Advanced Environmental Testing (US ), American Environmental Testing Lab (US), Pace Analytical (US), and AnaLabs (US).

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