The environmental testing market refers to the industry involved in testing various environmental parameters such as air, water, soil, and other samples to assess their quality and detect the presence of contaminants, pollutants, or other harmful substances. This market is driven by regulatory requirements, increased awareness of environmental issues, and the need to ensure public health and safety. With an 8.1% CAGR from 2022 to 2027, the global environmental testing market size is expected to be worth $9.4 billion in 2022 and more than $13.9 billion by the end of 2027.
Key factors driving the growth of the environmental testing market growth include:
- Regulatory Compliance: Governments and regulatory bodies worldwide impose strict regulations on environmental protection and pollution control. Industries are required to comply with these regulations, necessitating regular environmental testing to ensure adherence to standards.
- Growing Awareness: Increasing public awareness about environmental issues such as pollution, climate change, and health risks associated with contaminated air and water drives the demand for environmental testing services.
- Industrialization and Urbanization: Rapid industrialization and urban expansion lead to increased pollution levels and environmental degradation, fueling the need for environmental testing to monitor and mitigate the impact of industrial activities on the environment.
- Technological Advancements: Advances in analytical technologies and instrumentation enhance the accuracy, sensitivity, and efficiency of environmental testing methods, driving market growth.
- Emerging Contaminants: The discovery of new contaminants and pollutants, such as microplastics, pharmaceutical residues, and emerging chemicals, creates new challenges for environmental monitoring and testing, thereby expanding the market.
- Globalization of Trade: International trade and commerce necessitate compliance with environmental regulations and standards across borders, driving the demand for environmental testing services to ensure product safety and regulatory compliance.
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North America was the dominating region for the environmental testing market during the forecast period.
The number of testing laboratories has doubled in the major regions of North America. And Various environmental governing organizations in the US have been driving the growth of the environmental testing market through implementing various environmental protection policies, with numerous initiatives by the authoritative bodies in North American countries are some the key factors dominating the market.
Top Environmental Testing Companies
The key players in this market SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS (Australia), TÜV SÜD (Germany), AsureQuality (New Zealand), Mérieux NutriSciences (France), Microbac Laboratories, Inc. (US), Envirolab Services Pty Ltd (Australia), R J Hill Laboratories Limited (New Zealand), Symbio Laboratories (Australia), Alex Stewart International (UK), EMSL Analytical, Inc. (US), and F.B.A. Laboratories Ltd (Ireland). These players in this market are focusing on increasing their presence through expansion and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have infrastructure facilities along with strong laboratory networks across these regions.
Water is the fastest-growing sample segment for organic contaminants during the forecast period of the environmental testing market.
Organic contaminants in wastewater include dye, humic substances, phenolic compounds, petroleum, surfactants, pesticides, and medicines. Organic pollutants in water can cause toxic chemicals, this could result in major health consequences for individuals who drink water from various water sources. As a result, the government has been extremely strict in terms of drinking water. Thus, the water sample testing segment growing faster for organic compounds.
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Immunoassay is the dominating technology type in rapid testing, with the highest CAGR value in the environmental testing industry.
Rapid testing of immunoassay tests is faster, more sensitive, and require less sample. Hence, conventional Immunoassay -based tests are being dominated by new technology. As a result, industries have been opting for rapid technology for immunoassay.
