The global environmental testing market size was worth around USD 8,218.50 million in 2021 and is estimated to grow to about USD 12,825.86 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.7 percent over the forecast period.
Industry Prospective:
The global environmental testing market was worth around USD 8,218.50 million in 2021 and is estimated to grow to about USD 12,825.86 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.7 percent over the forecast period.
The report analyzes the Environmental Testing market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Environmental Testing market.
Environmental Testing Market: Overview
Environmental Testing enables testing the levels of contamination in the natural environment to study its impact on nature and living beings. Demand for environmental testing has exponentially risen over the past few years as the focus on environment conservation has increased due to changing climatic conditions and increasing focus on sustainability.
Stringent mandates are being implemented across the world regarding environmental conservation and this is expected to be a major factor boosting environmental testing market growth through 2028. Increasing deployment of environmental testing services by industries to maintain compliance is also expected to boost environmental testing market potential in the long run.
However, high costs for environmental testing services are expected to be a major factor restraining the environmental testing market growth over the forecast period.
COVID-19 Impact:
The pandemic of 2020 had an adverse impact on the Environmental Testing market as the world was dealing with the unprecedented onset of a global pandemic. Lockdown restrictions were imposed across the world to contain the spread of coronavirus infections and this led to a very limited outdoor activity and hence resulted in a drop in environmental testing across the world.
The closure of multiple industries also led to a drop in demand for environmental testing services and solutions in the pandemic era. The negative trend of the market is expected to diminish as the pandemic subsides and the world returns to normal and governments across the world bolster their focus on saving the environment to avoid the climatic emergency that is worsening with every passing day.
Environmental Testing Market: Growth Drivers
Rising Stringent Mandates from Governments Across the World.
The world has seen some major changes in the environment over recent years and the deterioration of the environment has led to some major actions being taken across the world. Governments across the world are imposing new regulations to control environmental pollution and conserve the environment. These stringent mandates are propelling the demand for environmental testing services and solutions in industries and other applications across multiple industry verticals.
Environmental Testing Market: Restraints
High Costs of Environmental testing to Hinder Market Growth
Environmental Testing can incur huge costs as sample preparation can require a full-blown laboratory setup and this could be a major expenditure for many companies this could act as a major restraining factor for the environmental testing market growth in the long run. The requirement of advanced instruments and equipment which is costly is also a major factor that would hamper environmental testing market potential over the forecast period.
Global Environmental Testing Market: Segmentation
The global Environmental Testing market is segregated based on sample, technology, targets tested, end user, and region.
By technology, the market is divided into Conventional, Rapid, Kits, Spectrometry, Chromatography, PCR, Immunoassay, and Near- Infrared (NIR) technology. The rapid segment is anticipated to hold a dominant market share in the global Environmental Testing market. Hass free nature of these test kits and easy to use and transport nature are major factors propelling the growth of this segment through 2028.
By sample, the Environmental Testing market is segmented into Wastewater/effluent, Soil, Water, Air, and Others (building material, chemicals, and fuel/oil testing). The wastewater/effluent segment is expected to hold a major market share through the forecast period owing to a rising instance of pollution across the world.
Report Scope:
Recent Developments
Regional Landscape
The market for Environmental Testing in North America will be a leading one in the global landscape over the forecast period owing to increasing investments in environmental conservation. Increasing strict mandates from governments in this region are also expected to positively influence the environmental testing market potential over the forecast period. The presence of an effective technological infrastructure facilitates the growth of the environmental testing market in this region. Increasing focus on regulating environmental safety will also further bolster market potential through 2028.
Increasing industrial activity in the Asia Pacific region will also boost the environmental testing market growth in this region and rising strict norms for safeguarding the environment in this region are also expected to help market growth.
Competitive Landscape
Some of the main competitors dominating the global Environmental Testing market include – 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), AnaLabs (US).
Global Environmental Testing market is segmented as follows:
By Technology
By Sample
By Targets Tested
By End user
By Region
FrequentlyAsked Questions
Increasing focus on sustainability, stringent government regulations and increasing industrialization are some major trends that guide Environmental Testing market growth.
According to the Zion Market Research report, the global Environmental Testing market was worth about US$ 8,218.50 million in 2021 and is predicted to grow to around US$ 12,825.86 million by 2028, with a compound annual growth rate (CAGR) of around 7.7 percent.
The market for Environmental Testing in North America will be a leading one in the global landscape over the forecast period owing to increasing investments in environmental conservation.
Some of the main competitors dominating the global Environmental Testing market include -- 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), AnaLabs (US).
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