Environmental Testing Market by Sample, Technology, Target Tested, End-user, and Region - Global Forecast to 2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Environmental Testing Market by Sample (Wastewater/Effluents, Soil, Water, Air), Technology (Rapid, Conventional),Target Tested (Microbial Contamination, Organic Compounds, Heavy Metals, Residues, Solids), End User, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The environmental testing market is estimated to be valued at USD 8,298.5 million in 2020 and is projected to reach USD 12,111.3 million by 2025 at a CAGR of 7.9%.

The environmental testing market Is projected to grow at a CAGR of 7.9% during the forecast period.

Factors such as the growth of environmental concern among consumers and impositions of laws regarding environmental concerns are going to be the driving factor for the environmental testing market. Especially post-COVID, the concern for safety and hygiene of products has been increased among both the consumers and manufacturers, which is creating a rise in the demand for environmental testing in the market.

By technology, rapid technology is projected to grow at the highest CAGR during the forecast period.

The rapid type of technology is the most-effective option as compared to the conventional one. This technology includes various kits, spectrometry, chromatography, PCR, immunoassay, near-infrared (NIR) technology. These tests produce results quite rapidly as compared to conventional methods, which takes a longer time

By sample, the wastewater/effluent segment is estimated to account for the largest share.

With the increase in the demand for clean water and waste treatment, the demand for testing of effluents is on the rise. The recycling of wastewater to meet the increasing demand of the rising population calls for testing of safe water to consume. Therefore, this segment is dominating.

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period.

The increase in the demand for certification and testing in the region is one of the major factors for the growth of the environmental testing market. Growth in demand for the development of waste infrastructure, government initiatives to improve environmental performance, and government subsidies and tax structure are the primary factors driving the environmental industry in the Asia Pacific region.

The environmental testings market is segmented region-wise, with a detailed analysis of each region. These regions include Asia Pacific, North America, Europe, South America, and RoW (South Africa, the Middle East, and Others in Africa).

Market Dynamics

Drivers

• Increase in the Stringency in Regulations Related to Environmental Protection
• Stringent Environmental Regulations Pertaining to Cleaner Fuels to Fuel Air Testing Demand
• Growing need for Cost-Saving and Time-Effective Customized Testing Services
• Active Participation of Government and Regulatory Bodies to Monitor Environmental Conditions
• Privatization of Environmental Testing Services
• Rising Awareness About Environmental Pollution

Restraints

• High Capital Investment for Accurate and Sensitive Analytical Testing
• High Cost of Products

Opportunities

• Increase in Industrial Activities in Emerging Markets
• Introduction of Innovative Technologies
• Growing Industrialization and Rapid Urbanization Fuel the Demand for Environmental Testing
• Increasing Awareness About Water Safety
• Development of Environmental-Friendly Industries
• Integration of Technologies Through Mergers, Acquisitions, and Partnerships

Challenges

• Lack of Basic Supporting Infrastructure

Companies Profiled

• SGS
• Eurofins
• Intertek
• Bureau Veritas
• ALS
• Tuv Sud
• Asurequality
• Merieux
• Microbac
• R J Hill
• Symbio Laboratories
• Alex Stewart International
• Emsl Analytical, Inc.
• Hydrologic Associates
• Environmental Testing, Inc.
• Advanced Analytical Testing & Research Laboratories
• American Environmental Testing Laboratory, Llc
• Pace Analytical
• Analab Corporation

For more information about this report visit https://www.researchandmarkets.com/r/m0dour