Environmental testing market is projected to reach USD 12.75 billion by 2022 from USD 9.03 billion in 2017, at a CAGR of 7.1%.
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The key players in the Environmental Testing Market include – SGS (Switzerland), Eurofins (Luxembourg), Intertek (UK), Bureau Veritas (France), ALS (Australia), Mérieux (US), Microbac Laboratories (US), R J Hill Laboratories (New Zealand), Symbio Laboratories (Australia), Alex Stewart (UK).
North America was the largest environmental testing market in 2016. Several environment-governing organizations are present in the market and have enforced various environment protection policies.
The North American environmental testing market addresses various environmental issues such as climate change, acid rain reduction, and greenhouse gas emissions.
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The market in the Asia Pacific region is projected to be the fastest from 2017 to 2022 and is driven by infrastructure development such as construction and energy-related projects, growing awareness regarding environmental pollution and sustainable transformation of environmental policies.
o Reagent manufacturers & suppliers
o Diagnostic instrument & kit manufacturers/suppliers
- R&D institutes & laboratories
- Environmental testing service providers, third-party testing & certification laboratories
- Regulatory bodies
o Organizations such as the Environmental Protection Agency (EPA), U.S. Department of Agriculture (USDA), Council on Environmental Quality (CEQ), and EUROPA
o Government agencies and NGOs
- Importers & exporters, traders, distributors, environmental testing kits, equipment, reagents, chemicals, and other related consumables
- End users
o Agriculture & irrigation sector
o Government institutes and R&D laboratories
o Industrial product manufacturers
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Wastewater/effluent testing was the largest segment in 2016. Growing environmental concerns related to waste disposal & treatment and regulations on wastewater/effluent disposal are reasons for its dominance.
The water segment is projected to grow at the highest CAGR during the forecast period due to the increase in health standards, demand for clean water, and shortage in water supply.
The environmental testing market, by contaminant, was dominated by the organic compounds segment which is also projected to grow at the highest CAGR during the forecast period owing to its high level of emissions and sustained growth in consumption, mainly of hydrocarbons. The risk of health problems is most likely to increase by breathing low levels of organic compounds for prolonged periods of time.
Exposure to organic compounds is also known to cause serious illnesses in humans such as cancer, kidney damage, and lung damage.
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The report analyzes the environmental testing market across different contaminants and regions. It aims at estimating the market size and future growth potential of this market across different segments such as sample, contaminant, technology, and region.
Further, the report also includes in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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