Environmental Testing Market: Global Industry Analysis, Size, Trends, Growth, and Forecast 2019 - 2029
Global Environmental Testing Market: Overview
Environmental testing is about testing various components of the environment for levels of specific pollutants. Be it air, water or soil, to ascertain the usability of a specific region, testing needs to be done for the kind of production it can sustain. Such testing is done in laboratory settings and can be outsourced or done in-house - depending on the size of the industry that requires such services.
Currently, environment is witnessing degradation. The environmental conditions that could be taken for granted for few decades back now can’t. Even something as simple as growing wheat on a piece of land warrants testing for the acidity of soil since the massive use of chemicals worldwide has pervaded the entire ecosystem. Hence, any form of production that depends on nature for resources needs to test for the presence of the right conditions, giving a boost to the environmental testing market, notes TMRR, which further states that is set to create novel growth opportunities over the period of 2019 to 2029.
Global Environmental Testing Market: Competitive Landscape
A number of market players are providing services to the global industry for environmental testing. This makes this market landscape fragmented. Most players are focusing upon improving capacity and infrastructure through expansion and acquisition of smaller facilities.
Some of these service providers are:
Global Environmental Testing Market: Key Trends and Drivers
Global Environmental Testing Market: Regional Analysis
North America and Europe are estimated to be global leaders in the future in the environmental testing market. This can be attributed to the presence of an existing laboratory infrastructure and awareness among the population. The regulations for sustainable development are more stringent in these regions, which further strengthens demand for testing.
The Asia Pacific region (APAC) is expected to grow at the fastest rate in this market given the increasing awareness among people about environmental pollution and a concomitant call for regulations. The industrial sector grew by 12.7% in population hotspots like Bangladesh in 2019.
By targets tested
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