Environmental Testing Market: Global Industry Analysis, Size, Trends, Growth, and Forecast 2019 - 2029
Environmental Testing Market: Global Industry Analysis, Size, Trends, Growth, and Forecast 2019 - 2029
Report Digest
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:
- SGS SA
- Eurofins
- Intertek
- Bureau Veritas
- ALS
- TÜV SÜD
- Asure Quality
- Merieux
- Microbac
- R J Hill Laboratories
- Symbio
- Alex Stewart
- EMSL Analytical Services
- Hydrologic Associates
- Environmental Testing, Inc.
- Alpha analytical
- Advanced Environmental Testing
- American Environmental Testing Lab
- Pace Analytical
- AnaLabs
Global Environmental Testing Market: Key Trends and Drivers
- A major driver for the environmental testing market is the need to curb air pollution. Fossil fuel usage has increased 8 fold since 1950, resulting in an increased amount of particulate matter going into the environment. This made air pollution the cause of death in 10% of global deaths in 2017, and this number is rising. As regional pollution rises, air quality testing is being demanded in many areas of residence. This should be a steady growth factor for the environmental testing market.
- Chemical seepage into every component of our environment is affecting human quality of life directly or indirectly. Governments globally are recognizing this and are making regional regulations to curb pollution. The testing of the environment is an important part of this to discourage local pollution. As citizens become aware and protective of their surroundings, regulations and testing are due to increase in the future.
- A hindrance to the growth of this market is the advanced laboratory infrastructure required to completely test environmental components. Though basic testing for inorganic impurities could be done with basic instrumentation, the technical reach of such testing is superficial. As innovations creep in and technology advances, costs are due to come down and buffer this negative trend in the future.
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.
Market Segmentation:
By Technology
- Conventional
- Rapid
- Kits
- Spectrometry
- Chromatography
- PCR
- Immunoassay
- Near- Infrared (NIR) technolog
By Sample
- Wastewater/effluent
- Soil
- Water
- Air
- Others (building material, chemicals, and fuel/oil testing)
By targets tested
- Microbial contamination
- Organic compounds
- Heavy metals
- Residues
- Solids
By End user
- Agriculture & irrigation sector
- Government instittes and R&D laboratories
- Industrial product manufacturers
- Forestry & Geology
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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