Environmental testing market Market is expected to grow with a CAGR 7.10% from 2022 to 2028
As stated by our extensive report, providing insights on products, samples, technology, types of contamination, and end-users, the global Environmental testing market market accounted for 8,319.50 USD Million in 2021.
Environmental testing refers to the application of contaminants to identify their impact on the environment. Environmental testing involves the testing of a specific area with the development of mitigation methods.
The global Environmental testing market market is majorly driven by testing and certification among industries, and increasing government regulations related to environment protection. Additionally, the growing need for cost-saving and time-effective customized testing services along with active participation of government and regulatory bodies to monitor environmental conditions and occurrence of natural calamities are some other factors driving the market growth over the forecast period.
Moreover, awareness regarding environmental pollution is increasing. Thus, flourishing the Environmental testing market market growth over the forecast period. In addition to this, customized environmental testing solutions and the introduction of innovative rapid technologies are some factors offering lucrative opportunities to key players engaged in environmental testing. Thus, further propelling the market growth over the forecast period. However, high capital investment and lack of infrastructure are some of the factors that may act as restrain and hinder the market growth over the forecast period.
North America holds the major share in the market in the presence of a large number of environmental governance institutions. Asia Pacific is anticipated to be at the fastest Compound Annual Growth Rate (CAGR) over the forecast period. The market growth in the region is attributed to stringent regulations imposed by the government in regard to the protection of the environment. Additionally, growing awareness regarding environmental issues as well as increasing constructions activities is further propelling the market growth in the region.Some of key players in Environmental testing market 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) , and AnaLabs (US).
Browse the full Report - Environmental testing market Market Size, Share & Trends Analysis Report by Technology (Conventional, Rapid), by Sample (Wastewater/effluent, Soil, Water, Air), by Targets tested (Microbial contamination, Organic compounds, Heavy metals, Residues), by End user (Agriculture & irrigation sector, Government instittes and R&D laboratories, Industrial product manufacturers, Forestry & Geology), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)