According to a research report "Environmental Testing Market by Sample (Wastewater/Effluent, Soil, Water, Air), Technology (Rapid, conventional), Target Tested (Microbial Contamination, Organic Compounds, Heavy Metals, Residues, Solids), End Users and Region - Global Forecast to 2027" published by MarketsandMarkets, the market for Environmental testing is estimated at USD 9.4 billion in 2022; it is projected to grow at a CAGR of 8.1% to reach USD 13.9 billion by 2027.
The US was the dominating market in the North American region, with the highest CAGR growth in the environmental testing market.
The US economy has experienced rapid growth during the past decade. Population increase and energy consumption can lead to environmental contamination. As a result, the US government has implemented strict environmental standards and policies. These factors are driving as the growth of the market for environmental testing in US.
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The organic compounds segment dominated the market by targets tested, with the largest market share in the Environmental testing market during the forecast period.
The organic compounds cans be commonly found in water, air, and soil, as they are essential ingredients in many products and materials. Residual of these contaminants can be extremely harmful for environment. To avoid various health risks, government bodied have been regulating the standards often, and has been a highly demanded testing services by various industrial companies.
The wastewater/effluent market dominated the market for environmental testing, with the largest share in the Environmental testing market during the forecast period.
With the increase in the population, the demand for clean drinking water and water for agricultural and irrigation purposes has increased, the demand for wastewater testing has been on high demand. Government demand the treatment and testing of wastewater industry producing chemicals, pharmaceuticals, food, beverages, and other products to safeguard the environment and communities.
Key Market Players
The Environmental testing market consists of a few globally established players such as SGS SA (Switzerland), Eurofins Scientific (Luxembourg), Intertek Group plc (UK), Bureau Veritas (France), ALS (Australia), TÜV SÜD (Germany), TÜV Nord Group (Germany), AsureQuality (New Zealand), Mérieux NutriSciences (France), Microbac Laboratories, Inc. (US), Envirolab Services Pty Ltd (Australia), ), R J Hill Laboratories Limited (New Zealand), Symbio Laboratories (Australia), Alex Stewart International (UK), EMSL Analytical, Inc. (US), and F.B.A. Laboratories Ltd (Ireland). These players in this market are focusing on increasing their presence through expansion. These companies have a strong presence in North America, Asia Pacific and Europe. They also have strong laboratory networks across these regions.
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