Global Environmental Testing Market is expected to foresee significant growth. Asia-Pacific to witness highest growth!
- Vikas Kumar
- October 11, 2021
- CHEMICAL, NEWS
- Environmental Testing Market, Environmental Testing Market Growth, Environmental Testing Market news, Environmental Testing Market Share, Environmental Testing Market Size, Environmental Testing Market Trend
- 0 Comments
Global Environmental Testing Market is expected to grow at a CAGR of around 7.2% during the forecast period 2021-2027. The Environmental Testing Market generated revenue of ~US$ 6 billion in 2020. According to the World Bank, pollution of land, air and water is estimated to account for more than 9 million premature deaths globally. These death counts are sometime more than lethal diseases including AIDS, malaria, and tuberculosis, as well as the combined global impact of wars and other forms of violence. Furthermore, health costs associated with air pollution alone is estimated to amount US$5.7 trillion, close to 5% of the world’s gross domestic product in 2021. Countries with favorable attitudes toward environmental protection are expected to witness both reduction in mortality rates and a boost to their economic status.
Despite crises or recessions, environmental testing services are usually in demand as authorities need to ensure that food and water are safe, pharmaceutical products are effective, and the environment is protected. This is evidenced by organic growth remaining positive even through the financial crisis of 2007-2009 and the Covid-19 pandemic. Eurofins Scientific, in response to Covid-19 crisis, have increased their capacity to meet the increasing requirements for testing, inspection and certification of products and devices such as masks, hand sanitizers, disinfectants, respirators and protective devices to keep populations and frontline staff safe and healthy
For a detailed analysis of the Covid-19 Impact on the market browse through https://univdatos.com/get-a-free-sample-form-php/?product_id=10480
Based on technology, the Environmental Testing Market is segmented into Conventional and Rapid testing method. Currently conventional testing technology dominates the market; however, rapid testing technology is expected to dominate the market during the forecast period. Based on sample type the Environmental Testing Market is divided into Wastewater, Soil, Water, Air, Others. Wastewater segment dominated the market in 2020. Ever increasing global population has increased the overall demand for clean drinking water among households and water for agricultural and irrigation use. To fulfill the growing demand of water, demand for water recycling process has increased, this is expected to increase the market for quality checks and testing of recycled sewage water.
Based on contaminant, the market is bifurcated into Organic Compounds, Microbiological Contaminants, Residue, Heavy Metal, Solids. Health concerns caused by organic contaminants are expected to drive the market for environmental testing. In organic testing, volatile organic compounds (VOCs) are tested. The risk of health problems increases by breathing in even low levels of VOCs. Based on End-use Sector, the Environmental Testing Market is bifurcated into Agriculture & irrigation, Government institutes, Manufacturing Sector, Forestry & Geology, Others.
Request for Sample of the report browse through https://univdatos.com/get-a-free-sample-form-php/?product_id=10480
For a better understanding of the market adoption of Environmental Testing, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of APAC), and Rest of World. North America dominated the market in 2020. In 2021, the US government have allocated more funds to House Energy and Water appropriations bill, including US$95 million to the Department of Energy research and development of negative emissions technologies, an increase of over US$40 million compared to FY2020. However, Asia-Pacific is expected to witness highest growth during the forecast period. Some of the major players operating in the market include Eurofins Scientific, EnviroSure Inc., EMSL Analytical, Inc., SGS S.A., Intertek, Bureau Veritas, Mérieux NutriSciences, Microbac Laboratories, Pace Analytical, Hydrologic Associates USA, Inc.
Global Environmental Testing Market Segmentation
Market Insight, by Technology
Market Insight, by Sample Type
Market Insight, by Contaminant
- Organic Compounds
- Microbiological Contaminants
- Heavy Metal
Market Insight, by End-Use Sector
- Agriculture & irrigation
- Government institutes
- Forestry & Geology
Market Insight, by Region
- North America Environmental Testing Market
- United States
- Rest of North America
- Europe Environmental Testing Market
- United Kingdom
- Rest of Europe
- Asia Pacific Environmental Testing Market
- Rest of Asia-Pacific
- Rest of World Environmental Testing Market
Top Company Profiles