Environmental Testing Market Outlook
According to the report by Expert Market Research (EMR), “The Global Environmental Testing Market Size, Share, Analysis, Report and Forecast 2024-2032″,the global environmental testing market reached a value of USD 9.5 billion in 2023. Aided by the rising demand for a healthier environment and the escalating applications of environmental testing in multiple industries, the market is projected to further grow at a CAGR of 8.1% between 2024 and 2032 to reach a value of USD 15.16 billion by 2032.
Environmental testing involves the analysis of various samples of water, air, soil, and waste to determine their quality and impact on both human health and the environment. The gathered data assists in assessing and managing environmental risks, ensuring regulatory compliance, and maintaining sustainable operations. Furthermore, environmental testing is instrumental in monitoring and controlling pollution levels and plays a significant role in waste management, water treatment, and other ecological conservation activities.
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The increasing public consciousness for a healthier environment is the primary driver for the global environmental testing market growth. As awareness regarding the adverse effects of environmental pollution rises, there has been a notable shift towards sustainable practices, leading to an amplified demand for environmental testing services. In addition, the growing prevalence of diseases associated with environmental pollution has further emphasized the importance of environmental testing.
The diversifying applications of environmental testing across several industries also play a crucial role in fuelling the environmental testing market development. In the industrial sector, environmental testing is used for monitoring and controlling the emission of pollutants. The agriculture industry utilises environmental testing to assess soil health and quality for optimised crop yield. Similarly, the healthcare sector relies on these testing services to understand the relationship between environmental factors and human health.
Moreover, the increasing enactment of stringent environmental regulations is giving rise to the demand for environmental testing services, propelling the environmental testing market expansion. Governments worldwide are implementing strict policies and norms concerning waste management, emission control, and environmental safety, thereby positioning environmental testing as an essential service.
Further, the growing emphasis on sustainable development in both the private and public sectors has increased the focus on environmental testing. With the surge of green buildings and the rising popularity of sustainable business practices, environmental testing has emerged as a key player in measuring and maintaining environmental performance, thereby fostering environmental testing market growth.
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Environmental Testing Market Segmentation
The market can be divided based on type, tested target, technology, and region.
Market Breakup by Type
- Soil
- Air
- Water
- Wastewater/Effluent
Market Breakup by Tested Target
- Organic Compounds
- Microbial Contamination
- Heavy Metals
- Residue
Market Breakup by Technology
- Rapid Method
- Conventional
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Environmental Testing Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global environmental testing companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Eurofins Scientific
- Intertek Group plc
- SGS Société Générale de Surveillance SA
- Agilent Technologies, Inc.
- Aralab
- ALS Limited
- Microbac Laboratories, Inc.
- TÜV SÜD AG
- AsureQuality
- Merieux NutriSciences
- R J Hill Laboratories Limited
- Bureau Veritas Hong Kong Limited
- Symbio Laboratories
- Suburban Testing Labs
- Others
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