Top Driving Factors of Environmental Testing Market

The global environmental testing market size is estimated to be valued at USD 8.3 billion in 2020 and projected to reach USD 12.1 billion by 2025, recording a CAGR of 7.9%.

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The growing demand for testing and certification among industries is expected to drive the market. The North American segment is poised to dominate the market due to its technical adaptability and presence of major players in the area, whereas the Asia Pacific region is projected to be the fastest-growing, owing to the larger demand of the services due to more stringent laws in the region.

Increase in industrialization in regions such as the Asia Pacific and Africa has increased awareness among the people regarding environmental pollution and degradation. This has resulted in the implementation of numerous environmental protection acts, which are the key opportunity for the environmental testing market. Because of the increase in pollution and environmental contamination, several amendments and new environmental safety standards are expected to be set up mainly in the developing economies such as Asia Pacific regions in the next five years. The progressive development of new testing methods for testing samples of contaminants such as pesticide residues, heavy metals, and organic chemicals is expected to play an important role in promoting the growth of the market.

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Key Market Players:

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).

Recent Developments

• April 2020, Intertek opens a new facility in Ethiopia, offering assurance, testing, and inspection services for the agricultural industry.
• December 2019,Asure Quality acquired an 80% majority share in NZIDT Ltd. (New Zealand), a market-leader in Halal audit and certification services.
• July 2019, SGS acquired the assets and operations of Forensic Analytical Laboratories, Inc (FALI), based in California and Nevada, US. This will give SGS a leading global position in industrial hygiene testing, part of the company’s environment, health, and safety businesses.
• Jan 2019,Asure Quality and Bureau Veritas announced the formation of a new joint venture in South East Asia, BVAQ.

Target Audience:

• Environmental testing equipment manufacturing companies and government organizations
• Service providing company officials
• Government and research organizations
• Environmental testing manufacturing companies
• CEOs and vice presidents
• Marketing directors
• Product innovation directors and related key executives from manufacturing companies and organizations operating in the market
• Manufacturing and marketing companies

North America is projected to account for the dominating market during the forecast period

The presence of various environmental governing organizations in the US is driving the growth of the environmental testing market through the implementation of various environmental protection policies in the North American region. Though the number of testing laboratories has doubled in all the major regions, such as North America and Europe, in the last few years, aiming to safeguard the environment. But in North American region the regulatory bodies are closely monitoring the safety and quality of the environment to establish environmental safety across the geographies.

Market research Analyst, Business Research