Environmental Testing Market to Showcase Continued Growth in the Coming Years

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).

Market Drivers: Stringent environmental regulations pertaining to cleaner fuels to fuel air testing demand

Environmental regulations have had enormous benefits in terms of lives saved and illnesses averted, especially through reductions in airborne particulates. Environmental regulations have greatly improved air and water quality, especially in areas that were dirtiest before the regulation. Regulations and legislations set forth by government organizations have triggered the testing, inspection, and certification of environmental samples tested by the government and manufacturing companies. Regulatory bodies have introduced guidelines for regulating the inspection, sampling, and testing services of environmental samples to detect the presence of pollutants and contaminants. These bodies have introduced various programs to generate awareness and set testing specifications to ensure the safety of the environment and reduce the health risks associated with a polluted environment.

Market Research Report Analyst and Consulting