The report “Environmental Testing Market by Sample (Wastewater/Effluent, Soil, Water, and Air), Contaminant (Microbes, Organic Compounds, Heavy Metals, Residues, and Solids), Technology (Conventional and Rapid) and Region – Global Forecast to 2022” The Environmental Testing Market Is Projected To Account for a Value of USD 12.8 Billion By 2022 Increasing incidences of pollution and wastage in various countries impact the health of citizens.
As the need for waste and pollution management persists, manufacturers are increasingly developing effective environmental testing solutions. According to MarketsandMarkets, the environmental testing market is projected to account for a value of USD 12.8 billion by 2022, recording a CAGR of 7.1%.
The water segment in the environmental testing market is projected to be the fastest-growing segment.
Water pollution is one of the major causes of waterborne diseases and other health problems. Residues brought by run-off water from agricultural fields, discharge of untreated or partially treated sewage and industrial effluents, and disposal of fly ash or solid waste into a water body cause severe problems such as water pollution. Increased turbidity of water because of sediments reduces the penetration of light in water, which reduces photosynthesis by aquatic plants. Thus, water testing is an important area that drives the segment.
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North America is projected to account for the largest market share during the forecast period.
North America is estimated to be the largest environmental testing market. Several environment-governing organizations are present in this market and have enforced various environment protection policies. The North American environmental testing market addresses various environmental issues such as climate change, acid rain reduction, and greenhouse gas emissions. These factors are projected to drive the demand for environmental testing in this region.
Leading players operating in the environmental testing market include Eurofins (Luxembourg), SGS (Switzerland), Intertek (UK), ALS (Australia), and Bureau Veritas (France). Key players operating in this market are adopting strategies such as expansions, joint ventures, new product launches, and acquisitions to expand their customer base.
Overall, the environmental testing market is projected to record significant growth. With the increasing number of construction projects and the imposition of government regulations about low emission levels and waste reduction, the adoption of environmental testing services is projected to remain high. These factors are expected to reflect positively on the market growth.
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