USD 11.07 billion
Report ID:
SQMIG20L2032 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|Tables:
92
|Figures:
77
Global Environmental Testing Market size was valued at USD 11.07 billion in 2022 and is poised to grow from USD 11.93 billion in 2023 to USD 21.76 billion by 2031, growing at a CAGR of 7.8% during the forecast period (2024-2031).
Environmental testing aims at determining the amount of contaminants in the natural environment and identifying their impact on all living life. The emission of a massive amount of artificial and natural waste has a negative impact on the ecosystem, leading to global warming. Maintaining the proper amounts of all components in the environment is essential for a long-term future. Strict environmental rules and regulations, as well as the active participation of various governments and agencies in monitoring environmental conditions, will boost demand for environmental testing, during the projection period. Growing industrial activity and pollution in developing economies has raised public awareness of environmental degradation; which further contributes to the industry growth.
US Environmental Testing Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Market Size
USD 11.07 billion
Largest Segment
Conventional
Fastest Growth
Conventional
Growth Rate
7.8% CAGR
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Global Environmental Testing Market is segmented by sample type, contaminant type, end use industry and region. Based on sample type, the market is segmented into wastewater, soil, water, air, noise and others. Based on contaminant type, the market is segmented into chemical (heavy metals, pesticides, volatile organic compounds (VOCs)), biological (bacteria, viruses, fungi) and physical (temperature, particulate matter, radiation). Based on technology, the market is segmented into conventional (gravimetric, titrimetric) and rapid (chromatography, spectroscopy, immunoassay). Based on end use industry, the market is segmented into agriculture, government, industrial, commercial and residential. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Environmental Testing Market Analysis by Sample
In 2021, the soil test segment held the most lucrative share of more than 30% of the global environmental testing market. Soil test comprises soil analysis performed for assisting towns, farmers, environmental agencies, and others in designing environmentally sound soil management strategies. The tests are performed for a variety of reasons, including soil analysis to optimize crop production, environmental protection from runoff and leaching of excess fertilizers, assisting in the diagnosis of plant culture problems, improving the nutritional balance of the growing media, and saving money and energy by applying only the amount of fertilizer required.
Environmental Testing Market Analysis by Target Tested
In 2021, the microbial contaminants segment held the most lucrative share of more than 20% of the global environmental testing market. Specific microorganisms are detected using selective media that augments the growth of certain organisms and suppresses the growth of other microbes. The culture plate method has been widely utilized for routine contamination detection in materials. The procedure is, however, time-consuming and labor-intensive. The International Organization for Standardization (ISO) publishes culture method protocols, which are acknowledged as internationally approved reference procedures for pathogen detection.
Environmental Testing Market Analysis by Technology
In 2021, the conventional segment held the most lucrative share of more than 30% of the global environmental testing market. The conventional method for environmental testing involves identifying contaminants using culture media, biological oxygen demand (BOD), and chemical oxygen demand (COD). These are some of the most used methods for analyzing environmental materials. These tests are less expensive and provide qualitative information on the quality of environmental samples as well as the presence or absence of pollutants. The need to monitor environmental changes on a regular basis is projected to increase the usage of conventional environmental tests. The confirmative and quantitative quick approach is used if the results of conventional tests alter. pH, lime requirement, macro-elements, particle size measurement, and soluble salt presence are all conventional procedures for assessing air, water, and air samples. In comparison to the rapid approaches, the conventional method does not provide an accurate result for testing; which might negatively influence the market growth during the forecast period.
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The Global Environmental Testing Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2021, the North American region held the most substantial share of the market. The regional growth of the market is attributed to the numerous initiatives taken by authoritative entities in North American countries mainly the US and Canada. The US's environmental situation has improved over time. Environmental testing laboratories in Canada are constantly working to enhance air quality, and the Mexican government's continued financing to assure wastewater treatment is likely to fuel the industry in North America. Also, the US has a well-developed environmental testing market, and it is expected to have the largest market share over the projection period.
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Environmental Testing Market Driver
Environmental Testing Market Restraint
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The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Environmental Testing Market Top Player’s Company Profiles
Environmental Testing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, By sample, the soil segment is projected to hold a dominating share during the period. By target tested, the microbial contaminants segment is projected to hold a dominating share during the period. By technology, the conventional segment is projected to hold a dominating share during the period. By region, the North American region held the most substantial share of the market in 2021. The regional growth of the market is attributed to the numerous initiatives taken by authoritative entities in North American countries mainly the US and Canada.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 11.07 billion |
Market size value in 2031 | USD 21.76 billion |
Growth Rate | 7.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Environmental Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Environmental Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Environmental Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Environmental Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20L2032
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