The global environmental testing market has grown exponentially in the last few years. The market size is projected to reach USD 11.82 Billion by 2021, at a CAGR of around 6.9% from 2016 to 2021. Increasing regulations regarding environment protection, and active participation of different government and regulatory bodies to monitor environmental conditions are the major driving factors for this market.
The environmental testing market, based on contaminant, is segmented into microbiological, organic, heavy metals, residues, and solids. Organic contaminants accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period due to the rising concern over health issues caused by breathing low levels of volatile organic compounds (VOCs), which is a major organic contaminant, for a long period of time. Volatile organic compounds largely consist of carbon-based chemicals which tend to vaporize from its solid or liquid state under normal atmospheric conditions owing to its low boiling point.
The environmental testing market, based on technology, is segmented into conventional and rapid. Rapid technology accounted for the largest share of the environmental testing market in 2015. The importance of this technology is increasing due to its quick, accurate, and easy-to-use characteristics. The stakeholders demand new emerging technologies for analytical testing and ensure certification denoting high quality of their products. This has been driving the market for rapid technology in environmental testing.
Complete report on Environmental Testing Market spread across 187 pages, profiling 10 companies and supported with 82tables and 59 figures is now available at http://www.rnrmarketresearch.com/environmental-testing-market-by-sample-wastewatereffluent-soil-water-air-contaminant-microbiological-organic-heavy-metal-residue-solids-technology-conventional-rapid-region-market-report.html
In the sample segment, the market is segmented into wastewater/effluent, soil, water, and air. The market for environmental testing for wastewater/effluents is projected to have the largest market share and also projected to grow at the highest CAGR from 2016 to 2021. Industrial wastewater/effluent is polluted by organic, inorganic, and biological contaminants. The wastewater/effluent has to be tested and treated before disposing it in the environment. With the growing industrial activity, generation of wastewater/effluent is projected to increase, which is projected to drive its testing service market.
Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Infrastructure development such as construction and energy-related projects, industrial transformation, growing awareness regarding environmental pollution, sustainable transformation of the environmental policies are some of the factors driving this market.
Regulatory changes such as Environmental Protection Laws and changing government policies across diverse geographies are restraints for the environmental testing market players.
The environmental testing market is characterized by high to moderate competition due to the presence of a number of large- and small-scale firms. Collaborations, acquisitions, agreements, and expansions are the key strategies adopted by market players to ensure their growth in the market. Players such as Eurofins Scientific SE (Luxembourg), AB Sciex LLC (U.S.), SGS S.A. (Switzerland), Bureau Veritas S.A. (France), and Agilent Technologies Inc. (U.S.) collectively accounted for the largest portion of the environmental testing market in 2015. Other players such as Intertek Group PLC (U.K.), ALS Limited (U.S.), AssureQuality (New Zealand), Romer Labs (U.S.), and R.J Hill Laboratories Ltd. (New Zealand) also have a strong presence in this market.
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From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the global environmental testing market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on agricultural fumigants offered by the top players in the global market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the environmental testing market
- Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for environmental testing across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global environmental testing market
- Competitive Assessment: In-depth assessment of market share, strategies, products, and manufacturing capabilities of the leading players in the global environmental testing market
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