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Environmental testing primarily focuses on determining the amount of contaminants in the natural environment and identifying their impact on all living life. Presently, the release of a huge amount of artificial and natural waste has a detrimental effect on the environment, which leads to global warming. Maintaining the right quantities of all components in the environment is a must for a sustainable future. Stringent rules and regulations for the protection of the environment and the active initiation of various governments and authorities in monitoring environmental conditions drive the demand for the environmental testing market during the forecast period. Growing industrial activities and environmental pollution in developing economies had increased the awareness of environmental degradation. Rising instances of health issues caused by organic contamination and cost and time-effective customized testing services are the prominent factors driving the demand of the environmental testing market in the projected period.
The environmental testing market is further segmented into sample, contaminant, and technology. Based on the sample, the market is segmented into wastewater/effluent, soil, water, and air. The wastewater segment is holding the largest market share owing to increased turbidity of water because sediments reduce the penetration of light in water, which reduces photosynthesis by aquatic plants. Based on the contaminant, the market is categorized into microbial contamination, organic compounds, heavy metals, residues, and solids. The organic compounds segment is holding the largest market share in the global market, owing to the risk of health problems increases by breathing in even low levels of VOCs. Hence, health concerns caused by organic contaminants are expected to drive the environmental testing market. Based on technology, the market is divided into conventional and rapid methods. The rapid technology segment is anticipated to hold the largest market share owing to the increasing number of potentially harmful pollutants in the environment warrant rapid and cost-effective analytical techniques for detection and monitoring programs.
Key Market Driver -
Cost and time effective customized testing services
Key Market Restraint -
High Initial investment for accurate and sensitive analytical testing
Some of the leading players of the environmental testing market are Eurofins Scientific SE, Agilent Technologies Inc., Bureau Veritas S.A., SGS S.A., Microbac Laboratories, Intertek Group PLC, Romer Labs Diagnostic GmbH, ALS Limited, Symbio Laboratories, AB Sciex LLC, R J Hill Laboratories Ltd., Suburban Testing Labs, and Asurequality Limited.
The environmental testing market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is anticipated to hold the largest market share owing to various environmental issues such as climate change, greenhouse gas emissions, & acid rain reduction and enforced various environment protection policies. The Asia Pacific is projected to hold the second-largest market share owing to growth potential in infrastructure construction, growing awareness about environmental issues, and various energy-related projects. Europe is also leading the market due to the development of new and transformation of existing ecological policies by the government, which drives the demand for the environmental testing market. Supportive government initiatives and the demand for the development of waste handling infrastructure also drives the demand for the environmental testing market during the forecast period.
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