The Environmental Testing Market is projected to reach $15.5 billion by 2030, at a CAGR of 7.8% from 2023–2030. The growth of this market is driven by the increasing government regulations related to environmental protection, cost-saving and time-effective customized testing services, and rising awareness about environmental pollution. Customized environmental testing solutions and the introduction of innovative rapid technologies are expected to offer significant growth opportunities for the stakeholders in the environmental testing market. The high capital investment may restrain the market's growth. Furthermore, the lack of basic supporting infrastructure is expected to pose challenges to the growth of the environmental testing market.
Increasing Government Regulations Related to Environment Protection to Fuel the Market’s Growth
In recent years, a growing focus has been on taking decisive actions toward achieving environmental sustainability. A few steps that can be taken toward achieving environmental sustainability include protecting non-renewable resources, supporting, and advancing sustainable farming, carbon offsetting, supporting reforestation and other regenerative projects, avoiding the consumption of fossil fuels by using renewable energy, limiting pollution, composting, and supporting clean air & water initiatives. Many government standards and initiatives are being introduced for environmental conditions monitoring. Regulatory frameworks for environmental sustainability are also becoming progressively stringent.
The legislation on environmental monitoring is evolving as governments seek to track climate change, check agricultural usage patterns, and detect landslides and heat loss. Also, governments and regional associations across the globe are accelerating investments in reducing carbon footprints and building environmentally sustainable economies.
Click here to: Get Free Sample Pages of this Report
Some of the recent developments in this space are as follows:
- In March 2022, the German government announced plans to invest USD 4.4 billion (EUR 4 billion) in ‘natural climate protection’ to complement steps to wean Germany off fossil fuels and reduce carbon emissions.
- In December 2021, the U.S. Environmental Protection Agency (EPA) announced USD 20 million in competitive grants through the American Rescue Plan (ARP) initiative to enhance ambient air quality monitoring in communities across the U.S.
Such initiatives are expected to drive the adoption of environmental testing products. Thus, government funding to promote environmental sustainability drives the growth of the environmental testing market.
Key Findings in the Environmental Testing Market Study:
Based on Product, the Mass Spectrometers Segment is Projected to Register the Highest CAGR During the Forecast Period
In 2023, the mass spectrometers segment is expected to account for the largest share of the global environmental testing market. The large market share of this segment is attributed to the growing demand for monitoring the soil for organic contaminants, including fertilizers, pesticides, and industrial chemicals, the rising need to monitor and detect trace levels of pollutants, and rapid applications of mass spectrometry in environmental testing such as drinking water testing, carbon dioxide and pollution monitoring. Additionally, this segment is projected to register the highest CAGR during the forecast period.
Based on Sample, the Wastewater/Effluent Segment is Projected to Register the Highest CAGR During the Forecast Period
The growth of this segment is driven by the increasing wastewater with the growth in industrial activities, growing environmental concerns related to waste disposal and treatment, regulations on wastewater disposal, rapid urbanization, increase in health standards, demand for clean water, and shortage in water supply. Wastewater treatment is required to preserve public health and the environment and keep industrial processes running smoothly.
Based on Technology, the Rapid Segment is Projected to Register the Highest CAGR During the Forecast Period
The growth of this segment is driven by the increasing need to minimize labor-intensive operations and cost per test, growing need to achieve significant efficiency, and possible cost savings. Benefits offered by rapid products are greater accuracy, increased sample throughput and automation, precision & sensitivity, and the introduction of innovative rapid technologies.
Based on End User, the Agriculture & Irrigation Sector Segment is Projected to Register the Highest CAGR During the Forecast Period
The growth of this segment is driven by the increasing demand to improve the efficiency of the resources in this sector, increasing need for agricultural soil testing, which allows producers to use optimum fertilizer and lime rates to increase productivity, enhancing efficiency to maximize profits, rising need of water testing products, and increasing need to maximize the yield & quality of crops in the farm.
Asia-Pacific: The Fastest-growing Regional Market
Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this region is driven by the growing awareness about environmental issues, increasing various energy-related projects, and increasing presence of environmental testing products providers in China, Japan, and India. The governments concerned about environmental contamination in the Asia Pacific area will likely boost the expansion of the environmental testing market. Authorities are investing in establishing regulatory frameworks and standards, enforcing solid ecological rules and guidelines, offering financial assistance to enterprises and industries, and raising the public’s consciousness about the necessity of environmental testing. These factors are likely to enhance demand for environmental testing products in Asia-Pacific.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants in the last 3–4 years. The key players operating in the global environmental testing market are Eurofins Scientific (Luxembourg), Intertek Group plc (U.K.), TÜV SÜD AG (Germany), Microbac Laboratories, Inc. (U.S.), Symbio Laboratories (Australia), Agilent Technologies, Inc. (U.S.), SGS SA (Switzerland), Bureau Veritas S.A.(France), EMSL Analytical, Inc. (U.S.), Mérieux NutriSciences Corporation (France), Envirolab Services Pty Ltd (Australia), R J Hill Laboratories Limited (New Zealand ), AB Sciex LLC (U.S.), ALS Limited (Australia), and FBA Laboratories Limited (Ireland).
Scope of the Report:
Environmental Testing Market Assessment, by Product
- Mass Spectrometers
- Chromatography Products
- Molecular Spectroscopy Products
- TOC Analyzers
- PH Meters
- Dissolved Oxygen Analyzers
- Conductivity Sensors
- Turbidity Meters
- Other Products
Environmental Testing Market Assessment, by Sample
- Wastewater/Effluent
- Soil
- Water
- Air
- Other Samples
Environmental Testing Market Assessment, by Technology
Environmental Testing Market Assessment, by Contamination
- Microbial Contamination
- Organic Compounds
- Heavy Metals
- Residues
- Solids
Environmental Testing Market Assessment, by End User
- Government & R&D Laboratories
- Industrial Product Manufacturers
- Agriculture & Irrigation Sector
- Forestry & Geology
- Other End Users
Environmental Testing Market Assessment, by Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Key questions answered in the report: