The water testing market is projected to register a CAGR of 7.33% during the forecast period 2022-2027.
The COVID-19 pandemic had a significant impact on the global water testing market as it affected consumers’ lifestyles and increased their chances of spreading coronavirus. Thus, the water and supply chain industries were impacted as consumers became more concerned regarding the security and safety of water-based products.
Over the long term, in developing countries like India, the consumable water is expected to be safe and of high nutritional value due to increasing consumer awareness. The rise in consumption of bacteria- and chemical-free water is driving the demand for water testing equipment across the globe.
Rising incidences of water-borne diseases, such as typhoid, dysentery, and cholera are playing a major role in market growth. According to the World Health Organization (WHO), approximately 11 to 20 million individuals across the globe suffer from typhoid every year, and that number is expected to rise. Around 1.7 billion of the world population does not have access to drinkable water, which is expected to be one of the key drivers for the market over the forecast period.
The increasing regulatory support and legislation for high standard maintenance of food and beverage products, pharmaceuticals, and other industries, are further increasing the applications of chemically tested water.
The rising number of waterborne disease outbreaks, adulteration cases, and toxicity have increased the threat to water safety. According to the Centers for Disease Control and Prevention (CDCP), diseases spread through water affect over 7 million people in the United States every year. In addition, waterborne diseases are responsible for many different types of illnesses, including respiratory illnesses, neurological illnesses, skin problems, gastrointestinal illnesses, and bloodstream infections. Also, people are infected by waterborne germs not just when they drink water but also when they breathe in contaminated water droplets or when water gets in their ears or nose. With the increasing incidences of diseases and awareness about waterborne diseases across the world, the current water safety testing market is shifting toward rapid microbiological tests. Growing consumer interest in water quality has propelled high technological advancements, thereby driving the water safety testing market in both developing and developed countries. Enhanced surveillance and detection methods have also contributed to the growth of water safety testing scenarios, specifically in developed economies.
The government of developing countries like India and China are imposing stringent regulations on the usage of water in various food and beverage products and are, therefore, posing as a barrier to entry for companies producing food, beverage, and pharmaceutical products, where the application of tested water is the highest. The governments want these companies to set up water testing equipment in their factories and test water according to the fixed norms. The increasing health awareness and support efforts by the government for ensuring water safety both for consumption and industrial purposes have given a boost to the market over the last few years. Moreover, the increasing contamination of water on account of increasing urban waste and climatic changes is a serious cause of concern and is expected to propel the water testing market in Asia-Pacific over the forecast period.
Key players are focusing on the expansion of facilities and product portfolios due to the growing demand for tested water. Some of the key players in the water testing market globally include SGS SA, Eurofins Scientific, Intertek Group PLC, Merieux NutriSciences, TUV SUD, and ALS Limited, among others. The companies compete on different factors, including service offerings, geographical reach, and improved technologies, in order to gain a competitive advantage in the market. Eurofins, one of the leaders in the water testing market, provides a wide range of services for water tests, such as drinking water testing, groundwater testing, wastewater testing, process and cooling water testing, offshore drinking water safety, and legionella testing, among others.
This product will be delivered within 2 business days.
The COVID-19 pandemic had a significant impact on the global water testing market as it affected consumers’ lifestyles and increased their chances of spreading coronavirus. Thus, the water and supply chain industries were impacted as consumers became more concerned regarding the security and safety of water-based products.
Over the long term, in developing countries like India, the consumable water is expected to be safe and of high nutritional value due to increasing consumer awareness. The rise in consumption of bacteria- and chemical-free water is driving the demand for water testing equipment across the globe.
Rising incidences of water-borne diseases, such as typhoid, dysentery, and cholera are playing a major role in market growth. According to the World Health Organization (WHO), approximately 11 to 20 million individuals across the globe suffer from typhoid every year, and that number is expected to rise. Around 1.7 billion of the world population does not have access to drinkable water, which is expected to be one of the key drivers for the market over the forecast period.
The increasing regulatory support and legislation for high standard maintenance of food and beverage products, pharmaceuticals, and other industries, are further increasing the applications of chemically tested water.
Key Market Trends
Growing Consumer Interest in Water Safety and Quality
The rising number of waterborne disease outbreaks, adulteration cases, and toxicity have increased the threat to water safety. According to the Centers for Disease Control and Prevention (CDCP), diseases spread through water affect over 7 million people in the United States every year. In addition, waterborne diseases are responsible for many different types of illnesses, including respiratory illnesses, neurological illnesses, skin problems, gastrointestinal illnesses, and bloodstream infections. Also, people are infected by waterborne germs not just when they drink water but also when they breathe in contaminated water droplets or when water gets in their ears or nose. With the increasing incidences of diseases and awareness about waterborne diseases across the world, the current water safety testing market is shifting toward rapid microbiological tests. Growing consumer interest in water quality has propelled high technological advancements, thereby driving the water safety testing market in both developing and developed countries. Enhanced surveillance and detection methods have also contributed to the growth of water safety testing scenarios, specifically in developed economies.
Asia-Pacific Witnessed Significant Market Growth
The government of developing countries like India and China are imposing stringent regulations on the usage of water in various food and beverage products and are, therefore, posing as a barrier to entry for companies producing food, beverage, and pharmaceutical products, where the application of tested water is the highest. The governments want these companies to set up water testing equipment in their factories and test water according to the fixed norms. The increasing health awareness and support efforts by the government for ensuring water safety both for consumption and industrial purposes have given a boost to the market over the last few years. Moreover, the increasing contamination of water on account of increasing urban waste and climatic changes is a serious cause of concern and is expected to propel the water testing market in Asia-Pacific over the forecast period.
Competitive Landscape
Key players are focusing on the expansion of facilities and product portfolios due to the growing demand for tested water. Some of the key players in the water testing market globally include SGS SA, Eurofins Scientific, Intertek Group PLC, Merieux NutriSciences, TUV SUD, and ALS Limited, among others. The companies compete on different factors, including service offerings, geographical reach, and improved technologies, in order to gain a competitive advantage in the market. Eurofins, one of the leaders in the water testing market, provides a wide range of services for water tests, such as drinking water testing, groundwater testing, wastewater testing, process and cooling water testing, offshore drinking water safety, and legionella testing, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned
A selection of companies mentioned in this report includes:
- SGS SA
- Eurofins Scientific
- Intertek Group PLC
- Mérieux NutriScience
- TÜV SÜD
- ALS Limited
- UL LLC
- Neogen Corporation
- NSF International
- Set Point Laboratories
Methodology
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