Global Environmental Testing Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Global Environmental Testing Market is anticipated to grow with a value CAGR of 7 .0 % over 2019-2028. According to a study published by Insure Insights on the Global Environmental Testing Market. Environmental Testing is essential as it helps in determining the hazards within the environment, as living with these hazards can be harmful to the overall health, which could be even life-taking. Large spills of hazardous substances can seep into the soil and affects the groundwater and affect the lives of individuals causing various diseases. Governments authorities in the frontline to protect the environment and imposition of strict rules and regulations to protect the environment have boosted the Market

Top Driver: The rise in the health hazard due to environmental contamination has boosted the Market

The increase in the levels of microbiological residues, heavy metals, and different solids in the environment, an increase in industrial waste is driving the market growth. The growth in the number of industries worldwide has highly contributed to the Global Environmental Testing Market. The rise in health issues due to the contaminants present has further boosted the market. Technological advancement in Environmental testing equipment, Development of user-friendly, accurate, and quick accurate equipment has also driven the market growth. The cost-effectiveness of these products have further escalated the growth of the Market

The upsurge in Water contamination to make the highest contribution to the growth in the Global Environmental Testing Market

The increase in the number of water-borne diseases is due to the rise of water pollution, especially in developing and underdeveloped economies. The surge in the wastewater from industries spilled in rivers, water residues from agricultural fields, increase in the levels of solid waste into a water body, The discharge of untreated treated sewage have expanded the growth of the market. Rapid urbanization and industrial growth are responsible for increasing water pollution and thus have enhanced the growth in the market.

Based on Technology, rapid technology has obtained the most remarkable growth as they are advanced, cost-effective, and obtains results relatively fast. Based on the contaminant segment, Microbial contaminant has obtained the most significant growth due to the rise in microbes in water soil, etc.

The increase in the level of pollution to boost the Asia PacificMarket

The increase in the level of different types of pollution like air, water, and soil are boosting the regional growth of the Asia Pacific Market. The significant rise in Infrastructure construction, rising number of various industries, and energy-related projects are driving the market growth. Government initiatives for environmental protection, strict rules, and regulations by the government towards protecting the environment are escalating the market growth. The Development of new and transformation of existing environmental policies are further boosting the growth in the market.

New Product Launches, making advances in the product, and acquisition are the key strategies of the competitors

The major competitors of the Market are the fragmented, player focus of developing new products, and in the acquisition, these are the major strategies that will benefit their overall growth. Eurofins, Intertek, Mérieux, Alex Stewart, Microbac Laboratories, Bureau Veritas, R J Hill Laboratories, Symbio Laboratories, and, GS are the major competitors of the Global Environmental Testing MArket.

Intertek: Intertek Group plc, is one of the popular competitors of the Global Environmental Testing market. For instance, in the year 2018 Intertek, had announced the acquisition of AldoAbela Surveys, they are a leader in providing quality & quantity cargo inspection services, this acquisition was made by Intertek to strengthen its product portfolio with cargo inspection services.

Eurofins: Eurofins Technologies industry leader in the Global Environmental Testing market had announced in the year 2019, Eurofins Technologies had announced that it had acquired Nanolab Technologies, Eurofins had acquired Nanolab Technologies to expand new Materials and Engineering Science verticals.

Bureau Veritas: Bureau Veritas in the year 2019 had announced the acquisition of Q Certificazioni it is a food certification service, the acquisition was made by BureauVeritas to enter the organic food certification market in Italy

Scope of the Report

By Sample

• Wastewater/Effluent
• Soil
• Air& Water

By Technology

• Conventional
• Rapid

By Contaminant

• Microbial Contaminant
• Organic Compounds
• Residues
• Solids

By Region

• North America
• Europe
• Asia Pacific
• LAMEA