Increasing government stringency related to environmental protection to drive the market for Environmental Testing Globally

US Environmental Protection Agency (EPA) has been active in recent pasts, through programs such as the Superfund Innovative Technology Evaluation (SITE) program, as an attempt to promote a suitable approach for the application of new technologies to environmental assessments and contaminant eliminations. Furthermore, the agency is also planning to adopt performance-based testing methods (PBMs) to replace some of the rigid, highly prescriptive testing methods which are currently in use.?

As per Eurofins Scientific reporting, companies Environment Testing, revenues were impacted by Covid-19 pandemic to varying degrees depending on national/state government policies and protocols. In Canada, where government policy incentivized the retention of staff, Environmental field activity was maintained thereby supporting a strong flow of samples into company's laboratories which, as a result, managed to generate positive year-on-year revenue growth. In the U.S., after a very strong start in Q1 2020, the Environment Testing business was impacted by state-by-state shelter-in-place orders in Q2 2020, which affected field-sampling activities. Sample flow partly recovered from May onwards.

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According to UnivDatos Market Insights (UMI)’ research report “Global Environmental Testing Market ”, the market is expected to witness a CAGR growth of around 7.2% during the forecast period 2021-2027F. Global Environmental Testing Market is experiencing significant growth due to the Increasing government stringency related to environmental protection, Increasing demand by citizens for a clean environment and Increasing requirements for more sophisticated analyses, and more expensive equipment. However, High capital investment paired with Lack of supporting infrastructure would act as market restraining factor.?

Based on Technology, the Environmental Testing Market is segmented into Conventional and Rapid testing method. Currently conventional testing technology dominates the market; however, rapid testing technology is expected to dominate the market during the forecast period.?

Based on Sample Type, the market is segmented into Wastewater, Soil, Water, Air, Others. Wastewater segment dominated the market in 2020 and is expected to dominate the market during the analyzed period. To fulfill the growing demand of water, demand for water recycling process has increased, this is expected to increase the market for quality checks and testing of recycled sewage water. Owing to such growth opportunity numerous companies have entered the market and are offering services to government plants and private owners.

Based on Contaminant, the market is bifurcated into Organic Compounds, Microbiological Contaminants, Residue, Heavy Metal, Solids. Currently, organic contamination segment dominates the market and is estimated to maintain its dominance share during the analysis period. Health concerns caused by organic contaminants are expected to drive the market for environmental testing.

Based on End-use Sector, the market is bifurcated into Agriculture & irrigation, Government institutes, Manufacturing Sector, Forestry & Geology, Others. Environmental testing activities have an important role to play by providing market-leading laboratory testing, monitoring and consultancy services to a wide range of industrial companies, environmental consultants, contractors, retailers, and government authorities.

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North America to Grab Lion’s Share

Based on regions, the report provides detailed analysis for overall adoption of Environmental Testing in the Global region including North America, Europe, Asia-Pacific, and rest of World. Currently, North America dominated the market. In 2021, the US government have allocated more funds to House Energy and Water appropriations bill, including US$95 million to the Department of Energy research and development of negative emissions technologies, an increase of over US$40 million compared to FY2020.?

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Environmental Testing Market are includes Eurofins Scientific, EnviroSure Inc., EMSL Analytical, Inc., SGS S.A., Intertek, Bureau Veritas, Mérieux NutriSciences, Microbac Laboratories, Pace Analytical, Hydrologic Associates USA, Inc. etc. These companies are investing heavily on Environmental Testing production & technology to increase their customer base.

§?In 2021, Eurofins GeneScan Technologies announces AOAC PTM accreditation for the VIRSeek SARS-CoV-2 detection workflow on environmental surfaces under the AOAC SARS-CoV-2 Emergency Response Validation Program

§?In September 2020, Eurofins acquired SunDream Group. The SunDream Group is the second largest player in the environment testing market in Taiwan. SunDream Environment Testing employs over 350 staff and generated revenues over EUR 17m in 2019

“Global Environmental Testing Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.?????

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Market Segmentation:

1.?????By Technology (Conventional, Rapid testing method)

2.?????By Sample Type (Wastewater, Soil, Water, Air, Others)

3.?????By Contaminant (Organic Compounds, Microbiological Contaminants, Residue, Heavy Metal, Solids)

4.?????By End-Use Sector (Agriculture & irrigation, Government institutes, Manufacturing Sector, Forestry & Geology, Others)

5.?????By Region (North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of APAC), and Rest of World)

6.?????By Company (Eurofins Scientific, EnviroSure Inc., EMSL Analytical, Inc., SGS S.A., Intertek, Bureau Veritas, Mérieux NutriSciences, Microbac Laboratories, Pace Analytical, Hydrologic Associates USA, Inc.)

Key questions answered in the study:

1.?????What are the current and future trends of the Global Environmental Testing industry?

2.?????How the industry has been evolving in terms of end-user demand and product category?

3.?????How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.?????What are the key growth drivers and challenges for the Global Environmental Testing industry?

5.?????What is the customer orientation, purchase behavior, and expectations from the Global Environmental Testing suppliers across various countries??