Global Environmental Testing Market Investment

opportunities
Global Environmental Testing Market was worth USD 8.47 billion in 2016 and estimated to be growing at
a CAGR of 6.55%, to reach USD 11.63 billion by 2021.

Environmental testing values the surge in the number of contaminants in the environment and identifies
their impact on the environment. Thanks to the increasing number of rules and regulations and active
participation of various governments and authorities for environmental protection. Since the release of
large amounts of artificial and natural waste substances has a detrimental impact on the environment
leading to global warming, environmental testing is essential for the valuation.

Maintaining the right quantities of all components in the environment is a must for a sustainable future.
So, environmental testing contains testing of soil, air, water, sludge, petroleum, chemicals and others for
their quality and effects on environment and health. It is done mostly by Industries and manufacturing
firms in order to understand the impact of waste or disposals generated from their plant.

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Growing industrial activities and environmental pollution in emerging countries, increased awareness of
environmental degradation, Deteriorating environment, the rise in initiatives that cause sustainable
development, favorable government policies, increasing instances of health issue caused by organic
contamination are driving the growth of the market. However, the limited number of skilled professionals,
the requirement of high capital investment and lack of awareness is expected to restrict the market
growth.

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The Global Environmental Testing Market is segmented based on sample, contaminant, technology, and
region. Based on Sample, the market has been segmented as effluent, water, soil and air. The
wastewater/effluent testing followed by the soil testing has the largest share in 2016 due to the
generation of wastewater in industries. On the basis of contamination, the market has been segmented
into microbiological, organic, heavy metals, residues, and solids. Among the contamination segment, the
organic contamination segment is projected to have a prominent share of the market during the forecast
period due to the health concerns caused by organic contaminants. The technology segment is divided
into conventional and rapid. The rapid technology segment has the largest share owing that the
technology is quick, accurate and user-friendly.

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In terms of geography, the market has been segmented into North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa. North America followed by Europe have the largest market during the
forecast period due to the various governing organizations in the region have enforced various
environment protection policies. Asia Pacific is expected to be fastest growing region during the forecast
period owing to the increasing infrastructure construction, enormous growth potential in the region,
various energy-related projects, and growing awareness about environmental issues in the region.

Key players in the environmental testing market includes Eurofins Scientific SE, SGS S.A., Bureau Veritas
S.A., Agilent Technologies Inc., Intertek Group PLC, ALS Limited, Romer Labs Diagnostic GmbH, AB Sciex
LLC, R J Hill Laboratories Ltd., Suburban Testing Labs and Asure quality Limited.

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