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Redding, California - July 22, 2024

Environmental Testing Market to be Worth $17.1 Billion by 2031

Environmental Testing Market Size, Share, Forecast, & Trends Analysis by Products (Mass Spectrometers, pH meters), Sample, Contamination, End User (Agriculture & Irrigation, Government and R&D Laboratories, Industrial Product Manufacturers), and Geography - Global Forecast to 2031

Meticulous Research^®—leading global market research company, published a research report titled, ‘Environmental Testing Market by Products (Mass Spectrometers, PH meters), Sample, Contamination, End User (Agriculture and Irrigation, Government and R&D Laboratories, Industrial Product Manufacturers), and Geography - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the environmental testing market is projected to reach $17.1 billion by 2031, at a CAGR of 8.6% during the forecast period 2024–2031. The growth of the environmental testing market is primarily driven by the increasing government regulations related to environment protection, rising awareness about environmental pollution, and growing need for cost-saving and time-effective customized environmental testing services. However, the high operational costs associated with environmental testing restrain the growth of this market.

Moreover, the rising adoption of environmental testing solutions in government and R&D laboratories is expected to generate growth opportunities for the players operating in this market. However, a significant challenge impacting the growth of the environmental testing market is the lack of knowledge regarding environmental testing solutions.

The environmental testing market is segmented by product (mass spectrometers, chromatography, molecular spectroscopy, TOC analyzers, pH meters, dissolved oxygen analyzers, conductivity sensors, turbidity meters, and other products), sample (wastewater/effluent, soil, water, air, and other samples), contamination (microbial contamination, organic compounds, heavy metals, residues, and solids), and end user (government and R&D laboratories, industrial product manufacturers, agriculture and irrigation, and other end users). The study also evaluates industry competitors and analyzes the market at the regional & country levels.

Based on product, the environmental testing market is segmented into mass spectrometers, chromatography, molecular spectroscopy, TOC analyzer, pH meters, dissolved oxygen analyzers, conductivity sensors, turbidity meters, and other products. In 2024, the mass spectrometers segment is expected to account for the largest share of over 26.0% of the environmental testing market. The segment’s large share 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 increasing applications of mass spectrometry in environmental testing such as drinking water testing, carbon dioxide and pollution monitoring. Moreover, this segment is expected to record the highest CAGR during the forecast period 2024–2031.

Based on sample, the global environmental testing market is segmented into wastewater/effluent, soil, water, air, and other samples. In 2024, the wastewater/effluent segment is expected to account for the largest share of over 34.0% of the environmental testing market. The segment’s large share is attributed to 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, and demand for clean water.

Further, wastewater treatment is required to preserve public health & the environment and keep industrial processes running smoothly. For instance, the requirements of the MCERT standard for wastewater effluents treated sewage effluents, untreated sewage effluents sampling and chemical testing. Moreover, this segment is expected to record the highest CAGR during the forecast period 2024–2031.

Based on contamination, the global environmental testing market is segmented into microbial contamination, organic compounds, heavy metals, residues, and solids. In 2024, the organic compounds segment is expected to account for the largest share of over 32.0% of the global environmental testing market. The large market share of this segment is attributed to the high level of emissions and sustained growth in consumption, mainly of hydrocarbons, rising awareness about environmental pollution, and the increasing need to measure & monitor the presence of volatile organic compounds present in the sample. Moreover, this segment is expected to record the highest CAGR during the forecast period 2024–2031.

Based on end user, the global environmental testing market is segmented into government and R&D laboratories, industrial product manufacturers, agriculture & irrigation, and other end users. In 2024, the government and R&D laboratories segment is expected to account for the largest share of 38.0% of the global environmental testing market. The large market share of this segment is attributed to the rising adoption of environmental testing solutions in forestry departments, geology departments, municipal authorities; increasing government regulations related to environmental protection; and increasing concerns regarding environmental pollution.

However, agriculture and irrigation segment is expected to record the highest CAGR during the forecast period 2024–2031. The increasing demand for soil quality testing, rising need for pesticide and chemical residue analysis, growing need for irrigation water quality management, and increasing need to maximize the yield & quality of crops in the farm are expected to support the growth of this segment.

Based on geography, the global environmental testing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of over 37.0% of the global environmental testing market. North America’s major market share is attributed to the presence of well-established environmental testing product providers, growing acceptance of environmental testing products, and the high presence of the industrial environment. In addition, the increasing concerns regarding environmental pollution, growing adoption of advanced environment testing technologies; stringent government mandates for environment protection, and increasing efforts & initiatives towards protecting the environment are supporting the growth of this region.

However, Asia-Pacific is expected to witness the highest CAGR of 11.5% during the forecast period 2024-2031. The high market growth in Asia-Pacific is attributed to the growing awareness about environmental issues, increasing various energy-related projects, and the increasing presence of environmental testing product 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 & standards, enforcing solid ecological rules & 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 the Asia-Pacific, thereby supporting the growth of the market during the forecast period.

Key Players

The key players operating in the 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 S.A. (Switzerland), Bureau Veritas (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).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5002

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of product, sample, contamination, and end user?
What was the historical market size for environmental testing globally?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the environmental testing market?
Who are the major players in the environmental testing market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the environmental testing market?
What are the various growth strategies adopted by major market players?
What are the major market trends, and which are the high-growth countries?
Who are the local emerging players in the environmental testing market, and how do they compete with other players?

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Redding, California - July 22, 2024

Environmental Testing Market to be Worth $17.1 Billion by 2031

Environmental Testing Market Size, Share, Forecast, & Trends Analysis by Products (Mass Spectrometers, pH meters), Sample, Contamination, End User (Agriculture & Irrigation, Government and R&D Laboratories, Industrial Product Manufacturers), and Geography - Global Forecast to 2031

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