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The environmental testing market share is expected to increase to USD 3.79 billion from 2021 to 2026, at an accelerating CAGR of 7.51%.
The environmental testing market has been broadly categorized into the following demographic segmentations:
The environmental testing market report also offers information on several market vendors, including Advanced Environmental Testing and Research Lab, Alpha Analytical Inc., ALS Ltd., American Environmental Testing Laboratory LLC, AnaLabs Inc., Apal Agricultural Laboratory, AS International Corporation Ltd., AsureQuality Ltd., Bureau Veritas SA, EMSL Analytical Inc., Eurofins Scientific SE, Hydrologic Associates, Intertek Group Plc, Merieux NutriSciences Corp., Microbac Laboratories Inc., Pace Analytical Services LLC, RJ Hill Laboratories Ltd., SGS SA, Symbio Laboratories, and TUV SUD AG among others.
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The marked increase in soil contamination is notably driving the environmental testing market growth, although factors such as high operational costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the environmental testing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Environmental Testing Market Driver
The marked increase in soil contamination is one of the key drivers fueling the environmental testing market growth. Typically, rapid urbanization and increasing commercial, residential, and industrial construction projects encroaching upon agricultural land have led to agricultural pollution. For instance, the disposal of industrial and agricultural waste in local bodies of water has led to water pollution. As a result, contaminated water seeps into the soil exposing the crops to small amounts of mercury, arsenic, lead, and cadmium dissolved. In view of this, several government organizations and non-governmental organizations (NGOs) worldwide have undertaken various initiatives to improve agricultural soil quality. For instance, the Soil Testing Program by Birla White is an initiative to educate farmers in India about soil fertility and productivity. The team conducted soil testing in their mobile soil van for 122 farmers across different villages. Such instances will drive the environmental testing market growth during the forecast period.
Key Environmental Testing Market Trend
The rise in partnerships and collaborations is one of the key environmental testing market trends that is contributing to market growth. Generally, collaborations are undertaken by environmental testing providers to leverage one another's USP. Collaborations let companies take advantage of the customer base, technology, financial capabilities, and R&D capabilities of their partners to increase their market share and establish their presence in the global market. For instance, Agilent Technologies, in collaboration with Nanyang Environment and Water Research Institute (NEWRI), develops approaches for testing and monitoring Asia's water supply. The research is conducted in Singapore to provide access to clean water in Southeast Asia. Water schemes are being developed in Asia, and such collaborations add value to these schemes. These rise in partnerships and collaborations will fuel the environmental testing market growth during the forecast period.
Key Environmental Testing Market Challenge
High operational costs is one of the factors hindering the environmental testing market growth. The vendors in the market are divided into large and small laboratories based on their revenue generation. However, based on laboratory size, there can be diseconomies of scale for environmental testing laboratories. Small or medium-scale laboratories tend to make higher profits than large-scale laboratories as the former conduct simpler tests and process lower sample volumes. In comparison, large laboratories are affected by high operational costs. They tend to have higher-cost structures than small laboratories. Personnel costs, which are considered the largest component of costs for laboratories, are much higher among large laboratories, along with administrative and overhead costs, which are progressive in nature as laboratories grow in size. Thus, these factors will limit the environmental testing market growth during the forecast period.
This environmental testing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global environmental testing market as a part of the global life science tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the environmental testing market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the environmental testing market encompasses successful business strategies deployed by the key vendors. The environmental testing market is fragmented and the vendors are deploying growth strategies such as offering innovative services to end-users to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The environmental testing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the environmental testing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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31% of the market's growth will originate from APAC during the forecast period. China and Australia are the key markets for the environmental testing market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of environmental monitoring programs will facilitate the environmental testing market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic negatively impacted various industries in the region. However, in H2 2021, the demand for environmental testing products in the region returned to normal as testing laboratories reopened, which led to the resumption of their environmental testing services. The need for soil testing has continued to be an essential component of soil health even amid the pandemic. Due to these factors, the regional environmental market will continue to witness growth during the forecast period.
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The environmental testing market share growth by the air testing segment will be significant during the forecast period. Air testing involves monitoring the air quality, the gas levels in the environment, ozone depletion, and pollution rates. The monitoring of air quality, specifically in a community or other designated areas, to know the air quality of a particular area in correspondence to standard parameters drives the growth of the segment. Moreover, vendors in the market are providing a range of air testing services such as emission tests, air testing of ambient air and indoor air quality in buildings and workplaces, and soil gas testing. Such offerings will drive the environmental testing market size growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the environmental testing market size and actionable market insights on post COVID-19 impact on each segment.
Environmental Testing Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.51% |
Market growth 2022-2026 |
$ 3.79 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.36 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 31% |
Key consumer countries |
US, China, Australia, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Advanced Environmental Testing and Research Lab, Alpha Analytical Inc., ALS Ltd., American Environmental Testing Laboratory LLC, AnaLabs Inc., Apal Agricultural Laboratory, AS International Corporation Ltd., AsureQuality Ltd., Bureau Veritas SA, EMSL Analytical Inc., Eurofins Scientific SE, Hydrologic Associates, Intertek Group Plc, Merieux NutriSciences Corp., Microbac Laboratories Inc., Pace Analytical Services LLC, RJ Hill Laboratories Ltd., SGS SA, Symbio Laboratories, and TUV SUD AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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