Environmental Testing Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

Environmental Testing Market size was valued at USD 8,563.9 billion in 2021 and is expected to grow at a CAGR of 5.2% from 2022-2028. The global market provides a detailed overview of the market and that can be segmented by sample type, By Technology Type, By Target Tested, and End-user. By Sample Type, The Environmental Testing market has been segmented into Wastewater/Effluents, Soil, Water, Air. By Technology Type Rapid, Conventional. The Wastewater/Effluents, segment is likely to be the largest and fastest-growing segment in terms of type. Based on Technology Type the Environmental Testing market is segmented into Rapid, Conventional.  Among these, the Conventional segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on Target Tested, the Environmental Testing market is segmented into Microbial Contamination, Organic Compounds, Heavy Metals, Residues, Solids, and Others. The Microbial Contamination segment accounts for the largest share in 2021. Organic Compounds is the second-largest share during the forecast period 2021-2028. Based on the end-user has been segregated into Agriculture and Irrigation Sector, Government Institutes, R&D Laboratories, Industrial Product Manufacturers, Forestry, Geology, and Others. The Agriculture and Irrigation Sector segment is expected to dominate other segments in the Environmental Testing market.

Recent Market Developments:

In July 2019, SGS acquired the assets and operations of Forensic Analytical Laboratories, Inc (FALI), based in California and Nevada, USA. This will give SGS a leading global position in industrial hygiene testing, which is part of its Environment, Health, and Safety business.