The Europe environmental testing market size is expected to reach USD 5.41 billion in 2024 and reach USD 7.36 billion by 2029, growing at a CAGR of 6.34% from 2024 to 2029.
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 the 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.
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, and increasing instances of health issues 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 are expected to restrict the market growth.
The wastewater/effluent testing followed by soil testing has the largest share in 2016 due to the generation of wastewater in industries.
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 rapid technology segment has the largest share owing that the technology is quick, accurate, and user-friendly.
In Europe, Germany leads the Environmental Testing market, followed by France and U.K. The market in this region is projected to grow strongly during the forecast period due to various factors such as growing awareness about environmental contaminants, financial strength to procure expensive tools, and government rules and regulations.
Key players in the environmental testing market include 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.
Frequently Asked Questions
As per the Market Data Forecast report analysis Europe environmental testing market size is expected to reach USD 5.41 billion in 2024 and reach USD 7.36 billion by 2029.
In Europe environmental testing market, Germany leads the Environmental Testing market, followed by France and U.K
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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