That China The market for environmental testing, inspection and certification is expected to grow at a robust CAGR of 7.2% during the forecast period of 2022 to 2032, followed by a growth rate in 2032 with a US participation of 19.8%.
NEWARK, Del., September 22, 2022 /PRNewswire/ — The global market for environmental assessment, inspection and certification is expected to reach US$33,237.9 million in 2032where the market is growing positively CAGR of 6.4% from the forecast period 2022 to 2032. Upscaling from a value of US$15,648.6 million In 2021, the market for environmental assessment, inspection and certification is expected to reach estimated value US$17,873.8 million in 2022. The increasing environmental concerns from around the world will drive the demand for environmental testing, inspection and certification during the forecast period.
In recent years, more and more emphasis has been placed on environmental protection and sustainability. In order to maintain sustainable growth, green tax policies, green marketplaces, better management of natural resources, and effective waste management programs must be adopted internationally.
Governments around the world create policies and regulations to control pollution and protect the environment. Due to these regulations established by the governments of various nations, the market for environmental assessment, inspection and certification is expected to grow rapidly during this observation period.
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In addition, increasing consumer awareness of natural resource, water and soil degradation, sustainable living and environmental protection will spur market growth for environmental testing, inspection and certification.
As more companies market goods with government-certified eco-friendly labels, the target market is likely to be presented with several lucrative opportunities. The expanding construction, healthcare, industrial, consumer electronics and others are also creating opportunities for the environmental testing, inspection and certification market during the forecast period.
“The increasing environmental crisis coupled with increasing conservation efforts by private and government organizations is expected to spur growth in the environmental testing, inspection and certification market over the forecast period,” says an FMI analyst.
The central theses:
- Increasing demand for infrastructure development to facilitate growth opportunities for the market.
- The increased need for soil testing will fuel the market growth.
- The target market in China is expected to post a robust CAGR of 7.2%.
- The US will account for about 19.8% of the market share during the forecast period.
- 2022, Germany will reach a market value of US$1,424.0 million.
- By product type, the test segment will hold about 57.2% of the market share.
- In terms of the end consumer, the agribusiness will maintain high demand.
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SGS SA, Intertek Group, Bureau Veritas, Yara International ASA, ALS Ltd, Assure Group Quality, Exova, SCS Global, RJ Hills Laboratories, APAL Agriculture, TÜV Nord AG, Eurofins Scientific, GE Healthcare and Life Sciences, Danaher, Agrolab Group, SAI Global Limited, Cawood Scientific, HRL Holdings Ltd, EnviroLab, SESL Australia, among others, are some of the major players in the environmental testing, inspection, and certification market that are featured in the full version of the report.
Leading market players are focused on product enhancements and improving their product offerings. The release of new products and services, partnerships and collaborations are certain strategies of these companies.
Learn more about the Environmental Auditing, Inspection, and Certification market report
In its latest report, FMI provides an unbiased analysis of the global Environmental Testing, Inspection and Certification market with historical data from 2012-2021 and forecast statistics for 2022-2032. To understand the global market potential, growth and the scope that the market is segmented by product type (testing, inspection, certification), end users (agriculture, construction, government institutes and research and development laboratories, industrial product manufacturers, other end users), sample type (water testing, air testing, soil testing, building materials), waste testing, fuel/oil testing ), Test Type (Toxins, Chemicals, Pathogens, Physical Properties, Metal, Organics, Nutrients/Elements/Minerals, Inorganics, pH Test, Other Types), and Region.
According to the latest FMI reports, based on region, the market for environmental assessment, inspection and certification is in China is expected to show substantial growth during the forecast period. The market in this country is expected to register a CAGR of 7.2%. This growth is due to the implementation of strict environmental regulations, the increasing need for better product quality and the strong presence of key market players. Apart from China, Germany and the US are projected to bring several lucrative opportunities to the environmental testing, inspection and certification market during the forecast period.
Based on the segmentation, by product type, trial segment, and on the basis of end-user, the agriculture segment is expected to lead the market growth over the forecast period.
Key segments covered in Environmental Testing, Inspection and Certification market analysis
By product type:
By End User:
- construction industry
- Government institutes and R&D laboratories
- Manufacturers of industrial products
- Other end users
By sample type:
- water tests
- air test
- soil test
- building material
- waste inspection
- Fuel/Oil Check
By test type:
- Physical Properties
- organic matter
- pH test
- Other kinds
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Table of Contents
1.1. Global Market Outlook
1.2. Trends on the demand side
1.3. Trends on the supply side
1.4. Technological road map
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Restrictions
3. Major Market Trends
3.1. Key trends affecting the market
3.2. Product innovation / development trends
4. Key Factors for Success
4.1. Product acceptance / usage analysis
4.2. Product USPs / Features
4.3. Strategic advertising strategies
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