U.S. Environmental Testing Market
According to a new report published by Allied Market Research, the US environmental testing market size was valued at $2.3 billion in 2020, and projected to reach $3.8 billion by 2030, with a CAGR of 5.2% from 2021 to 2030.
Environmental testing is a process where specific methods are used to detect and analyze contaminants in the environment. Environment sampling and analysis results are used to make decisions regarding the cleanup of contaminated areas and water distribution systems to protect public health in case of chemical, biological, or radiological contamination incident. These sample are collected from air, water, soil, and other areas.
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The major companies profiled in this US environmental testing industry report include Alpha Analytical, Inc., American Environmental Testing Laboratory, LLC., Agilent Technologies, Inc., Eurofins Scientific, EMSL Analytical, Inc., Hydrologic Associates USA, Inc., Intertek Group plc, Microbac Laboratories, Inc, Mérieux NutriSciences Corporation, Pace Analytical Services, LLC, Thermo Fisher Scientific Inc, and Teledyne Technologies Incorporated.
Increase in awareness among the citizens and the government regarding the environmental degradation compared to past decade drives the growth of the market.
Presence of huge agricultural farms along with technological development in the U.S has led to the application of scientific farming hence, increasing the demand for soil testing.
Increase in awareness among people regarding health drives the growth of the pharmaceutical and medical market in this country. Aforementioned factors drive the growth of the U.S. environmental testing market.
Increase in investment of the government as well as private institutions to improve the environmental conditions drives the market growth.
Presence of high competition and need for huge capital for the operation of the company is hampering the development of the market.
In addition, lack of skilled workforce and shortage of equipment used for environmental testing hinder the market growth.
Testing procedures require good equipment that ensures good cooperation between the manufacturing companies and government testing services to drive the market.
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The US environmental testing market is witnessing growth because of rapid industrialization and ever-growing infrastructure activities.
The presence of huge farmland and fast-food culture in US is another factor for the demand for environmental testing due to the utilization of fertilizers, and food additives.
The presence of huge population and increasing disposal of income among the people to buy commercial products is another factor driving the market growth.
The increase in the investment of the government to curb the environment degradation is another factor which will provide opportunity for the development of the market.
Depending on sample, it is classified into wastewater, air, soil, and water. The wastewater segment contributed nearly 50% of market revenue in 2020.
On the basis of contaminant, it is fragmented into organic compounds, microbiological contaminants, residues, heavy metals, and solids. The organic compounds segment dominated the US environmental testing market share by 46% in 2020.
By technology, it is divided into conventional method and rapid method. The rapid method segment garnered the 80% of market share in 2020.
Impact Of Covid-19 On The Us Environmental Testing Market
The decrease in demand for many non-essential products and shut down of electrical, automotive, and other manufacturing related industries has created a negative impact on the development of U.S environmental testing market
The increasing demand for environment friendly manufacturing products and increase in awareness among the people towards the environment will hamper the growth of U.S environmental testing market.
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This impact is mostly attributed to the significant disruptions in the raw material transportation, presence of low-labor, led to shutdown of many manufacturing industries led to decline of demand power hence decrease in the demand for U.S environmental testing market during this period.
