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The Environmental Testing Market is Driven by the Rising Concern for Environmental Pollution and Degradation
The environmental testing market is characterized by the presence of a large number of global players that have adopted growth strategies such as expansions & investments. For instance, SGS S.A. (Switzerland) opened its new laboratory in Kenya, to test pesticides for Maximum Residue Limits (MRL) in 2014.
The emerging markets of Asia-Pacific, Latin America, and Africa have opened new opportunities in the environmental testing market. The environmental testing market is highly fragmented and competitive, with several global players continuously adopting development strategies to strengthen their position in the developing economies. The key players of the industry are entering developing markets. For instance, SGS S.A. (Switzerland) opened its new seed testing laboratory in China to meet the increasing demand for seed testing and analysis services.
The environmental testing market is driven by the rising concern for environmental pollution and degradation, increasing regulations for environmental protection, active participation of government to monitor environmental conditions, and emerging customized cost- & time- effective solutions.
Few key players are focusing immensely on acquisitions to expand their global presence in the emerging economies. For instance, Eurofins Sceintific (Luxembourg) acquired Analytical Technology (Brazil) one of the leading environmental testing service providers in Brazil to strengthen its market presence.
Environmental Testing Market by Sample (Wastewater/Effluent, Soil, Water, & Air), Contaminant (Microbiological, Organic, Heavy Metal, Residue, & Solids), Technology (Conventional & Rapid), & Region - Global Trend & Forecasts to 2019
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