Latin America Environmental Testing Market Research Report – Segmented By Contaminant, Sample, Technology, And By Country (Brazil, Argentina, Mexico, Chile and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, And Forecast (2024 to 2029)

Updated On: June, 2024
ID: 4038
Pages: 145

Latin America Environmental Testing Market Size (2024 to 2029)

The Latin America environmental testing market size is expected to reach USD 2.56 billion in 2024 and is anticipated to reach USD 3.42 billion by 2029, estimated to be growing at a CAGR of 5.93% 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 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, increasing instances of health issue 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.

SEGMENT ANALYSIS

Latin America Environmental Testing Market Analysis By Sample

  • Effluent
  • Water
  • Soil
  • Air

The wastewater/effluent testing followed by soil testing has the largest share in 2016 due to the generation of wastewater in industries.

Latin America Environmental Testing Market Analysis By Contamination

  • Microbiological
  • Organic
  • Heavy metals
  • Residues
  • Solids

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.

Latin America Environmental Testing Market Analysis By Technology

  • Conventional
  • Rapid

The rapid technology segment has the largest share owing that the technology is quick, accurate and user-friendly.

COUNTRY ANALYSIS

  • Brazil
  • Argentina
  • Mexico

Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the environmental testing market.

KEY PLAYERS IN THE LATIN AMERICA ENVIRONMENTAL TESTING MARKET 

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.

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