Ecotoxicological Studies Market (By Service: Aquatic Ecotoxicology, Sediment Ecotoxicology, Terrestrial Ecotoxicology, Avian Ecotoxicology, Pollinator Testing; By Application: Laboratory, Academic Institute, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027
The market for ecotoxicological studies is expected to grow at a CAGR of around 3.9% from 2020 to 2027 and expected to reach the market value of around US$ 1,320.7 Mn by 2027.
Ecotoxicology is a science that considers physical, chemical, biological, and social (human health) factors, primarily to study the fate and effects of toxic substances in ecosystems. Basically, ecotoxicology is an applied sub-discipline of toxicology and a multidisciplinary field, which integrates toxicology and ecology, with a focus on the toxicological impacts of contaminants on wildlife including native fauna and flora. To meet the goals of ecotoxicology, research is conducted using a diverse range of species from biochemical to ecosystem with the goal to develop mechanistic relationships that help in understanding and predicting toxicological effects.
Market Dynamics
The growing pharmaceutical and biopharmaceutical industries, stringent regulatory requirements and favorable government support, and an increasing number of chemicals such as synthetic hormones and pharmaceuticals are driving the market growth. The expanding number of drug and biopharmaceutical organizations coupled with the rising danger to water biological system is propelling the market growth. The toxic chemicals propose the risk of killing off animals and their food supply that result in a change of the overall ecosystem. The increasing health risk associated with the consumption of poisoned animals or plants in humans and animals is another factor bolstering market growth. Chemicals can also prohibit the growth of seed germination of an arrangement of different plant species which may affect the overall plant family. Furthermore, technological advancement and rising concern towards the conservation of the ecosystem is projected to create potential opportunities over the forecast period.
On the other side, the increasing adoption of alternative methods in the market is projected to limit the growth to an extent over the forecast period from 2020 to 2027.
Regional Instance of Global Ecotoxicological Studies Market
Europe accounted for the maximum revenue share in the ecotoxicological studies market
In 2019, Europe has registered a major revenue share in the global market and the region is also projected to maintain its dominance throughout the forecast period on account of its consistent efforts for maintaining the environmental balances. The presence of major regulatory authorities including the European Chemical Agency (ECHA), Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), and the European Centre for Ecotoxicology and Toxicology of Chemicals (ECETOC) Polymers Task Force are further boosting the regional market value. The presence of major players in the region is an important factor boosting market growth. Major players like SGS SA are offering services by complying with the guidelines issues by Biologische Bundesanstalt für Land-und Forstwirtschaft (BBA–Germany’s Federal Biological Research Centre for Agriculture and Forestry), Organisation for Economic Co-operation and Development (OECD), Deutsches Institut für Normung (DIN–German Institute for Standardization), International Organization for Standardization (ISO), European and Mediterranean Plant Protection Organization (EPPO), Commission of European Communities (CEC), Environmental Protection Agency (EPA), and European Center for Ecotoxicology and Toxicology of Chemicals (ECETOC).
Asia Pacific is projected to experience fastest growth during the estimated period
Asia Pacific is projected to exhibit the fastest growth over the forecast period from 2020 to 2027. The ongoing industrial development along with the rising disposal of chemicals into the environment leads to the increased risk of ecological imbalances by contamination of water bodies and the soil is further supporting the regional market growth. The rising government support for environmental conservation is further bolstering the regional market value. The rising awareness about ecotoxicological studies and their benefits to the environment and lives is further bolstering the regional market value.
Key Market Players
The players profiled in the report include Charles River Laboratories, Covance, Inc., ECOtest, S.L., Eurofins Agroscience Services Group, Fera Science Limited, INTOX Pvt. Ltd., Microbiotests Inc., Noack Laboratorien GmbH, SGS SA, Smithers, and Toxicon AB.
Market Segmentation
Market By Service
Aquatic Ecotoxicology
Sediment Ecotoxicology
Terrestrial Ecotoxicology
Avian Ecotoxicology
Pollinator Testing
Market By Application
Laboratory
Academic Institute
Others
Market By Geography
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
What will be the market value of the global ecotoxicological studies market?
The market for ecotoxicological studies is expected to reach a market value of around US$ 1,320.7 Mn by 2027.
At what CAGR, the ecotoxicological studies market is expected to grow during the forecast period (2020-2027)?
The ecotoxicological studies market is expected to grow at a CAGR of around 3.9% from 2020 to 2027.
What are the leading segments by service in the ecotoxicological studies market?
Aquatic ecotoxicology, sediment ecotoxicology, terrestrial ecotoxicology, avian ecotoxicology, and pollinator testing are the leading segments by service in the ecotoxicological studies market.
What are the key drivers of the global ecotoxicological studies market?
The growing pharmaceutical and biopharmaceutical industries, stringent regulatory requirements and favorable government support, increasing number of chemicals, and increasing risk associated with the consumption of poisoned animals or plants are some of the factors driving the market growth.
Which are the prominent players in the ecotoxicological studies market?
Charles River Laboratories, Covance, Inc., ECOtest, S.L., Eurofins Agroscience Services Group, Fera Science Limited, INTOX Pvt. Ltd., Microbiotests Inc., Noack Laboratorien GmbH, SGS SA, Smithers, and Toxicon AB are the prominent players in the market.
Which region held the highest market share in the ecotoxicological studies market?
Europe region held the highest market share in the ecotoxicological studies market
Which region is expected to be the fastest growing market over the forecast period?
North America is expected to be the fastest growing market over the forecast period
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