Market Research Report
Ecotoxicological Studies Market Size, Share & Trends Analysis Report By Service (Aquatic Ecotoxicology, Sediment Ecotoxicology), By Region (North America, Europe, APAC, LATAM, MEA), And Segment Forecasts, 2021 - 2027
|Ecotoxicological Studies Market Size, Share & Trends Analysis Report By Service (Aquatic Ecotoxicology, Sediment Ecotoxicology), By Region (North America, Europe, APAC, LATAM, MEA), And Segment Forecasts, 2021 - 2027|
Published: December 15, 2020
Grand View Research, Inc.
Content info: 98 Pages
Delivery time: 2-10 business days
The global ecotoxicological studies market size is expected to reach USD 1.3 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.6% from 2021 to 2027. Ecotoxicological studies are conducted to estimate the effects of toxic substances on an ecosystem and are based on scientific research by both laboratory and field methods. The growth of the pharmaceutical and biopharmaceutical industries is likely to drive the market. Stringent regulatory requirements and favorable government support are further contributing to market growth. Most regulatory authorities require ecotoxicity testing using various organisms. The U.S. Environmental Protection Agency (EPA) recommends specific tests, organisms, and toxicity endpoints to calculate the risk from Plant Protection Products (PPPs), such as pesticides, and has developed guidelines for ecological risk assessments to assess the likelihood of plant and wildlife toxicity as well as environmental fate.
The increasing number of chemicals such as synthetic hormones and pharmaceuticals are used on a daily basis all over the world. In Europe, approximately 100,000 chemicals are currently used during the manufacturing of drugs. With the exception of pesticides that are released into the environment purposely, many chemicals enter the environment due to their use through different paths. Hence, to assess risks from chemicals to the ecosystem, toxicity data on chemicals is required.
Ecotoxicological studies are conducted and reported as per the globally validated standard test guiding principles and Good Laboratory Practices (GLPs). For instance, GPLs provided by the U.S. Environmental Protection Agency (EPA) and Organization for Economic Co-operation and Development (OECD) are required by many regulatory frameworks for environmental or ecological hazard and risk assessment of chemicals. There are various documents that include requirements of environmental safety, such as the Biocidal Product Directive (BPR), OSPAR, and European REACH regulation.