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Indian Chemical & Biological Testing Market - Forecast(2024 - 2030)
Indian Chemical & Biological Testing Market Overview
Indian chemical & biological testing market size is forecasted to reach US$7.5 billion by 2027, after growing at a CAGR of 10.6% during the forecast period 2022-2027. Chemical and biological testing enable companies, authorities, and other parties to establish the chemical and biological parameters of a product/subject or a test obtained from food or the surrounding environment. These characteristics and attributes must meet legal standards or other restrictions. Chemical and biological testing is utilized in food & beverage, agriculture, and other industries to test the biodegradable dissolved organic carbon, polycyclic aromatic hydrocarbon, and other contents. The growth of the Indian chemical industry is primarily driving the Indian chemical and biological testing market growth. Moreover, the bolstering pharmaceutical industry in India is projected to drive the demand for chemical and biological testing market in India to ensure proper elemental analysis, material testing, and more, which will accelerate the market growth in India. Although the Covid-19 pandemic had caused a roadblock to the market growth of various industries, the surge in pharmaceutical production, food & beverage, and other essential industries benefited the Indian chemical & biological testing market.
Report Coverage
The "Indian Chemical & Biological Testing Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Indian chemical & biological testing industry.
By Type: Microbiology Analysis (Pathogens (E.Coli, Salmonella, Campylobacter, Listeria, and Others) and Non Pathogens), Pesticides, Allergen Analysis, Lipids, Fats & Oil Analysis, Genetically Modified Organisms (GMO), Material Testing, Toxins Analysis, and Others
By End-Use Industry: Chemical (Paints and Coatings, Polymers, Advanced Chemicals, Cleaning Chemicals, Agrochemicals, and Others), Pharmaceuticals, Food and Beverage, Educational, Metallurgy, and Others
Key Takeaways
Figure: Indian Chemical & Biological Testing Market Revenue, 2021-2027 (US$ Billion)
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Indian Chemical & Biological Testing Market Segment Analysis – By Type
The material testing segment held a significant portion of the Indian chemical & biological testing market share in 2021 and is forecasted to grow at a CAGR of 10.8% during the forecast period 2022-2027. Chemical testing and analysis are critical for regulatory compliance as well as understanding the quality and composition of chemicals and materials used in commodities, industrial processes, and production. Thus, chemical & biological testing is vital for testing the materials. Moreover, material testing is employed in various industries such as chemicals, pharmaceuticals, metallurgy, and more to ensure the chemicals used in these industries do not exceed the set permissible limits, which may cause harm to human health and the environment. Moreover, the surging investment in the Indian pharmaceutical research and development activities, new manufacturing facilities growth related to medicine in India, and other factors are also playing a vital role in the surging adoption of material testing. Thus, due to the above-mentioned factors, the adoption of material testing is surging in India. This, in turn, is propelling the Indian market growth.
Indian Chemical & Biological Testing Market Segment Analysis – By End-Use Industry
The chemical industry held a significant share in the Indian chemical & biological testing market in 2021 and is forecasted to grow at a CAGR of 11.0% during the forecast period 2022-2027. Chemical and biological testing are used in the chemical industry because chemical and biological indicators are test systems that contain viable microorganisms and levels of dangerous chemicals, with a well-defined resistance to a particular sterilizing method. These features of chemical and biological testing ensure superior chemical quality within the regulatory limits. Factors such as the expansion of the chemical manufacturing facilities in India, the new factory developments, and other similar factors are accelerating the Indian chemical industry growth in the region. For instance, according to Invest India, the production activities related to major chemicals increased in India to 73.04 lakh tons during 2021-22 over 59.08 lakh tons during 2020-2021, an increase of 23.62%. Hence, the growth of the chemical industry in India is accelerating the adoption of chemical and biological testing in India, which, in turn, is spurring the market growth in India.
Indian Chemical & Biological Testing Market Drivers
Bolstering Pharmaceutical Production
Biological safety testing is often performed in the pharmaceutical industry to ensure that biopharmaceutical commodities such as medications, treatments, vaccines, blood and blood-derived products, stem cell, tissue banks, and other biologics are free of contamination. The surging regulatory scrutiny, government initiatives, and domestic price regulations are the key determinants driving the pharmaceutical industry's growth in India. For instance, according to Invest India, in 2021, India's pharmaceutical sector was valued at US$41.7. Also, India's pharmaceutical industry is anticipated to grow to US$65 billion by 2024 and US$120 billion by 2030. Furthermore, India is the world's largest provider of generic medications, accounting for 20% of worldwide supply by volume, and the world's leading vaccine manufacturer. Hence, the bolstering pharmaceutical industry is fueling the demand for biological testing. As a result, the surging demand for biological testing is monetarily benefiting the market growth in India.
Indian Government Aiding the Growth of Chemical Testing Facilities
The Indian government has launched and supported Startup India. It aims to create a robust ecosystem that fosters startup growth. The chemical and biological testing providers are benefited from such governmental initiatives. For instance, National Small Industries Corporation (NSIC) implemented the Testing Labs Scheme (which added its new parameters in 2020), which developed multiple NABL / BIS-accredited testing laboratories and provides material and product testing, energy audits, and facilities, thereby boosting their overall competitiveness. Therefore, the Indian government measures aiding the growth of the chemical and biological testing growth in India are driving the Indian chemical & biological testing market growth.
Indian Chemical & Biological Testing Market Challenges
High Cost of Testing
Chemical and biological testing has several advantages, including detection of chemical and microbe levels, compliance with regulation, and more. However, on the flip side of this, the high cost of chemical testing is restricting the market growth in India. For instance, according to the National Chemical Laboratory (NCL), the testing cost of a chemical with 00/400 MHz NMR -Solid state is INR 12,000 (US$154.49) per sample, and the chemical with 500 MHz NMR -Solid state is 14,000 (US$180.24) per sample, and other chemicals have different charges. The high cost of chemical testing increases the overall cost of the products. Hence, the high cost of the testing is one of the major factors, which may limit the Indian chemical & biological testing market growth.
Indian Chemical & Biological Testing Industry Outlook
Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the Indian chemical & biological testing market. Indian chemical & biological testing top 10 companies are:
- Spectro Analytical Labs
- TUV SUD South Asia
- SGS India
- UL India
- Intertek India
- Modern Testing Service India
- Eurofins Product Testing India
- Sigma Test and Research Centre
- Ecolab
- Alpha Test House
Recent Developments
- In December 2021, TUV SUD began construction in Bengaluru, India, on a new state-of-the-art facility for testing and certifying pharmaceutical materials (active and non-active) to national and international standards. This new facility is set to open in early 2023. The new facility opening like these will benefit the Indian chemical and biological testing market growth.
- In November 2021, Eurofins acquired Modern Testing Services (MTS), a chemical and biological testing provider. The company acquired Modern Testing Services testing facilities in India.
- In November 2019, Eurofins launched a new product testing laboratory in Tiruppur, India. The scope of the laboratory testing will include color fastness qualities, mechanical and physicochemical test parameters.
Report Code: CMR 71938
Report Code: CMR 47412
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