South Korea Ecotoxicological Studies Market Size & Outlook
South Korea ecotoxicological studies market, 2018-2030 (US$M)
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South Korea ecotoxicological studies market highlights
- The South Korea ecotoxicological studies market generated a revenue of USD 18.7 million in 2023 and is expected to reach USD 24.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, aquatic ecotoxicology was the largest revenue generating service type in 2023.
- Sediment Ecotoxicology is the most lucrative service type segment registering the fastest growth during the forecast period.
Ecotoxicological studies market data book summary
| Market revenue in 2023 | USD 18.7 million |
| Market revenue in 2030 | USD 24.7 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Aquatic ecotoxicology |
| Fastest growing segment | Sediment Ecotoxicology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aquatic Ecotoxicology, Sediment Ecotoxicology, Terrestrial Ecotoxicology, Avian Ecotoxicology, Pollinator Testing |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Charles River Laboratories International Inc, Eurofins Scientific SE, Smithers Quality & Certification, Aragen, Fera Science Ltd |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.7% of the global ecotoxicological studies market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ecotoxicological studies market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 118.1 million by 2030.
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Ecotoxicological Studies Market Scope
Ecotoxicological Studies Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea ecotoxicological studies market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ecotoxicological studies market will help companies and investors design strategic landscapes.
Aquatic ecotoxicology was the largest segment with a revenue share of 43.85% in 2023. Horizon Databook has segmented the South Korea ecotoxicological studies market based on aquatic ecotoxicology, sediment ecotoxicology, terrestrial ecotoxicology, avian ecotoxicology, pollinator testing covering the revenue growth of each sub-segment from 2018 to 2030.
Stringent regulatory requirements in South Korea is contributing to market growth. The Ministry of Environment (MoE) is accountable for the registration and evaluation of chemical substances under KREACH.
The country revised its laws with new chemical notifications in January 2015. The earlier Toxic Chemical Control Act (TCCA) was divided and recast as: The Chemicals Control Act (CCA) , The Act on the Registration and Evaluation of Chemicals.
The Act on the Registration and Evaluation of Chemicals (ARECS) came into effect in January 2015 and regulates the designation of hazardous chemical substances through registration and evaluation where the CCA regulates control & follow-up management of hazardous chemicals designated by K-REACH. However, various amendments that have been in K-REACH came into effect in January 2019.
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Our clientele includes a mix of ecotoxicological studies market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea ecotoxicological studies market, including forecasts for subscribers. This country databook contains high-level insights into South Korea ecotoxicological studies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea ecotoxicological studies market size, by service type, 2018-2030 (US$M)
South Korea Ecotoxicological Studies Market Share, 2023 & 2030 (US$M)
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