The global QA/QC certification services market was valued at almost USD 243 billion in 2016 and is expected to reach almost USD 296 billion by 2021
Procurement market intelligence analysts have announced their latest market research report on QA/QC certification services for the period 2017-2021. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the QA/QC certification services market during the forecast period. Some of the top vendors listed in this industry analysis include SGS, Bureau Veritas, Intertek, DNV GL, and TÜV Rheinland.
In terms of geographical analysis, the Americas is the largest contributor to the global QA and QC certification services market due to the presence of many pharmaceutical and biotechnology testing facilities, large-scale businesses, and multiple manufacturing facilities in the region.
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According to Angad Singh, a procurement specialist at Technavio for research on category spend intelligence, “The number of consumers who want to avoid chemicals and pesticides in their foods has increased, resulting in an increased need for certification process for organic foods. Organic food suppliers are adopting this certification to differentiate their products from non-organic food products.”
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The new procurement market intelligence report analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Rise in standards of quality
Majority of the big companies in this market space are undertaking initiatives to improve the quality of their products, especially with the increased focus given to expansion. Such developments involve tasks such as getting required regional certifications for different regions, if any. This, in turn, creates the need for QA-QC certification services leading to the growth of the market.
Increasing focus on sustainability
With adherence to environmental regulations made mandatory across countries and industries, buyers have started to outsource sustainability requirements to third-party firms. This is increasing the demand for QA and QC certification firms as they offer services like certifications on environmental responsibility.
Constantly changing regulations
Countries are rolling out mandatory regulations that need to be adhered by manufacturers. This trend is spurred by health and safety of consumers becoming a prime concern for governments across regions. Governments of many countries are updating regulations at regular intervals, resulting in a rise in the demand for QA and QC certification firms as these companies quickly adopt to new regulations and offer certifications for mandatory norms
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global QA QC Certification Services – Procurement Market Intelligence 2017’.
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