Certification
services ensure that a product has been manufactured following the
specified global standards; hence it is safe and secure. The
standards are developed, designed and published by the different
government organizations and non-government standardization
institutions globally. The growing demand for safety and quality
services are one of the major driving factors for Certificates
Market globally. Furthermore, companies involved in
certificates industry offers services such as shipments valuation
performance of products, industrial inspection, outsourcing of
laboratories, ensuring imports comply with international and domestic
standards and supplier evaluation among others. The certificates
market has been segmented by application into consumer products,
petroleum, environmental compliance, agriculture, and mining among
others. Furthermore, environmental compliance is segmented into soil,
air, water and occupational hygiene. Petroleum segment is segmented
into biofuels, refined petroleum products, petroleum cargo, feedstock
and others. In addition, Consumer products is segmented into
appliances, accessories, apparel , textiles, food & beverage,
footwear, juvenile products, personal care, toys among others.
Agriculture is further divided into seed and crop, food safety and
quality, commodities and others. Mining is further segmented into
mineral processing, geo-analytics, mine site laboratory, mineralogy
among others.
Certificates ensure
proper assurance to the end-users and customers that the global
regulations standards have been strictly followed by the
manufacturing companies in order to meet the product quality. The
growth of certificates market has increased globally, owing to the
increasing consumer awareness about the product quality in every
sector. Furthermore, the robust growth of the certificates industry
is also influenced by growing globalization of international
standards and laws along with introduction of new standards due to
the improved safety standards and legislation and development of
technology. Growing number of trade practices exports globally is
fueling the certificates market. Products without authentic
certification are not considered for sale in certain countries.
Companies primarily focus on proper certification through quality
check and audit for business expansion. Furthermore, audit along with
follow-up processes through different certification bodies assures
that the company has standard safety management systems. The lack of
domestic government directives and internationally accepted standards
are some of the restraining factors may hinder the growth of this
market.
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North America and
Europe dominated the market for certificates market in 2014 in terms
of revenue followed by Asia Pacific. U.S. dominates the market for
certificates market in North America. UK and Germany dominates the
market for certificates in Europe. Economies such as China, Japan,
India, Australia and Malaysia across Asia Pacific are potential
market for certificates market. Changing consumer perception about
safety and quality is creating positive impact on the market for
certificates market in Rest of the World.
Some of the Key
Players operating in the certificates market are ALS Global
in Australia, Bureau Veritas SA in France, The British Standards
Institution in U.K., Dekra Certification GmbH in Germany, SAI Global
in Australia, Intertek Group PLC in U.K., TÜV SUD Group in Germany,
UL LLC in U.S., AsureQuality Limited in New Zealand and SGS Group in
Switzerland among others.
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