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Global Agricultural Testing Market Analysis & Trends - Industry Forecast to 2028

Global Agricultural Testing Market Analysis & Trends - Industry Forecast to 2028

  • July 2021
  • 154 pages
  • ID: 6127588
  • Format: PDF
  • Accuray Research LLP

Summary

Table of Contents

Agricultural Testing: Market Size

From $5.55 billion in 2020, the global Agricultural Testing market is projected to reach $10.74 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 8.6% from 2020 - 2028 timeframe.


Some of the prominent trends that the market is witnessing include, growing complexities in the supply chain, regulations and legalizations about environmental safety and technological advancements in the testing industry.

Global Agricultural Testing Market: Market Dynamics

Agricultural testing helps in analyzing the appropriate input requirements and resources that are to be supplemented for optimal growth of the plant. Apart from determining the contamination level, testing also helps determine the composition and other characteristics, such as the acidity or pH level of the given sample. A soil test can help in defining the fertility level and the need for trace elements, etc., of a given soil type. The market is anticipated to witness robust growth with rise in demand for agricultural products, which results in increased production, thereby, creating a need for periodical soil testing.

The inclination of consumer preference towards a higher standard of food safety and quality in terms of chemical residues, creates the necessity to maintain the soil properties for quality production, thereby, boosting the market growth during the forecast period.

On the other hand, the improper enforcement of regulatory laws is likely to obstruct the profit boundaries. In addition, rise in the outbreaks of foodborne illnesses and growth in industrialization will further boost for the agricultural testing market.

Impact of COVID-19 on Agricultural Testing

The outbreak of COVID-19 has little impact on the agricultural testing market. Since the supremacy of quality assurance in agricultural testing is attributable to the fact that it aids in resolving major problems related to soil fertility, identifying required nutrients essential for more robust growth and development of crops and other agricultural produce and available water quality for irrigational facilities, which fall under the category of essential commodities, the market is very lightly impacted by the prevailing pandemic across the world.

By Application

Contaminants Segment Dominate the Market in 2020

The contaminants segment made huge revenue in 2020 and growing its prominence during the forecast period. Safety testing of agricultural samples is performed to test samples for contaminants such as heavy metals, toxins, pathogens, pesticides, genetically modified organisms (GMOs), and other organic contaminants. Increasing significance given to safety laws for agricultural produce and food commodities is expected to boost the market for this segment during the forecast period.

By Geography

North America Region is Leading in the Global Market Place

North America is likely to have a huge demand in the forecast period owing to an existing demand for testing of seeds in the region due to the requirements of certifications for the United States seeds and grains. The Seed Regulatory and Testing Division (SRTD) performs tests on agricultural and vegetable seeds to ensure high efficiency and orderly marketing of seeds and to support in the development of new or expanding markets. These factors collectively are aiding the growth of the market.

List of the Key Players Profiled in the Market Include:

• 3M Company
• Agilent Technologies Inc.
• ALS Limited
• Apal Agricultural Laboratory
• Aurea Agrosciences
• Biolumix Inc.
• BioMerieux SA
• Bureau Veritas SA
• Charm Sciences Inc.
• Element Materials Technology
• EMD Millipore Corporation
• Eurofins Scientific
• Intertek Group PLC
• Neogen Corporation
• SCS Global Services

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others

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