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North America Soil Fertility Testing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Test Type and Method

North America Soil Fertility Testing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Test Type and Method

  • August 2021
  • 83 pages
  • ID: 6134410
  • Format: PDF
  • The Insight Partners

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The soil fertility testing market in North America is expected to grow from US$ 1,122.08 million in 2021 to US$ 1,508.11 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

Improving and strengthening agricultural practices through increased investments and supportive government measures are mainstream in the developing regions of North America.The rising need of ensuring food security to support the demands of increasing population has propelled the adoption of soil fertility testing solutions and services in developing regions.

For instance, the agrarian facilities in Mexico is still in a developing phase, wherein crops are generally deprived of certain nutrients.Moreover, the continent has low access to soil fertility testing equipment and chemical fertilizers, which can be associated with their high costs.

However, significant government investments in the agricultural sector coupled with an increasing base of manufacturers in the region is expected to boost the demand for soil fertility testing in the region.Further, rapid pace of urbanization, along with the growing concerns related to food security, has propelled the utilization of soil fertility testing to boost productivity in the region.

In addition, the positive government approach towards boosting the production and application of such techniques to maximize agricultural produce in the region has further accelerated the market growth. For instance, the International Atomic Energy Agency (IAEA) assists its member states in developing and implementing nuclear-based technologies for increasing soil fertility practices, thereby boosting crop intensification and natural resource conservation.

The US has the highest number of confirmed cases of COVID-19 compared to Mexico and Canada.This is likely to impact the agriculture industry, overall production processes, research & development activities, and supply chain.

However, with the industry’s revival, governments are resuming operations while taking safeguards that come at the expense of debt and budgetary imbalance. For instance, the US federal government has taken steps to implement the COVID-19 Food Assistance Program, with the goal of giving US$ 16 billion in direct payments to farmers, which will indirectly boost the demand for soil fertility testing as this testing will help farmers to grow nutrient rich crops.

The soil fertility testing market is segmented based on test type and method.Based on test type, the market is segmented into physical, chemical, and biological.

In 2020, the chemical segment held the largest share in the market.Chemical tests for soil have emerged as a monitoring tool for avoiding excessive nutrient input to the farm system.

The chemical testing includes pH meters, salinity testing equipment, and test kits & reagents.In addition, the chemical soil test indicates the concentration of vital plant nutrients such as phosphorus, nitrogen, potassium, humus content, available lime, organic matter, sulphur, trace elements, and other physical properties such as capacity, permeability, density, pH - value.

With the help of a chemical test, it is easier to determine the amount of fertilizer needed to achieve high and quality yields based on the nutrient content of the soil for a certain yield. Some of the advantages of soil chemical testing are that it helps in crop production optimization, protects the environment from contamination caused by runoff and leaching of excess fertilizers, helps in the diagnosis of plant culture problems, and improves the nutritional balance of the growing media.

The North America soil fertility testing market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the North America soil fertility testing market with respect to all the market segments.Also, multiple primary interviews have been conducted with industry participants to validate the data as well as to gain more analytical insights into the topic.

The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America soil fertility testing market. SGS SA; Eurofins Scientific; ALS; Water Agricultural Laboratories, Inc.; A&L Great Lakes; Agrocares; Water Agricultural Laboratories, Inc.; and Activation Laboratories Ltd. are among the leading companies in the market.

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