New York, United States , July 24, 2024 (GLOBE NEWSWIRE) -- The Global Agricultural Testing Market Size is to Grow from USD 6.6 Billion in 2023 to USD 13.05 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 7.05% during the projected period.
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Several methods are used to assess the quality of these samples to understand the extent of soil, water, and fertilizer pollution. All of this is covered by the agricultural testing services. An important growth in the farming testing sector is being driven by concerns about sustainable practices and food safety. The general public is becoming more conscious of food safety as a result of population expansion and urbanization. The shift in consumer preferences toward a higher standard of food safety and quality in terms of chemical residues, which will promote market expansion during the projection period, makes maintaining the soil attributes for quality production vital. Furthermore, the world market for agricultural testing is expanding due to several factors, including the growing population, urbanization, and industrialization, especially in emerging economies, which is creating a greater need for agricultural products. In agriculture, testing is necessary to ensure that genetically modified crops are produced without compromising the quality of the ingredients. Furthermore, the market for agricultural testing will grow as a consequence of the multiple laws that are being implemented by government agencies that are putting forward different environmental protection plans. Strict regulations about agricultural production and environmental safety will drive market expansion in the years to come. The market will benefit from the recent surge in demand for luxury commodities. However, the cost of testing different soil properties is high, and the process takes longer to prepare all of the samples that must be examined. Throughout the forecast period, they will hamper the market's expansion.
Browse key industry insights spread across 254 pages with 110 Market data tables and figures & charts from the report on the "Global Agricultural Testing Market Size, Share, and COVID-19 Impact Analysis, By Sample (Soil, Water, Seed, Plant Tissue, Manager, and Biosolids), By Application (Quality Assurance and Safety Testing), By Technology (Rapid Technology and Conventional Technology), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The soil segment is anticipated to hold the greatest share of the global agricultural testing market during the projected timeframe.
Based on the sample, the global agricultural testing market is divided into soil, water, seed, plant tissue, manager, and biosolids. Among these, the soil segment is anticipated to hold the greatest share of the global agricultural testing market during the projected timeframe. The rising industrialization of many different countries has led to an increase in the soil testing sector in recent years. The growing environmental degradation in this area has led to a rise in demand. The soil samples will be subjected to extensive agricultural testing to ascertain the soil's fertility and nutrient content. Several advanced new products are available on the market that will aid in the segment's growth throughout the coming years.
The quality assurance segment is predicted to grow at the fastest CAGR in the global agricultural testing market during the projected timeframe.
Based on the application, the global agricultural testing market is divided into quality assurance and safety testing. Among these, the quality assurance segment is predicted to grow at the fastest CAGR in the global agricultural testing market during the projected timeframe. Due to the recent rise in demand for premium food goods. These services would be responsible for completing the quality assessment of the soil due to the rise in food-related illnesses. To ensure the quality and safety of food products, government organizations have put in place stringent rules. The use of agricultural testing services for quality control is one of these regulations' key features.
The rapid technology segment is predicted for the highest revenue share in the global agricultural testing market during the estimated period.
Based on the technology, the global agricultural testing market is divided into rapid technology and conventional technology. Among these, the rapid technology segment is predicted for the highest revenue share in the global agricultural testing market during the estimated period. Rapid technology includes spectrometry and chromatographic technology, both of which are more accurate than conventional testing methods. Since it helps with testing for the presence of different microorganisms, this will support market expansion in the upcoming years. Rapid technology takes less time to examine various samples than traditional technologies. Around the world, many nations have utilized this advanced technology. Enzyme-linked immunosorbent assay and polymerase chain reaction are two other types of rapid technologies that are available for application.
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North America is expected to hold the largest share of the global agricultural testing market over the forecast period.
North America is expected to hold the largest share of the global agricultural testing market over the forecast period. The United States and other nations in North America have recently adopted the use of serological and electrophoretic technologies for seed evaluation. Customers' shopping preferences have changed dramatically in a lot of the world's nations. These days, consumers look for and select wholesome, premium food items. The increasing number of fruits and vegetables showing signs of chemical residues will make testing more necessary in the future years. These factors will lead to increased use of agricultural testing services in the North American region during the projection period.
Asia Pacific is predicted to grow at the fastest pace in the global agricultural testing market during the projected timeframe. The Asia-Pacific region, which is home to some of the most populated countries on earth, including China and India, is home to a sizeable share of the global population. Large-scale agricultural output is required to meet this densely populated region's growing food needs. Therefore, more agricultural testing is needed to ensure the output, quality, and security of agricultural products. In the Asia-Pacific region, rapid industry and urbanization have increased pollution levels and strained agricultural areas. This has raised questions about how urbanization and industrialization can impact agricultural productivity and safety. Agricultural testing helps identify and mitigate any contamination risks, ensuring the safety and sustainability of agricultural practices in the face of urban growth.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Agricultural Testing Market include SGS, Eurofins, Intertek, Bureau Veritas, ALS Limited, TUV Nord Group, Merieux, AsureQuality, RJ Hill Laboratories Limited, SCS Global, Agrifood Technology, APAL Agricultural Laboratory, Agvise Laboratories, LGC Limited, and Other key companies.
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Recent Developments
- In November 2022, Hill Laboratories and Merieux Nutrisciences had a cooperative partnership. Together, the teams at Mérieux NutriSciences and Hill Laboratories will provide the food industry in New Zealand with comprehensive solutions that include food safety testing and auditing services.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Agricultural Testing Market based on the below-mentioned segments:
Global Agricultural Testing Market, By Sample
- Soil
- Water
- Seed
- Plant Tissue
- Manager
- Biosolids
Global Agricultural Testing Market, By Application
- Quality Assurance
- Safety Testing
Global Agricultural Testing Market, By Technology
- Rapid Technology
- Conventional Technology
Global Agricultural Testing Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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