According to Custom Market Insights (CMI), The Global Agricultural Testing Market Size was valued at USD 5 billion in 2021 and is estimated to reach USD 8 billion by the end of 2030 at a CAGR of approximately 6.5% during the forecast period 2022-2030.
Browse the full “Agricultural Testing Market Size, Trends and Insights By Sample (Soil, water, Seed, Plant tissue, Manager, Biosolids), By Application (Quality assurance, Safety testing), By Technology (Rapid technology, Conventional technology), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” report at https://www.custommarketinsights.com/report/agricultural-testing/
Market Dynamics
Drivers
As various nations across the globe have adopted stringent regulations for ensuring the quality and safety of food products and agricultural products, the demand for agricultural testing will grow in the coming years as there were major disruptions in the supply chain during the pandemic.
The demand for these services has grown well. Due to the increase in diseases caused by foodborne chemicals and the contamination of various food products, the demand for agricultural testing will continue to grow in the coming years. Regulatory authorities are adopting this technology to overcome cases of poisoning and illnesses. The violators of the regulations and the policies need to pay a heavy amount, and at times the licenses of these people are also revoked. Such drastic steps have led to the market’s growth in recent years as the government focuses on providing quality and safe products to its consumers for the nation.
Restraints
The market stakeholders do not properly coordinate with the infrastructure needed for agricultural testing. Demand for the enforcement of proper measures for testing various samples has grown in recent years, and the shortage of infrastructure in many developing nations of the world will hamper the market growth during the forecast.
Opportunities
Many small farmers present across the globe that have not used these services will be at risk of poisoning or contamination, and their agricultural produce may induce the same. But these underdeveloped and developing regions where these farmers are involved in agricultural practices will help grow the market in the coming years. The investments made in such regions by the market players will provide good opportunities for market growth in the coming years.
Challenges
Even though there is a presence of regulatory policies, the enforcement and implementation of these policies are not proper. The coordination between the stakeholders and the infrastructure of various underdeveloped and developing nations is less all of these factors will challenge the market growth in the coming years. To implement these services, a good amount of expertise is needed, and the lack of this expertise in underdeveloped and developing regions will inhibit growth in the coming years. Also, the infrastructure required for agricultural testing is expensive, and it cannot be acquired by many underdeveloped regions, due to which the market growth will be hampered in the coming years.
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Report Highlights
The soil testing segment will dominate the market in the coming years due to increasing soil contamination cases. Increased pollution has been a major driving force for the growth of this segment. The industrial effluents that are let out on the soil and the wastewater from these industries will create more demand for soil testing in the coming years.
Rapid technology shall be adopted on a large scale for testing various samples as it is highly sensitive. The amount of time required for testing and acquiring the results with the help of rapid technology is less than the conventional technology due to the major adoption of these technologies in the coming years. Different types of bacteria can be assessed with the help of these technologies compared to the conventional type. The amount of accuracy in the results provided by the use of rapid technology like spectrometry and chromatography is more due to the increasing demand for these technologies in recent years.
Quality assurance has played an important role in the market’s growth as there has been a growth in the demand for quality products across the globe. To understand the nutrient content of the soil as well as the fertility of the soil, the demand for quality assurance with the help of agricultural testing will increase in the coming years. Safety testing will help access the levels of pathogens and toxins in various samples. The presence of pesticides and heavy metals will also be detected with the help of the safety testing method. Many regulations and laws are adopted by the government of various regions to ensure the safety of food products, due to which the demand for quality assurance and safety testing will grow in the coming years.
Regional Snapshots
North American region is expected to dominate the market in the coming years; this region had a market share of about 1874.9 million U.S. dollars, which was the largest compared to the other regions. They shall be good potential for the market’s growth in this region as many key market players are present. There shall be an increased demand for the testing of seeds in the country due to the certification required for the grains and the seeds produced in the United States.
The regulatory body has enforced a few regulations to help market these grains. The government body also assists in the expansion of the market. All of these factors will help in the growth of the North American region in the coming years. As the methods of Serological seed testing and electrophoretic seed testing have been adopted in the North American region, the market is expected to grow well in the coming years.
The consumption of quality food products has grown in recent years in developing and developed nations, creating more demand for these services across the globe. The agricultural testing market is also expected to grow in the European region due to this nation’s growing demand for agricultural food products. This region’s availability of good infrastructure and laboratories will drive market growth in the coming years. Asia Pacific region has also seen a growing demand for these services due to the supportive policies by the governments of various nations like India, China and Australia.
Market Players
- SGS (Switzerland)
- Eurofins (Luxembourg)
- TÜV Nord Group (Germany)
- Merieux (US) Bureau Veritas (France)
- Intertek (UK)
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