Hyderabad, July 25, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Agricultural Testing Market Report (2023-2028)," the market is estimated at USD 5.70 billion in 2023. It is expected to register a CAGR of 5.70% during the forecast period.
Agricultural testing is the analysis of soil, water, seeds, and other samples to determine their quality and contaminant content, ensuring healthy soil composition for optimal crop growth. The market for agricultural testing is experiencing high growth and popularity, particularly in developed and commercialized regions, driven by environmental safety and agricultural productivity regulations, increased demand for agricultural products, and the need for periodic soil testing.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 5.70 billion |
| Market Size (2028) | USD 7.52 billion |
| CAGR (2023-2028) | 5.70% |
| Study Period | 2018-2028 |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Forecast Units | Value (USD billion) |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | Need for higher food safety and quality. |
| Increased demand for agricultural products. |
Who are the Top Companies in the Global Agricultural Testing Market?
The global agricultural testing market is moderately consolidated. Numerous government-operated laboratories provide various agricultural testing services to farmers worldwide. Companies compete based on equipment quality and promotion. They focus on strategic moves like new services, partnerships, and acquisitions to gain larger market shares.
The significant players in the global agricultural testing market are,
- Eurofins Scientific
- Agilent Technologies Inc.
- SCS Global Services
- Bureau Veritas SA
- ALS Limited
- Element Materials Technology
- TUV Nord Group
- Apal Agricultural Laboratory
- Intertek Group PLC
- EMD Millipore Corporation
- BioMerieux SA
- Aurea Agrosciences
- 3M Company
- Charm Sciences Inc.
- Neogen Corporation
- Biolumix Inc.
Other Reports That Might Be of Your Interest:
- North America Food Safety Testing Market Report - The North American food safety testing market size is estimated at USD 5.97 billion in 2023. It is expected to reach USD 7.77 billion by 2028, at a CAGR of 5.39% during the forecast period (2023-2028).
- Food Packaging Testing Market Report - The global food packaging testing market size is estimated at USD 4.15 billion in 2023. It is expected to reach USD 6.17 billion by 2028, at a CAGR of 8.22% during the forecast period (2023-2028).
Key Highlights from the Global Agricultural Testing Market Report:
Regulations and Legislations for Safety
- Regulations and legalizations concerning environmental safety and agricultural productivity are found to be the key drivers driving the agricultural testing market globally. Governments are taking proactive measures to ensure agriculture and food safety.
- Sample testing is becoming increasingly popular in commercialized agriculture countries to maintain the export growth of agricultural commodities. Seed and soil testing have also gained popularity, with organizations like the International Seed Testing Association (ISTA) developing standard procedures in seed trade.
- The growing need to address issues and challenges in the agricultural supply chain and food safety is creating significant market potential for agricultural testing products.
North America Dominates the Market
- North America is the largest market for agricultural testing globally, with the United States offering attractive market potential, primarily due to stringent food safety, environmental, and agricultural regulations, along with the presence of numerous agriculture testing service providers in the region.
- Electrophoretic and serological methods are increasingly used in seed testing in the region. The electrophoretic method is used for assessing seed storage proteins and identifying cultivar purity, while serological methods are suitable for species identification and determining the species composition of admixtures.
- The shift in consumer preference toward higher food safety and quality standards is driving the need to maintain soil properties for quality production.
What are the Latest Developments in the Global Agricultural Testing Market?
- In February 2023, Hill Laboratories signed a joint partnership agreement with Merieux Nutrisciences to provide comprehensive solutions for food businesses in New Zealand, encompassing food safety testing and auditing services.
- In November 2022, SCS Global Services launched a new certification program to distinguish plant-based brands based on rigorous auditing, testing, and labeling requirements.
Mordor Intelligence has Segmented the Global Agricultural Testing Market Based on Sample and Geography.
- By Sample (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Water Testing
- Soil Testing
- Seed Testing
- Bio-Solids Testing
- Manure Testing
- Other Samples
- By Geography (Market Size and Forecast based on Value (USD billion), 2018-2028)
- North America
- United States
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Russia
- Spain
- Rest of Europe
- Asia-Pacific
- India
- China
- Australia
- Japan
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Africa
- South Africa
- Rest of Africa
- North America
In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Global Agricultural Testing Market Report (2023-2028).
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About Mordor Intelligence:
Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
Our market research reports are comprehensive and provide exclusive data, facts and figures, trends, and the competitive landscape of the industry.
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