Sandy, Utah, United States, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights (CMI) has published a new research report titled “Cannabis Testing Market Size, Share, Growth Analysis Report By Products & Software, (Instruments, Consumable, LIMS), By Services (Heavy Metal Testing, Microbial Analysis, Potency, Residual Screening), By End-User (Cultivators, Laboratories, Research Institutes), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030” in its research library.
“According to the latest research study, the demand of global Cannabis Testing Market size & share was valued at approximately USD 1.5 Billion in 2021 and is expected to reach a value of around USD USD 3.0 Billion by 2030, at a compound annual growth rate (CAGR) of about 10.5% during the forecast period 2021 to 2030.”
Cannabis testing is the process of analyzing a single sample of cannabis to find out its THC, CBD, and terpene content as well as any contaminants, such as mold spores, pests, illnesses, or pesticide residues. What must be tested and printed on cannabis labels is subject to the rules and laws that each state and municipality imposes.
Click Here to Access a Free Sample Report of the Global Cannabis Testing Market @ https://www.custommarketinsights.com/report/cannabis-testing-market/
Additionally, individual farmers have the option of setting greater requirements, even going so far as to have the amounts of CBC and CBG in their samples evaluated. Only accredited laboratory technicians and chemists are qualified to conduct these tests. Until recently, cannabis cultivation and sales were prohibited on a global scale. Today, several nations are eliminating their bans on cannabis because they understand its medicinal benefits.
(A free sample of the Cannabis Testing report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Cannabis Testing report has been modified to include the COVID-19 impact study prior to delivery.)
Growth Factors
The two main reasons propelling the growth of the cannabis testing market are the rising demand for medicinal cannabis legalization in a number of nations and the rising adoption of LIMS in cannabis testing labs. Additionally, partnerships between significant businesses are anticipated to fuel industry expansion. However, it is anticipated that the market growth will be constrained by the high start-up costs of cannabis testing labs. These labs must spend a lot of money on the acquisition and upkeep of sophisticated, pricey analytical equipment.
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=10716
Segmental Overview
The sector for potency testing under Services is anticipated to increase at the quickest rate over the forecast period. The primary reasons anticipated to propel the cannabis testing services market are the increased quality testing of cannabinoids to enable accurate labeling of products in the medicinal and recreational markets and their expanding exports to nations with highly regulated markets.
Additionally, the potency testing service provides consumers with helpful information about the product’s quality, which supports the expansion of this market sector for cannabis testing services throughout the anticipated time frame.
Competitive Landscape
With their company profiles, current developments, and important market strategies, the study covers an in-depth competitive analysis of these major market participants for cannabis testing.
Some of the prominent players in the Global Cannabis Testing Market:
- Saskatchewan Research Council (SRC)
- SC Labs
- Steep Hill, Inc.
- SGS Canada Inc.
- CW ANALYTICAL
- Others
Key questions answered in this report:
- What is the size of the cannabis testing market and what is its expected growth rate?
- What are the primary driving factors that push the cannabis testing market forward?
- What are the Cannabis Testing Industry's top companies?
- What are the different categories that the Cannabis Testing Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the cannabis testing market sample report and company profiles?
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=10716
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2021−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the report [220 Pages] @ https://www.custommarketinsights.com/checkout/?reportid=10716
Recent Development
August 2021 – With the acquisition of pH Solutions, LLC in August 2021, PSI Labs, the top cannabis testing lab in Michigan and a safety compliance facility with ISO 17025 accreditation that provides basic cannabis testing services, expanded to Southern California. One of the first laboratories established in the State of California is pH Solutions, LLC.
Global Cannabis Testing Market: Report Scope
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 1.5 billion |
| Projected Market Size in 2030 | USD 3 billion |
| CAGR Growth Rate | 10.5% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2030 |
| Key Market Players | Saskatchewan Research Council (SRC), SC Labs, Steep Hill, Inc., SGS Canada Inc., CW ANALYTICAL, and Others |
| Key Segment | By Products & Software’s, Services, End-User, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Regional Overview
Over the forecast period, Europe is anticipated to experience the fastest growth. The growing legalization of cannabis in important European nations and the increased usage of the plant in medicine development and research should be the primary reasons driving the market for cannabis testing services. Additionally, the region’s cannabis product market is carefully regulated because most nations have outlawed goods with THC concentrations higher than 0.3 percent. Therefore, during the course of the forecast period, this is anticipated to drive market growth.
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Browse the full “Cannabis Testing Market Size, Share, Growth Analysis Report By Products & Software, (Instruments, Consumable, LIMS), By Services (Heavy Metal Testing, Microbial Analysis, Potency, Residual Screening), By End-User (Cultivators, Laboratories, Research Institutes), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/cannabis-testing-market/
Global Cannabis Testing Market: By Types of Services Analysis
- Potency Testing
- Terpene Profiling
- Heavy Metal Testing
- Pesticide Screening
- Microscopy Testing
- Residual Solvent Screening
- Others
Global Cannabis Testing Market: By End-User Services Analysis
- Cannabis Drug Manufacturers
- Cannabis Cultivators/Growers
- Others
By End-User
- Cultivators
- Laboratories
- Research Institutes
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Global Cannabis Testing Market: By Regional Segment Analysis
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=10716
Key Insights from Primary Research/Key Insights & Findings from the report:
- As per the analysis shared by our primary respondents, the Cannabis Testing market is expected to grow annually at a CAGR of around 10.5 %.
- Through primary research, it was established that the Cannabis Testing market was valued at around USD 1.5 Billion in 2021.
- Based on type segmentation, gas chromatography (GC) and high-performance liquid chromatography (HPLC) were predicted to show maximum market share in the year 2021.
- The key factor driving the market is the legalization of cannabis use for recreational and medical purposes will be the primary force behind future market trends.
- “North America” region will lead the global cannabis testing market during the forecast period 2022 to 2030.
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- 25% discount on your next purchase.
- Service guarantees are available.
- Personalized market brief by author.
Click Here to Get a Free Sample Report of the Global Cannabis Testing Market @https://www.custommarketinsights.com/request-for-free-sample/?reportid=10716
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