Agricultural Testing Market is expected to reach $7.51 billion, growing with a CAGR of 5.5%, during the forecast period of 2018 to 2025, says Esticast Research and Consulting
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As per the report “Agricultural Testing Market By Sample (Soil, Water, Seed, Manure, Bio-solids), By Technology (Conventional, Rapid), By Application (Quality assurance, Contaminant testing), Industry Trends, Estimation & Forecast, 2017 – 2025″.
In 2017, the soil testing segment generated the highest revenue share. Among major regions, the Asia Pacific was the highest revenue generating market in 2017. Among major regions, North America was the highest revenue generating region in 2017.
“Depreciation in soil productivity due to human induced degradation, inadequate usage of fertilizers and persistently hiking demand for agro based food products, are the most influencing factors which are catalyzing the demand for agricultural testing methodologies throughout the world. However, lack of knowledge and high cost involved in these procedures might hamper the growth of the market”
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Soil Testing has emerged out as the most adopted agricultural testing procedure globally
Testing of soil samples is mainly conducted in order to determine its level of nutrients, contaminated content, composition, pH level and various other characteristics of soil. Moreover, the type of soil, moisture level, texture and soil chemistry are the core components which determine the types of crops which could be grow in a particular region, coupled with the yield which could be produced. Continuous mismanagement and exploitation of fields, due to lack of knowledge, has led to an extended level of human-induced soil degradation. As per USDA, only about 3% of the global land surface can be considered as prime or Class I land, suitable for high yield agriculture. Desertification is experienced on 33% of the global land surface and affects more than one billion people, half of whom live in Africa. Contamination of soil occurred by the wastewater, industrial effluents and strong chemical fertilizers is also a major factor which is leading agriculturists and farmers to opt for soil testing before growing a particular type of crop on their lands. The soil testing segment holds more than 1/3rd of the total revenue generated by the overall agricultural testing market in 2017.
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Agricultural Testing Market by Type, 2017
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Owing to the increasing awareness among people and stringent government regulations, North America dominates the agricultural testing market
Within the past two decades, agricultural testing has emerged out as a highly prominent procedure, especially among the commercialized and developed regions of North America. Regulations and legitimizations associated with the environmental safety and agricultural productivity are the major propellants for the market development in the very region. Apart from that, countries such as the U.S and Canada have some of the most stringent standards regarding the import and export quality of agro-products. This is the major reason which has expanded the application of these sophisticated testing procedures, especially among the mid-sized and large sized crop producers of the region. However, Asia-Pacific market is expected to grow with the highest CAGR in the near future. An exponential rise in the development of agricultural technology in the countries such as India, China and Australia is anticipated to drive the regional market with a swift pace.
Global Agricultural Testing Market by Geography, 2017
Some major companies of the agricultural testing market are SGS, Bureau Veritas, Intertek , Eurofins TÜV Nord Group Merieux, AsureQuality, RJ Hill Laboratories, Agrifood Technology, Apal Agricultural Laboratory, SCS Global, and ALS Limited.