by Market Overview:
Agricultural testing involves soil and water testing to check nutrients, microbiology, and heavy metals. It also includes testing of seeds, manure, and plant tissue to ensure quality. The tests help farmers select suitable crops, maximize crop yield, and maintain soil health with balanced usage of fertilizers and chemicals.
Market key trends:
One of the key trends in the agricultural testing market is the increasing demand for rapid on-site testing kits. The handheld and portable testing kits offer instant results for soil nutrient testing, bacterial analysis, and pesticide residue screening. They enable quick decision making for farmers with respect to fertilizer requirements, crop protection measures and harvest timeline. This aids in improving farm efficiency and productivity.
The global Agricultural Testing Market Demand is estimated to be valued at US$ 6.1 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: Agricultural testing helps farmers and food producers ensure safety and quality of produce. It also protects consumers from contaminated or substandard food products.
Weakness: Agricultural testing is an additional cost for farmers and food businesses. There is also a lack of standardized testing protocols across regions.
Opportunity: With growing global population and demand for food, there is potential for increased testing of agricultural commodities. Adopting new technologies like IoT sensors can help expand testing capacity.
Threats: Stringent regulations and compliance standards pose challenges for testing labs and inspectors. Climate change effects also threaten crop yields, requiring more resilient testing solutions.
Key Takeaways
The global Agricultural Testing Market is expected to witness high growth, exhibiting a CAGR of 6.3% over the forecast period, due to increasing food safety concerns among consumers. Agricultural products are tested for pesticide residues, heavy metals, mycotoxins, and other contaminants to ensure safety.
North America currently dominates the agricultural testing market owing to stringent government norms and compliance mandates regarding food safety in the region. However, Asia Pacific is projected to witness the fastest growth during the forecast period with increasing awareness about testing standards, especially in China and India.
Europe follows North America with sizable market share due to well-established agricultural industry and consumer preference for certified organic foods in countries like Germany, UK, and Italy. Growth in Latin America and Middle East & Africa will be fuelled by implementation of new trade policies and regulations governing agricultural exports.
Key players operating in the Agricultural Testing Market are Eurofins Scientific, Agilent Technologies Inc., SCS Global Services, Bureau Veritas SA, ALS Limited, Element Materials Technology (EXOVA), TUV Nord Group, Apal Agricultural Laboratory, Intertek Group PLC, EMD Millipore Corporation (Millipore Sigma), BioMerieux SA, Aurea AgroSciences, 3M Company, Charm Sciences Inc., Neogen Corporation, and Biolumix. Leading firms are investing in R&D to develop testing kits, portable devices, and robotic machinery to handle the growing volume and complexity of agricultural sample analysis.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
