Dublin, Sept. 26, 2023 (GLOBE NEWSWIRE) -- The "Agriculture Soil Sampling and Testing Market - A Global and Regional Analysis: Focus on Application, Product, and Region - Analysis and Forecast, 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global agriculture soil sampling and testing market, valued at $3.76 billion in 2022, is projected to experience substantial growth, reaching $5.79 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 7.65% during the forecast period of 2023-2028.
This remarkable growth is attributed to various factors such as technological advancements, the adoption of precision agriculture, environmental concerns, regulatory pressures, optimized fertilizer use, and increasing awareness of the benefits of soil testing.
Market Overview
Agriculture soil sampling and testing have emerged as indispensable components of modern agriculture, supporting disease prevention, sustainable practices, and enhanced crop production. Governments' endorsement and expert recommendations underscore their pivotal role in maintaining soil health, preserving the environment, and ensuring agricultural prosperity.
Market Introduction
Soil-borne diseases pose a substantial threat to crop yields, resulting in significant losses due to inadequate soil testing and management practices. Agriculture soil sampling and testing play a critical role in disease prevention through a comprehensive approach. They assist farmers in assessing soil nutrient levels, pH, and the presence of soil-borne diseases that can harm crop growth and yield.
Impact
Soil testing aids farmers in understanding the specific nutrient requirements of their crops. By customizing fertilizer applications based on soil test results, farmers can create ideal growing conditions. This often leads to increased crop yields, improved crop quality, and overall plant health. Soil testing provides a scientific basis for managing fertilizer and soil amendment applications, ensuring that crops receive the right nutrients, ultimately resulting in increased yields and better crop quality.
Soil pH significantly affects nutrient availability to plants. Soil testing reveals the pH level, allowing farmers to take corrective measures such as adding lime or sulfur to adjust it if it's too acidic or alkaline. Balancing pH enhances nutrient uptake, fosters a healthier soil ecosystem, and supports beneficial microbial activity and root development.
Agriculture soil sampling and testing also help prevent excessive nutrient runoff and leaching into water bodies, which can lead to water pollution and ecosystem disruption. By managing nutrient application based on soil test results, farmers contribute to the protection of local water resources and maintain a more sustainable agricultural system.
Market Segmentation
End User:
- Crop Insurance Company: Crop insurance companies utilize soil testing data to assess and manage risk, enabling them to offer suitable insurance packages to farmers.
- Agriculture Cooperatives: Cooperatives rely on soil sampling and testing to provide valuable insights to their farmer members, promoting sustainable and profitable agriculture practices.
- Government and Research Institutes: Government agencies and research institutes conduct extensive soil testing for policy formulation, land management, and agricultural research.
- Agribusiness Company: Agribusinesses offer comprehensive soil testing services, including manual sampling, digital mapping, and laboratory services, to support sustainable agriculture.
- Others: Various stakeholders, including farmers, landowners, and environmental organizations, also contribute to the demand for soil sampling and testing services.
Testing Objective:
- Nutrient Testing: Nutrient testing assesses the nutrient content of soil, helping farmers optimize fertilization for crop growth.
- Moisture Testing: Moisture testing measures soil moisture levels to determine irrigation needs and prevent overwatering or drought stress.
- Acidity Test: Soil acidity tests determine pH levels and enable adjustments for optimal nutrient availability.
- Pesticides and Contamination Test: These tests identify the presence of pesticides, heavy metals, and contaminants, ensuring food safety and environmental protection.
- Others (Salinity Test, Carbon Test, and Soil Testing for Texture and Structure): Additional tests, such as salinity and carbon content assessment, help tailor soil management practices.
Product:
- Soil Testing: Soil testing products include manual sampling and testing kits, digital mapping platforms, soil sampling and testing-as-a-service, and professional laboratory services.
- Sampling Services: Sampling services encompass zone sampling and grid sampling, offering precision and accuracy in collecting soil samples.
Region:
- North America: The North America agriculture soil sampling and testing market is driven by stringent regulations, increasing consumer awareness, and technological advancements.
- Europe: Europe witnesses growing emphasis on sustainable agriculture and environmental protection, boosting the demand for soil testing services.
- South America: South America's market growth is attributed to expanding organic farming practices and efforts to reduce environmental impact.
- Rest-of-the-World: Other regions are also experiencing increased awareness of soil health and its impact on agriculture.
Key Companies in the Market
The global agriculture soil sampling and testing market is highly fragmented, with several large multinationals and many start-ups operating in it. Notable players include:
- HANNA INSTRUMENTS INC.
- LaMotte Company
- Ward Laboratories Inc.
- Midwest Laboratories
- Deveron Corp.
- Eurofins Scientific
- Earth Optics
- Brookside Laboratories
- SGS
- Woods End Laboratories
- ALS
- Agvise Laboratories
Key Questions Answered in the Report
- What is the estimated global agriculture soil sampling and testing market size in terms of revenue during the forecast period 2023-2028, and what is the expected compound annual growth rate (CAGR) during the forecast period 2023-2028?
- What are the key trends, market drivers, and opportunities in the market pertaining to the global agriculture soil sampling and testing market?
- What are the major restraints inhibiting the growth of the global agriculture soil sampling and testing market?
- What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
- What is the competitive strength of the key players in the global agriculture soil sampling and testing market on the basis of analysis of their recent developments, product offerings, and regional presence?
- How is the competitive benchmarking of the key global agriculture soil sampling and testing market players in the agriculture sector based on the analysis of their market coverage and market potential?
- How much revenue is each of the following segments expected to record during the forecast period, and what is the growth percentage?
- Which type of players and stakeholders are operating in the ecosystem of the global agriculture soil sampling and testing market, and what is their significance in the global market?
- Which are the leading consortiums and associations in the global agriculture soil sampling and testing market, and what are their roles in the market?
Market Dynamics
Drivers
- Increased Emphasis on Organic Farming
- Advancements in Soil Testing Technologies
Challenges
- Lack of Awareness and Education among Farmers
Opportunities
- Government Investment Support to Promote Soil Testing
- Growing Demand for Sustainable Agriculture
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 144 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $4.01 Billion |
| Forecasted Market Value (USD) by 2028 | $5.79 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/bltazt
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