Westford, USA, Dec. 08, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global agricultural testing market will attain a value of USD 11.60 Billion by 2031, with a CAGR of 7.1% during the forecast period (2024-2031). The growth of the agricultural testing market is driven by many factors such as increasing world population, along with the associated increase in food safety issues, and the quality and safety of agricultural products. Testing is crucial to detect impurities, chemicals, heavy metals or biological pathogens, so that appropriate steps can be taken to maintain the food safety standard. Advancements in technologies have enhanced various testing methods due to which agricultural testing has now become better and faster. Such improvements have increased integration of remote sensors, DNA assays, and rapid-diagnostic techniques that have streamlined the test performance and improved results.
Browse in-depth TOC on the "Global Agricultural Testing Market"
- Pages - 192
- Tables - 95
- Figures – 76
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Agricultural Testing Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $ 6.7 Billion |
| Estimated Value by 2031 | $ 11.6 Billion |
| Growth Rate | Poised to grow at a CAGR of 7.1% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Sample, Application, Technology, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Report Highlights | Strengthening regulatory mandates |
| Key Market Opportunities | Growing number of small testing laboratories |
| Key Market Drivers | Increasing sustainable practices in food safety |
Increasing Industrialization to Reduce Quality of Soil to Increase Demand of Agricultural Testing
Based on sample, the soil segment is dominating with the largest agricultural testing market share. Many countries globally are experiencing industrial growth, which has impacted the agricultural testing industry. Such increased environmental destruction has seen a rise in the demand for agricultural testing solutions because it reduces the quality of soil. Extensive testing will be carried out on the soil samples to assess fertility and the overall nutrients in the soil. Many advanced modern products are already available in the market that will help in the growth of the segment in the years to come.
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Increasing Concern Related to Quality of Food Products to Increase Demand for Quality Assurance Application
As per agricultural testing market analysis, the quality assurance application segment is dominating the market with the largest share. The high growth for the quality assurance segment is due to the rising concerns regarding the quality of the food products. The incidences of diseases due to intake of food have gone up due to which it has become necessary to certify the soil and seeds. Regulations set by the food and drug administration and other concerned governmental institutions are extremely strict, in order to ensure that the foods and all other products are safe for human consumption. One of the most critical aspects of these policies has been the use of agricultural testing solutions for quality control purposes.
Growing Requirement for Testing Seeds to Certify Seeds to Boost Market Growth in North America
North America is dominating the agricultural testing industry with the largest market share. This growth is particularly witnessed in the United States where there is a high interest in seed testing because of the requirements to certify seeds in the United States. This increasing demand for seed testing is due to the rising certification requirement for seeds. The seed regulatory and testing division (SRTD) has key responsibilities in the testing of agricultural seeds like controlling the marketing and distribution of seeds and advancing the market. Furthermore, the focus on food safety measures is also increasing. United States Centers for Disease Control and Prevention (CDC) has reported about 48 million cases of non-fatal foodborne diseases in a year. For this, the Federal Grain Inspection Service is now implementing a comprehensive testing methodology standardization.
Agricultural Testing Market Insights
Drivers
- Increasing sustainable practices in food safety
- Growing number of small testing laboratories
- Strengthening regulatory mandates
Restraints
- Long wait time for testing
- High testing cost increasing burden on farmers
- Low awareness on the effectiveness of testing
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Key Players Operating in Agricultural Testing Market
- SGS
- Eurofins
- Intertek
- Bureau Veritas
- ALS Limited
- TUV Nord Group
- Merieux
- AsureQuality
- RJ Hill Laboratories Limited
- SCS Global
- Agrifood Technology
- APAL Agricultural Laboratory
- Agvise Laboratories
- LGC Limited
- Water Agricultural Laboratories
Key Questions Answered in Agricultural Testing Market
- Which region is holding the largest market share?
- Who are the top players operating in the market?
- What is the CAGR value of the market?
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This report provides the following insights:
Analysis of key drivers (increasing sustainable practices in food safety, growing number of small testing laboratories), restraints (long wait time for testing, high testing cost increasing burden on farmers), opportunities (rising technology adoption), and challenges (low awareness on the effectiveness of testing) influencing the growth of agricultural testing market
- Market Penetration: Comprehensive information on the product offered by the top players in the Agricultural Testing market
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the agricultural testing market
- Market Development: Comprehensive information on emerging regions
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
- Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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