Cannabis Testing Market Size is projected to reach USD 3.6 Billion by 2030, growing at a CAGR of 11.92%: Straits Research

New York, United States, March 09, 2023 (GLOBE NEWSWIRE) -- Cannabis testing refers to the process of analyzing and evaluating cannabis products to ensure their quality, safety, and compliance with regulatory standards. Cannabis testing includes a wide range of analytical techniques such as potency testing, residual solvent analysis, pesticide screening, terpene profiling, and microbial testing. The cannabis industry has seen a surge in demand for testing services due to the increasing legalization of cannabis for medical and recreational purposes across the globe. The accurate testing of cannabis is crucial in ensuring the safety of consumers and preventing harmful effects caused by contaminated or adulterated products.

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Market Dynamics

The global cannabis testing market is influenced by various factors, including the growing demand for cannabis for medical and recreational purposes, the increasing legalization of cannabis in various countries, and the need for quality control and safety regulations. The increasing prevalence of chronic diseases and the growing use of cannabis for pain management and other medical applications are driving the demand for cannabis testing. Moreover, the increasing awareness of the adverse effects of contaminated or adulterated cannabis products and the need for safety testing is expected to drive the growth of the cannabis testing market.

On the other hand, the high cost of testing equipment and the lack of standardization in testing procedures may hinder the market growth. Additionally, the shortage of skilled professionals in cannabis testing and the regulatory challenges associated with cannabis testing may pose challenges to market growth. Nevertheless, the growing trend of cannabis legalization and the increasing investments by key players in the development of advanced cannabis testing methods are expected to create lucrative opportunities for the market players in the coming years.

Segmental Analysis

The cannabis testing market can be segmented by test type and end-user. In terms of test type, it is further divided into heavy metal testing, microbial analysis, and potency testing. Heavy metal testing is performed to identify the presence of harmful metals like lead, arsenic, and mercury in cannabis products, which can be dangerous to human health. The microbial analysis is done to detect the presence of harmful bacteria, yeast, and mold that can cause infections and illnesses. Potency testing measures the concentration of cannabinoids in the product, including THC and CBD.

In terms of end-users, the market is segmented into cannabis cultivators and cannabis drug manufacturers. Cannabis cultivators use testing services to ensure the quality of their products and comply with regulations. They also use testing to optimize their growing methods and improve the overall quality of their crops. Cannabis drug manufacturers use testing to ensure that their products meet regulatory standards and are safe for consumption. They also use testing to develop new products and improve existing ones.

Report Scope

Report Metric	Details
Market Size	USD 3.6 Billion by 2030
CAGR	11.92% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022–2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Test Type, By End-User
Geographies Covered	North America, Europe, Asia-Pacific, LAME, and the Rest of the World
Key Companies Profiled/Vendors	Agilent Technologies Inc., Danaher Corporation, MERCK KGAA, Perkin Elmer, Restek Corporation, SC Laboratories, Shimadzu Corporation, Steep Hill
Key Market Opportunities	The high Growth Potential of Cannabis Testing in Untapped Emerging Economies is a Major Opportunity for Professionals
Key Market Drivers	Growing Demand for Cannabis Legalization for Medical Purposes

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Regional Analysis

The global cannabis testing market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominates the cannabis testing market due to the increasing legalization of cannabis for both medical and recreational purposes in various states of the US and Canada. Additionally, the presence of major players and advanced testing facilities in the region further contribute to market growth. Europe is also expected to witness significant growth in the cannabis testing market due to the increasing acceptance of medical cannabis and the growing demand for quality assurance testing.

List of Top Cannabis Testing Market Manufacturers

1. Agilent Technologies Inc.
2. Danaher Corporation
3. MERCK KGAA
4. Perkin Elmer
5. Restek Corporation
6. SC Laboratories
7. Shimadzu Corporation
8. Steep Hill

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Cannabis Testing Market Segmentation

By Test Type

• Heavy Metal Testing
• Microbial Analysis, Potency Testing

By End-User

• Cannabis Cultivators
• Cannabis Drug Manufacturers

By Region

• North America
• Europe
• Asia-Pacific
• Latin America and Middle-East & Africa

TABLE OF CONTENT

1. EXECUTIVE SUMMARY
2. RESEARCH SCOPE & SEGMENTATION
   1. Research Objectives
   2. Market Definition
   3. Limitations & Assumptions
   4. Market Scope & Segmentation
   5. Currency & Pricing Considered
3. MARKET OPPORTUNITY ASSESSMENT
   1. Emerging Regions / Countries
   2. Emerging Companies
   3. Emerging Applications / End Use
   4. Investment Landscape
   5. New Business Models / Revenue Streams
   6. TAM
4. MARKET TRENDS
   1. Drivers
   2. Market Warning Factors
   3. Latest Macro Economic Indicators
   4. Geopolitical Impact
   5. Human Factors
   6. Technology Factors
5. MARKET ASSESSMENT
   1. Porters Five Forces Analysis
   2. Value Chain Analysis
   3. Sales And Distribution Channel Analysis
   4. Trade Analysis
   5. Average Pricing Analysis
   6. Patent Analysis
   7. M & A Agreements & Collabration Analysis
   8. Cost Structure Analysis
6. ESG TRENDS
7. GLOBAL CANNABIS TESTING MARKET SIZE ANALYSIS
   1. Global Cannabis Testing Market Introduction
   2. By Test Type
      1. Introduction
         1. Test Type By Value
      2. Heavy Metal Testing
         1. By Value
      3. Microbial Analysis, Potency Testing
         1. By Value
   3. By End-User
      1. Introduction
         1. End-User By Value
      2. Cannabis Cultivators
         1. By Value
      3. Cannabis Drug Manufacturers
         1. By Value
8. NORTH AMERICA MARKET ANALYSIS
   1. Introduction
   2. By Test Type
      1. Introduction
         1. Test Type By Value
      2. Heavy Metal Testing
         1. By Value
      3. Microbial Analysis, Potency Testing
         1. By Value
   3. By End-User
      1. Introduction
         1. End-User By Value
      2. Cannabis Cultivators
         1. By Value
      3. Cannabis Drug Manufacturers
         1. By Value
   4. U.S.
      1. By Test Type
         1. Introduction
            1. Test Type By Value
         2. Heavy Metal Testing
            1. By Value
         3. Microbial Analysis, Potency Testing
            1. By Value
      2. By End-User
         1. Introduction
            1. End-User By Value
         2. Cannabis Cultivators
            1. By Value
         3. Cannabis Drug Manufacturers
            1. By Value
   5. Canada
9. EUROPE MARKET ANALYSIS
   1. Introduction
   2. By Test Type
      1. Introduction
         1. Test Type By Value
      2. Heavy Metal Testing
         1. By Value
      3. Microbial Analysis, Potency Testing
         1. By Value
   3. By End-User
      1. Introduction
         1. End-User By Value
      2. Cannabis Cultivators
         1. By Value
      3. Cannabis Drug Manufacturers
         1. By Value
   4. U.K.
      1. By Test Type
         1. Introduction
            1. Test Type By Value
         2. Heavy Metal Testing
            1. By Value
         3. Microbial Analysis, Potency Testing
            1. By Value
      2. By End-User
         1. Introduction
            1. End-User By Value
         2. Cannabis Cultivators
            1. By Value
         3. Cannabis Drug Manufacturers
            1. By Value
   5. Germany
   6. France
   7. Spain
   8. Italy
   9. Russia
   10. Nordic
   11. Benelux
   12. Rest Of Europe
10. APAC MARKET ANALYSIS
    1. Introduction
    2. By Test Type
       1. Introduction
          1. Test Type By Value
       2. Heavy Metal Testing
          1. By Value
       3. Microbial Analysis, Potency Testing
          1. By Value
    3. By End-User
       1. Introduction
          1. End-User By Value
       2. Cannabis Cultivators
          1. By Value
       3. Cannabis Drug Manufacturers
          1. By Value
    4. China
       1. By Test Type
          1. Introduction
             1. Test Type By Value
          2. Heavy Metal Testing
             1. By Value
          3. Microbial Analysis, Potency Testing
             1. By Value
       2. By End-User
          1. Introduction
             1. End-User By Value
          2. Cannabis Cultivators
             1. By Value
          3. Cannabis Drug Manufacturers
             1. By Value
    5. Korea
    6. Japan
    7. India
    8. Australia
    9. Taiwan
    10. South East Asia
    11. Rest Of Asia-Pacific
11. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By Test Type
       1. Introduction
          1. Test Type By Value
       2. Heavy Metal Testing
          1. By Value
       3. Microbial Analysis, Potency Testing
          1. By Value
    3. By End-User
       1. Introduction
          1. End-User By Value
       2. Cannabis Cultivators
          1. By Value
       3. Cannabis Drug Manufacturers
          1. By Value
    4. UAE
       1. By Test Type
          1. Introduction
             1. Test Type By Value
          2. Heavy Metal Testing
             1. By Value
          3. Microbial Analysis, Potency Testing
             1. By Value
       2. By End-User
          1. Introduction
             1. End-User By Value
          2. Cannabis Cultivators
             1. By Value
          3. Cannabis Drug Manufacturers
             1. By Value
    5. Turkey
    6. Saudi Arabia
    7. South Africa
    8. Egypt
    9. Nigeria
    10. Rest Of MEA
12. LATAM MARKET ANALYSIS
    1. Introduction
    2. By Test Type
       1. Introduction
          1. Test Type By Value
       2. Heavy Metal Testing
          1. By Value
       3. Microbial Analysis, Potency Testing
          1. By Value
    3. By End-User
       1. Introduction
          1. End-User By Value
       2. Cannabis Cultivators
          1. By Value
       3. Cannabis Drug Manufacturers
          1. By Value
    4. Brazil
       1. By Test Type
          1. Introduction
             1. Test Type By Value
          2. Heavy Metal Testing
             1. By Value
          3. Microbial Analysis, Potency Testing
             1. By Value
       2. By End-User
          1. Introduction
             1. End-User By Value
          2. Cannabis Cultivators
             1. By Value
          3. Cannabis Drug Manufacturers
             1. By Value
    5. Mexico
    6. Argentina
    7. Chile
    8. Colombia
    9. Rest Of LATAM
13. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. Cannabis Testing Market Share By Manufacturers
    3. Cannabis Testing Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
14. MARKET PLAYERS ASSESSMENT
    1. Agilent Technologies Inc.
       1. Overview
       2. Business Information
       3. Revenue
       4. ASP
       5. Gross Margin
       6. Swot Analysis
       7. Recent Developmments
    2. Danaher Corporation
    3. MERCK KGAA
    4. Perkin Elmer
    5. Restek Corporation
    6. SC Laboratories
    7. Shimadzu Corporation
    8. Steep Hill
15. RESEARCH METHODOLOGY
    1. Research Data
       1. Secondary Data
          1. Major Secondary Sources
          2. Key Data From Secondary Sources
       2. Primary Data
          1. Key Data From Primary Sources
          2. Breakdown Of Primaries
       3. Secondary And Primary Research
          1. Key Industry Insights
    2. Market Size Estimation
       1. Bottom-Up Approach
       2. Top-Down Approach
       3. Market Projection
    3. Research Assumptions
       1. Assumptions
    4. Limitations
    5. Risk Assessment
16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
17. DISCLAIMER

Table of Content @ https://straitsresearch.com/report/cannabis-testing-market/toc

Market News

• In June 2022, Agilent Technologies Inc. signed MOU with Mahidol University for Science Industry Research and Development in Thailand.
• In May 2022, Danaher Corporation joined Bespoke Gene Therapy Consortium (BGTC) for rare disease research and prevention measures.
• In June 2022, MERCK KGAA and Agilent technologies signed a collaboration deal to fill up the industry gap in process analytical technology.
• In June 2022, Perkin Elmer launched two assays for the quantification of SARS –CoV-2 antibodies.

News Media

Cannabis Testing Market to Reach USD 2,727.59 Million by 2026 at a CAGR of 11.6%

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