Global Agricultural Testing Market
The global Agricultural Testing market was valued at USD 4.46 billion in 2016 and is projected to reach USD 7.34 billion by 2025, growing at a CAGR of 5.7% from 2017 to 2025.
Agricultural testing has become an important component of food quality testing owing to growing usage of chemicals such as insecticides and pesticides. The increasing consumer awareness regarding organic food products is expected to boost demand for agricultural testing services.
1. Market Drivers
1.1 Stringent food regulations
1.2 High demand for quality and sustainable agricultural practices
2. Market Restraints
2.1 High cost and extensive sample preparation require expert analysts to use advanced testing technologies
2.2 Lack of education about agricultural regulations
The global Agricultural Testingmarket is segmented on the sample, applicationand region.
1. By Sample:
1.1 Soil Testing
1.2 Water Testing
1.3 Manure Testing
1.4 Compost Testing
1.5 Bio-Solids Testing
1.6 Seeds testing
2. By Application:
2.1.1 Chemical Residues
2.2 Quality Assurance
2.2.1 Chemical Quality Assurance
2.2.2 Physical Quality Assurance
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. R J Hill laboartories Ltd.
3. ALS Limited
4. Eurofins Scientific SE
5. Bureau Veritas SA
6. SCS Global Services
7. Agilent Technologies
8. Apal Agricultural Laboratory
9. SGS SA
10. TUV Nord Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Agricultural Testingmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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