Agricultural Testing Market Growth Accelerated by Expanded Testing Services
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| Agricultural Testing Market |
The agricultural testing market encompasses soil testing, seed testing, bio-stimulant testing, and other types of analyses that help farmers select suitable crops and maximize yields. Services including soil fertility & nutrition evaluation, contamination screening, and seed quality assurance help farmers boost productivity through customized soil & seed amendments and high-quality agricultural inputs.
The global Agricultural Testing Market is estimated to be valued at US$7.03 Mn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Expanded testing services is one of the key trends driving
growth in the agricultural testing market. The increasing awareness about the
importance of soil health, customized soil amendments, and certified seeds has
boosted demand for diverse agricultural testing services. Market players are
increasingly offering bundled and customized packages for on-field and
lab-based soil, seed, and plant tissue analysis customized to crops and
geographies. They are also collaborating with agricultural universities and
research institutes to expand their testing portfolios and provide value-added
advisory services to farmers. This is expected to boost the adoption of
agricultural testing and support the market’s trajectory over the forecast
period.
Regional
analysis shows that North America currently holds the largest share of around
35% of the total market. Stringent regulations regarding soil and crop
contamination and growing demand for residue-free food products have boosted
agricultural testing adoption in the region.
Key
players operating in the Agricultural Testing Market are DEXIS (KaVo Kerr),
Siemens Healthcare GmbH, Thermo Fisher Scientific Inc., 3M, and PerkinElmer
Inc. DEXIS (KaVo Kerr) holds leading share of over 18% of the overall market.
The company offers comprehensive portfolio of agricultural testing equipment
and consumables for soil, water and various crops.
Get more insights on this topic:
https://www.marketwebjournal.com/agricultural-testing-market-trends-size-and-share-analysis/
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