Agriculture Testing Market Share, Revenue, Demand and Forecast to 2025

“The Agricultural Testing Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to rising awareness about food safety, and government initiations for improving the quality and yield of products.

Precision Business Insights (PBI) in its report titled “Agricultural Testing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The agricultural testing market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased awareness about food safety will create a demand for the growth of the agricultural testing market. However, lack of well-established testing infrastructure, high cost of agriculture testing services, lack of awareness about agriculture testing in underdeveloped regions, and stringent regulations for the approval of newer tests are impede growth of the market.

Agricultural testing market segmented on the basis of sample type, application and end region.

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Soil Segment Expected to Dominate the Market

Based on sample type the agriculture testing market is segmented into soil, water, compost, manure, seeds, bio-solids and others. The agricultural testing market, by sample, is estimated to be dominated by the soil segment, since soil testing helps to determine the fertility or the expected enhancement of the soil, which indicates nutrient deficiencies, potential toxicities from excessive fertility, and inhibitions due to the presence of non-essential trace minerals.

Quality Assurance Segment Will Dominate the Revenue Share.

Based on application the market is segmented into contaminants, chemical residues, toxins, nutritional analysis, pathogens testing, quality assurance, and others. The agricultural testing market, by application, is projected to be dominated by the quality assurance segment during the forecast period. Increase in requirements for the quality of agrarian products in the world can be attributed to the export-oriented agricultural food sector as well as the need for implementing modern mechanisms of quality assurance, witnessed due to globalization.
North America, Accounts for Major Revenue Share for Agricultural Testing Market

Precision Business Insights (PBI), agricultural testing market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share due to increase in the awareness about agriculture testing among farmers, technological advancements in agriculture testing, presence of huge number of testing service providers, and stringent regulation by the government for food safety are propelling the market. Europe agriculture testing market expected to grow at significant rate, which is attributed to presence of wider agriculture testing providers in European countries such as France and U.K., collaboration between the companies, and innovation of newer tests. Asia Pacific agriculture testing market driven by increase in the agriculture production, rise in focus on increasing the agriculture product yield, and expansion of business in Asia Pacific region by market players, for instance, in 2016, Intertek opened a new agriculture testing laboratory in India.

Strategic Acquisitions Play Vital Role in Agriculture Testing Market

Market strategies such as acquisitions play an important role in the development of the market. For instances, in January 2016, Eurofins acquired BioDiagnostics, Inc.’s seed and plant testing laboratory.

Key players in the market include Eurofins Scientific (Luxembourg), SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), RJ Hill Laboratories Ltd. (New Zealand), ALS Limited (Australia), and AsureQuality (New Zealand) to name a few.

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Detailed Segmentation

By Sample Type

o Soil
o Water
o Compost
o Manure
o Seeds
o Bio-solids
o Others

By Application

o Contaminants
o Chemical residues
o Toxins
o Nutritional analysis
o Pathogens testing
o Quality assurance
o Others

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Gulf Cooperation Council Countries(GCCC)
 Rest of MEA

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