Agricultural Testing Market to Showcase Continued Growth in the Coming Years

The agricultural testing market is estimated to be valued at USD 4.56 Billion in 2017, and is projected to reach USD 6.29 Billion by 2022, at a CAGR of 6.64%.

Northbrook, USA, 2020-Feb-21 — /EPR Network/ — The global increase in outbreaks of foodborne illnesses, implementation of stringent food safety and quality regulations for food products and agricultural produce in developed economies, and rapid industrialization leading to the disposal of untreated industrial waste into the environment are the factors driving the agricultural testing market. The agricultural testing market is projected to reach 6.29 billion by 2022, from USD 4.56 billion in 2017, at a CAGR of 6.64% from during the forecast period.

Agricultural Testing Market

On the basis of sample, the market for soil testing in the agricultural testing market is projected to grow at the highest rate from 2017 to 2022. Testing of soil samples is majorly conducted to be able to determine its nutrient and contaminated content, composition, and various other characteristics of soil such as its acidity and pH levels. The growing contamination of soil, caused by wastewater and industrial effluents, has been propelling the importance of soil testing; this, in turn, is driving the market for agricultural testing.

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By technology, the market for rapid technology is projected to grow at a higher CAGR. Low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of contaminants in comparison to traditional technology drive the market for rapid technology.

On the basis of application, the safety testing segment is projected to form the fastest-growing market, during the forecast period. Safety testing of agricultural samples is conducted to test samples for targets such as toxins, pathogens, heavy metals, pesticides, GMOs, and other organic contaminants. Growing importance given to safety laws for agricultural produce and food commodities is expected to boost the market for this segment during the forecast period.

Asia Pacific is projected to be the fastest-growing region in the agricultural testing market from 2017 to 2022. This growth is attributed to the rise in health-conscious consumers, coupled with growth in investments by testing companies in the region.

The focus on reducing lead time, sample utilization, cost of testing, and drawbacks associated with several technologies have resulted in the development of new technologies such as spectrometry and chromatography. Increased adoption of these technologies is an opportunity for medium- and small-scale laboratories to expand their service offerings and compete with large market players in the industry, as these technologies offer higher sensitivity, accuracy in results, reliability, and multi-contaminant and non-targeted screening with low turnaround time, among other benefits.

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This report includes a study of marketing and development strategies, along with the services & product portfolios of leading companies. It includes the profiles of leading service companies such as SGS (Switzerland), Intertek (UK), Eurofins (Luxembourg), Bureau Veritas (France), ALS Limited (Australia), and TÜV NORD GROUP (Germany). It also includes profiles other players that also have a significant share in this market such as Mérieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), SCS Global (US), Agrifood Technology (Australia), and Apal Agricultural Laboratory (Australia).

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