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Global Agricultural Testing Market Size, and Trends & Analysis with Covid-19 Impact - Forecasts To 2026 By Technology (Rapid Technology, Conventional Technology), By Application (Safety Testing, Quality Assurance), By Sample (Soil, Manure, Water, Biosolids, Seed, Plant Tissue, Compost), By Region (North America, Europe, Asia Pacific and Rest of the World); and Company Market Share Analysis & Competitor Analysis
To assess the degree of quality and contamination, agricultural testing is the method of analyzing different samples of plants, water, soil, and others. They help analyze the necessary input required and the resources to be supplemented for optimum plant growth. The growth is due to the development of laboratories and some of the main factors anticipated to stimulate growth in the agricultural testing industry are local testing facilities. In the agricultural area and commercialized agriculture market around the world, these experiments are booming. Moreover, growth in industrialization contributes to the disposal into the atmosphere of untreated industrial waste, which is driving the development of the industry. High costs related to the procurement of rapid agricultural testing equipment and lack of cooperation between market stakeholders are, however, likely to detrimentally hinder the market growth.
In two divisions, namely, rapid technology and traditional technology centered on technology. Demand for rapid technology is expected to increase company growth at the highest rate of growth, as well as to contribute more to global sales in the industry. In contrast to traditional technical approaches, it can be due to low processing time, higher precision, sensitivity, and the ability to test a wide variety of bacteria.
According to the application, this market can be served by two dimensions: quality assurance, and security testing. The safety testing group is expected to increase business growth at the highest rate of growth. During the forecast period, the rising importance given to the safety laws for agricultural products and food commodities is expected to boost the demand for this segment. Furthermore, the quality assurance category dominated the global market during the forecast span. It fixes soil infertility, the quality of water in irrigation facilities and helps to recognize important nutrients that increase the total yield of crops and other agricultural products.
This market can be represented in seven portions, according to the sample survey, namely: soil, manure, water, biosolids, seeds, plant tissue, and compost. Water and soil industry revenue is expected to grow steadily from 2020 to 2026. A soil test can help determine the degree of fertility and the need for trace elements, etc., of a specific type of soil. Rising soil pollution caused by wastewater and industrial residues has given rise to the significance of soil testing, which in turn is driving the agricultural testing market.
Depending on the geographical position, the market for agricultural testing is partitioned into Europe, Asia-Pacific, Americas, and MEA. Over the projected timeframe, the European region is expected to contribute to global revenues. This is due to the strictness of food safety, environmental and agricultural regulations, and nutritional material, pesticides, and labeling legislation. Moreover, of all provinces, the region has the highest number of research laboratories. Furthermore, significant growth in emerging countries is anticipated in the Asia-Pacific region, with a rapid CAGR. It is due to a rise in the knowledge of food safety standards and the adoption in these countries of regulations for their testing.
The key players competing in this market are SGS, Intertek, ALS Limited, Mérieux, RJ Hill Laboratories, Agrifood Technology, Lloyds Romer Labs, Campden Briries, Omic USA., Eurofins, Bureau Veritas, TUV Nord Group, Asurequality, SCS Global, APAL Agricultural Laboratory, EMSL Analytical Inc., Spectro Analytical Lab, Idexx Laboratories, and Aegis Food Testing Laboratories, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In January 2018, Eurofins acquired Tsing Hua Testing & Analysis which is recognized as the leading player in the agricultural and environmental testing industry in soil and water.
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The Global Agricultural Testing Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Agricultural Testing Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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