The agricultural testing market is projected to reach USD 9.8 billion by 2028 from USD 6.7 billion by 2023, at a CAGR of 7.1% during the forecast period in terms of value. The agricultural testing market refers to the industry involved in analyzing various agricultural products, such as soil, water, compost, biosolids, manure and seeds, to determine their quality, composition, and presence of contaminants.
The global agricultural testing market is poised for significant growth, with an estimated value of USD 6.7 billion in 2023, and a projected CAGR of 7.1% from 2023 to 2028, reaching USD 9.8 billion by the latter year. This growth is underpinned by a surge in demand for agricultural testing services driven by increased awareness of food safety and quality, stricter regulations, and the globalization of the agricultural sector.
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Food Safety and Quality Assurance Fueling Demand
Consumers worldwide are increasingly concerned about the presence of contaminants, pesticides, and harmful substances in their food. This heightened awareness has led to the implementation of stringent regulations and standards for agricultural products, necessitating comprehensive testing to ensure compliance. Additionally, the expansion of international trade in agriculture has created varying import requirements and regulations in different countries, further emphasizing the need for rigorous testing to facilitate smooth trade relationships.
Safety Testing Dominates Market Share
In 2023, safety testing for agricultural samples accounted for the largest share of the agricultural testing market in terms of value. Safety testing includes assessments for toxins, pathogens, heavy metals, pesticides, GMOs, and organic contaminants. Contamination in soil, water, seeds, compost, and biosolids can lead to foodborne illnesses and health concerns. Safety testing is crucial in addressing safety regulations, implementing good agricultural practices (GAP), and establishing residue limits for contaminants in food. Moreover, GMO testing for seeds is emerging as a significant driver due to growing consumer apprehension about genetically modified content.
Rapid Technology Leads Innovation
Rapid technology, which encompasses chromatography & spectrometry, PCR, ELISA, and X-ray fluorescence, held the highest market share from 2023 to 2028. These technologies enable rapid identification of contaminants, pathogens, and diseases. They provide swift results compared to conventional methods, allowing for quick decision-making and timely interventions. On-site testing eliminates the need to transport samples, reducing turnaround time and enabling immediate actions based on test results.
Soil Testing for Sustainable Agriculture
The soil segment of the sample category is projected to experience the highest growth in the agricultural testing market. Soil sample testing enables precise nutrient management, optimizing fertilizer application, reducing waste, and minimizing environmental impact. It aids farmers in crop selection, rotation, and planning, ensuring sustainable agriculture practices and maximizing resource utilization.
Asia Pacific Leads Market Growth
The Asia Pacific region is expected to witness the fastest growth in the global agricultural testing market by 2028. Factors driving this growth include the adoption of advanced biotechnological methods, organic farming practices, and increased exports requiring agricultural testing. Agriculture is a key sector in many Asia Pacific countries, and the region is actively exploring new technologies to combat soil and water quality issues, increased fertilizer use, and chemical pesticides to improve yields and produce quality.
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Leading Companies in the Agricultural Testing Market
This report features an in-depth analysis of leading companies' marketing and development strategies and their product portfolios. Key players in the market include SGS (Switzerland), Eurofins (Luxembourg), Intertek (UK), Bureau Veritas (France), ALS Limited (Australia), TUV Nord Group (Germany), Merieux (US), AsureQuality (New Zealand), RJ Hill Laboratories Limited (New Zealand), SCS Global (US), Agrifood Technology (Australia), APAL Agricultural Laboratory (Australia), Agvise Laboratories (US), LGC Limited (UK), and Waters Agricultural Laboratories (US).
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