Agricultural Testing Services Market to Witness Increasing Revenue Growth During the Forecast Period 2019 – 2029
Agricultural testing services are defined as the testing of numerous samples including soil, water, seed, etc., to measure contaminant content and quality. Agricultural testing services helps in examining the suitable input necessities and resources to be added for the optimum plant growth. Along with that, measuring the impurity level, testing helps in measuring configuration, and other characteristics for example, the pH level or acidity of the given sample. The soil test is useful for determining the fertility level and need for trace components of a given soil type. The agricultural testing services can act as an advantage for the commercialized agriculture field and farming community.
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Agricultural Testing Services Market: Key Dynamics
Increasing demand for agricultural productivity and environmental safety is fueling the growth of the market
The agricultural testing services market is a high growth sector as it is becoming popular in developing and commercialized regions. Agricultural testing services has become common in commercialized agriculture countries in order to continue the export growth of agricultural merchandises. However, the increasing demand for agricultural testing services in developing countries like China, India, and Brazil and further technological advancements are anticipated to fuel future growth opportunities for the agricultural testing services market. Stringent regulations for agricultural productivity and environmental safety have been one of the prominent driving factors for the agricultural testing services market growth.
- The United States Department of Agriculture (USDA), the Food and Drug Administration (FDA), and the Environmental Protection Agency (EPA) work to ensure that crops made through genetic engineering for commercial usage are properly studied and tested to make sure they pose no significant risk to the environment or consumers.
The key restraints hampering the growth of the agricultural testing services market are time consuming preparation of an extensive sample for testing, along with high cost associated with the process.
Agricultural Testing Services Market: Segmentation
The global agricultural testing services market has been segmented on the basis of service type, analysis type, end user, and region.
The global agricultural testing services market is segmented on the basis of service type:
- Soil Testing Service
- Seed Testing Service
- Water Testing Service
- Fertilizer Testing Service
The global agricultural testing services market is segmented on the basis of analysis type:
- Physical Analysis
- Chemical Analysis
The global agricultural testing services market is segmented on the basis of end user:
- Agriculture Consultant
- Fertilizers Manufacturers
- Research Bodies
Global Agricultural Testing Services Market: Competition Landscape
Some of the prominent players in the global agricultural testing services market are SGS SA, BEREAU VERITAS, Intertek Group plc, AGQ Labs USA, Logan Labs, LLC, Kinsey Ag Services, Eurofins Scientific, Lilaba Analytical Laboratories, AgroCares, NRM Laboratories, OMIC USA Inc., Pramukh Laboratory, Akshar Analytical Laboratory & Research Center, Polytest Laboratories, Interstellar Testing Center Pvt. Ltd., Cope Seeds & Grain, Agri-Labs, Inc., Waters Agricultural Laboratories, Inc., AgroLab, J. K. ANALYTICAL LABORATORY & RESEARCH CENTRE , A&L Great Lakes., and National Agro Foundation.
Key players in the field of agricultural testing services are focusing on partnerships and alliances for enhancing the agricultural testing services.
- In May, 2019, Intertek Group plc., one of the leading service providers of the agricultural testing services. The company has partnered with ChemCon Asia (ChemCon Asia 2019 is an international conference on chemical control legislation and trade aspects) to discuss/present recent information on Chemical Control Legislation.
Global Agricultural Testing Services Market: Regional Overview
On the basis of the geography, North America is projected to hold significant market share in agricultural testing services market. The countries in North America, such as US and Canada have witnessed growth in agriculture automation technology and testing services. To increase production of nutritious food and to develop the growth of agricultural merchandises, the agricultural testing services are massively adopted in these regions. Hence, North America is estimated to witness a high growth in agricultural testing services market in the forecast period.
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The market share of the agricultural testing services of North America is followed by European countries. The countries in Europe such as France, Germany, and Italy have large number of agricultural fields and greenhouses which fuels the growth of agricultural testing services market. Furthermore, Asia Pacific Excluding Japan is projected to witness high growth in the field of agricultural testing services owing to rising consumption of healthy and nutritious food which requires testing of crops at the right stage. In Middle East & Africa, the growth rate of the agricultural testing services is moderate owing to an increase in investments by the government in the field of agriculture.