Agricultural testing is important for evaluation of soil properties, crop nutritional levels, pesticide residues and presence of contaminants. Testing helps farmers to monitor soil quality, optimize usage of fertilizers and pesticides and ensure quality of crop produce. Soil testing helps in determining levels of nutrients like nitrogen, phosphorus and potassium while nutritional testing of crops ensures proper growth of crops and maximizes yield. Pesticide residue testing is essential to check contamination levels within set regulatory limits to produce safe food.
Market Overview:
The agricultural testing market comprises of laboratory testing of soil, water, feed, food and seeds. Regular testing helps farmers to maintain soil fertility through balanced usage of nutrients and safeguard crops and livestock from contamination. It ensures production of quality, residue-free agricultural produce.
Market key trends:
One of the key trends in the agricultural testing market is growing demand for rapid diagnostic tests. Earlier testing used to take days but now portable analytical devices and diagnostic kits offer quick results within hours which is beneficial for timely decision making by farmers. Rapid tests help identify nutrient deficiencies, diseases, pests directly in the field enabling prompt remedies. They are easy-to-use, provide immediate results and help curb losses due to delay in results from centralized laboratories.
The global Agricultural Testing Market Demand is estimated to be valued at US$ 6.1 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Segment Analysis
The agricultural testing market is segmented by type, source, technology and geography. The type segment of agricultural testing can be further classified into soil testing, water testing, seed testing, bio-stimulant testing and others. Among these, the soil testing segment dominates the market and is expected to retain its position over the forecast years. This is because soil testing helps farmers understand the nutrients deficiency/excess in soil to improve crop yields and reduce wastage of fertilizers. Frequent soil testing also helps in maintaining the fertility of soil.
Key Takeaways
The global agricultural testing market is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing awareness regarding maintaining the quality of crops and soil.
Regional analysis:
North America dominates the agricultural testing market and is expected to continue its dominance over the forecast period. This is attributed to the rising awareness among farmers about soil quality management and the stringent regulations related to food quality and safety in the region. Asia Pacific is expected to be the fastest growing market for agricultural testing, owing to increasing population and rising demand for food in countries like China and India.
Key players:
Key players operating in the agricultural testing market are Eurofins Scientific, Agilent Technologies Inc., SCS Global Services, Bureau Veritas SA, ALS Limited, Element Materials Technology (EXOVA), TUV Nord Group, Apal Agricultural Laboratory, Intertek Group PLC, EMD Millipore Corporation (Millipore Sigma), BioMerieux SA, Aurea AgroSciences, 3M Company, Charm Sciences Inc., Neogen Corporation, and Biolumix. Eurofins Scientific, Agilent Technologies Inc. and SCS Global Services captured significant market share in 2022 owing to their strong product portfolio and global presence.
