Agricultural Testing Market

The report "Agricultural Testing Market by Sample (Soil, Water, Seed, Compost, Manure, Biosolids, Plant Tissue), Application (Safety Testing (Toxins, Pathogens, Heavy Metals), Quality Assurance), Technology (Conventional, Rapid), and Region - Global Forecast to 2022",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%. The market is driven by stringent safety and quality regulations for agricultural commodities, increase in outbreaks of foodborne illnesses, and rapid industrialization leading to the disposal of untreated industrial waste into the environment. 

The objectives of the report:

• Determining and projecting the size of the global market with respect to sample, application, technology, and regional markets, over a five-year period ranging from 2017 to 2022

• Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions

• Analyzing the further segments and sub-segments of the global agricultural testing market included in the report with respect to individual growth trends, future prospects, and their contribution to the global market

• Identifying and profiling the key market players in the agricultural testing market

• Determining the market ranking of the key players operating in the agricultural testing market

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Lack of coordination between market stakeholders and supporting infrastructure in developing economies, and improper enforcement of regulatory laws

The agricultural commodities market in developing countries is highly fragmented and is dominated by small farmers and growers who may not have necessarily adopted good agricultural practices, leading to a greater risk of contamination.

Testing of seeds, soil, water, and compost amongst other samples require proper enforcement measures, coordination between market stakeholders, and supporting infrastructure. However, many developing economies are lacking in these aspects, which act as a restraint for the growth of the agricultural testing industry.

Several factors such as lack of equipment and institutional coordination, technical skills, and expertise for the implementation of legislation at grass root levels, and in certain countries, the lack of updated standards, inhibit the market growth for agricultural testing. Furthermore, the lack of basic supporting infrastructure in setting up testing laboratories also acts as a market restraint in the growth of the testing market, especially in developing countries.

Countries such as India, China, and Southeast Asian countries are receiving government assistance for finance and developing technologies. The concerned regulatory bodies of these developing countries should utilize their resources for the development of infrastructure and should focus on technological advancements. However, safety and quality control services require a considerable development of infrastructure and increase in interaction and cooperation between the industry and the government. The lack of these aspects has been hindering the growth of this market in some developing countries.

Rapid technology segment is projected to be the fastest-growing market during the forecast period

The rapid technology segment is estimated to dominate the market for agricultural testing in 2017, and is also projected to be the fastest-growing from 2017 to 2022. Low turnaround time, higher accuracy & sensitivity, and the capacity to test a wide range of contaminants compared to the conventional technology are the factors driving the market for rapid technology.

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Asia Pacific is projected to be the fastest-growing market during the forecast period

The Asia Pacific market is projected to grow at the highest CAGR from 2017 to 2022. Major growth drivers of the region include increased adoption of advanced biotechnological methods and organic farming resulting in the need for agricultural testing, and an increase in the number of exports from the region, necessitating agricultural testing for the produce.

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 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).