by Agricultural testing includes various processes and techniques that are used to check the quality and safety of food products, animal feed, and commodities. It helps farmers ensure optimal growing conditions, improves crop yields, and detects harmful residues. Analytical testing is widely conducted to check nutritional values, contaminants, pathogens, and certify products against regulatory standards and customer requirements. With rising health concerns, farmers extensively rely on testing at various stages of cultivation and post-harvest processing. Common tests measure moisture content, detect microbes, pesticide residues, heavy metals, and other chemicals.
The global agricultural testing market is estimated to be valued at US$ 6.1 Bn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing emphasis on food safety and quality is expected to drive the agricultural testing market over the forecast period. Governments across the globe are strengthening regulations and standards to protect consumers from unsafe food. They mandate testing for residues, microbes, allergens, and other quality factors. Additionally, growing health-consciousness among individuals has increased the demand for chemical-free, organic food products. Farmers extensively conduct pre-and post-harvest testing to meet the stringent certification criteria for organic and non-GMO labels. Furthermore, the emergence of new pathogens, toxicity issues, and rising contamination incidents have amplified the need for preventive agricultural testing.
Segment Analysis
The agricultural testing market is segmented into soil testing, water testing, seed testing, biosolids/sludge testing, manure testing, and compound fertilizers. The soil testing segment dominates the market and accounts for more than 30% share. This is because soil testing helps farmers determine nutrient deficiency or excessive nutrients in the soil, which helps them apply correct amount of fertilizers and maximize crop yield.
PEST Analysis
Political: The governments across major countries are supporting farmers through various subsidies and incentives for using tested soil, water and fertilizers. This is promoting the growth of agricultural testing market.
Economic: With rising population and demand for food, agricultural production needs to increase substantially. Agricultural testing helps improve farm productivity and output through efficient usage of resources like water, fertilizers etc. This is driving higher testing needs.
Social: There is increasing awareness among farmers about benefits of soil nutrient management, integrated pest management and other precision agriculture practices. This is positively impacting the demand for various agricultural tests.
Technological: New technologies like PCR, microarrays are finding increased use in seed testing. Biosensors and imaging technologies are also being used for quick on-field testing of soil and plant health. This is improving testing effectiveness.
Key Takeaways
The Global Agricultural Testing Market Size is expected to witness high growth at a CAGR of 4.7% during the forecast period of 2023 to 2030. The market size is projected to grow from US$ 6.1 Bn in 2023 to US$ 8.5 Bn by 2030.
Regional analysis: Asia Pacific dominates the global market currently due to large farmer base and increasing testing adoption in countries like India and China. South Asia is projected to be the fastest growing region during the forecast period supported by various government campaigns to promote testing.
Key players: Key players operating in the agricultural testing market are Novartis AG, Mylan N.V., Astellas Pharma Inc., Dr. Reddy’s Laboratories Ltd., Pfizer Inc., Abbott, Senju Pharmaceutical Co. Ltd., Glenmark Pharmaceuticals Ltd., Lupin Limited, and Vibcare Pharma Pvt. Ltd. These companies are focusing on new product launches and expansion in emerging markets through collaborations.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
