April 15, 2024
Agricultural Testing Market

Rising Digitalization Is Anticipated To Open Up New Avenue For Agricultural Testing Market

Market Overview:
Agricultural testing helps ensure the safety and quality of food and agricultural commodities. It includes soil testing, seed testing, pesticide residue testing, and others. Soil testing helps determine nutrient content and acidity levels to enable optimized usage of fertilizers. Seed testing examines seeds for quality, purity, germination potential and presence of diseases. Pesticide residue testing screens commodities for excessive pesticide residues to check compliance with regulations.

Market Dynamics:
Growing concerns regarding food safety is a major driver for the agricultural testing market. With rising population and demand for food, ensuring safety of agricultural produce has become crucial. Agricultural testing helps detect impurities, toxins, pathogens and other contaminants at various stages of cultivation and food processing. Rapid advancements in technologies such as chromatography, spectroscopy and immunoassays have enabled more efficient and accurate testing, thus boosting market growth. Growing organic and sustainable farming practices also require stringent quality and yield testing of soil, seeds and produce. Stringent government regulations and guidelines in different regions pertaining to maximum residue limits of pesticides and chemicals in foods mandate regular agricultural testing.
Segment Analysis
The agricultural testing market is dominated by the crop testing segment, which holds more than 60% share of the overall market. This segment analyze essential parameters like moisture content, toxins, pesticides and heavy metals in crops. It plays a vital role in ensuring food safety and quality. The livestock testing segment is expected to witness steady growth due to rising focus on animal health and productivity.

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.

PEST Analysis
Political: Government bodies have established stringent farming guidelines and food safety standards to promote sustainable agriculture and protect consumer health.
Economic: Growing population and incomes in developing nations are increasing demand for food, creating opportunities for agricultural producers and testing service providers.
Social: Rising health awareness among consumers is driving demand for residue-free and chemical-free food crops. This is positively impacting the testing market.
Technological: Technologies like chromatography systems, spectroscopy tools and immunoassay are enabling rapid, accurate detection of contaminants in agricultural produce and livestock. This is improving testing efficiency.

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 consumer demand for residue-free foods and government support for sustainable farming. Regionally, Asia Pacific is projected to witness fastest growth with rising agricultural output in major countries like India and China.

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 holds the leading market share owing to its comprehensive service portfolio and global footprint.

Regional analysis: The North America region currently dominates the market and is expected to retain its dominant position throughout the forecast period. However, Asia Pacific region is projected to grow at the fastest pace backed by increasing agricultural production and government focus on food safety in major economies like India and China.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it