Market Size of Agricultural Testing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.70 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Agricultural Testing Market Analysis
The Agricultural Testing Market size is expected to grow from USD 5.71 billion in 2023 to USD 7.53 billion by 2028, at a CAGR of 5.70% during the forecast period (2023-2028).
- Agricultural testing can be defined as the testing of various samples, such as water, soil, seed, etc., to determine their quality and contaminant content. The agricultural testing market is a high-growth sector and is gaining popularity in developed and commercialized regions across the globe. Regulations and legalizations pertaining to environmental safety and agricultural productivity have been the major driving force for the market growth of agricultural testing.
- Over the medium term, the market is anticipated to witness robust recovery with higher demand for agricultural products, resulting in increased production and a need for periodic soil testing. Similarly, the shift in consumer preference to a higher standard of food safety and quality in terms of chemical residues creates the need to maintain the soil properties for quality production, thereby bolstering the market growth during the forecast period.
- North America dominates the agricultural testing market. The dominant share of the region is attributed to the stringency in food safety, environmental and agricultural regulations, and laws pertaining to nutritional content, chemicals, and labeling. The presence of numerous agriculture testing service providers in the region contributes to the growth of the agriculture testing service market.
