The global agricultural testing services market is anticipated to create an absolute dollar opportunity of more than USD 3 billion through 2033. The sales of agricultural testing services are estimated to reach USD 5.1 billion by 2023, projecting growth at a CAGR of around 7.5% during the forecast period from 2023 to 2033.
The demand for agricultural testing services is expected to surpass a valuation of USD 10.6 billion by the end of 2033 on account of the growing incorporation of advanced technologies for the assessment of soil and fertilizer.
Agricultural testing services include numerous assessment procedures that help in determining the quality and contaminant content of samples such as soil, water, fertilizers, seeds, and others. Further, these testing services assist in examining the soil fertility, nutrients, and other suitable inputs necessary for the optimum growth of the crops.
| Report Attribute | Details |
|---|---|
| Agricultural Testing Services Market Base Year Value (2022) | USD 4.8 billion |
| Agricultural Testing Services Market Expected Value (2023) | USD 5.1 billion |
| Agricultural Testing Services Market Anticipated Value (2033) | USD 10.6 billion |
| Agricultural Testing Services Market Projected Growth Rate (2023 to 2033) | 7.5% CAGR |
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There is a rapid surge in the global population, an increase in the introduction of innovative food products, and a rise in the consumption of fruits, vegetables, pulses, and others over the past couple of years. Hence, governments in several countries are increasingly undertaking numerous initiatives for increasing the production of high-quality crops and enhancing agricultural productivity to address the growing food demand.
According to a report by the India Investment Grid, the Government of India has announced sanctioning 102 new mobile Soil Testing Labs (STLs), 429 new static STLs, 1562 village-level STLs, and 8752 mini STLs across India in 2020 to increase the agricultural productivity.
Growing awareness regarding the benefits of soil testing such as determining the fertility level, identification of nutrient deficiencies, and others among modern farmers is projected to bolster the sales of agricultural testing services in the market.
Despite numerous advantages associated with the adoption of agricultural testing services, the high cost of testing and a large amount of time needed for the preparation of extensive testing samples are factors restraining the market growth.
Also, the need for expensive laboratory testing equipment and the lack of testing facilities in several developing & underdeveloped countries are impeding the sales of agricultural testing services in the global market.
As per FMI, North America is forecasted to emerge as the significantly growing region in the global agricultural testing services market between 2023 and 2033.
Numerous governmental and environmental protection organizations across North America are implementing stringent regulations pertaining to increasing agriculture productivity and environmental safety, creating strong demand for assessment solutions. For instance,
The Food and Drug Administration (FDA) and The United States Department of Agriculture (USDA) are emphasizing mandating a thorough study and assessment of crops that are made using genetic engineering processes for commercial usage. A slew of such regulations are estimated to augment the sales of agricultural testing services in North America’s market. North America accounted for a market share of 35% in 2022.
Future Market Insights states that Asia Pacific excluding Japan is anticipated to account for a significant share in the global agricultural testing services market from the forecast period 2023 to 2033.
lLeading agricultural testing services providers are focusing on opening new testing facilities to cater to the growing demand, with the growing importance of selecting crops as per the soil type. For instance,
Such developments are projected to bolster the growth in Asia Pacific excluding Japan market. Asia Pacific accounted for a market share of 29% in 2022. The market in India is anticipated to expnd at a CAGR of 7%.
The soil segment is anticipated to take over the global market over the forecast time frame. This is due to the increased relevance of soil testing in maximizing crop productivity, safeguarding the ecosystem from degradation from runoff and excessive fertilizer evaporation, and enhancing the nutrient composition of the medium used for cultivation.
A soil test can assist establish the level of fertility and trace component requirements of a certain soil type. The soil segment is predicted to expand at a CAGR of 7% over the forecast period.
The fertilizers manufacturers segment is projected to rise at a CAGR of 7.2% during the projection period. There are a few factors driving the expansion of the fertilizer manufacturers segment in the global market during the forecast time frame, which include:
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Some of the leading players in the global agricultural testing services market are Intertek Group plc, Waters Agricultural Laboratories, Inc., Cope Seeds & Grain, National Agro Foundation, BEREAU VERITAS, AGQ Labs USA, Lilaba Analytical Laboratories, Interstellar Testing Center Pvt. Ltd., Polytest Laboratories, and others.
Leading players in the global market are aiming at increasing their service portfolio and launching novel laboratories across different regions to increase their share in the highly competitive market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.5% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Agricultural Testing Services Market Expected Value (2023) | USD 5.1 billion |
| Agricultural Testing Services Market Anticipated Value (2033) | USD 10.6 billion |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Service Type, Analysis Type, End User, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; The Middle East & Africa (MEA) |
| Countries Covered | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Intertek Group plc; Waters Agricultural Laboratories, Inc.; Cope Seeds & Grain; National Agro Foundation; BUREAU VERITAS; AGQ Labs USA; Lilaba Analytical Laboratories; Interstellar Testing Center Pvt. Ltd.; Polytest Laboratories; SGS |
| Customization | Available Upon Request |
The North America market will generate 35% revenue by 2033.
The United States may witness significant growth in the agricultural testing services market.
Agritech and agri-biotech are expected to drive agricultural testing services sales.
Agriculture productivity with strigent regulations may drive market growth over the coming years.
The market recorded a CAGR of 7% in 2022.
| Market Size (2023) | USD15,836.90 million |
|---|---|
| Market Projected Size (2033) | USD 30,061.73 million |
| Market Forecasted Value CAGR (2023 to 2033) | 7.0% |
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