The soil testing kit market is likely to record a promising CAGR of 10.4% during the forecast period and is expected to be valued at US$ 11.30 Bn by 2032. The market was valued at US$ 4.05 Bn in 2021.
| Attributes | Details |
|---|---|
| Soil Testing Kit Market CAGR | 10.4% |
| Soil Testing Kit Market Value in 2021 | US$ 4.05 Billion |
| Soil Testing Kit Market Value in 2032 | US$ 11.30 Billion |
The soil testing kit makes it easier to determine the available nutrients in the soil in order to decide the correct dosage of fertilizers in the crop. Soil field testing equipment or kit includes a soil testing meter, a reagent kit, and a weighing scale.
Civil and geotechnical engineers use solid testing kits to provide information that helps users form decisions around selecting design parameters, base systems, and concrete materials for buildings. This drives the sales of soil testing kits as it is majorly used in the construction industry.
Soil testing kit market report explains that the acceptance also drives the increased sales of soil testing kits that precision farming maximizes, yield and profitability of various crops and gauges soil fertility. These factors are driving the demand for soil testing kits.
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Rapid growth in infrastructure and construction, which can be attributed to rapid urbanization and increasing population, is fueling the growth of demand for soil testing kits. Furthermore, strict government standards and regulations for construction materials are projected to propel the demand for soil testing kits (improved and advanced).
Environmental Protection Agency (EPA) scientists are developing rapid, reliable, and inexpensive methods for assessing the bioavailability of arsenic and lead in contaminated soils. This helps the soil testing kit market is growing.
The United States Department of Agriculture (USDA) held the Environmental Quality Incentives Program (EQIP) for American farmers, under which it provides financial and technical assistance to agricultural and forestry producers to address concerns regarding natural resources. This helps in increasing the demand for soil testing kits.
Based on regions, North America is estimated to hold a significant share of the soil testing kit market owing to the highly regulated U.S. market and high adoption of soil testing standards in the U.S.
The construction and agriculture sectors of countries in the North American region, such as the U.S. and Canada, have witnessed growth, and this has ultimately boosted the sales of soil testing kits in these regions while choosing concrete materials base systems for construction. The region is likely to contribute to the growth of the soil testing kit market.
Due to the aforementioned factors, the North American soil testing kit market is estimated to witness significant growth during the forecast period. Similar trends are also followed in Europe. The agriculture sector in the countries of Europe, such as Italy, Germany, and France, have witnessed growth, which is contributing to the growth of the soil testing kit market in Europe.
Furthermore, the Asia Pacific, excluding Japan, is anticipated to witness significant growth in soil testing kits due to the presence of the key manufacturers of the same in the region, which is significantly contributing to the growth of the soil kit testing market in the region.
Therefore, these parameters are expected to significantly contribute to the growth of the soil testing kit market during the forecast period.
Principal Consultant
The key players of Soil testing kit market are focusing on improvement of technology, bringing in innovative ideas, and easing the process, storage, transportation for the end user. This is driving the sales of Soil testing kit.
Key players in soil testing kit market are WS Telematics Private Limited, LaMOtte Company, COSLAB, IKON Instruments, Ele International, Agilent, AQUAEXCEL CHEMTEST, Plasti Surge Industries Pvt Ltd and Hanna Instrumental.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.4% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Product, End Use, Region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | WS Telematics Private Limited; LaMOtte Company; COSLAB; IKON Instruments; AQUAEXCEL CHEMTEST; PLasti Surge Industries Pvt Ltd and Hanna Instrumental. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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Construction is the biggest segment in the soil testing kit market and is expected to hold a big portion of the market in the forecast period. This leads to the high demand for soil testing kits.
Key competitors holding substantial Soil testing kit market share include WS Telematics Private Limited, LaMOtte Company, COSLAB, IKON Instruments, Ele International, Agilent, AQUAEXCEL CHEMTEST, PLasti Surge Industries Pvt Ltd and Hanna Instrumental.
Demand for soil testing kit is likely to rise because of its increased use in the construction industry, design. That is going to increase the sales of soil testing kit.
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