U.S. Cannabis Testing Market Trends 2021 | Top Players are Anresco, CannaSafe, Digipath, Inc, EVIO, Inc., PSI Labs, Steep Hill, Inc., SC Labs, Inc.

U.S. Cannabis Testing Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

With the growing inclination towards legalizing the application of cannabis for medical treatment and recreational purposes in the U.S., demand for cannabis testing solutions has increased significantly in the country, considering which U.S. Cannabis testing market is poised to witness a meritorious growth over the forthcoming years. According to a recent report by Global Market Insights, Inc., U.S. Cannabis testing market size is projected to surpass USD 4.1 billion by 2027 with a substantial growth rate of 10.4% over the analysis timeframe of 2021 to 2027.

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Top Industry Players are –
• Anresco,
• CannaSafe,
• Collective Wellness of California,
• Digipath, Inc,
• EVIO, Inc.,
• PSI Labs,
• Steep Hill, Inc.,
• SC Labs, Inc.

An overview of major segments that are likely to transform the industry outlook is delineated as below:

Based on technology bifurcation, Liquid chromatography (LC) is expected to register commendable growth over the forthcoming years as majority of cannabis testing procedures are carried out using LC. It is a valuable alternative method for gas chromatography for analyzing the cannabinoids, pesticides and THC. Further, in the case of LC, the purification standards are highly controlled which provides accurate results, which complements the growth of liquid chromatography segment. For the records, in 2020, the segment had accounted for a substantial valuation of USD 662.4 million.

Based on the test type, heavy metal testing segment recorded a significant valuation of USD 352.5 million in 2020 and is expected to grow over upcoming years. This can be credited to the increasing demand for this testing type as heavy metals are one of the major contaminants in cannabis and its products among other contaminants such as pesticides, residual solvents and microbial organisms. Moreover, compulsion regarding heavy metal testing of heavy metals by several government organizations and increasing legalization of cannabis for medicinal and recreational use will positively influence the segment growth.

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U.S. Cannabis Testing Market, By Technology
• Chromatography
o Liquid chromatography
o Gas chromatography
o Others
• Spectroscopy
• Mass spectroscopy
• Atomic spectroscopy

U.S. Cannabis Testing Market, By Test Type
• Potency testing
• Pesticide screening
• Residual solvent screening
• Heavy metal testing
• Terpene testing
• Mycotoxin testing
• Others

In terms of the regional outlook, cannabis testing market across Mountain States zone of the U.S. is estimated to record a significant growth rate of 9.6% through 2027 owing to the presence of large number of manufacturers and cultivators of cannabis and its products in the zone. In addition, growing legalization of medical and adult-use of cannabis coupled with increasing support from various government bodies is likely to support the business growth further. Citing an instance, ANSI National Accreditation Board (ANAB) gives accreditation to several independent and third-party laboratories which provide cannabis testing services.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

This release was published on openPR.