2021-2028 Soil Fertility Testing Market Showing Massive Growth in Future by SGS SA, Eurofins Scientific, ALS Limited, Agrolab GMBH, Actlabs, Agrocares

The soil fertility testing market was valued at US$ 4,355.51 million in 2020 and is projected to reach US$ 5,891.06 million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028.

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Soil fertility testing helps determine the growth potential of soil, indicating inadequacies of nutrients, potential toxicity caused by excessive fertility, and inhibitions due to non-essential trace minerals. The testing results can also be used to determine the need of simulating roots’ abilities to assimilate minerals.

The soil fertility testing market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The projected growth of the market in this region is mainly attributed to the rise in demand for high-quality farm products and ingredients, and rapid advancements in agricultural practices in China and India. Japan is another significant contributor in the growth of soil fertility testing market in the region.

Impact of COVID-19 Pandemic on Soil Fertility Testing Market

The COVID-19 outbreak has disrupting the soil fertility testing market due to the slowdown of agricultural activities, instabilities in supply chains, limitations on trade movements, and decrease in the availability of workforce, among others. The outbreak has distorted operational efficiencies and disrupted the value chains due to the sudden shutdown of national and international boundaries. However, as the economies are planning to revive their operations, the demand for soil fertility testing is expected to rise globally in the coming months. Furthermore, the demand for healthy food crops, fruits, and vegetables as well as the need for nutrient-rich and immunity-boosting food products have risen due to an increase in number of COVID-19 cases, which would support the soil fertility testing market growth. Further, amid the pandemic, agrarian nations such as India, Bangladesh, and Vietnam, where agriculture accounts for 12–16% of GDP, have been hit the worst. Despite relief plans and packages announced by governments for small farmers, the agriculture sector performance has been declining. The supply of agricultural produce from California, which supplies nearly one-third of the US’s fruits and vegetables, was restricted with the surge in infection in 2020, which hampered the growth of the soil fertility testing market in the country.

Companies Mentioned
- SGS SA
- Eurofins Scientific
- ALS Limited
- Agrolab GMBH
- Actlabs
- Agrocares
- Waters Agricultural Laboratories Inc
- Polytest Laboratories
- Crop Nutrition Laboratory Services Ltd.
- A and L Great Lakes

Method Insights

Based on method, the soil fertility testing market is segmented into onsite and offsite/ laboratory. The offsite/laboratory segment accounted for a larger market share in 2020 and is expected to register a higher CAGR in the market during the forecast period. The offsite method of soil testing includes organic matter levels, microscopy, organism activities, fumigation, and molecular method. In laboratories, atomic absorption spectrophotometers, inductively coupled plasma spectrometers (ICPs), lachat flow injection analyzers, colorimeters, and other laboratory equipment are used to examine soil fertility. Laboratory methods for soil fertility testing provide knowledge about the state and management of soil, management of soil fertility, need to reduce spending on fertilizers, and ways of avoiding over-fertilization and preventing soil deterioration.



Strategic Insights

A few of the key players operating in the soil fertility testing market are SGS SA; Eurofins Scientific; ALS Limited; Agrolab GmbH; Actlabs; Agrocares; Water Agriculture Laboratories, Inc.; Polytest Laboratories; Crop Nutrition Laboratory Services Ltd.; and A and L Great Lakes. The key companies implement the mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.



Report Spotlights

Progressive industry trends in the soil fertility testing market to help players develop effective long-term strategies
Business growth strategies adopted by companies to secure growth in developed and developing markets
Quantitative analysis of the soil fertility testing market from 2019 to 2028
Estimation of global demand for soil fertility testing
PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
Recent developments to understand the competitive market scenario
Market trends and outlook as well as factors driving and restraining the growth of the soil fertility testing market
Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
Size of the soil fertility testing market at various nodes
Detailed overview and segmentation of the market, as well as the soil fertility testing industry dynamics
Size of the soil fertility testing market in various regions with promising growth opportunities

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