Worldwide Soil Testing Equipment Market 2020 Growth, Latest Trend Analysis and Forecast 2027

The global Soil Testing Equipment Market is expected to reach around USD 3.3 billion in the year 2020 and is expected to account to a value of USD 6.2 billion by 2025, with 10.8% CAGR from 2020. Some of the key driver factoring to this growth in this market are need for better farm management methods, industrialization, agricultural intensification, and the need for quicker and more accurate test results.

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The rapid implementation of precision farming maximizes crop yield and profitability and tests the fertility of the soil, leachability, and nutrient movement, helping to improve soil formulation and quality. This has also allowed farmers or growers to segregate fields into zones, developing a site-specific strategy to optimize yields and minimize input costs.

The COVID-19 pandemic has shut down the production of different soil test equipment items, mainly due to prolonged lock-downs in major global countries. This has greatly slowed the development of the demand for soil testing equipment over the last few months, as is expected to continue throughout 2020. In the first quarter of 2020, COVID-19 has already impacted equipment and machinery sales and is expected to have a negative effect on business development during the year.

Huge manufacturing countries such as the U.S., Germany, Italy, the United Kingdom, and China, which are badly affected by the spread of coronavirus, have previously seen substantial demand for equipment and machinery, thereby stopping demand for equipment and machinery.

Currently, the future effect of the lockdown is vague and the financial recovery of firms is completely dependent on their cash reserves. Only for a few months would equipment and machinery companies afford a complete lockdown, during which the players will have to change their investment plans. Manufacturers of equipment and machinery must concentrate on protecting their staff, facilities, and supply chains to respond to urgent emergencies and find new ways to operate after cases of COVID-19 infection begin to decrease.

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Equipment for soil testing helps classify possible hazardous contaminants, the degree of fertility and soil mineral testing.
Rapid industrialization and growth of infrastructure and growing demand for quicker and more accurate test results
The growth of the construction and infrastructure industries, due to the rising population and rapid urbanization, is driving market growth.

Based on Geography, the Soil testing equipment market is segmented into-

North America – US, Canada
Europe – Germany, UK, France, Italy, Spain, Rest of Europe
Asia Pacific (APAC) – India, Japan, China, Rest of APAC
Rest of the World – Middle East & Africa.

The manufacturing companies broadly use new product developments & acquisitions as one of their main strategies for the soil testing equipment market.

Key players in the global Soil Testing Equipment market include:

Agilent Technologies (US)
Thermo Fisher Scientific Inc. (US)
Merck Group (Germany), PerkinElmer Inc. (US)
Controls S.p.A (Italy)
LaMotte Company (US)
Geotechnical Testing Equipment UK Ltd (UK)
Sun Labtek Equipments (I) Pvt. Ltd (India)
Martin Lishman Ltd (UK)
S.W. Cole (UK)
Ele International (UK)
Gilson Company Inc. (US)
Humboldt Mfg. Co. (US)
EIE Instruments Pvt. Ltd (India)
Eurofins Scientific (Luxemburg)
Alfa Testing Equipment (US)
Matest (Italy)
M&L Testing Equipments (Canada)
Shambhavi Impex (India)

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