Agricultural Testing Market Growing Demand for High-Quality Organic Food Products across the Globe

According to Precision Business Insights (PBI), the latest report, the agricultural testing market size was valued at USD 6,253.3 million in 2022 and is poised to grow at a CAGR of 6.4% during the forecast period 2023-29. The primary drivers of the expansion of the global Agricultural Testing market include the increasing demand for food safety and high-quality food products, along with the rising demand for agricultural productivity.

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Soil Testing Service Segment is expected to Dominate the Agricultural Testing Market:
Based on the test type, the global Agricultural Testing market is segmented into soil testing service, seed testing service, water testing service, fertilizer testing service, others. The soil testing service segment is expected to account for a larger revenue share in the global Agricultural Testing market. Soil testing service is used in optimizing soil productivity, protecting the soil from excess of fertilizers and helps in analysing and assisting in the detection of plant culture problem. Thus, providing safe and high-quality crop yield. These factors are expected to propel the market growth in this segment over the forecast period.

The agricultural testing market is segmented based on service type, end user, analysis type, and geography.
Based on the service type, the market is segmented into the following:
• Soil Testing Service
• Seed Testing Service
• Water Testing Service
• Fertilizer Testing Service
• Others

Based on the analysis type, the market is segmented into the following:
• Physical Analysis
• Chemical Analysis

Based on the end user, the market is segmented into the following:
• Farmers
• Agriculture Consultant
• Fertilizer Manufacturer
• Research Bodies
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

North America Agricultural Testing Market
The North America Agricultural Testing market is expected to increase over the forecast period due to the large number of crop testing companies in this region. In addition, growing demand for high quality food and agricultural commodities, along with the growing research & development activities in agriculture in this region is expected to boost the market growth in this region at a significant rate. Furthermore, advancement of technologies and adaption of modern farming techniques and procedures such as precision farming is expected to further propel the growth of agricultural testing market in this region over the forecast period.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.
The global Agricultural Testing market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Key players profiles in the agricultural testing market report are AGQ Labs USA, Logan Labs, LLC, Kinsey Ag Services, Eurofins Scientific, Lilaba Analytical Laboratories, AgroCares, NRM Laboratories, OMIC USA Inc., Pramukh Laboratory, Akshar Analytical Laboratory & Research Center, Polytest Laboratories, Interstellar Testing Center Pvt. Ltd., Cope Seeds & Grain, Agri-Labs, Inc.

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This release was published on openPR.