Press release
Global Agricultural Testing Market: New Technologies for Crop and Soil Testing Drive Industry Growth
MarketsandMarkets™
The [https://www.prnewswire.co.uk/news-releases/agricultural-testing-market-worth-9-8-billion-by-2028--exclusive-report-by-marketsandmarkets-301843183.html] is anticipated to grow from USD 6.7 billion in 2023 to USD 9.8 billion by 2028, achieving a CAGR of 7.1% during the forecast period. This growth is driven by multiple factors. Increasing concerns over food safety and public health fuel the need for testing to detect contaminants and ensure the safety of agricultural products. Quality assurance also plays a significant role, as testing verifies nutrient levels, maturity, and any genetic modifications to meet industry standards. Environmental considerations further drive demand, with testing assessing soil health and identifying contaminants. Additionally, agricultural testing enhances crop yields by diagnosing nutrient deficiencies and managing pests. The rise in international trade brings a need for compliance testing, while advancements in technology make testing more efficient and widely accessible. Together, these factors are propelling the demand for agricultural testing.
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[https://www.openpr.com/news/3213138/agricultural-testing-market-ensuring-food-safety-quality]
The agricultural testing market encompasses a range of services and technologies aimed at assessing soil, water, and crop quality, as well as pest and disease identification. These testing services are critical for optimizing agricultural productivity, ensuring food safety, and supporting sustainable farming practices.
Market Drivers:
Increasing Demand for Food Security: As the global population rises, the need for efficient agricultural practices and increased crop yields drives the demand for agricultural testing.
Regulatory Compliance: Governments worldwide are enforcing stringent regulations regarding food safety and environmental protection, necessitating comprehensive testing.
Technological Advancements: Innovations in testing technologies, such as remote sensing, DNA sequencing, and mobile testing kits, enhance testing accuracy and efficiency.
Sustainable Practices: There is a growing emphasis on sustainable agriculture, leading to increased interest in soil and water testing to minimize environmental impacts.
Challenges:
High Costs: The cost of advanced testing technologies can be a barrier for small-scale farmers.
Lack of Awareness: In some regions, farmers may lack awareness of the benefits of agricultural testing.
Variability in Regulations: Differing regulatory standards across regions can complicate testing processes.
Future Trends:
Integration of Technology: The use of artificial intelligence and machine learning in data analysis to enhance testing accuracy.
Increased Focus on Soil Health: Growing recognition of the importance of soil health in sustainable agriculture will drive more soil testing services.
Collaboration with Farmers: Agricultural testing companies are likely to engage more directly with farmers to tailor services to specific needs.
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What technological advancements have improved safety testing methods in the agricultural sector?
The safety testing of agricultural samples encompasses a range of targets, including toxins, pathogens, heavy metals, pesticides, GMOs, and organic contaminants. Contaminants found in soil, water, seeds, compost, and biosolids can compromise agricultural produce, potentially leading to foodborne illnesses and various health issues for consumers. Consequently, there is a strong focus on safety testing for agricultural samples, aimed at identifying gaps in safety regulations, promoting good agricultural practices (GAP), and advancing research to establish maximum residue limits for contaminants in food.
Moreover, growing consumer concerns about genetically modified (GM) content in food, alongside the implementation of GM labeling mandates and regulations on specific GM traits, have made GMO testing for seeds an increasingly important factor in this market. Additionally, the disposal of toxic chemicals into water bodies through untreated wastewater and effluents poses a significant challenge for the agricultural sector, as irrigating farmland with contaminated water can result in soil toxicity and public health risks. As a result, the importance of safety testing for agricultural samples has escalated in recent years.
Asia Pacific Projected to Experience the Highest Growth Rate During the Forecast Period.
The Asia Pacific region is experiencing significant growth driven by the rising adoption of advanced biotechnological methods and organic farming practices, which are increasing the demand for agricultural testing services. Additionally, the surge in exports from this region highlights the need for rigorous testing of agricultural products. Agriculture is a key industry in many countries within the region, further fueling market expansion.
While numerous countries have successfully implemented mechanization techniques to enhance crop production, harvesting, and post-harvest processes like packaging and marketing, several others have yet to fully embrace these technologies. Despite the positive advancements in agricultural practices, the region still faces challenges with stagnant yields, primarily due to declining soil and water quality, the excessive use of fertilizers to boost production, and the widespread reliance on chemical pesticides. This situation underscores the urgent need for quality analysis technologies in agriculture.
[https://www.marketsandmarkets.com/ResearchInsight/agricultural-testing-market.asp?utm_source=paidpr&utm_medium=agricultural-testing-market&utm_id=abnewswire.com]
The key players in this market include SGS (Switzerland), Eurofins (Luxembourg), Intertek (UK), Bureau Veritas (France), ALS Limited (Australia), TUV Nord Group (Germany), Merieux (US), AsureQuality (New Zealand), RJ Hill Laboratories Limited (New Zealand), SCS Global (US), Agrifood Technology (Australia), APAL Agricultural Laboratory (Australia), Agvise Laboratories (US), LGC Limited (UK), and Water Agricultural Laboratories (US). These players have adopted various growth strategies such as collaborations and acquisitions to increase their global market presence.
SGS (Switzerland), primarily offers inspection, verification, testing, certification, and quality assurance services. The company has five business segments: connectivity & products, health & nutrition, industries & environment, natural resources and knowledge. Agricultural testing is provided under the natural resources segment. The company operates in more than 140 countries, with a network of over 2,600 offices and laboratories across Europe, the Middle East, the Americas, Africa, and Asia Pacific. Its subsidiaries include SGS North America Inc. (US), SGS Germany GmbH (Germany), SGS India Private Ltd (India), and SGS United Kingdom Limited (UK). Major competitors of the company include Eurofins (Luxembourg), Intertek (UK), and Bureau Veritas (France), among others. In January 2022, SGS announced a collaboration with Transmute, a blockchain technology company, to develop supply chain solutions using blockchain technology. The collaboration will focus on developing a platform that provides transparency and traceability across supply chains.
Eurofins (Luxembourg), is an international group of laboratories that provides testing and support services to the pharmaceutical, food, environmental, agricultural, and consumer products industries as well as to governments. The company capitalizes on a portfolio of 130,000 reliable analytical methods that enable it to offer services that characterize the safety, identity, purity, composition, authenticity, and origin of products and biological substances. In April 2023, Eurofins acquired Inlabtec AG, a Swiss manufacturer of microbiological testing equipment. The company acquired Inlabtech AG to expand its testing equipment. Similarly, in July 2022, WESSLING is one of the leading environmental, food and BioPharma product testing laboratories in Hungary. Eurofins acquiring WESSLING to expand the existing presence in the country, which includes five laboratories in the fields of food, feed, environment, agro, and veterinary testing.
Intertek (UK), is a London-based firm that is a total quality assurance provider to various industries. It serves manufacturers, retailers, governments, and traders across various industries, globally. The company's major services include testing, inspection, product certification, and commodities & systems. It operates through 3 business divisions, namely, products, trade, and resources. The company offers agricultural testing through its products division. Intertek operates more than 1,000 laboratories and offices in over 100 countries around the world. The company's global network of laboratories is designed to support its wide range of assurance, testing, inspection, and certification services across various industries. Including 20 high-tech food testing laboratories in Germany, Great Britain, and Shanghai, and testing facilities in Beijing, India, Vietnam, and the Philippines. The company operates through 1,000 locations in over 100 countries across North and South America, Europe, the Middle East, Africa, and Asia Pacific. In May 2020, Intertek and Agri-TechE, a UK-based organization focused on advancing agricultural technology innovation, announced a collaboration to develop and promote innovative testing solutions for the agricultural industry.
Agricultural Testing Industry [https://www.marketsandmarkets.com/PressReleases/agricultural-testing.asp?utm_source=paidpr&utm_medium=agricultural-testing-market&utm_id=abnewswire.com] News
In April 2023, Eurofins acquired Inlabtech AG, a Swiss manufacturer of microbiological testing equipment. The company acquired Inlabtech AG to expand its testing equipment.
In January 2022, SGS announced a collaboration with Transmute, a blockchain technology company, to develop supply chain solutions using blockchain technology. The collaboration will focus on developing a platform that provides transparency and traceability across supply chains.
In May 2021, Intertek acquired SAI Global Assurance, and this will strengthen Intertek's Assurance offering by providing additional scale, enhanced geographic coverage and new capabilities. In addition to management systems certifications, SAI Global Assurance has a particularly strong position in the Food, Agriculture and QSR end-markets, as well as a good presence in environmental & sustainability audits. The benefit from this is ensuring a stronger market position in Australia, the USA, Canada, the UK and China, and an expanded service capability in attractive end-markets.
Key Questions Addressed by the Agricultural Testing Market Report [https://www.marketsandmarkets.com/Market-Reports/agricultural-testing-market-203945812.html?utm_source=paidpr&utm_medium=agricultural-testing-market&utm_id=abnewswire.com]
Which are the major companies in the agriculture testing market? What are their major strategies to strengthen their market presence?
What are the drivers and opportunities for the agriculture testing market?
Which region is expected to hold the highest market share?
Which are the key technology trends prevailing in the agriculture testing market?
What is the total CAGR expected to be recorded for the agriculture testing market during 2023-2028?
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