Press release
Soil Fertility Testing Market Key Players, Top Regions, Growth, Size, Shares, Revenue Segmentations by Types, Applications Challenges, Opportunities, Drivers, Trends
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.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.
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Analysis of the Top Market Players:
1. SGS SA
2. Eurofins Scientific
3. ALS Limited
4. Agrocares
5. Actlabs
6. Agrolab GmbH
7. Water Agriculture Laboratories Inc.
8. Polytest Laboratories
9. Crop Nutrition Laboratory Services Ltd
10. A and L Great Lakes
In this report, the market has been segmented on the basis of:
Test Type (Physical, Chemical, and Biological)
Method (Onsite and Offsite/Laboratory)
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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.
Based on region, the soil fertility testing market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. In 2020, Europe accounted for the largest share of the market. The increasing demand for fertilizers and growing emphasis on obtaining higher yields from the available land (which is limited) is anticipated to propel the growth of the soil fertility testing market in Europe. In addition, rising population and availability arable land as well as the presence of a large number of soil fertility testing service providers are driving the market growth in the region.
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