Press release
Agriculture Testing Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2016 and Forecast 2017-2024
Agriculture Testing Market
Agriculture testing refers to the testing of agriculture samples such as soil, compost, manure, ground water, and irrigation among others. Agriculture tests are carried to improve the quality and yield of agriculture products. Various tests are carried in agriculture testing to determine the presence of pathogens, chemical residues, toxins, and among others. Moreover, common contaminants and quality of the sample are factors considered to determine the type of testing required.
Market Dynamics: Agriculture Testing Market
Growing industrial wastage due to rapid industrialization, which contaminates the soil and water, technological advancements in agriculture testing such as rapid test analysis, rise in awareness about food safety, and government initiations for improving the quality and yield of products are anticipated to upsurge the revenue of agriculture testing market over the forecast period. Furthermore, excess use of fertilizers leads to soil pollution, introduction of novel seeds and fertilizers, and stringent regulations for food safety are anticipated to fuel the testing market over the forecast period, However, lack of well-established testing infrastructure, high cost of agriculture testing services, lack of awareness about agriculture testing in underdeveloped regions, and stringent regulations for the approval of newer tests are impede growth of the market.
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Market Scope: Agriculture Testing Market
Agriculture testing market is segmented based on sample type and application
Based on the sample type, it is segmented into the following:
• Soil
• Water
• Compost
• Manure
• Seeds
• Bio-solids
• Others
Based on the application, it is segmented into the following:
• Contaminants
• Chemical residues
• Toxins
• Nutritional analysis
• Pathogens testing
• Quality assurance
• Others
Market Summary: Agriculture Testing Market
Agriculture testing market exhibiting significant growth, which is attributed increase in the government initiations for increasing the quality and yield of the agricultural products. For instance, in June 2016, Nigerian government launched a new digital soil test scheme to improve the food production. In addition, most of the local and international players are engaged in the development of newer testing services and devices for determining the quality and quantity of agriculture samples. Moreover, business expansion by the companies may increase the revenue share market players. For instance, in September 2015, Eurofins Scientific strengthened its business in U.S. by the acquisition of Spectrum Analytical, Inc. which provides test services for soil, ground water, solid waste, and air among others. Similarly, in March 2015, SGS opened a new seed testing in Voronezh, Russia to expand its business in seed testing market.
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Regional Analysis: Agriculture Testing Market
Geographically, agriculture testing market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America agriculture testing market is driven by increase in the awareness about agriculture testing among farmers, technological advancements in agriculture testing, presence of huge number of testing service providers, and stringent regulation by the government for food safety are propelling the market. Europe agriculture testing market expected to grow at significant rate, which is attributed to presence of wider agriculture testing providers in European countries such as France and U.K., collaboration between the companies, and innovation of newer tests. Asia Pacific agriculture testing market driven by increase in the agriculture production, rise in focus on increasing the agriculture product yield, and expansion of business in Asia Pacific region by market players, for instance, in 2016, Intertek opened a new agri testing laboratory in India.
Market Participants: Agriculture Testing Market
Some of the players in market are Eurofins Scientific (Luxembourg), SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), RJ Hill Laboratories Ltd. (New Zealand), ALS Limited (Australia), and AsureQuality (New Zealand) to name a few.
Notable Market Developments: Agriculture Testing Market
• In January 2016, Eurofins acquired BioDiagnostics, Inc.’s seed and plant testing laboratory
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Key Features of the Report
• The report provides granular level information about The market size, regional market share and forecast from 2017-2024
• The report covers in-detail insights about The competitor’s overview, key findings and Their key strategies
• The report outlines drivers, restraints, challenges, and trends that are currently faced by The industry
• The report tracks recent innovations, key developments and startup’s details that are working in The industry
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
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About Precision Business Insights
Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.
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