The latest report published by Facts and Factors states that the global Agricultural Testing Service Provider market was estimated at USD 5.25 Billion in 2020 and is projected to reach USD 8.45 Billion by the end of 2026, rising at a CAGR of about 7 % between 2021 and 2026.
Agricultural testing service is described as the procedure of testing a variety of samples of soil, water quality, seed, and other materials to determine the quality and level of contamination in the samples. It aids in the analysis of appropriate resources and inputs that must be supplemented for optimal plant growth. Aside from that, it aids in determining the composition and other related properties of the given sample. Agricultural testing services have proven to benefit farmers and, as a result, the agriculture sector. The increasing complexities of the supply chain, as well as the lack of adoption of good agricultural practices and the absence of proper hygiene and sanitation, have caused an increase in cases of contamination of agricultural commodities, food, and feed at the beginning of the supply chain, which is responsible for disease breakouts and poisoning in humans and livestock. Potential customers, farmers, hey livestock producers, and regulatory authorities have become increasingly concerned as a result of this. Furthermore, in developed economies, various mechanisms have been established, and a proper framework for motoring policies is in place. This strict enforcement has resulted in greater transparency in the supply chain. The goal of this policy and framework is to ensure that contaminated food and agricultural products are rejected at the border and quarantined accordingly. Hello there. In addition to this framework, violators have been penalized and have had their licenses revoked. As a result, complying with stringent safety and quality regulations imposed by authorities is increasingly being used as a preventive measure.
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Top Market Players
Major players in the market are Eurofins Scientific, Agilent Technologies Inc., SCS Global Services, Bureau Veritas SA, ALS Limited, EXOVA, TUV Nord Group, Apal Agricultural Laboratory, Intertek Group PLC, BioControl Systems Inc., BioMerieux SA, Idexx Laboratories, 3M Company, Charm Sciences Inc., Neogen Corporation, Biolumix
Need To Increase the Productivity is driving the Growth of Agricultural Testing Service Provider Market
Crops are typically grown on a wide range of soil types, with varying fertilizer requirements based on soil health and condition. The application of many nutrients can cause soil imbalance, affecting the environment and contaminating water and the creatures beneath. Soil fertility is determined by the biological, chemical, and physical properties of the soil. Structure, soil texture, and color are all visible to the naked eye. The chemical composition of the soil, on the other hand, is difficult to see. As a result, soil diagnosis is required, which is why soil sampling is so important. Soil tests are used to determine the nutrient level and pH of the soil. Farmers can use this information to determine the amount and type of fertilizer needed for application to improve the soil on their farm. This is critical because healthy crops require fertile soils. Exorbitant use of fertilizers has made agricultural soil infertile and as a result it, farmers are using more and more fertilizers to increase the output. Thus, to increase production there are only two options; increase the land under cultivation or increase the productivity of the land. Testing essential properties of soil help in knowing the application of the correct quantity of fertilizer, pesticide, and water. It also assists in providing knowledge about cropping patterns associated with the land and hence increases productivity. It is observed that there is an increasing trend towards contract farming, in which corporate houses contract with the farmer for their product. This product should meet certain parameters set by corporate. This trend has also increased the demand for agricultural testing service providers market. Additionally, increased international safeguards regarding food safety and amount of pesticide utilization have also increased the demand of the market
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Europe is projected To Dominate the Global Agricultural Testing Service Provider Market
Europe will hold the majority of the market share. The European region’s dominance can be attributed to environmental, food safety, and agricultural regulations, as well as chemicals, nutritional content, and labeling. Aside from these strict regulations, Europe has a large number of laboratories. However, due to increased awareness about agricultural testing and stringent government regulations, the Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. Governments are also spending its resources to increase the infrastructure of soil testing. Recently, the Indian government launched a soil health card scheme to amplify soil testing. Similarly, China is also promoting soil testing and formulated fertilization to increase productivity with minimum ecological impacts.
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