PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358163
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358163
The global agricultural testing market size was valued at US$ 5.74 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 5.74 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 6.30% | 2030 Value Projection: | US$ 9.37 Bn |
Agricultural testing involves the analysis of soil and water to assess their suitability for crops and other uses. It measures the level of various elements such as potassium, magnesium, copper, manganese, zinc, and salts. It can help identify contaminants that are present in soils and guide producers in selecting appropriate agronomic practices. The testing can also reveal the pH and salinity of the soil. A good soil test can give farmers the information they need to improve their crops. The global agricultural testing market is a rapidly growing industry that provides essential services to the agriculture sector. Agricultural testing involves the analysis of soil, water, and plant samples to determine their nutrient content, identify potential contaminants, and assess the overall health of crops and livestock. This information is critical for farmers, agronomists, and other agricultural professionals to make informed decisions about crop management, fertilization, and pest control. The global agricultural testing market is a vital industry that plays a crucial role in ensuring the safety and quality of agricultural products. With the increasing demand for food safety and sustainability, the market is expected to continue to grow in the coming years.
Growing concern over food safety and the need to promote sustainable agricultural practices are prime factors driving growth of the agricultural testing market. Moreover, liberalization of trade and growing agricultural exports are again augmenting market growth. Furthermore, increasing demand for foods that are free from pesticides and insects is further driving growth of the agricultural testing market. The market is driven by factors such as the increasing demand for food safety and quality, the need for sustainable agriculture practices, and the growing awareness about the benefits of agricultural testing.
On the other hand, the high cost and time involved are expected to restrict market growth.
Browse 24 market data tables and 28 figures on " Global Agricultural Testing Market forecast to 2030