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Market Research Report

Cannabis Testing

Published by Global Industry Analysts, Inc. Product code 898176
Published Content info 130 Pages
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Cannabis Testing
Published: July 1, 2020 Content info: 130 Pages
Description

Global Cannabis Testing Market to Reach $2 Billion by 2027

Amid the COVID-19 crisis, the global market for Cannabis Testing estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$2 Billion by 2027, growing at aCAGR of 9.6% over the period 2020-2027. Products, one of the segments analyzed in the report, is projected to record 8.7% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software (Cannabis LIMS) segment is readjusted to a revised 11.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $314.2 Million, While China is Forecast to Grow at 9% CAGR

The Cannabis Testing market in the U.S. is estimated at US$314.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$349.5 Million by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.7% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR.We bring years of research experience to this 7th edition of our report. The 130-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • PerkinElmer, Inc.
  • PharmLabs LLC.
  • Restek Corporation
  • SC Laboratories, Inc.
  • Shimadzu Corporation
  • Steep Hill Labs, Inc
  • Waters Corporation
  • AB Sciex LLC
  • Accelerated Technology Laboratories, Inc.
  • Agilent Technologies, Inc.
  • Digipath Inc.
  • Merck KGaA
Table of Contents
Product Code: MCP10871

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Cannabis Testing: An Essential Aspect of Legal Cannabis Industry
  • Global Cannabis Testing Market: Percentage Breakdown of Sales by Products for 2019
  • Chromatography: The Most Common Type of Technology in Use for Cannabis Testing
  • Potency Testing Leads the Global Cannabis Testing Market
  • Laboratories End-Use Segment Captures the Maximum Share of Market
  • Global Cannabis Testing Market: Percentage Breakdown of Sales by End-User for 2019 and 2025
  • US Emerges as the Largest Regional Market for Cannabis Testing
  • Global Competitor Market Shares
  • Cannabis Testing Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Cannabis Testing Labs Resort to Differentiation Strategy to Fight Competition
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • With the Number of Countries Legalizing Cannabis on the Rise, Expanding Legal Cannabis Market Drives Demand for Cannabis Testing
  • Global Market for Legal Marijuana in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Growing Use of Cannabis for Treatment of Serious Medical Conditions Drives Demand for Cannabis Testing to Assess Product Quality
  • List of Countries Where Medical Marijuana is Legal
  • Global Legal Medical Marijuana Market: Percentage Breakdown of Revenues by Application for 2019
  • Legalization of Recreational Cannabis: Growth Prospects for Cannabis Testing
  • Advent of Luxury Cannabis Products Fuels Need for Cannabis Testing
  • Increasing Use of LIMS in Cannabis Testing Labs: A Major Area of Growth
  • Cloud-enabled LIMS Systems Reduce Manual Workloads and Improve Lab Productivity
  • LIMS Systems and Software Enable Automated Cannabis Testing Processes
  • Managing Cannabis Testing Workflows with LIMS System
  • Cannabis Testing Labs Use LIMS Systems to Achieve ISO 17025 Compliance
  • Rising Significance of Chromatography in Cannabis Testing
  • Increase in Cannabis Testing Labs and Awareness Programs to Educate People in Developed Economies: A Major Growth Opportunity
  • List of Cannabis Testing Labs in Select Countries/US States
  • An Insight into Automated Cannabis Testing Market
  • Focus on R&D Development and Need for Cannabis Testing Labs Drives Growth
  • Challenges Confronting Cannabis Testing Market
  • Lack of Standardization for Cannabis Testing
  • Compliance Challenges Plague Cannabis Testing Space
  • High Investments to Set Up Testing Labs and High Cost of Analytical Instruments & Tests
  • Shortage of Trained Lab Professionals for Cannabis Testing
  • Innovations, Advantages & Research Studies
  • Improving Efficiency of Cannabis Product Testing
  • UBC Researchers Develop New Method to Measure Phytocannabinoids
  • Development of Suitable Sample Prep Techniques for Cannabis Testing Market
  • Gemmacert Develops Home Kit for Cannabis Testing
  • PRODUCT OVERVIEW
    • What is Cannabis?
    • Cannabis Testing
    • Cannabis Product Testing
    • Cannabis Drug Testing

4. GLOBAL MARKET PERSPECTIVE

    • TABLE 1: Cannabis Testing Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
    • TABLE 2: Cannabis Testing Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
    • TABLE 3: Cannabis Testing Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
    • TABLE 4: Products (Products & Software) World Market by Region/Country in US$ Thousand: 2020 to 2027
    • TABLE 5: Products (Products & Software) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
    • TABLE 6: Products (Products & Software) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 7: Software (Cannabis LIMS) (Products & Software) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
    • TABLE 8: Software (Cannabis LIMS) (Products & Software) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019
    • TABLE 9: Software (Cannabis LIMS) (Products & Software) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
    • Market Facts & Figures
    • US Cannabis Testing Market Share (in %) by Company: 2019 & 2025
    • Cannabis Testing Market: Poised for Growth
    • Cannabis Testing Market in the US: Percentage Breakdown of Sales by Technology for 2019 and 2025
    • Surging Market for Legal Cannabis Drives Demand for Cannabis Testing in the US
    • Legal Marijuana Market in the US: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024
    • With Legalization of Cannabis, Employers and Companies in a Dilemma over Employee Testing
    • Continuous Increase in Failure Rates Drives Need for Cannabis Testing
    • Lack of Standard Rules and Regulations Presents a Challenge for Cannabis Testing Market
    • Weak Testing Systems and Labs Impact Market Growth
    • Tight Job Market Compels Companies to Not Undertake Cannabis Testing for Employees
    • Los Angeles Home to Growing Number of Cannabis Testing Facilities
    • Market Analytics
    • TABLE 10: United States Cannabis Testing Market Estimates and Projections in US$ Thousand by Products & Software: 2020 to 2027
    • TABLE 11: Cannabis Testing Market in the United States by Products & Software: A Historic Review in US$ Thousand for 2012-2019
    • TABLE 12: United States Cannabis Testing Market Share Breakdown by Products & Software: 2012 VS 2020 VS 2027
  • CANADA
    • TABLE 13: Canadian Cannabis Testing Market Estimates and Forecasts in US$ Thousand by Products & Software: 2020 to 2027
    • TABLE 14: Canadian Cannabis Testing Historic Market Review by Products & Software in US$ Thousand: 2012-2019
    • TABLE 15: Cannabis Testing Market in Canada: Percentage Share Breakdown of Sales by Products & Software for 2012, 2020, and 2027
  • JAPAN
    • TABLE 16: Japanese Market for Cannabis Testing: Annual Sales Estimates and Projections in US$ Thousand by Products & Software for the Period 2020-2027
    • TABLE 17: Cannabis Testing Market in Japan: Historic Sales Analysis in US$ Thousand by Products & Software for the Period 2012-2019
    • TABLE 18: Japanese Cannabis Testing Market Share Analysis by Products & Software: 2012 VS 2020 VS 2027
  • CHINA
    • China's Emerging Medicinal Cannabis Market: Testing Market to Benefit
    • Market Analytics
    • TABLE 19: Chinese Cannabis Testing Market Growth Prospects in US$ Thousand by Products & Software for the Period 2020-2027
    • TABLE 20: Cannabis Testing Historic Market Analysis in China in US$ Thousand by Products & Software: 2012-2019
    • TABLE 21: Chinese Cannabis Testing Market by Products & Software: Percentage Breakdown of Sales for 2012, 2020, and 2027
  • EUROPE
    • Market Facts & Figures
    • European Cannabis Testing Market: Competitor Market Share Scenario (in %) for 2019 & 2025
    • Booming Legal Cannabis Market Propels Demand for Cannabis Testing in Europe
    • European Cannabis Market: Breakdown of Projected Market Value by Medicinal and Recreational Cannabis Segments for 2028
    • Potential Role in Clinical Applications to Drive Market Growth
    • Lack of Regulatory Standards Compels NGOs to Take Up Testing
    • Market Analytics
    • TABLE 22: European Cannabis Testing Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
    • TABLE 23: Cannabis Testing Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
    • TABLE 24: European Cannabis Testing Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 25: European Cannabis Testing Market Estimates and Forecasts in US$ Thousand by Products & Software: 2020-2027
    • TABLE 26: Cannabis Testing Market in Europe in US$ Thousand by Products & Software: A Historic Review for the Period 2012-2019
    • TABLE 27: European Cannabis Testing Market Share Breakdown by Products & Software: 2012 VS 2020 VS 2027
  • FRANCE
    • TABLE 28: Cannabis Testing Market in France by Products & Software: Estimates and Projections in US$ Thousand for the Period 2020-2027
    • TABLE 29: French Cannabis Testing Historic Market Scenario in US$ Thousand by Products & Software: 2012-2019
    • TABLE 30: French Cannabis Testing Market Share Analysis by Products & Software: 2012 VS 2020 VS 2027
  • GERMANY
    • As Europe's Largest Medical Cannabis Market, Germany Holds Tremendous Potential for Cannabis Testing
    • German Cannabis Testing Market: Percentage Breakdown of Sales by Technology for 2019
    • Market Analytics
    • TABLE 31: Cannabis Testing Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Products & Software for the Period 2020-2027
    • TABLE 32: German Cannabis Testing Historic Market Analysis in US$ Thousand by Products & Software: 2012-2019
    • TABLE 33: German Cannabis Testing Market Share Breakdown by Products & Software: 2012 VS 2020 VS 2027
  • ITALY
    • TABLE 34: Italian Cannabis Testing Market Growth Prospects in US$ Thousand by Products & Software for the Period 2020-2027
    • TABLE 35: Cannabis Testing Historic Market Analysis in Italy in US$ Thousand by Products & Software: 2012-2019
    • TABLE 36: Italian Cannabis Testing Market by Products & Software: Percentage Breakdown of Sales for 2012, 2020, and 2027
  • UNITED KINGDOM
    • TABLE 37: United Kingdom Market for Cannabis Testing: Annual Sales Estimates and Projections in US$ Thousand by Products & Software for the Period 2020-2027
    • TABLE 38: Cannabis Testing Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Products & Software for the Period 2012-2019
    • TABLE 39: United Kingdom Cannabis Testing Market Share Analysis by Products & Software: 2012 VS 2020 VS 2027
  • REST OF EUROPE
    • TABLE 40: Rest of Europe Cannabis Testing Market Estimates and Forecasts in US$ Thousand by Products & Software: 2020-2027
    • TABLE 41: Cannabis Testing Market in Rest of Europe in US$ Thousand by Products & Software: A Historic Review for the Period 2012-2019
    • TABLE 42: Rest of Europe Cannabis Testing Market Share Breakdown by Products & Software: 2012 VS 2020 VS 2027
  • ASIA-PACIFIC
    • Cannabis Legalization Bodes Well for Cannabis Testing Market in Asia-Pacific
    • Growing Medical Cannabis Market: A Tremendous Opportunity for Cannabis Testing Market
    • Legal Status of Medical Cannabis in Select Asian Countries
    • Market Analytics
    • TABLE 43: Cannabis Testing Market in Asia-Pacific by Products & Software: Estimates and Projections in US$ Thousand for the Period 2020-2027
    • TABLE 44: Asia-Pacific Cannabis Testing Historic Market Scenario in US$ Thousand by Products & Software: 2012-2019
    • TABLE 45: Asia-Pacific Cannabis Testing Market Share Analysis by Products & Software: 2012 VS 2020 VS 2027
  • REST OF WORLD
    • High Growth Potential for Medical Cannabis in Latin America to Prove Promising for Cannabis Testing Market
    • Legal Cannabis Market Value in $ Billion in Latin America for the Years 2019, 2021, 2023 and 2025
    • Market Analytics
    • TABLE 46: Rest of World Cannabis Testing Market Estimates and Forecasts in US$ Thousand by Products & Software: 2020 to 2027
    • TABLE 47: Rest of World Cannabis Testing Historic Market Review by Products & Software in US$ Thousand: 2012-2019
    • TABLE 48: Cannabis Testing Market in Rest of World: Percentage Share Breakdown of Sales by Products & Software for 2012, 2020, and 2027

IV. COMPETITION

  • Total Companies Profiled: 46
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