DUBLIN--(BUSINESS WIRE)--The "Agricultural Testing Market by Sample, Application, Technology and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The agricultural testing market is estimated to be valued at USD 4.56 Billion in 2017, and is projected to reach USD 6.29 Billion by 2022, at a CAGR of 6.64% during the forecast period.
The market is driven by the global increase in outbreaks of foodborne illnesses, the implementation of stringent safety and quality regulations for agricultural commodities and food in developed economies, and rapid industrialization leading to the disposal of untreated industrial waste into the environment.
The agricultural testing market, based on sample, has been segmented into soil, water, seed, compost, manure, biosolids, and plant tissue. The market for testing for soil is estimated to dominate in 2017, and is also projected to be the second fastest-growing segment during the forecast period. The growing contamination of soil, caused by wastewater and industrial effluents, has been propelling the importance of soil testing; this, in turn, is driving the market for agricultural testing.
Europe accounted for the largest market share in the agricultural testing market. The dominant share of this region is attributed to the stringency in food safety, environmental, and agricultural regulations and laws pertaining to the nutritional content, chemicals, and labeling. Europe also has the highest number of testing laboratories among all regions. The Asia Pacific market is projected to grow at the highest CAGR from 2017 to 2022 and is driven by China, Japan, India, and Australia; this growth can be attributed to the increase in awareness about food safety norms and implementation of regulations for their testing in these countries.
The global market for agricultural testing is dominated by large-scale players including SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), TV Nord Group (Germany), Merieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), Agrifood Technology (Australia), Apal Agricultural Laboratory (Australia), SCS Global (US), and ALS Limited (Australia).
- Stringent Safety and Quality Regulations for Agricultural Commodities
- Increase in Outbreaks of Foodborne Illnesses
- Growth in Industrialization Leads to the Disposal of Untreated Industrial Waste Into the Environment
- Lack of Coordination Between Market Stakeholders and Supporting Infrastructure in Developing Economies, and Improper Enforcement of Regulatory Laws
- Technological Advancements in the Testing Industry
- High Costs Associated With the Procurement of Rapid Agricultural Testing Equipment
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Agricultural Testing Market, by Sample
7 Agricultural Testing Market, by Application
8 Agricultural Testing Market, by Technology
9 Agricultural Testing Market, by Region
10 Competitive Landscape
11 Company Profiles
- ALS Limited
- Agrifood Technology
- Apal Agricultural Laboratory
- Bureau Veritas
- RJ Hill Laboratories
- SCS Global
- TUV Nord Group
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