The global agricultural testing services market is poised to generate over USD 3 billion in new opportunities by 2033. Sales are expected to reach USD 5.1 billion by 2023, growing at a CAGR of approximately 7.5% from 2023 to 2033.
Agricultural testing services include a variety of tests for water, soil, seeds, food, fertilizers, and more to assess and verify quality standards. The rising demand for these services worldwide, aimed at maintaining high-quality benchmarks and optimizing agricultural production, is significantly driving market expansion. The market is categorized by sample type, service type, end user, and region.
On the basis of sample type, the agriculture testing services market has been segmented into water, soil, seed, water, fertilizer, food, and others. On the basis of service type, the agriculture testing service market has been segmented into on-site and off-site agriculture testing services. On the basis of end users, the agriculture testing services market has been segmented into farmers, agricultural consultants, fertiliser manufacturers, research bodies, and others. On the basis of region, the agriculture testing services market has been segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa and Emerging Countries.
Rapidly increasing global population and urbanisation are some of the major concerns across the globe. Increasing population creates a burden on the agriculture industry to maximise the overall yield production. Continuous focus on the maximisation of yield production also requires a larger quantity of agriculture products such as fertilizers, seeds, and others. The increasing demand for the quality inspection of these agriculture products to generate the maximum yield is ultimately boosting the agriculture testing service market.
Key Players Focused on Expansion in Lucrative Asian Markets
Regions such as North America, Europe, and East & South Asia are among the key regions in which the agriculture industry is growing rapidly. Prominent manufacturers are continuously focusing on these regions to capture a significant market share in terms of revenue. Agriculture testing service providers provide various types of testing services such as soil testing, food testing, water testing, seed testing, fertiliser testing, and other testing services in these regions.
The presence of an adequate number of key agriculture service providers and the frequent requirement of agriculture testing services in these regions is fuelling the growth of the agriculture testing service market. These key agriculture testing service providers firmly believe in acquisitions and expansion strategies to expand their global footprints.
- For instance, Eurofins, one of the prominent agriculture testing service providers, announced the acquisition of Laboratoire de Bromatologie de l’Ouest (LBO) to extend its network of food testing laboratories in France on May 23, 2018
- The company also strengthened its footprint in France by acquiring Protec Group to expand its food and water testing activities
- ALS Limited, another agriculture testing service provider, acquired the Mikrolab Group in Sweden on October 3, 2017. The Mikrolab Group provides pharmaceutical, environmental, and food testing to a wide range of clients
Key Segments in the Agricultural Testing Services Market
By Service Type:
- Soil Testing Service
- Seed Testing Service
- Water Testing Service
- Fertilizer Testing Service
By Analysis Type:
- Physical Analysis
- Chemical Analysis
By End User:
- Farmers
- Agriculture Consultant
- Fertilizers Manufacturers
- Research Bodies
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
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