2018 Agricultural Testing Global Market Report Forecast to 2022 - Market to Reach $6.29 Billion
DUBLIN, April 12, 2018 /PRNewswire/ --
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 6.29 billion by 2022, at a CAGR of 6.64% from 2017 to 2022.
The market is driven by the global increase in the outbreaks of foodborne illnesses, and 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. Lack of coordination between market stakeholders and supporting infrastructure in developing economies, and the improper enforcement of regulatory laws are the major restraints for the growth of this market.
The soil testing segment is estimated to dominate the market for agricultural testing in 2017. It is also projected to grow at the highest CAGR during the forecast period. Testing of soil samples is majorly conducted to be able to determine its nutrient and contaminated content, composition, and various other characteristics of soil such as its acidity and pH levels. 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.
The agricultural testing market, by application, is estimated to be dominated by the quality assurance segment in 2017. The dominance of quality assurance in agricultural testing is attributable to the fact that it aids in proactively resolving major problems related to soil fertility, available water quality for irrigational facilities, and identify required nutrients essential for a more robust growth and development of crops and other agricultural produce. The market for safety testing is projected to be the fastest-growing during the forecast period. Safety testing of agricultural samples is conducted to test samples for targets such as toxins, pathogens, heavy metals, pesticides, GMOs, and other organic contaminants. A growing importance given to safety laws for agricultural produce and food commodities is expected to boost the market for this segment during the forecast period.
The European market is estimated to be the largest in 2017, owing to the stringency in food safety, environmental, and agricultural regulations and laws pertaining to the nutritional content, chemicals and labeling in the region. 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.
The key players in the agricultural testing market adopted acquisitions as their key growth strategy to increase their market share and profits. Expansions and investments accounted for the second most important form of growth strategy to be adopted by market players.
Market Dynamics
Drivers
- 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
Restraints
- Lack of Coordination Between Market Stakeholders and Supporting Infrastructure in Developing Economies, and Improper Enforcement of Regulatory Laws
Opportunities
- Technological Advancements in the Testing Industry
Challenges
- High Costs Associated With the Procurement of Rapid Agricultural Testing Equipment
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions and Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Agricultural Testing Market
4.2 Agricultural Testing Market, By Key Country
4.3 Europe: Agricultural Testing Market, By Rapid Technology & Country
4.4 Agricultural Testing Market, By Application & Region
4.5 Agricultural Testing Market, By Sample & Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Supply Chain Analysis
5.3.1 Upstream Process
5.3.1.1 R&D
5.3.1.2 Sample Collection
5.3.2 Midstream Process
5.3.2.1 Transportation
5.3.2.2 Testing of Sample
5.3.3 Downstream Process
5.3.3.1 Final Result
5.3.3.2 Distribution
6 Agricultural Testing Market, By Sample
6.1 Introduction
6.2 Soil
6.3 Water
6.4 Seed
6.5 Compost
6.6 Manure
6.7 Biosolids
6.8 Plant Tissue
7 Agricultural Testing Market, By Application
7.1 Introduction
7.2 Safety Testing
7.2.1 Toxins
7.2.2 Pathogens
7.2.3 Heavy Metals
7.2.4 Pesticides
7.2.5 Others
7.3 Quality Assurance
8 Agricultural Testing Market, By Technology
8.1 Introduction
8.2 Conventional Technology
8.2.1 Agar Culturing
8.3 Rapid Technology
8.3.1 Spectrometry & Chromatography
8.3.2 Polymerase Chain Reaction (PCR)
8.3.3 Enzyme-Linked Immunosorbent Assay (ELISA)
9 Agricultural Testing Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Australia
9.4.5 Rest of Asia Pacific
9.5 Rest of the World (RoW)
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Others in RoW
10 Competitive Landscape
10.1 Overview
10.2 Competitive Scenario
10.3 Market Ranking Analysis
10.4 Acquisitions
10.5 Expansions & Investments
11 Company Profiles
11.1 SGS
11.2 Eurofins
11.3 Intertek
11.4 Bureau Veritas
11.5 ALS Limited
11.6 TUV Nord Group
11.7 Mrieux
11.8 Asurequality
11.9 RJ Hill Laboratories
11.10 SCS Global
11.11 Agrifood Technology
11.12 Apal Agricultural Laboratory
For more information about this report visit https://www.researchandmarkets.com/research/6p982f/2018_agricultural?w=5
Media Contact:
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article