The global cannabis testing service market expected to reach US$ 3.4 billion by 2027
The Cannabis Testing Service Market report gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the growing need to contain drug abuse and adulteration in cannabis, there is a strong need for quality testing labs in developed economies, this acts as a pivotal factor in boosting the sale of cannabis. Moreover, the positive scenario of scientific literature, clinical trials, and consumer awareness is creating a strong favorable narrative for the market.
The global cannabis testing service industry is fragmented based on service, end-use, and region. In terms of service, the market is segmented into potency test, terpene profiling, heavy metal test, pesticide screening, microscopy test, residual solvent screening, and others. Based on end-use, the market is further bifurcated into drug manufacturers, cultivators/growers, and research institutes & labs.
The potency test segment is estimated to hold a major share in the global cannabis testing service industry, as the use of cannabis is rising in medicinal purposes. The segment is expected to witness significant growth over the forecast period.
Based on end-use, the cannabis cultivators/growers' segment is projected to constitute almost half of the market in 2027. The high share is attributed to the fact that most of the cultivator desire to have in-house testing capabilities.
North America market accounted for the dominant share in 2019 in terms of revenue owing to the growing research & development in the field of hemp for medical use. In addition, the growing demand for marijuana in healthcare industry is likely to complement market growth
List of Key Players
Saskatchewan Research Council (SRC)
SGS Canada Inc.
Key Topics Covered:
2. Executive Summary
3. Research Methodology
4. Cannabis Testing Services Market Insights 4.1. Cannabis Testing Services - Industry snapshot 4.2. Cannabis Testing Services Market Dynamics 4.2.1. Drivers and Opportunities 22.214.171.124. Favorable legislations 126.96.36.199. Increasing usage for medical purposes 4.2.2. Restraints and Challenges 188.8.131.52. Adulteration and abuse 4.3. Porter's Five Forces Analysis 4.4. PESTLE Analysis 4.5. Cannabis Testing Services Market Industry trends
5. Cannabis Testing Services Market Assessment by Service Type 5.1. Key Findings 5.2. Introduction 5.2.1. Global Cannabis Testing Services Market, By Service Type, 2016-2027 (USD Million) 5.3. Potency Testing 5.4. Terpene Profiling 5.5. Heavy Metal Testing 5.6. Pesticide Screening 5.7. Microscopy Testing 5.8. Residual Solvent Screening
6. Global Cannabis Testing Services Market, by End Use 6.1. Key Findings 6.2. Introduction 6.2.1. Global Cannabis Testing Services Market, By End Use, 2016-2027 (USD Million) 6.3. Drug Manufacturers 6.4. Cultivators/Growers 6.5. Research Institutes & Labs