Worldwide Soil Fertility Testing Industry to 2028 - Increasing Outbreak of Food-Borne Diseases Presents Opportunities
DUBLIN, Sept. 8, 2021 /PRNewswire/ -- The "Soil Fertility Testing Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Test Type (Physical, Chemical, and Biological) and Method (Onsite and Offsite/Laboratory)" report has been added to ResearchAndMarkets.com's offering.
The soil fertility testing market was valued at US$ 4,355.51 million in 2020 and is projected to reach US$ 5,891.06 million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028. Soil fertility testing is used to simulate the roots' ability of assimilating minerals.
Soil fertility testing helps determine the growth potential of soil, indicating inadequacies of nutrients, potential toxicity caused by excessive fertility, and inhibitions due to non-essential trace minerals. Soil fertility testing has become widely accepted in the agriculture sector in the last few years for achieving higher field yields and revenues. Further, increasing population in the world, the rising availability of arable land, and the presence of a large number of soil fertility testing service providers are boosting the demand for soil fertility testing products and services.
Based on test type, the soil fertility testing market is segmented into physical, chemical, and biological. The chemical segment held the largest share in the market in 2020. Chemical soil tests have emerged as a monitoring tool for avoiding excessive nutrient input to the farm system. These tests help determine the concentration of essential plant nutrients such as phosphorus, nitrogen, potassium, available lime, organic matter, sulfur, and trace elements as well as other physical properties such as capacity, permeability, density, and pH. Further, the soil chemical testing assists in the optimization of crop production, protection of the environment from contamination caused by runoff and leaching of excess fertilizers, diagnosis of plant culture problems, and enhancement of nutritional balance of the growing media.
The soil fertility testing market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2020, Europe accounted for the largest market share. The market growth in the region is attributed to the existence of stringent food safety, environmental, and agricultural regulations as well as enforcement of laws pertaining to the nutritional content, chemicals, and labeling. In addition, the better availability of arable land and presence of a large number of soil fertility testing service providers is also boosting the market growth in the region. In January 2021, Agrocares and Blue Fifty Scanner, its local partner as well as a representative of SoilCares in Poland, introduced their scanner packages to the Polish market. The scanner in combination with smartphone apps allow the users to test pH and soil texture, and send practical lime recommendations in 10 minutes. It will also be able to measure N, P, and K as well as provide fertilizer recommendations.
Impact of COVID-19 Pandemic on Soil Fertility Testing Market
The COVID-19 outbreak has disrupting the soil fertility testing market due to the slowdown of agricultural activities, instabilities in supply chains, limitations on trade movements, and decrease in the availability of workforce, among others. The outbreak has distorted operational efficiencies and disrupted the value chains due to the sudden shutdown of national and international boundaries. However, as the economies are planning to revive their operations, the demand for soil fertility testing is expected to rise globally in the coming months. Furthermore, the demand for healthy food crops, fruits, and vegetables as well as the need for nutrientorich and immunity-boosting food products have risen due to an increase in number of COVID-19 cases, which would support the soil fertility testing market growth. Further, amid the pandemic, agrarian nations such as India, Bangladesh, and Vietnam, where agriculture accounts for 12-16% of GDP, have been hit the worst. Despite relief plans and packages announced by governments for small farmers, the agriculture sector performance has been declining. The supply of agricultural produce from California, which supplies nearly one-third of the US's fruits and vegetables, was restricted with the surge in infection in 2020, which hampered the growth of the soil fertility testing market in the country.
Reasons to Buy
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the global soil fertility testing market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Global Soil Fertility Testing Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South and Central America
4.3 Expert Opinion
5. Soil Fertility Testing Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Stringent Government Regulations Pertaining to the Nutrient Content of Crops to Boost Market Growth
5.2 Surging Demand to Boost Agricultural Productivity in Developing Regions
5.3 Market Restraints
5.3.1 Lack of Awareness Among Farmers in Developing Regions
5.4 Market Opportunities:
5.4.1 Increasing Outbreak Of Food-Borne Diseases
5.5 Future Trends:
5.5.1 Emerging Technologies to Improve Soil Fertility
5.6 Impact Analysis of Drivers and Restraints
6. Soil Fertility Testing - Global Market Analysis
6.1 Soil Fertility Testing Market Overview
6.2 Soil Fertility Testing Market -Revenue and Forecast To 2028 (US$ Million)
6.3 Competitive Positioning - Key Market Players
7.1 Overview
7.2 Soil Fertility Testing Market Breakdown, By Test Type, 2020 and 2028
7.3 Physical
8.1 Overview
8.2 Soil Fertility Testing Market Breakdown, By Method, 2020 and 2028
8.3 Onsite
8.3.1 Overview
8.4 Offsite/ Laboratory
8.4.1 Overview
8.4.2 Offsite/ Laboratory: Soil Fertility Testing Market, Revenue And Forecast To 2028 (US$ Mn)
9. Soil Fertility Testing Market - Geographic Analysis
10. Overview- Impact of Coronavirus Outbreak
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Product & Service Launch
11.2 Merger & Acquisition
11.3 Partnership
11.4 Joint Venture
11.5 Expansion
11.6 Market Positioning - Global Soil Fertility Testing Market Players
12. Company Profiles
12.1 SGS SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Eurofins Scientific
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ALS
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Agrocares
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Water Agricultural Laboratories, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Polytest Laboratories
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 AGROLAB GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Activation Laboratories Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Crop Nutrition Laboratory Services Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 A and L Great Lakes
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
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