The inevitable need to improve the quality of agricultural inputs is the prime factor boosting the growth of the agriculture inputs testing market. The incessantly increasing global population is consequently creating food security challenges across the world. Consequently, the global food consumption is estimated to increase from 2940 kcal per capita per day, as of 2015, to 3050 kcal per capita per day by 2030. This, in turn, is consistently creating a burden on the agricultural industry to enhance the overall yield production in order to reduce the food supply-demand gap. For instance, the government of India is instigating the farmers to produce 285.2 million tons of food grain by the end of 2019. This is just an attenuated representation of the increasing demand for high yield production across the world. However, in order to enhance the overall agriculture productivity, the farmers are required to gain access to the large quantity of agricultural inputs such as seeds, fertilizers, chemicals, and others, without any compromise on quality. Therefore, the dire need to ensure the quality of the agriculture inputs is consequently increasing the demand for quality inspection and testing. Wherein, agriculture input testing is a process to analyze samples of fertilizer, seed, soil, and other inputs in order to determine the quality and contamination level. The test results assist the farmer in analyzing the suitable amount of input needed and resources to be supplemented for the optimal plant growth. Therefore, the growing emphasis on environmental safety and agricultural productivity is considered to be the prime impetus for the growth of the agriculture inputs testing market.
The agriculture inputs testing market size was valued at 3 billion in 2018. Furthermore, the demand for the agriculture inputs testing is poised to propel at a CAGR of 6.1% during the forecast period 2019-2025.
The Need to Overcome Foodborne Diseases Providing Growth Prospects for the Agriculture Inputs Testing Market—
Intake of sufficient amounts of safe and hygienic food is vital to promote good health. Eating food products contaminated by harmful bacteria, viruses, parasites or chemical substances, can cause more than 200 diseases, ranging from diarrhea to cancer. For instance, Salmonella and Hepatitis A outbreak in 2016, and Escherichia Coli outbreak in 2015, in the USA, caused a significant number of individual illnesses. Moreover, around 600 million people suffer from illnesses resulting from the consumption of contaminated food and 420, 000 die every year. The increasing number of foodborne illness outbreaks has instigated the governments to make food safety a public health priority by crafting and deploying effective food nutrition tests. Food Safety and Standards Authority of India, Food and Drug Administration in the USA, and State Food and Drug Administration in China are some of the regulatory bodies across the world that instigate the farmers to ensure the quality of the agriculture inputs by carrying out necessary tests. This is consequently catapulting the growth of the agriculture inputs testing market size.
Soil Testing Segment Posed to be Propelling at the Highest CAGR—
On the basis of the sample, soil testing is considered to be the key application segment of the agriculture inputs testing market that is poised to propel at the highest growth rate during the forecast period. This is mainly due to the increase in the contamination of soil, caused by wastewater and industrial effluents. For instance, it is estimated that Australia has around 80,000 soil contaminated sites, in China 16 percent of all its soils and 19 percent of its agricultural soils was polluted and moreover, there are approximately 3 million potentially polluted sites in the European Economic Area and the West Balkans. So the increasing soil contamination across the world led to the rise in importance of soil testing. Agriculture soil testing helps in soil analysis by defining the soil texture, composition, and fertility level. Other characteristics such as acidity or pH level can be determined by using soil pH tester. In order to determine the quantity of fertilizer and specific type that is needed to be used to improve the quality of the soil, the farmers are obliged to test their soil before the start of cultivation. Therefore, the key application segment is anticipated to propel at a CAGR of 6.5% through to 2025.
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Agriculture Inputs Testing Market Companies’ Strategies—
Major companies that are striving to gain majority of the agriculture inputs testing market share are Eurofins Scientific, R J Hill Laboratories Ltd., Agilent Technologies, Inc., SCS Global Services, Bureau Veritas S.A., and ALS Limited. They are continuously investing in research and development activities to innovate new agriculture inputs testing equipment within affordable prices. Moreover, these companies are frequently adopting business strategies such as collaborations, partnerships, mergers, and acquisitions to increase their footprint in the global market and to build their brand name.
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