Agricultural Testing Market size is forecast to reach $7.73 billion by 2025, after growing at a CAGR of 7% during 2020-2025. Agricultural testing helps to determine the fertility or the expected enhancement of the soil, which indicates nutrient deficiencies, potential toxicities from excessive fertility, and inhibitions due to the presence of non-essential trace minerals. The growth of the market of Agricultural testing is expected to be driven by the high demand from the agriculture industry.
By Sample-Segment Analysis
Soil segment held the largest share in the agricultural testing market. Soil testing helps to determine the fertility or the expected enhancement of the soil, which indicates nutrient deficiencies, potential toxicities from excessive fertility, and inhibitions due to the presence of non-essential trace minerals. The tests described are designed to assist municipalities, farmers, environmental agencies, and others in developing environmentally sound soil management programs. These tests for major and trace elements assist in monitoring soils that have been amended with bio solids or other materials. The Pre-Sidedress Nitrate Test held the largest share in the soil segment. The Pre-Sidedress Nitrate Test is a soil nitrogen test that is designed to provide assistance in making agronomically and environmentally sound nitrogen recommendations for corn. The Pre-Sidedress Nitrate Test is especially useful in systems where manure has been applied because it eliminates some of the uncertainty associated with utilizing manure nitrogen. To use the Pre-Sidedress Nitrate Test, 12 inch deep soil samples are taken when the corn is at least 12 inches tall. Samples must be dried immediately and sent to the laboratory. These samples are analyzed for nitrate-nitrogen and, based on this result and information on the expected yield and history of the field, a Sidedress nitrogen recommendation is made.
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By Technology-Segment Analysis
Rapid technology segment held the largest share in the agricultural testing market. Low turnaround time, higher accuracy & sensitivity, and the capacity to test a wide range of contaminants are the factors driving the market for rapid technology. Polymerase Chain Reaction held the largest share in the rapid technology segment. Polymerase chain reaction is a common laboratory technique used to make many copies of a particular region of DNA. This DNA region can be anything the experimenter is interested in. Typically, the goal of polymerase chain reaction is to make enough of the target DNA region that it can be analyzed or used in some other way. For instance, DNA amplified by polymerase chain reaction may be sent for sequencing, visualized by gel electrophoresis, or cloned into a plasmid for further experiments. Spectrometry held the second largest share in the rapid technology segment. Spectrometry is an analytical method used to structurally characterize, identify, or quantify chemicals and biological molecules. The novel mass spectrometric methods use through either collaboration or analytical service, apply them to research in the agricultural testing.
By Application-Segment Analysis
Quality assurance segment held the largest share in the agricultural testing market wood in 2019 growing at CAGR of 6.1% 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. All the planned and systematic activities implemented within the quality system that can be demonstrated to provide confidence that a product will fulfill requirements for quality. Increase in requirements for the quality of agrarian products in the world can be attributed to the export-oriented agricultural food sector as well as the need for implementing modern mechanisms of quality assurance, witnessed due to globalization. Most agriculture businesses utilize some form of quality assurance in production, from consumer packaged food products to the market. Quality assurance methods focus on establishing good processes to produce products with the quality already built-in, rather than going through an unmonitored production process and trying to inspect quality to a product that’s already been finished.
Geography- Segment Analysis
Asia-Pacific (APAC) dominated the agricultural testing market with a share of more than 41% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are adopting of advanced biotechnological methods and organic farming resulting in the need for agricultural testing, and an increase in the number of exports from the region, necessitating agricultural testing for the produce. Agriculture sector is the end use end use industry of agriculture testing market. Agriculture sector encompasses preparing the soil for optimum returns, improving crops, landscaping services. As there has been a continuous growth in the world population, the demand for agricultural goods have witnessed a surge. To meet this rising demand, agricultural enterprise has grown into various branches. The 2019–20 coronavirus pandemic has had far-reaching consequences beyond the spread of the disease and efforts to quarantine it. The agriculture sector which is the end use industry of bioinsecticides is harshly effected by this epidemic. COVID-19 is disrupting activities in agriculture and supply chains. Preliminary reports show that the non-availability of labor is interrupting harvesting activities, particularly this time when wheat and pulses are being harvested. There are disruptions in supply chains because of transportation problems and other issues. Prices have declined for wheat, vegetables, and other crops, yet consumers are often paying more. These factor will hamper the growth of agricultural testing market for this year but after the situation become normal it will grow with a steady rate in the forecast period.
Drivers – Agricultural Testing Market
Increase in Outbreaks of Foodborne Illnesses will drive the growth of the market in the forecast period
Rise in agricultural productivity is achieved by the use of high-yield varieties of seeds, advanced irrigation technologies, and agricultural chemicals such as insecticides. Output and productivity have increased significantly in most countries; for example, wheat yield in the UK and corn yields in the US. According to the Centers for Disease Control and Prevention in November 2018, approximately 48 million get sick and 1,28,000 are hospitalized, 3,000 die from foodborne diseases each year in the United States. Additionally, Salmonella is the most common known cause of hospitalization owing to the food poising in the United States with around 19,000 cases per year. Also, economic burden of foodborne illness is estimated to be around $77.7 billion that is spent towards health-related costs and loss of productivity. Hence, in order to get rid of foodborne illness the adoption of agricultural testing would increase. This factor will drive the growth of agricultural testing market in the forecast period.
Increasing soil testing technique will drive the growth of the market in the forecast period
Soil testing technique is became popular among farmers. 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. This factor will drive the growth of agriculture testing market.
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Challenges – Agricultural Testing Market
Low grade agricultural testing methods in developing countries will hinder the growth of market in the forecast period
The manufacturing and trade of counterfeit of agriculture testing methods are expected to present a huge challenge to the players present in the organized agriculture testing industry. The availability of technology and loopholes in the regulatory framework facilitate the development and trade of counterfeit and sub-standard testing kits. The unorganized agriculture testing industry in developing countries such as India, China, Indonesia, and South Africa is producing substandard quality tests which resulting in economic losses to farmers. This factor will hinder the growth of agriculture testing market in the forecast period.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the agricultural testing market. In 2019, the market of agricultural testing has been consolidated by the top five players accounting for XX% of the share. Major players in the agricultural testing market are SGS, Intertek, Eurofins, Bureau Veritas, ALS Limited, and Others.
Acquisitions/Technology Launches/Product Launches
In Nov 2018, Agilent Technologies, Inc., has completed the acquisition of ACEA Biosciences Inc. (ACEA). Moreover, in July 2019, it has announced its decision to acquire BioTek. These acquisitions are intended to strength its leadership position in agriculture testing services in the global market and moreover, to build its brand name.
In the year 2018, Bureau Veritas S.A., has acquired four companies. It has acquired Shandong Cigna (China) in Jan 2018, FEAC (japan) in March 2018, Labomag (Morocco) in March 2018, and Permulab (Malaysia) in July 2018. These acquisitions are intended to broaden its presence across the globe and strengthen its footprint in the agriculture testing market.
Asia-Pacific dominates the agricultural testing market owing to Increase in outbreaks of foodborne diseases.
Stringent safety and quality regulations for agricultural commodities will drive the growth of the market in the forecast period.
High costs associated with the procurement of rapid agricultural testing equipment will hamper the growth of the market in the forecast period.
Related Reports :
A. Agriculture Testing & Monitoring Equipment Market
B. Soil Stabilization Market
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