Agricultural Inputs Testing Market Overview
Agricultural inputs testing is highly popular among developed and commercialized regions. The implementation of certain regulations pertaining to environmental safety and agricultural productivity is driving the global agricultural inputs testing market. The segmentation of this industry is done according to the types of test carried out and types of equipment and consumables used in the agricultural inputs testing market. The market is estimated to grow at a CAGR of 6.04% during the forecast period 2018–2023. The Asia-Pacific agricultural inputs testing market is forecast grow at the highest CAGR of 6.47%, which can be mainly attributed to the spread of the Green Revolution in Asia-Pacific countries.
Agricultural Inputs Testing Market Outlook
Agricultural inputs testing helps in understanding the amount of resources that is to be supplemented for optimal plant growth. The testing helps in determining the contamination level, compositions, and other characteristics such as acidity or pH level of the given sample. Agricultural inputs testing entails soil testing, fertilizer testing, water testing, and others. Soil testing helps in defining the soil fertility, pesticide residue, and nutrient levels that are present in the soil. Soil testing also helps in monitoring the stages of soil degradation. In developed countries, soil tests are carried out in certified laboratories, whereas smallholder farmers adopt consumable kits for testing purpose.
These tests help farmers determine the type of fertilizers to be used on a particular soil type, thus optimizing agricultural productivity. Various equipment such as flame photometer, pH meter, spectroscope, and others are used to determine the contents present in the soil. The recent technological advancements have helped farmers to determine the seed characteristics and production practices to be implemented based on types of soil and climatic conditions, resulting in higher crop yields. The soil testing services segment generated revenue of $1,269.07m in 2017 and is estimated to reach $1,870.62m by 2023, growing at a CAGR of 6.80%.
Agricultural Inputs Testing Market Growth Drivers
The implementation of certain regulations pertaining to environmental safety and agricultural productivity, and the need to overcome foodborne illnesses caused due to the presence of pathogens and residues of fertilizers in food are some of the drivers that are contributing to the growth of the market.
Agricultural Inputs Testing Market Challenges
Smallholder farmers use consumable kits in carrying out agricultural tests; and thus, precise results cannot be determined using these kits. In regions such as Africa, testing samples are sent to European countries, indicating the lack of infrastructure in developing countries. These are some of the challenges faced by the market
Agricultural Inputs Testing Market – Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the equipment in agricultural input testing market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of testing equipment, and their specific applications in different types of services.
Agricultural Inputs Testing Market Report: Industry Coverage
Types of Test: Soil Testing, Fertilizers Testing, Water Testing, Seed Testing, and Others
By Equipment: Flame Photometer, Spectroscope, pH Meter, TDS Meter, and Others
By Consumables: On-site Test Kits, and Laboratory Kits
The Agricultural Inputs Testing market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Middle East and Africa: Israel, South Africa, Saudi Arabia
Agricultural Inputs Testing Market Trends
Ongoing research projects on plant genomics and plant pests, where biotechnology applications are used in developing biotech seeds and bio controls, are helping farmers focus on tackling biological organisms such as weeds and insects.