Esticast Research & Consulting Added Recent Research Report Entitled Agricultural Testing Market is expected to reach $7.51 billion, growing with a CAGR of 5.5%, during the forecast period of 2018 to 2025.
The surge in global populace and their food demand has brought agricultural sector into the prime focus. Agriculture has emerged as a vital industrial sector that is contributing significantly in the GDP of major developing nations. Agricultural produce is marketed in both local and international market, owing to which, the need for testing the agricultural produce has become of utmost importance. The agricultural products must meet the international quality standards in order to be exported in the international market. According to the International Trade Statistics, in 2016, maize and corn earned a total export value of $29.5 billion in the global international trade market. Such notable statistics catalyze the growth of the market.
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Agriculture testing is a broad term that encompasses the testing services provided by the market players during post- and pre-harvest durations. The testing of soil, water, seed, fertilizers, and other agricultural inputs is of similar importance as of the final agricultural produce, as a high quality produce can only be obtained by the use of high quality inputs. A major portion of the farmers opt for soil testing, water testing, and seed testing before cultivating the crop, as it provides them with a suitable cropping agenda during the cultivation season.
The global agricultural testing market is expected to witness an impressive growth during the upcoming years, owing to the advancements in testing methodologies and the inculcation of digital technology in agriculture. The global agricultural testing market is fragmented with presence of several market players competing against each other on the basis of service quality, price, reliability, and product innovation. Moreover, the market players are focusing on mergers and acquisitions in order to gain a competitive edge over their competitors and expand their global presence.
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The report provides detailed qualitative and quantitative analysis of the agricultural testing market. Market size and forecast in terms of value has been provided for the period - (2017 - 2025), for the segments namely sample, technology, and application in each of the major regions.
Agricultural Testing Market Player Analysis -
The report presents detailed analysis of major players operating in agricultural testing market. Few of the include Eurofins Scientific SE, bioMerieux S.A, R J Hill Laboratories Ltd., Agilent Technologies Inc., SCS Global Services, Bureau Veritas S.A., ALS Limited, Intertek, and Idexx Laboratories. Detailed coverage on these market players with information on their revenue from agricultural testing business, market share, and their growth strategies have been provided in the report.
The global agricultural testing market is segmented on the basis of sample, technology, application and geography. By sample, the market is segmented into soil, water, seed, manure, bio-solids, and others. On the basis of technology, the market is categorized into conventional and rapid. Application wise, the market is segregated into quality assurance and contaminant testing. Geographical coverage has been provided for each of the major regions including North America, Europe, Asia-Pacific, South America and Rest of the World.
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Agricultural Testing Market Segmentation
• Quality assurance