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Cannabis Testing Market Size, Statistics, Industry Growth, Value Chain, Trends And Forecast To 2027

The main objective of this report is to define, describe, and forecast the global Cannabis Testing market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in Cannabis Testing market.

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The potency level and the potential of abuse of marijuana makes its use difficult even for medicinal purposes. After the declaration of marijuana as a "Schedule 1' drug by the United States Drug Enforcement Administration, the transportation and handling of cannabis has been difficult. With the effort of many organizations who see the actual potential of recreated marijuana in medicinal applications, countries are now legalizing marijuana partially or fully. This has created a path of growth for many pharmaceutical companies in the region. For instance, The Aurora Cannabis, one of Canada's largest licensed cannabis producers have recently signed a medical cannabis supply deal with Mexican pharmaceutical company Farmacias Magistrales. This exclusive strategic partnership makes the Mexican based pharmaceutical company country's first cannabis import license following that development. Another example was when Medical Marijuana, Inc.'s distribution company, HempMeds decided that they would import the raw material, to start manufacturing medical marijuana products in Mexico and then export them to Europe, Canada, the United States and Latin America. Such factors is expected to propel the cannabis testing market over the next eight years.

The detailed research study provides qualitative and quantitative analysis of cannabis testing market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America including United States, Canada and Mexico.

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Cannabis Testing Market :

  • By Test Type
    • Potency
    • Heavy Metal
    • Terpene Profiling
    • Microbial Analysis
    • Pesticide Screening
    • Residual Solvent Screening
    • Genetic
  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
      • Rest of North America

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