Agricultural Testing Market Industry Analysis & Overview

The report "Agricultural Testing Market by Sample (Soil, Water, Seed, Compost, Manure, Biosolids, Plant Tissue), Application (Safety Testing (Toxins, Pathogens, Heavy Metals), Quality Assurance), Technology (Conventional, Rapid), and Region - Global Forecast to 2022",agricultural testing market is estimated to be valued at USD 4.56 Billion in 2017, and is projected to reach USD 6.29 Billion by 2022, at a CAGR of 6.64%. The market is driven by stringent safety and quality regulations for agricultural commodities, increase in outbreaks of foodborne illnesses, and rapid industrialization leading to the disposal of untreated industrial waste into the environment.

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Target Audience:

• Agricultural & farming industry 
• Farmers 
• R&D institutes & laboratories 
• Agricultural testing service providers and third-party testing & certification laboratories 
• Regulatory bodies 
• The Food and Drug Administration (FDA), the European Food Safety Authority (EFSA), Food Standards Australia New Zealand (FSANZ), the Food Safety Commission of Japan, the Agri-Food & Veterinary Authority of Singapore (AVA) (Singapore), and the Canadian Food Inspection Agency 
• Government agencies and NGOs 
• Component suppliers 
• Reagent manufacturers & suppliers 
• Diagnostic instrument & kit manufacturers/suppliers 

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Europe accounted for the largest market share in the agricultural testing market. The dominant share of this region is attributed to the stringency in food safety, environmental, and agricultural regulations and laws pertaining to the nutritional content, chemicals, and labeling. Europe also has the highest number of testing laboratories among all regions. The Asia Pacific market is projected to grow at the highest CAGR from 2017 to 2022 and is driven by China, Japan, India, and Australia; this growth can be attributed to the increase in awareness about food safety norms and implementation of regulations for their testing in these countries.

Lack of coordination between market stakeholders and supporting infrastructure in developing economies, and the improper enforcement of regulatory laws are the major restraints for the growth of this market.

The global market for agricultural testing is dominated by large-scale players including SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), TÜV Nord Group (Germany), Merieux (US), AsureQuality (New Zealand), RJ Hill Laboratories (New Zealand), Agrifood Technology (Australia), Apal Agricultural Laboratory (Australia), SCS Global (US), and ALS Limited (Australia).