Global Agricultural Testing Market Size Likely to Grow at a CAGR of 7.2% By 2033

According to current market research conducted by the CMI Team, the global Agricultural Testing Market is expected to record a CAGR of 7.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 6.9 Billion. By 2033, the valuation is anticipated to reach USD 13 Billion.

Agricultural Testing Market: Overview

According to industry experts at CMI, agricultural testing is the method used to test soil, seed, water, and biosolids contamination and pollutants. These techniques are gaining popularity owing to the rising adoption of precision farming techniques globally.

Moreover, the growing population size, along with the increasing emphasis on food security, propels the expansion of the agricultural testing industry. Furthermore, the increasing awareness among farmers for real-time monitoring and results, especially in developed regions like North America, Europe, and others, influences market penetration.

Also, the growing number of innovative product launches and rising collaboration among key players drive the agricultural testing industry. However, limited access to testing infrastructure and time-consuming testing procedures are major restraining factors for market expansion.

Agricultural Testing Market: Growth Factors and Dynamics

Increasing government initiatives

The initiatives taken by government bodies have driven the industry’s growth. For instance, the US Department of Agriculture implemented a strategic initiative to enhance the substantiation of animal-raising claims. These initiatives were mainly taken to protect consumers from false and misleading labels.

Growth in greenhouse production

One of the main market trends for agricultural testing fueling the industry’s expansion is the rapid rise in greenhouse production. The process of growing vegetables and crops in a greenhouse is commonly referred to as greenhouse production. Furthermore, many people favor a greenhouse because it is simple to control the temperature, light, and other factors.

With these characteristics, farmers may design the perfect micro-ecosystem for their plants. Farmers increasingly turn to greenhouse farming since it allows them to set up well-planned greenhouses in controlled environments and provide profitable crops. Therefore, producers may continue cultivating crops at a minimal cost, no matter the surrounding climate.

Inconsistent testing standards

Inconsistent testing standards across the region restrict market growth. The regulatory criteria for agricultural products are different nationwide, making it difficult for farmers who sell their products in foreign countries to meet the needs of numerous tests. This lack of standardization leads to higher expenses for farmers and agricultural businesses, hindering the market.

Report Scope

Agricultural Testing Market: New Launches and Acquisitions

• In July 2024, the US and India partnered to enhance global food security through innovation.