Soil Fertility Testing Market Forecasts to 2028 – Global Analysis By Product (Biological Testing, Chemical Testing), Application (Aeration in Soil and Chemical Fertility of Soil) and By Geography
According to Stratistics MRC, the Global Soil Fertility Testing Market is accounted for $4,439.19 million in 2020 and is expected to reach $7,128.96 million by 2028 growing at a CAGR of 6.1% during the forecast period. The rising population coupled with growing need to maintain the soil fertility is driving the market growth. However, the lack of supporting infrastructure in emerging economies, and inappropriate enforcement of regulatory laws is hampering the growth of the market.
Soil fertility testing helps to determine fertility or the anticipate growth potential of the soil, which specifies nutrient deficits, potential toxicities from extreme fertility, and inhibitions from the presence of non-essential trace minerals. The practice and use of soil fertility testing have become extensively recognized in agribusiness by farmers and industry.
Based on the product, the chemical testing segment is going to have lucrative growth during the forecast period. Chemical soil tests have arisen as a monitoring tool for evading unnecessary nutrient input to the farm system. These tests help define the concentration of vital plant nutrients such as potassium, available lime, phosphorus, organic matter, sulfur trace elements as well as other physical properties such as permeability, pH, and capacity. Moreover, soil chemical testing helps in guarding the environment from contamination caused by runoff & leakage of excess fertilizers, optimization of crop production, analysis of plant culture problems, and improvement of nutritional balance of the growing media.
By geography, Europe is going to have high growth during the forecast period. The increasing population and availability of arable lands as well as the existence of a large number of soil fertility testing service suppliers are driving the market growth in the region. Additionally, the rising emphasis on obtaining advanced yields from the existing land (which is limited) and growing demand for fertilizers is predicted to boost the growth of the soil fertility testing market in Europe.
Some of the key players profiled in the Soil Fertility Testing Market include SGS, A & L Great Lakes, Actlabs, AgroLab, ALS Ltd, BUREAU VERITAS, Chennai Testing Laboratory Private, Crop Nutrition Laboratory Services Ltd., Duraroot, Eurofins Agri Testing, Kinsey Ag Services, Polytest Laboratories, SoilCares, Vision Mark Biotech and Waters Agricultural Laboratories, Inc.
Estimated Market Size in 2020:
USD 4,439.19 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 7,128.96 million
Tables, Graphs & Figures
Source, Origin, Form, Component, Type, and Application.
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Offsite/ Laboratory
• Biological Testing
• Chemical Testing
• Physical Testing
• Aeration in Soil
• Chemical Fertility of Soil
• Drainage in Soil
• Structure of Soil
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Company profiling with detailed strategies, financials, and recent developments
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Key Questions Answered In The Report
The Global Soil Fertility Testing Market is majorly driven by the incidence of a large number of soil fertility testing service providers, strict government rules about nutrient satisfied of crops, and surging demand to enhance agricultural productivity in developing regions.
The offsite/ laboratory segment is growing at a highest CAGR owing to the high accuracy of results obtained through laboratory analysis, and organic matter levels and microscopy methods, as these two methods are widely used for soil fertility testing.
Europe dominated with a significant market share due to increasing emphasis on obtaining higher yields from the available land, the existence of stringent food safety, environmental, and agricultural regulations, and growing demand for fertilizers.
Asia Pacific market is growing at a highest CAGR owing to the rise in demand for high-quality farm products and ingredients, larger area of arable land available in the region, and rapid advancements in agricultural practices in China and India.
Key players in Soil Fertility Testing Market include SGS, A & L Great Lakes, Actlabs, AgroLab, ALS Ltd, BUREAU VERITAS, Chennai Testing Laboratory Private, Crop Nutrition Laboratory Services Ltd., Duraroot, Eurofins Agri Testing, Kinsey Ag Services, Polytest Laboratories, SoilCares, Vision Mark Biotech, and Waters Agricultural Laboratories, Inc.
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