- Agriculture is expected to dominate the global soil testing market.
- Lack of awareness in developing countries may restrain market growth.
- The APEJ region is anticipated to be dominate in the regional markets.
Agricultural crop production directly depends upon the quality of soil and nature of soil used to grow crop. At that time each and every farmer wants to increase the productivity of their fields, therefore, they are highly inclined towards soil testing. When a farmer is used one field many time, then the fertility of soil may be affected that result of harm the yield per acre and also negatively impacting the agrarian economy. Over the last few decades, rapidly growing population is required high demand of food. Therefore, soil testing is being very important for each farmers and agricultural government in order to cater the demand of consumer.
In the global soil testing market, agriculture segment is projected to be dominated and valued at $ 1.1 billion by the end of 2017 and exhibiting at 5.3% CAGR during the forecast period.
Soil Testing Market can be segmented on the basis of Test Type:
Soil Testing Market can be segmented on the basis of End Use:
Gardens and Lawns
Gardens and Lawns
Soil Testing Market can be segmented on the basis of Service:
Routine Soil Testing
Other Special Test
Soil Testing Market can be segmented on the basis of Region:
Asia Pacific Excluding Japan
Middle East & Africa
An increasing number of golf courses across the globe that will require high maintenance of the field make it compulsory for regular soil inspection and tests. Moreover, increasing consumer awareness pertaining to soil inspection, testing and certificate are also projected to upsurge the demand for soil inspection throughout the forecast period.
On the flip side, rural area farmers of undeveloped countries unawareness related to this type of soil testing and inspection that may affect the growth of the market in the region during the forecast period.
Asia Pacific excluding Japan is anticipated to be dominate in the region owing to largest land area of field. North America is anticipated to growing with significant CAGR due to account for almost 45% of the world’s golf courses, over the forecast period. Europe is also projected to grow with noteworthy growth rate in the global market owing to increasing awareness pertaining to soil inspection and upsurge crop production productivity, over the slated time period. In Latin America region, Brazil is estimated to grow at higher growth rate and also projected to be higher market attractiveness due to growing agriculture industry in the country, by the end of 2028. Middle East And Africa region is projected to grow with sluggish growth rate owing to unfavorable agricultural condition, by the end of 2028.
The key players for the Global Soil Testing Market are following:
Yara International ASA
SAI Global Limited
HRL Holdings Ltd
RJ Hills Laboratories
TUV Nord AG
GE Healthcare and Life sciences
RRI surveys a number of companies in order to estimate the data covered in the report through triangulation methodology. A detailed market understanding and assessment of the drive and application segments covered in the study. The research methodology also includes interviews conducted for various industry leaders by the research experts. This helps the researchers to match their previous findings with the ones confirmed from various resource persons. The report focuses on analyzing the supply-side approaches and keeps a track of that of the demand-side so as to make sure the findings are true. The global market scenario has been derived by consolidation of regional market overviews.