Growing Concerns Drive Soil Testing, Inspection, and Certification Market

  • A soil test refers to a series of tests that can be done in order to determine the fertility or pH value of a soil.
  • Chemical analysis testing can also be performed to determine the specific trace elements present in a soil.
  • Western Europe will remain the largest regional market.

Future Market Insights’ new report captures the pulse of the global soil testing, inspection, and certification market and presents an extensive forecast of the global market over a 10 year period from 2017 – 2027. The report ‘Soil Testing, Inspection, and Certification Market: Global Industry Analysis 2012- 2016 and Opportunity Assessment 2017-2027’ is an unbiased and detailed take on the global soil testing, inspection, and certification market and focusses on the various market segments that are tracked across key geographies around the world.

According to Future Market Insights projections, the global soil testing, inspection, and certification market is estimated to be valued at $3.3 billion in 2017. This is anticipated to increase to $5.3 billion by the end of 2027, witnessing a CAGR of 5.0% during the forecast period.

Some of the main factors boosting the growth of the global soil testing, inspection, and certification market are:

  • A growing threat to the food chain due to soil, air, and water contamination
  • Growing consumer preference for organic food
  • Increasing degradation of the soil
  • Rising focus on environment preservation and security

There are other factors fueling growth of the global market such as stringent regulations pertaining to soil testing, inspection, and certification; rapid globalization; growing number of mergers and acquisitions in the soil testing, inspection, and certification industry; outsourcing of the testing, inspection, and certification function to third party experts; and an increasing number of soil testing laboratories particularly in India.

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The global soil testing, inspection, and certification market is segmented on the basis of Test Type into Contamination (Toxins, Chemicals, Pathogens, Others); Quality (Physical Properties, Metal, Organic Matter, Nutrients/Elements/Minerals, Inorganics, Others); and pH Test.

  • The Quality segment is anticipated to dominate the global market with a value share in excess of 45% throughout the forecast period. This segment will witness an accelerated growth during the forecast period
  • The pH test segment will witness sustained growth during the period of assessment and record a CAGR of 4.5%

The global soil testing, inspection, and certification market is segmented on the basis of End Use into Residential and Commercial (Agriculture, Landscape Contractors, Golf Courses, Gardens and Lawns, Others).

  • The Agriculture segment will remain the largest end use segment, projected to reach a market valuation of $1.9 billion by the end of 2027. This segment will register a CAGR of 5.3% in terms of value
  • The Residential segment will register a CAGR of 5.2% during the forecast period and hold about 24% market share by the end of 2027. This is a potential growth segment in the global soil testing, inspection, and certification market

The global soil testing, inspection, and certification market is segmented on the basis of Service into Testing (Routine Soil Testing, Greenhouse Saturation, Other Special Test); Inspection; and Certification.

  • The Testing segment is anticipated to grow at a CAGR of 4.9% over the forecast period. Testing is the largest segment by service, estimated to hold more than 50% market share by the end of the forecast period
  • Certification is the second largest segment in terms of market share, anticipated to account for almost 35% value share by the end of 2027. This segment will grow at a CAGR of 5.2%

The report features some of the leading companies operating in the global soil testing, inspection, and certification market such as SGS SA, Intertek Group, Bureau Veritas, Yara International ASA, ALS Ltd, Assure Quality, Exova Group, SCS Global, RJ Hills Laboratories, APAL Agriculture, TUV Nord AG, Eurofins Scientific, GE Healthcare and Life sciences, Danaher, Agrolab Group, SAI Global Limited, Cawood Scientific, HRL Holdings Ltd, EnviroLab, and SESL Australia.

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Future Market Insights tracks the performance of the global soil testing, inspection, and certification market across the key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and the Middle East & Africa.

  • Western Europe will remain the largest regional market in terms of revenue followed by Asia Pacific Excluding Japan. While Western Europe is projected to reach a market valuation of about $1.9 billion by 2027 end, APEJ will be valued at almost $1.5 billion by the end of the forecast period. Western Europe will register the highest regional CAGR of 5.4%. The Western Europe regional market will witness an increase of 142 basis points in its market share during the forecast period.

Ashish Kolte

I am experienced Digital Marketing Professional, after completed my M.B.A; I joined this field.  I have 4 years of experience in B2B Market & currently working with Future Market Insights. I would like to explore the latest things happening in Digital Marketing.


https://www.persistencemarketresearch.com/

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