Soil Fertility Testing Market 2022
New Study Reports “ Soil Fertility Testing Market 2022 Global Market Opportunities, Challenges, Strategies and Forecasts 2029” has been Added on PMR.
Soil fertility testing is an important part of modern agriculture, and the market for such testing is growing rapidly. Soil fertility testing helps farmers to identify and correct any deficiencies in their soil, which can lead to increased yields and improved crop quality.
The market for soil fertility testing is expected to grow at a rate of about 7% per year over the next seven years, reaching a total value of $1.8 billion by 2022. The primary drivers of this growth are the increasing demand for food due to population growth and rising incomes, as well as the increasing awareness among farmers of the benefits of soil fertility testing.
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One of the key factors boosting the growth of the soil fertility testing market is strict regulations that have been set by the governments of various countries across the globe regarding the nutrient level in crops. Moreover, agricultural testing is becoming a priority for increasing yield, as a result of limited resources, and soil fertility testing is one of the important testing methods that needs to be used.
- SGS SA
- Eurofins Agri Testing
- ALS Ltd
- BUREAU VERITAS
- A & L Great Lakes
- Waters Agricultural Laboratories, Inc.
- Polytest Laboratories
- Crop Nutrition Laboratory Services Ltd.
- Duraroot and more
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Key Takeaways of Soil Fertility Testing Market Study
- Managing nutrient levels in the soil has become an important task, owing to increasing crop requirements and adverse environmental impact of excess fertilizer application in the soil. Strict measures have been taken for regulating the nutrient levels in the soil and crops. Various accredited testing laboratories have been established in order to regulate soil fertility.
- Onsite soil testing is gaining traction, attributable to its various benefits such as lesser time required for sample preparation and analysis and reduced transport. However, highly accurate analysis is still majorly conducted through offsite testing, such as in laboratories, where various measuring tools are available.
- Soil sensors that are compatible with on-the-go acquisitions can be embedded in agricultural equipment, thus allowing the collection of data during field operations. As sensors are collecting data at the time of operations, and these sensors can be connected with smartphones, the time in sample preparation can be reduced considerably.
- Currently, the use of soil fertility testing services in East Asia is relatively high, attributable to the rapidly growing population, large arable land, increased fertilizer consumption, and increasing export of crops by various countries such as China.
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Offsite Segment to Dominate Soil Fertility Testing Market
Offsite fertility testing is estimated to dominate the global soil fertility testing market over the forecast period, owing to the high accuracy of results obtained through laboratory analysis. The offsite soil fertility testing segment is primarily driven by organic matter levels and microscopy methods, as these two methods are widely used for soil fertility testing.
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