Demand for Farm Produce free of Contamination and Abreast with Hygiene to drive the Agricultural Testing Market, reaching US$ 8 Bn by the year 2032. North America is expected to hold the highest share in the Global Agriculture Testing Services Market
NEWARK, Del., Nov. 9, 2022 /PRNewswire/ — The global agricultural testing services market stands at US$ 5 Bn in the present scenario and is expected to reach US$ 8 Bn by the year 2032 at a CAGR of 6-7% between 2022 and 2032.
Agricultural testing services, apart from determination of contamination level of soil, help in gauging composition and various other characteristics like pH level or acidity. Soil test could help in defining level of fertility and requirement of trace elements of soil of given type.
With countries like the US, Australia, Canadaand the EU coming up with mechanisms strongly emphasizing on monitoring policies with stern enforcement for attaining higher transparency in supply chain and ascertaining traceability, the agricultural testing services market is bound to grow unabated in the years to come.
At the same time, the fact that many regions are lacking in co-ordination between stakeholders and supporting infrastructure could restrain the agricultural testing services market. Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Agricultural Testing Services Market ‘. IT has its analysts and consultants to execute.
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Key Takeaways from Agricultural Testing Services Market
- North America holds the largest market share with agencies like the US FDA and USDA focusing on making study as well as assessment of the crops mandatory, especially the ones yielded using genetic engineering process at the commercial level. Of late, the FDA has proposed revising Subpart E of FSMA (FDA Food Safety Modernization Act) Produce Safety Rule for changing pre-harvest farming water requirements for the covered yield (apart from sprouts). As per the proposed requirements, the covered farms are needed to undertake pre-harvest farming water assessments once in a year, and on occurrence of change, the anticipated hazard would be informed of. ISTA (International Seed Testing Association) comes across as one of the international organizations aiming to develop, and later on, publish the standard procedures in seed testing.
- Coming to the Asia-Pacific, India rules the roost due to it being an agrarian economy. Also, companies like Intertek India launched a novel AgriTech laboratory in Hyderabad (India) to assess agri-biotech, plant seeds, and likewise.