According to a recent research report published by PMR, the global soil fertility testing market is expected to witness a CAGR of more than 6% through the year 2029. 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.
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.
“In order to regulate the nutrient levels in the soil, it is necessary to record live readings, especially for crops that are to be exported to another country. Given the criticality of highly accurate results in such settings, service providers are striving to further develop sensors that are capable of accurate and quicker results,” says a PMR analyst.
Soil Fertility Testing Market: Competitive Landscape
The global soil fertility testing market is highly fragmented, and a large number of local and global players are offering soil fertility testing services for diverse applications. Key service providers of soil fertility testing are Eurofins Agro Testing, SGS SA, BUREAU VERITAS, Crop Nutrition Laboratory Services Ltd., and ALS Ltd., and these account for 13% of the overall market share. In the current scenario, East Asia and South Asia are anticipated to account for a majority of the global market share, owing to increased export of crops, larger agricultural land, and rapidly increasing population in the region.
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.
More about Soil Fertility Testing Market
The research report offers insights into the global soil fertility testing market on the basis of value (US$ Mn), segmented into type, application, method, and region. The report also includes a competition analysis section, comprising market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the soil fertility testing market. Moreover, the market is analyzed on the basis of factors such as fertilizer consumption, arable land, crop export, population, and regulations of nutrient levels in crops in different countries.
For additional insights on how the soil fertility testing market will shape up over the next decade, write to firstname.lastname@example.org
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