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Agriculture Soil Sampling and Testing Market - A Global and Regional Analysis: Focus on Application, Product, and Region - Analysis and Forecast, 2023-2028

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    Report

  • 144 Pages
  • September 2023
  • Region: Global
  • BIS Research
  • ID: 5878830
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Growing Demand for Sustainable Agriculture

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The global agriculture soil sampling and testing market was valued at $3.76 billion in 2022 and is anticipated to reach $5.79 billion by 2028, witnessing a CAGR of 7.65% during the forecast period 2023-2028. This growth can be attributed to factors such as technological advancements, precision agriculture's reliance on data, environmental consciousness, regulatory pressures, optimized fertilizer use, feeding a growing population, increased investments, and growing awareness about soil testing benefits.

Agriculture soil sampling and testing stand as integral components of modern agriculture, aiding in disease prevention, sustainable practices, and optimal crop production. Governments' support and expert recommendations underscore their significance in maintaining soil health, preserving environmental integrity, and securing agricultural prosperity.

Market Introduction

Soil-borne diseases pose a significant challenge to crop yield, leading to substantial losses due to inadequate soil testing and management methods. Agriculture soil sampling and testing play a crucial role in safeguarding against soil-borne diseases through a multifaceted approach. Agriculture soil sampling and testing is a practice that helps farmers assess the nutrient status and pH level of their soil, as well as detect the presence of soil-borne diseases that can affect crop growth and yield.

Agriculture soil sampling and testing play a vital role in assessing soil suitability for various crops, reducing disease susceptibility, and promoting sustainable agricultural practices. These tools contribute to soil health, crop resilience, and overall prevention of soil-borne diseases.

Impact

Soil testing helps farmers understand the specific nutrient requirements of their crops. By tailoring fertilizer applications based on soil test results, farmers can create optimal growing conditions. This often leads to increased crop yields, improved crop quality, and better overall plant health. Soil testing provides a scientific basis for managing the application of fertilizers and other soil amendments. This ensures that crops receive the right amount and type of nutrients they need to thrive, which can lead to increased yields and improved crop quality.

Soil pH significantly affects nutrient availability to plants. Soil testing reveals the pH level, and if it's too acidic or alkaline, farmers can take corrective measures such as adding lime or sulfur to adjust the pH. Balancing pH enhances nutrient uptake and fosters a healthier soil ecosystem, supporting beneficial microbial activity and root development.

Proper agriculture soil sampling and testing help prevent excessive nutrient runoff and leaching into water bodies. This runoff can lead to harmful algal blooms, water pollution, and ecosystem disruption. By managing nutrient application based on soil test results, farmers contribute to the protection of local water resources and maintain a more sustainable agricultural system.

Market Segmentation

Segmentation 1: by End User

  • Crop Insurance Company
  • Agriculture Cooperatives
  • Government and Research Institutes
  • Agribusiness Company
  • Others

Agribusiness Company to Generate High Demand over the Forecast Period

The agribusiness company segment generated $1,078.4 million in revenue in 2022, and by 2028, the segment is expected to reach $1,740.3 million at a CAGR of 8.46%. The agribusiness company segment makes use of soil sampling and soil testing in agriculture for a variety of reasons, such as:

Soil Sampling: Companies conduct soil sampling by sending trained professionals to collect representative samples, ensuring accuracy and reliability to capture soil heterogeneity in nutrient levels, pH, texture, and other properties.

Soil Testing: Soil testing in laboratories analyzes soil samples for pH, nutrient content, organic matter, cation exchange capacity (CEC), and heavy metals, providing valuable information for farmers' nutrient management and crop selection.

Sustainable Agriculture Practices: Agribusiness company segment may also advise farmers on adopting sustainable agriculture practices. This could include recommending organic soil amendments, cover cropping, reduced tillage techniques, and precision farming methods to minimize environmental impact and promote long-term soil health.

Technology Integration: In the modern era, the agribusiness company segment may leverage technology to streamline agriculture soil sampling and testing processes. They might use geographic information systems (GIS), remote sensing, or digital soil mapping techniques to improve the efficiency and accuracy of soil analysis.

Segmentation 2: by Testing Objective

  • Nutrient Testing
  • Moisture Testing
  • Acidity Test
  • Pesticides and Contamination Test
  • Others (Salinity Test, Carbon Test and Soil Testing for Texture and Structure)

Nutrient Testing to be the Leading Application Segment in the Global Agriculture Soil Sampling and Testing Market

Nutrients are crucial for plant growth, tree growth, and crop growth. Agriculture soil sampling and testing are essential for determining nutrient health. Laboratories collect samples from various fields, analyzing soil conditions and management practices. Soil testing assesses critical elements such as nitrogen, phosphorus, potassium, calcium, magnesium, sulfur, iron, manganese, etc. These insights help farmers and agronomists make informed decisions about nutrient management techniques.

Segmentation 3: by Product

  • Soil Testing (Manual Sampling and Testing Kit, Digital Mapping Platform, Soil Sampling and Testing-as-a-Service, Professional Laboratory Service)
  • Sampling Services (Zone Sampling, Grid Sampling)

Professional Laboratory Services to be the Largest Product Segment during the Forecast Period

In 2022, based on product, agriculture soil sampling and testing generated revenue of $2,118.2 million from professional laboratory services. These services offer accurate soil analysis by skilled scientists, aiding informed decisions on nutrient application and environmental compliance. Their historical data tracking, certification, and digital integration further enhance their credibility, long-term benefits, and accessibility. As a trusted source of valuable insights, professional laboratory services play a pivotal role in optimizing agricultural practices, ensuring sustainable land management, and fostering improved soil health.

There are some companies that provide only laboratory services; they won’t provide any soil sampling services. Hence, the respective farmer, grower, and landowner need to provide soil to this professional laboratory. Testing of the soil is done in the laboratory, and a report is sent to the customer. The results of soil testing can be used by the owner to make informed decisions about plant growth and soil management. For example, if a soil test shows that the nutrient content is low, the gardener can apply fertilizer to improve the soil. If the pH of the soil is too low, the gardener can add lime to raise the pH, and if the soil is contaminated, the gardener can take steps to remediate it.

Segmentation 4: by Region

  • North America - U.S., and Rest-of-North America
  • Europe - U.K., Spain, Ukraine, and Rest-of-Europe
  • South America - Argentina, Brazil, and Rest-of-South America
  • Rest-of-the-World

The North America agriculture soil sampling and testing market was valued at $1,227.2 million in 2022 and is expected to reach $1,812.2 million by 2028 at a CAGR of 6.87%.

One of the primary drivers is the stringent regulations in place in North America. These regulations pertain to food safety, environmental protection, and agricultural practices, including nutritional content, chemical use, and labeling. Compliance with these regulations often requires soil testing, which has led to an increase in demand for these services.

Another factor contributing to the growth of this market is increasing consumer awareness about food safety. As consumers become more knowledgeable about the origins of their food and the practices used in its production, there is a growing demand for soil testing to ensure the safety and quality of agricultural products.

Technological advancements have also played a significant role in driving this market growth. The development of advanced testing methods and technologies, such as remote sensing, DNA testing, and rapid diagnostic techniques, have improved the efficiency and accuracy of agricultural testing.

The growth in organic farming in North America has further increased the need for soil testing. Organic farmers rely heavily on soil health for crop productivity, making soil testing a crucial part of their farming practices.

Environmental protection efforts are another key driver. Soil testing plays a vital role in environmental protection by preventing over-fertilization and nutrient runoff.

The presence of numerous agriculture testing companies in North America also contributes to the market's growth. These providers offer a range of services, from basic soil tests to more comprehensive analyses, catering to the diverse needs of farmers and agribusinesses.

Recent Developments in the Global Agriculture Soil Sampling and Testing Market

  • In June 2023, SGS collaborated with AgriCircle AG to provide soil health measurement solutions for regenerative farming practices. This cooperation would empower farmers and other stakeholders in the agri-food industry with cutting-edge tools and expertise to drive sustainable farming practices.
  • In June 2023, Woods End Laboratories, a subsidiary of Deveron Corp., was selected by the U.S Department of Agriculture (“USDA”) to support Michigan State University’s $1.95 million ‘Soil Carbon IDEA: Inclusion, Diversity, Equity and Access’ program.
  • In April 2023, ALS acquired Hidro.Lab that has been recognized as a renowned and reputable provider of quality environmental testing.
  • In April 2023, Agvise Laboratories introduced the Agvise Soil Health Index. This index provides a comprehensive assessment of soil's health, including its nutrient levels, pH, organic matter content, and more. It can help identify areas where the soil needs improvement and assist in making informed decisions about crop management practices.

Demand - Drivers and Limitations

The following are the demand drivers for the global agriculture soil sampling and testing market:

  • Increased Emphasis on Organic Farming
  • Advancements in Soil Testing Technologies

The market is expected to face some limitations due to the following challenges:

  • Lack of Awareness and Education among Farmers

The following are the opportunities for the global agriculture soil sampling and testing market:

  • Government Investment Support to Promote Soil Testing
  • Growing Demand for Sustainable Agriculture

How Can This Report Add Value to an Organization?

Market Insight: The global agriculture soil sampling and testing market report provides insights into industry trends, growth drivers, and product categories such as manual kits, digital platforms, lab services, and sampling services. It covers diverse testing objectives, i.e., nutrients, moisture, acidity, pesticides, contamination, salinity, and more. The analysis also includes end users such as agribusinesses, cooperatives, research institutes, insurers, and farmers. This data-rich report enables organizations to grasp market dynamics, identify opportunities, and align products effectively.

Product/Innovation Strategy: The report highlights different agriculture soil sampling and testing technologies and their adoption in the market. It provides insights into industry advancements, helping organizations align their product development strategies with market needs. Furthermore, it explores various applications of these technologies, assisting organizations in identifying areas for product diversification and expansion.

Growth/Marketing Strategy: The report empowers organizations to gauge market demand by showcasing various agriculture soil sampling and testing solutions. It offers insights into industry advancements, enabling companies to align their growth strategies with market needs. Additionally, it explores diverse applications of these technologies, helping organizations identify opportunities for expansion in the precision agriculture market.

Competitive Strategy: The report profiles major players in the agriculture soil sampling and testing market. It evaluates the competitive landscape, product offerings, and strategic approaches of these players. Organizations can leverage this information to understand their competitors’ strengths and weaknesses, identify potential areas for collaboration or partnerships, and strategically position themselves in the market to gain a competitive edge.

Competitive Landscape of Global Agriculture Soil Sampling and Testing Market

The global agriculture soil sampling and testing market is highly fragmented, with several large multinationals and many start-ups operating in it. The agriculture soil sampling and testing market is highly fragmented, where five companies held around 10% and others claimed over 90% as of 2022. Notable players include HANNA INSTRUMENTS INC., LaMotte Company, and more. Other major players include Ward Laboratories Inc., Midwest Laboratories, Deveron Corp., Eurofins Scientific, Earth Optics, and Brookside Laboratories.

Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 Ongoing Trends
1.1.1.1 Adoption of Precision Agriculture
1.1.1.2 Increasing Adoption of Mobile Testing Labs
1.1.2 Implementation Cases/Real World Use Cases
1.1.2.1 Neoperk Technologies Pvt. Ltd.
1.1.2.2 EarthOptics
1.2 Startup Landscape
1.2.1 Startup Traction Analysis (by Product)
1.2.2 Funding Analysis
1.2.2.1 Total Investments and Number of Funding Deals
1.2.2.2 Top Funding Deals by the Startups
1.2.2.3 Leading Investment by Startup Companies
1.3 Business Dynamics
1.3.1 Business Drivers
1.3.1.1 Increased Emphasis on Organic Farming
1.3.1.2 Advancements in Soil Testing Technologies
1.3.2 Business Challenges
1.3.2.1 Lack of Awareness and Education among Farmers
1.3.3 Market Strategies and Developments
1.3.3.1 Business Strategies
1.3.3.1.1 Product Developments and Innovations
1.3.3.1.2 Market Developments
1.3.3.2 Corporate Strategies
1.3.3.2.1 Mergers and Acquisitions
1.3.3.2.2 Partnerships, Collaborations, and Joint Ventures
1.3.4 Business Opportunities
1.3.4.1 Government Investment Support to Promote Soil Testing
1.3.4.2 Growing Demand for Sustainable Agriculture
1.4 Ecosystem/Ongoing Programs
1.4.1 Consortiums and Associations
1.4.2 Regulatory Bodies
1.4.3 Government Initiatives and Impacts

2 Application
2.1 Global Agriculture Soil Sampling and Testing Market (by Application)
2.1.1 Global Agriculture Soil Sampling and Testing Market (by Testing Objective)
2.1.1.1 Nutrient Testing
2.1.1.2 Moisture Testing
2.1.1.3 Acidity Test
2.1.1.4 Pesticide and Contamination Test
2.1.1.5 Others
2.2 Demand Analysis of Global Agriculture Soil Sampling and Testing Market (by Testing Objective)
2.3 Global Agriculture Soil Sampling and Soil Testing Market (by End User)
2.3.1 Global Agriculture Soil Sampling and Testing Market (by End User)
2.3.1.1 Crop Insurance Companies
2.3.1.2 Agriculture Cooperatives
2.3.1.3 Government and Research Institutes
2.3.1.4 Agribusiness Companies
2.3.1.5 Others
2.4 Demand Analysis of Global Agriculture Soil Sampling and Testing Market (by End User)

3 Products
3.1 Global Agriculture Soil Sampling and Testing Market (by Product)
3.1.1 Soil Testing
3.1.1.1 Manual Sampling and Testing Kits
3.1.1.2 Digital Mapping Platform
3.1.1.3 Soil Sampling and Testing-as-a-Service
3.1.1.4 Professional Laboratory Services
3.1.2 Sampling Services
3.1.2.1 Zone Sampling
3.1.2.2 Grid Sampling
3.2 Demand Analysis of Global Agriculture Soil Sampling and Testing Market (by Product)
3.3 Pricing Analysis
3.3.1 Soil Testing
3.3.2 Sampling Services
3.3.2.1 Zone Sampling
3.3.2.2 Grid Sampling
3.4 Business Model and Value Chain Analysis
3.4.1 Comparing Business Models of Various Types of Players in the Market
3.5 Patent Analysis
3.5.1 Patent Analysis (by Application)
3.5.2 Patent Analysis (by Organization)
3.5.3 Patent Analysis (by Patent Office)

4 Region and Country Analysis
4.1 U.S.
4.2 Rest-of-North America
4.3 Brazil
4.4 Argentina
4.5 Rest-of-South America
4.6 U.K.
4.7 Spain
4.8 Ukraine
4.9 Rest-of-Europe

5 Markets - Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.1.1 Competitive Benchmarking Matrix for Key Soil Sampling and Testing Product Manufacturers
5.1.2 Competitive Benchmarking Matrix for Key Soil Sampling and Testing Software and Service Providers
5.2 Market Share Analysis
5.2.1 Market Share Analysis (by Product-Based Company), 2022
5.2.2 Market Share Analysis (by Service-Based Company), 2022
5.3 Company Profiles
5.3.1 Agvise Laboratories
5.3.1.1 Company Overview
5.3.1.2 Role of Agvise Laboratories in the Global Agriculture Soil Sampling and Testing Market
5.3.1.3 Product Portfolio
5.3.1.4 Customer Profile
5.3.1.4.1 Target Customer Segments
5.3.1.4.2 Key Clients
5.3.1.5 Analyst View
5.3.1.6 Regions of Growth:
5.3.2 Ward Laboratories, Inc.
5.3.2.1 Company Overview
5.3.2.2 Role of Ward Laboratories, Inc. in the Global Agriculture Soil Sampling and Testing Market
5.3.2.3 Product Portfolio
5.3.2.4 Customer Profile
5.3.2.4.1 Target Customer Segments
5.3.2.4.2 Key Clients
5.3.2.5 Analyst View
5.3.2.6 Regions of Growth:
5.3.3 Midwest Laboratories
5.3.3.1 Company Overview
5.3.3.2 Role of Midwest Laboratories in the Global Agriculture Soil Sampling and Testing Market
5.3.3.3 Product Portfolio
5.3.3.4 Customer Profile
5.3.3.4.1 Target Customers
5.3.3.4.2 Key Clients
5.3.3.5 Analyst View
5.3.3.6 Regions of Growth:
5.3.4 LaMotte Company
5.3.4.1 Company Overview
5.3.4.2 Role of LaMotte Company in the Global Agriculture Soil Testing Market
5.3.4.3 Product Portfolio
5.3.4.4 Customer Profile
5.3.4.4.1 Target Customer Segments
5.3.4.5 Analyst View
5.3.4.6 Regions of Growth:
5.3.5 Luster Leaf
5.3.5.1 Company Overview
5.3.5.2 Role Luster Leaf in the Global Agriculture Soil Sampling and Testing Market
5.3.5.3 Product Portfolio
5.3.5.4 Customer Profile
5.3.5.4.1 Target Customer Segments
5.3.5.5 Analyst View
5.3.5.6 Regions of Growth:
5.3.6 Harvesto
5.3.6.1 Company Overview
5.3.6.2 Role of Harvesto in the Global Agriculture Soil Testing Market
5.3.6.3 Product Portfolio
5.3.6.4 Customer Profile
5.3.6.4.1 Target Customer Segments
5.3.6.4.2 Key Clients
5.3.6.5 Analyst View
5.3.6.6 Regions of Growth:
5.3.7 HANNA INSTRUMENTS INC.
5.3.7.1 Company Overview
5.3.7.2 Role of HANNA INSTRUMENTS INC. in the Global Agriculture Soil Sampling and Testing Market
5.3.7.3 Product Portfolio
5.3.7.4 Customer Profile
5.3.7.4.1 Target Customers
5.3.7.5 Analyst View
5.3.7.6 Regions of Growth:
5.3.8 Orlab Instruments Pvt. Ltd.
5.3.8.1 Company Overview
5.3.8.2 Role of Orlab Instruments Pvt. Ltd. in the Global Agriculture Soil Sampling and Testing Market
5.3.8.3 Product Portfolio
5.3.8.4 Customer Profile
5.3.8.4.1 Target Customer Segments
5.3.8.5 Analyst View
5.3.8.6 Regions of Growth:
5.3.9 Deveron Corp.
5.3.9.1 Company Overview
5.3.9.2 Role of Deveron Corp. in the Global Agriculture Soil Sampling and Testing Market
5.3.9.3 Product Portfolio
5.3.9.4 Customer Profile
5.3.9.4.1 Target Customer Segments
5.3.9.5 Analyst View
5.3.9.6 Regions of Growth:
5.3.10 Eurofins Scientific
5.3.10.1 Company Overview
5.3.10.2 Role of Eurofins Scientific in the Global Agriculture Soil Sampling and Testing Market
5.3.10.3 Product Portfolio
5.3.10.4 Customer Profile
5.3.10.4.1 Target Customer Segments
5.3.10.4.2 Key Clients
5.3.10.5 Analyst View
5.3.10.6 Regions of Growth:
5.3.11 EarthOptics
5.3.11.1 Company Overview
5.3.11.2 Role of EarthOptics in the Global Agriculture Soil Sampling and Testing Market
5.3.11.3 Product Portfolio
5.3.11.4 Customer Profile
5.3.11.4.1 Target Customers
5.3.11.5 Analyst View
5.3.11.6 Regions of Growth:
5.3.12 Brookside Laboratories
5.3.12.1 Company Overview
5.3.12.2 Role of Brookside Laboratories in the Global Agriculture Soil Testing Market
5.3.12.3 Product Portfolio
5.3.12.4 Customer Profile
5.3.12.4.1 Target Customers
5.3.12.4.2 Key Clients
5.3.12.5 Analyst View
5.3.12.6 Regions of Growth

6 Research Methodology
6.1 Primary Data Sources
6.2 Secondary Data Sources
6.3 Market Estimation and Forecast

List of Figures
Figure 1: Scope Definition
Figure 2: Global Agriculture Soil Sampling and Testing Market Coverage
Figure 3: Factors Driving the Need for Agriculture Soil Sampling and Testing
Figure 4: Soil Sampling and Testing Regularity
Figure 5: Global Agriculture Soil Sampling and Testing Market, $Billion, 2022-2028
Figure 6: Global Agriculture Soil Sampling and Testing Market, $Billion, 2022-2028 (by Testing Objective)
Figure 7: Global Agriculture Soil Sampling and Testing Market, $Billion, 2022,2028 (by End User)
Figure 8: Global Agriculture Soil Sampling and Testing Market, $Billion, 2022-2028 (by Product)
Figure 9: Global Agriculture Soil Sampling and Testing Market (by Region, 2022)
Figure 10: Institutional Fundings in Australia, 2021 ($Million)
Figure 11: Startups and Funding Rounds
Figure 12: Total Investment and Number of Funding Deals, January 2018-July 2023
Figure 13: Top Investments in the Global Agriculture Soil Sampling and Testing Market, January 2018-July 2023
Figure 14: Top 10 Organic Farming Countries
Figure 15: Share of Key Market Strategies and Developments, January 2019-July 2023
Figure 16: Share of Product Developments and Innovations (by Company), January 2019-July 2023
Figure 17: Share of Mergers and Acquisitions (by Company), January 2019-July 2023
Figure 18: Share of Partnerships, Collaborations, and Joint Ventures (by Company), January 2019-July 2023
Figure 19: Government Funding to Promote Soil Testing, 2014-2020, ($Million)
Figure 20: Global Agriculture Soil Sampling and Testing Market, Patents Filed/Granted, January 2018-December 2022
Figure 21: Patent Analysis (by Application), January 2018-December 2022
Figure 22: Patent Analysis (by Organization), January 2018-December 2022
Figure 23: Patent Analysis (by Patent Office), January 2018-December 2022
Figure 24: Competitive Benchmarking Matrix for Key Soil Sampling and Testing Product Manufacturers
Figure 25: Competitive Benchmarking Matrix for Key Soil Sampling and Testing Software and Service Providers
Figure 26: Companies with More than $10 Million Revenue
Figure 27: Companies with $5 - $10 Million in Revenue
Figure 28: Market Share Analysis (by Service-Based Company), 2022
Figure 29: Global Agriculture Soil Sampling and Testing Market: Research Methodology
Figure 30: Data Triangulation
Figure 31: Top-Down and Bottom-Up Approach
Figure 32: Assumptions and Limitations

List of Tables
Table 1: Key Startups in Global Agriculture Soil Sampling and Testing Market
Table 2: Top Funding Deals by the Startups in the Global Agriculture Soil Sampling and Testing Market, 2022-2023
Table 3: Soil Indicators, Determining Objective, Indicator Type, and Assessment Methods
Table 4: Key Consortium/Association in Soil Sampling and Testing Industry
Table 5: Regulatory Bodies
Table 6: Government Initiatives and Impacts
Table 12: Global Agriculture Soil Sampling and Testing Market (by Testing Objective), $Billion, 2022-2028
Table 13: Global Agriculture Soil Sampling and Testing Market (by End User), $Billion, 2022-2028
Table 14: Sample Collection Guidelines for Different Crop Types
Table 15: Global Agriculture Soil Sampling and Testing Market (by Product), $Billion, 2022-2028
Table 16: Global Agriculture Soil Sampling and Testing Market (by Sampling Service), $Million, 2022-2028
Table 17: Pricing Analysis for Different Types of Soil Testing
Table 18: Product Price Details for Key Companies
Table 19: Price Details of Different Types of Manual Sampling and Testing Kits/Equipment
Table 20: Pricing Analysis for Zone Sampling
Table 21: Pricing Analysis for Grid Sampling
Table 22: Business Model Comparison
Table 23: Agvise Laboratories: Pricing and Product Portfolio
Table 24: Ward Laboratories, Inc.: Pricing and Product Portfolio
Table 25: Midwest Laboratories: Pricing and Product Portfolio
Table 26: LaMotte Company: Product Portfolio
Table 27: Luster Leaf: Product Portfolio
Table 28: Harvesto: Pricing and Product Portfolio
Table 29: HANNA INSTRUMENTS INC.: Pricing and Product Portfolio
Table 30: Orlab Instruments Pvt. Ltd.: Product Portfolio
Table 31: Deveron Corp.: Product Portfolio
Table 32: Eurofins Scientific.: Product Portfolio
Table 33: EarthOptics: Product Portfolio
Table 34: Brookside Laboratories: Pricing and Product Portfolio

Executive Summary

The global agriculture soil sampling and testing market is estimated to reach $5.79 billion in 2028, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 7.65% during the forecast period 2023-2028.

USP of the Report

The report on the global agriculture soil sampling and testing market provides a comprehensive analysis of the market, including industry trends, case studies, profiles of key start-ups, funding analysis, product and application segmentation, patent insights, and country-specific market statistics with forecasts until 2028. This in-depth coverage allows stakeholders to gain a thorough understanding of the market landscape and make informed decisions. The report also offers valuable insights into the role of government regulations, opportunities for new entrants, and the impact of consumer preferences and environmental protection on the market. It’s a valuable resource for stakeholders in the agriculture sector, including farmers, agribusiness company segments, researchers, policymakers, and investors.

Analyst Perspective

According to Debraj Chakravarty, Principal Analyst of the report, “The global agriculture soil sampling and testing market is all set for substantial growth due to the increasing focus on sustainable farming practices, driven by environmental concerns and the need for optimized resource utilization. The adoption of precision agriculture technologies, coupled with regulatory pressures to reduce nutrient runoff, is expected to boost demand for accurate soil testing services. Technological advancements, such as digital mapping platforms and data-driven decision-making, are further propelling market expansion. As farmers recognize the pivotal role of soil health in crop productivity and environmental sustainability, the market is set to flourish, driven by a growing awareness of the benefits of soil sampling and testing across diverse agricultural landscapes.”

Key Companies Operating in The Market

The report profiles major players in the agriculture soil sampling and testing market. It evaluates the competitive landscape, product offerings, and strategic approaches of these players. Organizations can leverage this information to understand their competitors’ strengths and weaknesses, identify potential areas for collaboration or partnerships, and strategically position themselves in the market to gain a competitive edge.

The key players profiled in the report include Agvise Laboratories, Ward Laboratories, Inc., Midwest Laboratories, LaMotte Company, Luster Leaf, Harvesto, HANNA INSTRUMENTS INC., Orlab Instruments Pvt. Ltd., Deveron Corp., Eurofins Scientific, EarthOptics, and Brookside Laboratories.

Key Questions Answered in the Report

  • What is the estimated global agriculture soil sampling and testing market size in terms of revenue during the forecast period 2023-2028, and what is the expected compound annual growth rate (CAGR) during the forecast period 2023-2028?
  • What are the key trends, market drivers, and opportunities in the market pertaining to the global agriculture soil sampling and testing market?
  • What are the major restraints inhibiting the growth of the global agriculture soil sampling and testing market?
  • What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
  • What is the competitive strength of the key players in the global agriculture soil sampling and testing market on the basis of analysis of their recent developments, product offerings, and regional presence?
  • How is the competitive benchmarking of the key global agriculture soil sampling and testing market players in the agriculture sector based on the analysis of their market coverage and market potential?
  • How much revenue is each of the following segments expected to record during the forecast period, and what is the growth percentage?
  • Which type of players and stakeholders are operating in the ecosystem of the global agriculture soil sampling and testing market, and what is their significance in the global market?
  • Which are the leading consortiums and associations in the global agriculture soil sampling and testing market, and what are their roles in the market?

Companies Mentioned

  • Agvise Laboratories
  • Ward Laboratories, Inc.
  • Midwest Laboratories
  • LaMotte Company
  • Luster Leaf
  • Harvesto
  • HANNA INSTRUMENTS INC.
  • Orlab Instruments Pvt. Ltd.
  • Deveron Corp.
  • Eurofins Scientific
  • EarthOptics
  • Brookside Laboratories

Table Information