Soil Fertility Testing Market
The market was estimated to be worth US$ 4,355.51 million in 2020 and is anticipated to reach US$ 5,891.06 million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028. This is according to our most recent market study, “Soil Fertility Testing Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Test Type (Physical, Chemical, and Biological) and Method (Onsite and Offsite/Laboratory). The study identifies significant market growth drivers and prominent companies, as well as their recent industry developments.
Testing soil fertility can assist identify the growth potential of the soil by highlighting nutrient deficiencies, potential toxicity from overfertilization, and hindrances from trace minerals that are not absolutely necessary. In the last few years, soil fertility testing has gained widespread acceptance in the agricultural industry as a means of increasing field yields and profits. The demand for soil fertility testing goods and services is also rising as a result of factors such as the world’s expanding population, the increase in the amount of arable land available, and the proliferation of service providers offering soil fertility testing.
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Chemical soil tests have become a common monitoring technique for preventing overnutrient input into agricultural systems. In addition to other physical characteristics like capacity, permeability, density, and pH, these tests assist in determining the concentration of vital plant nutrients like phosphorus, nitrogen, potassium, accessible lime, organic matter, sulphur, and trace elements. Additionally, soil chemical testing helps with crop production optimization, environmental protection from runoff and excess fertiliser leaching, diagnosis of plant culture issues, and improvement of the nutritional balance of the growing media.
SGS SA, Eurofins Scientific, ALS Limited, Agrolab GmbH, Actlabs, Agrocares, Water Agriculture Laboratories, Inc., Polytest Laboratories, Crop Nutrition Laboratory Services Ltd., and A and L Great Lakes are a few of the major companies active in the soil fertility testing sector. These businesses engage in a variety of steps to increase their market shares, including investments, product launches, market initiatives, and mergers and acquisitions. They have expanded their firm with the aid of techniques including product launches, mergers and acquisitions, market initiatives, and investment scenarios.
Impact of COVID-19 Pandemic on Soil Fertility Testing Market
Due to the slowdown in agricultural activity, instability in supply chains, restrictions on trade movements, and decrease in labour availability, among other factors, the COVID-19 epidemic has disrupted the market for soil fertility testing. Due to the abrupt closure of national and international borders, the outbreak has altered operational efficiencies and disrupted value chains. Though it is anticipated that demand for soil fertility testing will increase significantly in the upcoming months as economies aim to restart their activities. Additionally, as a result of an increase in COVID-19 instances, there is a greater need for nutrient-rich and immunity-boosting food products as well as healthy food crops, fruits, and vegetables, which will help the soil fertility testing market flourish. Additionally, agrarian countries like India, Bangladesh, and Vietnam, where agriculture accounts for 12–16% of GDP, have been hardest devastated by the pandemic. Government relief initiatives and packages for small farmers have been established, although the performance of the sector has been deteriorating. With the outbreak of infection in 2020, the supply of agricultural products from California, which provides roughly one-third of the US’s fruits and vegetables, was constrained, which hindered the expansion of the soil fertility testing industry in the nation.
The report segments the soil fertility testing market as follows:
By Test Type
- Physical
- Chemical
- Biological
By Method
- Onsite
- Offsite/Laboratory
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Hungary
- UK
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Taiwan
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
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