As per a new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global soil fertility testing market is estimated at a value of US$ 1.32 billion in 2024 and is forecasted to reach US$ 2.47 billion by 2034-end.
Soil fertility testing plays a crucial role in modern agriculture by providing essential insights into soil health, nutrient levels, and overall fertility. As global concerns about sustainable farming practices and environmental impact are rising, the demand for precise and data-driven soil testing solutions is predicted to increase at a significant pace during the next 10 years.
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Convergence of the Internet of Things (IoT) and precision agriculture is a prominent trend. Real-time monitoring and data analytics are enabling farmers to make informed decisions regarding nutrient application, leading to optimized yields and resource efficiency. There is also a growing trend toward sustainable agricultural practices. Soil fertility testing plays a critical role in sustainable farming by aiding in the reduction of environmental impact, minimizing nutrient runoff, and promoting efficient resource use.
Ongoing technological advancements, including sensor technologies and machine learning algorithms, are further enhancing the accuracy and efficiency of soil fertility testing solutions. These innovations are contributing to the evolution of precision agriculture and smart farming practices.
Key Takeaways from Market Study
- Global demand for soil fertility testing solutions is predicted to rise at a CAGR of 6.3% through 2034.
- The United States market is projected to reach a valuation of US$ 434.7 million by the end of 2034.
- Sales of soil fertility testing technologies in Japan are projected to advance at a CAGR of 7% from 2024 to 2034.
- Demand for off-site soil fertility testing is forecasted to reach a market value of US$ 1.92 billion by 2034.
“Supportive government policies and subsidies promoting sustainable farming practices and soil health management are boosting the adoption of soil fertility testing solutions globally,” says a Fact.MR analyst.
Key Market Players
- Eurofins Agro
- ALS Ltd
- BUREAU VERITAS
- AgroLab
- Actlabs
- A&L Great Lakes Laboratories, Inc.
- Kinsey Ag Services
- SGS Société Générale de Surveillance SA
- A&L Canada Laboratories Inc.
- Waters Agricultural Laboratories, Inc.
- Polytest Laboratories
- Crop Nutrition Laboratory Services Ltd.
- Duraroot
- AgroCares Technology
Key market players are strategically expanding their geographic presence to tap into emerging markets and address the increasing demand for soil fertility testing services globally. Strategic collaborations and partnerships are also broadening their market reach.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global soil fertility testing market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights on the market based on method (on-site, off-site), type (chemical, physical, biological), and application (structure of soil, aeration of soil, drainage in soil, chemical fertility of soil), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
These insights are based on a report on Soil Fertility Testing Market by Fact.MR.
Note: We would be also interested in sharing an exclusive guest article based on our research findings.
