Soil Analysis Technology Market

1

• Soil Analysis Technology Market Is Estimated To
  Surpass A Valuation Of US 1.26 Billion By 2032
• The global soil analysis technology market is set
  to be worth US 684 Mn in 2022, and estimated to
  surpass a valuation of US 1.26 Bn by the end of
  2032, expanding at a CAGR of 6.3 from 2022 to
  2032.As per the latest industry analysis by
  Fact.MR, revenue from soil analysis technology
  accounted for around 5.7 share in the global
  environmental testing market in 2021.
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• Increased pollution and natural soil erosion have
  increased the revenue of the agricultural testing
  business globally. Soil analysis technology is
  vital in improving land quality since it inspects
  the soil to see if the conditions are suitable
  for agricultural activity. Where the soil is
  acidic, materials such as lime are utilized to
  neutralize the pH.
• Soil analysis and testing services are only
  available in a few areas. The dependability of
  off-site soil testing laboratories will rise in
  the future as technology advances.
• Competitive Landscape
• According to Fact.MR, the soil analysis
  technology market is highly concentrated, with
  tier-1 players accounting for approximately 38
  of the market in 2021. Tier-1 players are
  concerned with operational efficiency,
  dependability, and technological developments in
  soil testing whereas, tier-2 players compete on
  pricing.
• Key Developments
• In 2021, AgroLab Inc. was acquired by Matrix
  Sciences Inc. This acquisition was to provide an
  expansion of services such as soil testing,
  pesticide testing, and more.
• In 2021, Waters Agricultural Laboratories, Inc.
  acquired a license for the Be-Crop, Biome
• Makers soil biology test.

2

• Key Players
• ALS Ltd
• Bureau Veritas
• Eurofins Scientific
• SGS SA
• Thermo Fisher Scientific Inc.
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• Regional Analysis
• In Japan, soil testing is divided into three
  levels. Agricultural companies have approved
  facilities such as simple soil testing, which
  provide its members with information on the
  primary chemical features of the soil, including
  soil fertility and nutrient tests. Agricultural
  extension offices conduct detailed soil testing.
  The majority of soil testing services in the
  country are covered by government initiatives,
  which has resulted in the low cost of these
  services in the country. By 2032, Japan is
  expected to have a 12.6 market share.
• Soil testing in Japan is classified into three
  stages. Agricultural companies have certified
  facilities, such as basic soil testing, that
  provide information on the primary chemical
  properties of the soil, including soil fertility
  and nutrient tests, to its members. Soil testing
  is done in detail by agricultural extension
  agencies. The majority of soil testing services
  in the country are covered by government
  efforts, resulting in inexpensive prices for
  these services. Japan is anticipated to have a
  12.6 market share by 2032.
• Key Segments of Industry

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• Applications and Platforms
• By Application
• Safety Testing
• Heavy Metal Testing
• Toxin Testing
• Pathogen Testing
• Pesticides Testing
• Soil Fertility Testing
• Nutrient Testing
• Quality Assurance
• By End User
• Retail Users / Farmers
• Agriculture Institutes and Research Centers
• Universities and Colleges
• Corporates and Companies
• Government Departments
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