Global Cannabis Testing Market overivew
Based on market research, the worldwide Cannabis Testing Market is projected to experience substantial growth in the forecasted period. The report encompasses insights into the factors driving growth, significant obstacles, upcoming challenges, and existing opportunities within the global Cannabis Testing market. Additionally, the report provides detailed analyses of dynamics and Cannabis Testing market size on a regional and segmental basis.
Cannabis Testing market size reached USD 1.78 billion in 2023 and is expected to reach USD 4.11 billion by 2030, growing at a CAGR of 12.7 % during the forecast period.
Cannabis Testing Market Report Scope and Research Methodology
The analyst has primarily focused on crucial market trends and their potential impact on new business investments and advancements within the Cannabis Testing industry. These trends encompass emerging technologies, evolving regulations, government investments, novel applications, international market entries, and other industry dynamics that shape the market landscape. This study offers an in-depth trend analysis, aiding clients in making strategic decisions to enhance their presence within the Cannabis Testing market.
Maximize Market Research furnishes exclusive essential statistics, facts, insights, trends, and competitive landscape details specific to this domain. The report evaluates the present state of the Cannabis Testing market and projects its trajectory up to 2030. It also includes profiles of key companies, covering aspects like capacity, production, pricing, costs, revenue, and contact information for prominent global Cannabis Testing manufacturers. The approach employed to estimate both global and regional Cannabis Testing market sizes is a bottom-up methodology.
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Cannabis Testing Market Regional Insights
The report includes a detailed analysis of market dynamics, market size and market share in all the regions and their countries mentioned below:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Cannabis Testing Market Segmentation
by Service Type
Potency Testing
Terpene Profiling
Heavy Metal Testing
Pesticide Screening
Microscopy Testing
Residual Solvent Screening
With a revenue share of 23.7% in 2023, potency testing services topped the market in terms of service type. The primary drivers of the market are the growing need to analyze the potency of different cannabinoids, specifically Tetra hydro cannabinol (THC) and CBD (cannabidiol) in cannabis grown, and the growing use of potency testing techniques such as High-Performance Liquid Chromatography (HPLC) and Gas Chromatography (GC) for testing samples.
by End-user
Cannabis Drug Manufacturers
Cannabis Cultivators/Growers
Others (Research Institutes & Labs)
With 64.2% of all sales coming from end users, cannabis producers and cultivators controlled the lion’s share of market revenue in 2023. Due of government rules in many countries governing the maximum THC content of cannabis products, growers are entering into agreements with testing labs and research organizations. Furthermore, based on the CBD and THC concentrations of their plants, these growers must provide manufacturers and distributors with a range of plant kinds at different prices. These are the primary factors driving the growth of the segment.
by Technology
Chromatography
Liquid Chromatography
Gas Chromatography
Other
Spectroscopy
Mass Spectrometry
Atomic Spectrometry
Others
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Cannabis Testing Market Key Players include:
1. Saskatchewan Research Council (SRC)
2. SC Labs
3. Steep Hill, Inc.
4. SGS Canada Inc.
5. CW ANALYTICAL
6. PharmLabs
7. GreenLeaf Lab
8. Agilent Technologies Inc.
9. Shimadzu Scientific Instruments
10. Merck KGaA
11. Restek Corporation
12. PerkinElmer Inc.,
13. Danaher Corporation
14. Accelerated Technology Laboratories Inc.
15. Steep Hill Halent Laboratories Inc.
16. Digipath Inc.
17. Pharmlabs LLC.
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Key Questions answered in the Cannabis Testing Market Report are:
What is Cannabis Testing Market?
What was the global Cannabis Testing market size in 2023?
What is the expected CAGR of the Cannabis Testing market during the forecast period?
What is the expected Cannabis Testing market size by 2030?
What factors are affecting the Cannabis Testing market growth?
Which region held the largest share of the global Cannabis Testing market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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