Cannabis Testing Market Scope:
For manufacturers, suppliers, distributors, and investors, Maximize Market Research’s study on the worldwide Cannabis Testing market offers comprehensive market information. The data and facts presented in this study are useful to all market participants in the worldwide Cannabis Testing market, including business researchers, journalists, and professionals in the field.
The report by Maximize Market Research illustrates how to conduct in-depth analysis of the global Cannabis Testing market and draw conclusions regarding the market’s potential drivers of future growth. To assure the validity and authenticity of the findings in this study, a combination of primary and secondary research approaches was used in the research process.
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Cannabis Testing Market Segmentation:
With a revenue share of 23.7% in 2021, potency testing services took the market’s top spot by service type. The market is primarily being driven by a rise in the demand for analyzing the potency of different cannabinoids, particularly CBD (Cannabidiol) and Tetra hydro cannabinol (THC) in grown cannabis, as well as a rise in the use of effective potency testing methods like Gas Chromatography (GC) and High-Performance Liquid Chromatography (HPLC) for testing samples.
The cannabis farmers and cultivators, who accounted for 64.2% of all sales in 2021, held the majority of the market’s revenue by end-user. Growers are entering into agreements with testing labs as a result of official restrictions on the quantity of THC that may be found in cannabis products in several countries.
Cannabis Testing Market Key Players:
• PharmLabs • GreenLeaf Lab • Agilent Technologies Inc. • Shimadzu Scientific Instruments • Merck KGaA • Restek Corporation • PerkinElmer Inc., • Danaher Corporation • Accelerated Technology Laborator
Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this global Cannabis Testing market research report.
Global Cannabis Testing market size reached USD 1.41 billion in 2021 and is expected to reach USD 3.26 billion by 2029, growing at a CAGR of 12.7 % during the forecast period.
Regional Analysis:
The Cannabis Testing market research has been divided into various important regions, as follows:
- Asia-Pacific region (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- European Union (Turkey, Germany, Russia UK, Italy, France, etc.)
- The continent of North America (the United States, Mexico, and Canada.)
- South America is a continent in South America (Brazil etc.)
- The continents of Africa and the Middle East (GCC Countries and Egypt.)
The research offers market size, growth rate, and country-level data, as well as demand and supply aspects that influence worldwide Cannabis Testing market growth in different nations.
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Impact of COVID-19 on the Cannabis Testing Market:
In-depth analysis of COVID-19’s market effects is done in the market study for pet insurance. Because of the COVID-19 challenge, researchers at Maximize Market Research are keeping an eye on the situation around the world and are optimistic that the market will provide producers lucrative chances. The goal of the paper is to offer a more complete picture of the current state of affairs, the state of the economy, and COVID-19’s effects on the entire industry.
Key Questions Answered in the Cannabis Testing Market Report are:
- How much does Cannabis Testing market sell for, how much does it produce, how much it consumes, how much it imports, and how much it exports?
- On a global basis, who are the top actors in the Cannabis Testing Market? How is their firm doing right now (capacity, production, sales, price, cost, gross profit, and revenue)?
- What are the market possibilities and threats in the global Cannabis Testing industry for Cannabis Testing providers
- Which application, end-user, or product sector stands to gain the most from new growth opportunities?
Key offerings:
Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Source, Type, Application, and End Use
Landscape- Leading key players and other prominent key players.
Table Of Content :
1. Global Cannabis Testing Market: Research Methodology
2. Global Cannabis Testing Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Cannabis Testing Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Cannabis Testing Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
4. Global Cannabis Testing Market Segmentation
4.1. Global Cannabis Testing Market, by Service Type (2021-2029)
• Potency Testing
• Terpene Profiling
• Heavy Metal Testing
• Pesticide Screening
• Microscopy Testing
• Residual Solvent Screening
4.2. Global Cannabis Testing Market, by End Users (2021-2029)
• Cannabis Drug Manufacturers
• Cannabis Cultivators/Growers
• Others (Research Institutes & Labs)
5. North America Cannabis Testing Market(2021-2029)
5.1 North American Cannabis Testing Market, by Service Type (2021-2029)
• Potency Testing
• Terpene Profiling
• Heavy Metal Testing
• Pesticide Screening
• Microscopy Testing
• Residual Solvent Screening
5.2 North America Cannabis Testing Market, by End Users (2021-2029)
• Cannabis Drug Manufacturers
• Cannabis Cultivators/Growers
• Others (Research Institutes & Labs)
5.3 North America Cannabis Testing Market, by Country (2021-2029)
• United States
• Canada
• Mexico
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