Cannabis Testing Market Report Overview
Maximize Market Research provides a comprehensive analysis of Cannabis Testing to provide a current snapshot of the market to understand its feature in an optimized way. The Cannabis Testing Market report presents market characteristics in terms of accumulation, segmentation, dominance, and combination traits. The report provides a Cannabis Testing market overview by standard topics which are highlighted with customized data according to the necessity. This overview helps in decisions on how to approach the market and understand the context of the Cannabis Testing industry.
Cannabis Testing Market Report Scope and Research Methodology
The Competitive landscape section illustrates the growth strategies embraced by suppliers in the Cannabis Testing industry. The coverage in this segment offers valuable perspectives at various tiers, enabling stakeholders to stay current with industry trends and engage in the economic dynamics. Within the Cannabis Testing market report’s competitive scenario, companies’ activities are categorized into Merger & Acquisition, Agreement, Collaboration & Partnership, Product Launch & Enhancement, Investment & Funding, as well as Award, Recognition & Expansion.
The accumulated news within the Cannabis Testing report equips suppliers with insights into market gaps and competitors’ strengths and weaknesses, thereby offering valuable information to enhance products and services. It presents a clear picture of the supplier’s revenue contribution to the overall Cannabis Testing market relative to other players in the field. Furthermore, it sheds light on the performance of players concerning revenue generation and customer base in comparison to their counterparts.
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Cannabis Testing Market Regional Insights
North America: U.S., Canada
Europe: U.K., Germany, Rest of Europe
Asia-Pacific: China, Japan, Rest of Asia Pacific
Latin America: Brazil, Mexico, Rest of Latin America
Middle East and Africa: GCC, Rest of MEA
Market size and forecast for these regional and country-level markets are presented in this Cannabis Testing market report for the period 2020-2029.
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 2022, 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 2022. 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
o Liquid Chromatography
o Gas Chromatography
o Other
• Spectroscopy
o Mass Spectrometry
o Atomic Spectrometry
• Others
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Cannabis Testing Market Key Players:
• Saskatchewan Research Council (SRC)
• SC Labs
• Steep Hill, Inc.
• SGS Canada Inc.
• CW ANALYTICAL
• PharmLabs
• GreenLeaf Lab
• Agilent Technologies Inc.
• Shimadzu Scientific Instruments
• Merck KGaA
• Restek Corporation
• PerkinElmer Inc.,
• Danaher Corporation
• Accelerated Technology Laboratories Inc.
• Steep Hill Halent Laboratories Inc.
• Digipath Inc.
• Pharmlabs LLC.
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Key Questions answered in the Cannabis Testing Market Report are:
- What is Cannabis Testing?
- What is the CAGR of the Cannabis Testing market during the forecast period?
- What is the expected Cannabis Testing market size by 2029?
- Which segment held the largest Cannabis Testing market share in 2022?
- What is the competitive scenario of the Cannabis Testing market?
- What are the main factors driving the growth of the Cannabis Testing market?
- Which region has the maximum Cannabis Testing market share?
- Who are the major players in the Cannabis Testing market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment 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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