The global Soil Testing Equipment Market is driven by surging demand for higher-yielding crops in the forecast period, 2023-2027. According to TechSci Research report, “Soil Testing Equipment Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”. The global soil test equipment market may show robust growth in the forecast years, 2023-2027 with an anticipated CAGR value.
The Important Elements of Soil Testing Equipment Market
The market growth can be attributed to the factors like increasing demands for higher-yielding crops. Also, increasing demand for good farm management programs to enhance the yields of food crops further drives the growth of the global soil test equipment market in the upcoming five years. Increasing industrialization leads to the rapidly increasing toxicity of the soil which makes the soil unfit for agricultural purposes. Also, excessive usage of pesticides, fertilizers, and insecticides, that are chemically infused also increases the toxicity and salinity of the soil thus increasing the demands for soil testing to analyze the capacity of the soil to produce agricultural products thereby supporting the growth of the global soil testing equipment market in the next five years. Intensification of agriculture and the need for faster & reliable test results of soil analysis also aid the market growth.
Moreover, the increasing adoption of precision farming which has a major advantage in increasing the yields of crops also supports market growth. Factors like technological advancements, higher investment in product development and innovative products, favorable government schemes and plans along with tax incentives for soil testing equipment further aids the growth of the global soil testing equipment market in the forecast years through 2027F.
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The global soil test equipment market segmentation is based on type, size, degree of automation, end-user industry, regional distribution, and competitive landscape. Based on type, the market is further segmented into physical test equipment, residual test equipment, and chemical test equipment. Physical test equipment includes shear strength equipment, leachability equipment, plasticity equipment, and permeability equipment. Residual test equipment includes GC-MS equipment and ICP-MS equipment. Chemical test equipment includes pH meters, salinity testing equipment, and test kits & reagents. Physical test equipment is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of the increasing demand for soil analysis. Increasing demand for beneficial agricultural practices and increasing the yields of the crops to achieve food security on a global scale, further drive the growth of the global soil test equipment market in the next five years.
By site, the market is differentiated between laboratory and on-site. On-site tests are anticipated to hold the largest revenue share due to increasing demands for physical soil analysis. Laboratory tests may also hold significant shares on account of increasing technological advancement in soil testing techniques & technology. Based on the degree of automation, the market is bifurcated into manual, semi-automatic, and automatic. By end-user industry, the market is bifurcated into agriculture, construction, and others.
Some of the market players, dominating the global soil testing equipment market are :
- Agilent Technologies, Inc.
- Thermo Fischer Scientific, Inc.
- PerkinElmer, Inc.
- Merck Group
- Controls S.p.A
- Geotechnical Testing Equipment UK Ltd
- Sun Labtek Equipments (I) Pvt. Ltd
- Martin Lishman Ltd
- Gilson Company Inc.
- Humboldt Mfg. Co.
- EIE Instruments Pvt. Ltd
- Eurofins Scientific SE
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“North American region is anticipated to dominate the regional analysis of the market in the upcoming five years on the account presence of a fair share of global giants in the larger economies like the United States, Canada, etc. Moreover, the higher product development and launches in the region also support market growth. Increasing investments from the government and growing funds for environmental protection and promotions of organic farming. Asia Pacific region is closely following the North American region in terms of revenue shares. The market in the region is growing on the account of increasing research and development in the countries like China, India, etc. Advancements in the sectors like agronomy, Agro-engineering, and the use of information technology for the advancement of soil testing kits and equipment would further aid the growth of the global soil testing equipment market in the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Soil Testing Equipment Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Type (Physical Test Equipment {Shear Strength Equipment, Leachability Equipment, Plasticity Equipment, Permeability Equipment}, Residual Test Equipment {GC-MS Equipment v/s ICP-MS Equipment}, Chemical Test Equipment {pH Meters, Salinity Testing Equipment, Test Kits & Reagents}), By Site (Laboratory v/s On-Site), By Degree of Automation (Manual, Semi-Automatic, Automatic), By End User Industry (Agriculture, Construction, Others), By Region”, has evaluated the future growth potential of global soil testing equipment and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global soil testing equipment market.
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