Soil Fertility Management Market 2022
The global Soil Fertility Management Market is estimated to be worth US$ 2 Bn between 2021 and 2031. The global soil fertility testing market will witness a CAGR of 6.5% between 2021 and 2031, Supported by Stringent Government Regulations Regarding Nutrient Content of Crops.
According to a recent research report published by PMR, the global Soil Fertility Management Market is expected to witness a CAGR of more than 6% through the year 2029. One of the key factors boosting the growth of the Soil Fertility Management Market is strict regulations that have been set by the governments of various countries across the globe regarding the nutrient level in crops. Moreover, agricultural testing is becoming a priority for increasing yield, as a result of limited resources, and soil fertility testing is one of the important testing methods that needs to be used.
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Soil Fertility Management market Key Companies-
- SGS SA
- Eurofins Agri Testing
- ALS Ltd
- BUREAU VERITAS
- AgroLab
- Actlabs
- A & L Great Lakes
- Waters Agricultural Laboratories, Inc.
- Polytest Laboratories
- Crop Nutrition Laboratory Services Ltd.
- Duraroot
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Key Takeaways of Soil Fertility Management Market Study
- Managing nutrient levels in the soil has become an important task, owing to increasing crop requirements and adverse environmental impact of excess fertilizer application in the soil. Strict measures have been taken for regulating the nutrient levels in the soil and crops. Various accredited testing laboratories have been established in order to regulate soil fertility.
- Onsite soil testing is gaining traction, attributable to its various benefits such as lesser time required for sample preparation and analysis and reduced transport. However, highly accurate analysis is still majorly conducted through offsite testing, such as in laboratories, where various measuring tools are available.
- Soil sensors that are compatible with on-the-go acquisitions can be embedded in agricultural equipment, thus allowing the collection of data during field operations. As sensors are collecting data at the time of operations, and these sensors can be connected with smartphones, the time in sample preparation can be reduced considerably.
- Currently, the use of soil fertility testing services in East Asia is relatively high, attributable to the rapidly growing population, large arable land, increased fertilizer consumption, and increasing export of crops by various countries such as China.
“In order to regulate the nutrient levels in the soil, it is necessary to record live readings, especially for crops that are to be exported to another country. Given the criticality of highly accurate results in such settings, service providers are striving to further develop sensors that are capable of accurate and quicker results,” says a PMR analyst.
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Key Questions Answered in Report
- How much is the soil fertility testing market worth?
- What will be the demand outlook?
- What was the last 5 year market CAGR?
- What are the key trends of the soil fertility testing market?
- What is driving demand for soil fertility testing?
- What is the market share of top 5 players?
- What are the top 5 countries driving demand?
- What is the North America market Outlook?
- At what percentage soil fertility testing market is going to register growth in Europe?
- What is the key market statistics in Korea and Japan?
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