Soil fertility testing market has been estimated to be valued at US$ 1,164.9 million in 2022. Market size for soil fertility testing is projected to reach US$ 2.28 billion by the end of 2033, and is projected to grow with CAGR of magnitude 6.3%.
India is estimated to create an absolute dollar opportunity of US$ 96.3 million in between 2023 and 2033. U.S., China, India and Brazil are the leading countries in the global soil fertility testing market. Chemical fertility soil testing to remain a prominent application in the global market accounting for more than 45% of the overall share.
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Soil fertility testing is a process in which the fertility level of soil is evaluated and determined, usually by measuring the levels of certain essential nutrients. Soil fertility testing helps to identify the amount of fertilizer that may be needed to improve crop yields or other agricultural production goals. It also helps farmers to determine the best fertilizers for their land and crops. Soil fertility tests are conducted by professional agronomists and laboratories across various countries, who use different methods to measure soil nutrients such as nitrogen, phosphorus, potassium, calcium, magnesium, boron and more. Soil pH, organic matter content and soil texture are also taken into account when conducting a soil test.
The demand for soil fertility tests has been increasing over recent years due to the growing need for better crop yields from farmers across the world. Soil fertility test kits have become increasingly popular due to their accuracy in detecting nutrient deficiencies and providing improved results than traditional methods. Factors such as technological advancements in soil testing equipment, government initiatives towards efficient utilization of fertilizers and increasing awareness about soil health amongst farmers are driving the growth of this 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
- AgroCares technology
- Kinsey Ag Services and more
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Key Takeaways of Soil Fertility Testing 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.
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The North American region holds a major share in the global market for Soil Fertility Testing products due to high spending on agricultural technologies by governments in this region coupled with rising consumer demand for food quality assurance standards across the U.S., Canada and Mexico. Asia Pacific region is expected to grow at a significant pace owing to rapid urbanization along with increased investment by China towards utilizing advanced technologies in agriculture sector which has resulted into increased demand for effective soil management systems including Soil Fertility Testing products thereby driving their growth in this region.
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