Latin-America Agricultural Testing Market - By Sample Type (soil, Water, Seed, Bio-solids, Manures And Others), By Application [contaminants (Toxins, Chemical Residues, Pathogens, Others) And Quality Assurance (Chemical Quality Assurance And Physical Quality Assurance)], & By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2024 to 2029.

Published: January, 2024
ID: 2048
Pages: 145

Latin-America Agricultural Testing Market Size, Growth, Trends and Forecast:

The Latin-America agricultural testing market was worth USD 1200 Million in 2021 and estimated to be growing at a CAGR of 6.93%, to reach USD 1500 million by 2026.

Agriculture testing market can be characterized as the testing of different samples including water, soil, seed, and so forth, to decide quality and contaminant content.

Agricultural testing helps in analyzing the relevant input necessities and resources to be supplemented for the ideal plant development. Alongside deciding the contamination level, testing helps in deciding composition, and different attributes, for example, the acidity or pH level of the given sample. A soil test can be useful in characterizing the fertility level and requirement for trace components, and so forth, of a given soil type.

Latin-America Agricultural Testing Market Drivers:

Latin America Agricultural testing business sector is a high development part as it is turning out to be highly prominent in commercialized and developed regions. Regulations and legitimizations relating to environmental safety and agricultural productivity has been the real driving element for the market development of this sophisticated segment. Sample testing has turned out to be progressively mainstream in commercialized agribusiness nations with a specific end goal to keep up the export growth of agricultural products. Time utilization in setting up a broad example for testing alongside cost related with the operation are the major drawbacks for the business development.

Latin-America Agricultural Testing Market Segmentation:

Latin-America Agricultural Testing Market – By Type of Sample:

  • water

  • seed
  • bio-solids
  • manures
  • soil
  • others

Latin-America Agricultural Testing Market – By Application:

  • contaminants
    • Toxins
    • Chemical Residues
    • Pathogens
    • Others
  • quality affirmation

whereas on the basis of Quality assurance market is further segmented into Chemical quality assurance and Physical quality assurance.

Geographical Analysis:

On the basis of geography, the Latin-America market is analyzed under various regions namely Brazil, Argentina, and Mexico. The Soil testing forms a dominant part of the market share for the overall industry, trailed by water testing. The market development in South America will be driven by Brazil and Argentina.

Major Key Players:

Some of the major companies dominating the market, by their products and services include R J Hill Laboratories Ltd., Eurofins Scientific, SCS Global Services, Bureau Veritas S.A., Agilent Technologies, Inc., and ALS Limited etc.

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