Cannabis Testing Market Share Report & Size Overview 2028

Cannabis Testing Market Size and Forecast to 2028 - COVID-19 Impact and Global Analysis by Product (Analytical Instruments, Consumables, and Software), Type (Potency Testing, Terpene Profiling, Residual Solvent Screening, Microbial Analysis, Pesticide Screening, Heavy Metal Testing, and Genetic Testing), End User (Testing Laboratories, Drug Manufacturers, and Research Institutes), and Portability (Hand held Devices, and Standalone), and Geography      

Publication Month : Jun 2021

  • Report Code : TIPHE100001394
  • Category : Pharmaceuticals
  • Status : Published
  • No. of Pages : 214
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[Research Report] The cannabis testing market was valued at US$ 1,512.06 million in 2021 and is projected to reach US$ 2,960.20 million by 2028; it is expected to grow at a CAGR of 10.1% from 2021 to 2028.

Market Insights and Analyst View:

Cannabis testing is used in variety of applications that includes determining the concentration of cannabis in various analytical samples such as pharmaceutical drugs.  It also helps in detection of contaminants such as bacteria and fungi. Furthermore, the cannabis testing is also performed for determination of trace metals such as arsenic, cadmium that can adversely impact health if remained unchecked. These tests are performed with the help of various analytical techniques that include chromatography analysis, spectrometry, ELISA, polymerase chain reaction (PCR) and others. Factors such as legalization of medical cannabis and increasing awareness through conferences, symposia, & workshops bolstering the cannabis testing market growth. Additionally, growing adoption of LIMS in cannabis testing laboratories are also driving the cannabis testing market growth.

Growth Drivers and Challenges:

The cannabis testing market in the USA is anticipated to be the main driving force of growth of use of medical cannabis. 30 states of the United States of America have legalized the use of cannabis. These 30 states comprise of 60% of total population and have approved use of medical marijuana. This has become the driving force for the growth of cannabis testing marked in the entire North America region. Currently more than 8000 active licenses for cannabis businesses in USA. It is the only country with such number of market players. Europe is another region which has shown a decent growth rate for cannabis testing market. There has been an increase in the process of legalization of cannabis in European countries. In November 2018, Government of UK announced that medicinal cannabis is legal. The main force for growth in demand of cannabis is because of the use of cannabis in pesticides in Europe. Growing number of cannabis testing laboratories have fuelled the demand for cannabis in the Europe region.  

The Asia Pacific region projects a great demand for cannabis testing market. This is because the medical use of cannabis to heal patients of various disease for example chronic neuropathic pain, and any spinal injury. It also helps to deal with anorexia in HIV AIDS which is a major challenge in this region. In December 2018, Thailand was the first country in Southeast Asia to legalize cannabis. There has been significant rise in investments in cannabis testing labs and recent law changes which have led to acceptance of marijuana and cannabis.

Similarly, in 2019, in Madhya Pradesh, India, the state government legalized the cultivation of hemp for industrial and medicinal purposes. Also, several other states in India are in the process of legalizing cannabis cultivation. For instance, In March 2021, the Chief Minister of Himachal Pradesh, announced that the state government is coming up with new policies to allow the cultivation of cannabis for medicinal and industrial use in order to boost the local economy. Further, the state government of Tripura, India, is forming an expert panel to legalize cannabis cultivation.

Thus, due to growing legalization of cannabis, the cannabis testing market is expected to grow at rapid pace.

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Cannabis Testing Market: Strategic Insights

cannabis-testing-market
Market Size Value inUS$ 1,512.06 Million in 2021
Market Size Value byUS$ 2,960.20 Million by 2028
Growth rateCAGR of 10.1% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Akshay

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Cannabis Testing Market Segmentation and Scope:

The “Global Cannabis Testing Market” is segmented based on product, application, end use, portability, and geography. The cannabis testing market by product is segmented into analytical instruments, consumables, and software. Analytical instruments are further subsegmented as chromatography instruments, spectroscopy, and other analytical instruments. Based on application, the cannabis testing market is segmented into potency testing, terpene profiling, residual solvent screening, microbial analysis, pesticide screening, heavy metal testing, and genetic testing. Based on end use, the cannabis testing market is segmented into testing laboratories, drug manufacturers, and research institutes. Based on portability, the cannabis testing market is segmented into handheld devices, and stand alone. The cannabis testing market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)

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Segmental Analysis:

Based on product, the cannabis testing market is segmented into analytical instruments, consumables, and software. Analytical instruments are further subsegmented as chromatography instruments, spectroscopy, and other analytical instruments. The analytical instruments segment held the largest share of the market in 2020; whereas the consumables segment is likely to grow at a highest rate during the forecast period. Patients and consumers rely on the products they are consuming to be safe and consistent. Consumables includes the majority of multiple user products that are used along with the chromatography and spectroscopy instruments to carry out several cannabis tests. The range of consumables used for the testing of cannabis includes chromatography columns, standards and CRMS, supplies and other accessories. The consumables segment is expected to witness the fastest growth in the global cannabis testing market as these products are purchased multiple times and majority of these cannot be re-used. Thus, the increasing study on cannabis is expected to lead to generate more requirement of consumables thereby resulting in the cannabis testing market growth.

Based on application, the cannabis testing market is segmented into potency testing, terpene profiling, residual solvent screening, microbial analysis, pesticide screening, heavy metal testing, and genetic testing. The potency testing segment held the largest share of the market in 2020; and the same segment is likely to grow at a higher rate during the forecast period. Cannabis is now a rapidly growing industry across the globe due to recent changes and attitudes in the laws for cannabis. Medicinal cannabis undergoes lab testing, requiring the hiring of qualified individuals who understand lab setup as well as various testing procedures. The potency of cannabis refers to the percentage of cannabinoids contained in the sample being tested. Depending on the state in which testing occurs, a sample’s THC and CBD levels, along with its tetrahydrocannabinolic and cannabidolic acids are required. Other labs may opt to test samples for their CBC and CBG as well. Testing for potency involves gas or liquid chromatography for a range of matrices.

Based on Based on end use, the cannabis testing market is segmented into testing laboratories, drug manufacturers, and research institutes. The testing laboratories segment held the largest share of the market in 2020; and the same segment is likely to grow at a higher rate during the forecast period. Appropriate cannabis testing is critical to demonstrate that these products do not contain harmful levels of contaminants or adulterants and are safe for public consumption. The number and size of testing laboratories operating in the United States and many other industrialized nations has increased significantly over the last few decades. There are myriad reasons for this growth, but observers generally point to the rise in product testing for the bulk of the increase. Safety, objectivity and economic considerations are the three integral parameters responsible for the growth of the segment in the coming years.

Based on portability, the cannabis testing market is segmented into handheld devices, and stand alone. The standalone segment held the largest share of the market in 2020; whereas the handheld segment is likely to grow at a higher rate during the forecast period. The levels of cannabinoids in fresh plants varies day to day. Thus, it is very difficult to choose the right time of harvesting. Also, several cultivators face several problems in monitoring their plants due to expensive or inaccurate test. Cultivators spend huge amount of money on laboratory tests. Thus, development of portable and affordable cannabis tester helps in avoiding the delay of forensic lab results.     

Cannabis Testing Market, by Product– 2020 and 2028

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Regional Analysis: 

Based on geography, the cannabis testing market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. In 2020, North America held the largest share of the global cannabis testing market, and Asia Pacific is estimated to register the highest CAGR during the forecast period. North America is largest market for Cannabis drug testing with the US holding the largest market share followed by Canada. The growth in North America is characterized by increase in the approval of cannabis medicinal products. Moreover, increasing drug investigation services, growing medicinal applications of cannabis and increasing number of toxicological laboratories are key factors contributing to the growth of cannabis testing market.   

Industry Developments and Future Opportunities: 

Various initiatives taken by key players operating in the global cannabis testing market are listed below:

  1. In January 2023, Buffalo lab received approval for cannabis testing by The Office of Cannabis Management. Approved labs test for things like pesticides, heavy metals and moisture content.
  2. In January 2021, Agilent Technologies, Inc. announced that it has released MassHunter Workstation Plus 11.0, MassHunter BioConfirm, and MassHunter Networked Workstation 11.0. These products are comply with regulatory requirements from the EU EMEA and US FDA.
  3. In November 2020, Waters Corporation launched the new RADIAN ASAP System. It is a new direct mass detector engineered for non-mass spectrometry (MS) experts to conduct fast and accurate analyses of solids and liquids with minimal sample prep.
  4. In July 2020, Agilent Technologies, Inc. announced launch of Innovative online tool, and new consumables kits. The kit provides faster set up and analysis for Cannabis and hemp potency and pesticide/mycotoxin testing. The products are known as Cannabis and Hemp Potency Kit and the Cannabis Pesticide and Mycotoxin Kit in the market.    

Covid-19 Impact:

The COVID-19 pandemic affected economies and industries in various countries across the globe. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the healthcare industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and sales of various essential and nonessential products including healthcare products and services. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. It also includes the impact of the COVID–19 pandemic on the market across all the regions. The impact of the pandemic and decreasing global research activities have also harmed the operations and financial execution of several companies in the cannabis testing market. The number of cannabis tests conducted in the laboratories decreased due to the shutting down of academic & research institutes and testing laboratories. For instance, according to a report issued by MJBizDaily in March 2020, most federally managed cannabis labs in Canada help COVID-19 testing, consequently impacting the number of cannabis tests performed in the labs. In addition, the cannabis market lost some revenue due to shop closures, testing laboratories closings, interrupted supply chains, global economic slowdown, and limited movement.  

Competitive Landscape and Key Companies:

Some of the prominent players operating in the global cannabis testing market include Purpl Scientific, Orange Photonics Inc, Agilent Technologies Inc., Shimadzu Corporation, Merck KGaA, Restek Corporation, WATERS, CannaSafe Analytics, Accelerated Technology Laboratories, Inc, Digipath Inc. These companies focus on new product launches and geographical expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which provides them to serve a large set of customers and subsequently increases their market share.   

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product , Type , End User , and Portability and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is Cannabis Testing?

Cannabis testing is used in variety of applications that includes determining the concentration of cannabis in various analytical samples such as pharmaceutical drugs, and detection of contaminants such as bacteria and fungi. Furthermore, the cannabis testing is also performed for determination of trace metals such as arsenic, cadmium that can adversely impact health if remained unchecked. These tests are performed with the help of various analytical techniques that include chromatography analysis, spectrometry, ELISA, polymerase chain reaction (PCR) and others.

What are the types of cannabis testing?

The types of cannabis testing are potency testing, terpene profiling, residual solvent screening, microbial analysis, pesticide screening, heavy metal testing, and genetic testing.

What are the driving factors for the cannabis testing market across the globe?

The growth of the market is attributed to legalization of medical cannabis, increasing awareness through conferences, symposia, and workshops and growing adoption of LIMS in cannabis testing laboratories. However, the stringent regulatory framework for cannabis, and dearth of trained laboratory professionals hinder the market growth.

The List of Companies - Cannabis Testing Market

  1. Purpl Scientific
  2. Orange Photonics, Inc
  3. Agilent Technologies, Inc.
  4. SHIMADZU CORPORATION
  5. Merck KGaA
  6. Restek Corporation
  7. WATERS
  8. CannaSafe Analytics
  9. Accelerated Technology Laboratories, Inc.
  10. Digipath Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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