Soil Fertility Testing Market is expected to reach US$ 5,891.06 Mn by 2028

Stringent Government Regulations Pertaining to Nutrient Content of Crops to Boost Market Growth

According to our latest market study on “Soil Fertility Testing Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Test Type (Physical, Chemical, and Biological) and Method (Onsite and Offsite/Laboratory),” the market was valued at US$ 4,355.51 million in 2020 and is projected to reach US$ 5,891.06 million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Soil fertility testing helps determine the growth potential of soil, indicating inadequacies of nutrients, potential toxicity caused by excessive fertility, and inhibitions due to non-essential trace minerals. Soil fertility testing has become widely accepted in the agriculture sector in the last few years for achieving higher field yields and revenues. Further, increasing population in the world, the rising availability of arable land, and the presence of a large number of soil fertility testing service providers are boosting the demand for soil fertility testing products and services.

Chemical soil tests have emerged as a monitoring tool for avoiding excessive nutrient input to the farm system. These tests help determine the concentration of essential plant nutrients such as phosphorus, nitrogen, potassium, available lime, organic matter, sulfur, and trace elements as well as other physical properties such as capacity, permeability, density, and pH. Further, the soil chemical testing assists in the optimization of crop production, protection of the environment from contamination caused by runoff and leaching of excess fertilizers, diagnosis of plant culture problems, and enhancement of nutritional balance of the growing media.

A few of the key players operating in the soil fertility testing market are SGS SA; Eurofins Scientific; ALS Limited; Agrolab GmbH; Actlabs; Agrocares; Water Agriculture Laboratories, Inc.; Polytest Laboratories; Crop Nutrition Laboratory Services Ltd.; and A and L Great Lakes. Mergers and acquisitions, product launches, market initiatives, and investments are a few of the activities undertaken by these companies to expand their market shares. The strategies such as product launch, mergers and acquisitions, market initiatives, and investment scenario have helped them grow their business.

Impact of COVID-19 Pandemic on Soil Fertility Testing Market

The COVID-19 outbreak has disrupting the soil fertility testing market due to the slowdown of agricultural activities, instabilities in supply chains, limitations on trade movements, and decrease in the availability of workforce, among others. The outbreak has distorted operational efficiencies and disrupted the value chains due to the sudden shutdown of national and international boundaries. However, as the economies are planning to revive their operations, the demand for soil fertility testing is expected to rise globally in the coming months. Furthermore, the demand for healthy food crops, fruits, and vegetables as well as the need for nutrient-rich and immunity-boosting food products have risen due to an increase in number of COVID-19 cases, which would support the soil fertility testing market growth. Further, amid the pandemic, agrarian nations such as India, Bangladesh, and Vietnam, where agriculture accounts for 12–16% of GDP, have been hit the worst. Despite relief plans and packages announced by governments for small farmers, the agriculture sector performance has been declining. The supply of agricultural produce from California, which supplies nearly one-third of the US’s fruits and vegetables, was restricted with the surge in infection in 2020, which hampered the growth of the soil fertility testing market in the country.

Soil Fertility Testing Market Breakdown – by Region, 2020

The report segments the soil fertility testing market as follows:

• Physical
• Chemical
• Biological

• Onsite
• Offsite/Laboratory

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Hungary
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Taiwan
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America