Fatpos Global has released a report titled “Soil Testing Equipment Market - Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 13.1 billion by 2032. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 11.1% between 2022 and 2032. As per the report, the construction and agricultural industries' high demand for soil testing equipment is anticipated to drive the market growth. The need for soil testing equipment rises due to the rising construction activities throughout different locations since it evaluates the soil requirements for the proposed construction. This is yet another key driver of the Soil Testing Equipment Market.
“The demand for soil testing equipment is rising in the agricultural and construction sectors, which is propelling the Soil Testing Equipment Market growth. The demand is also increasing due to the growing construction activity in various regions, which helps to identify the soil requirements for the proposed construction. Moreover, the increased investment in R&D activities will result in technological advancements and profitable possibilities for businesses operating in the target industry.”, said a lead analyst at Fatpos Global.
Soil testing is performed to learn different properties like nutrient content, acidity, composition, pH level, and more. The process includes gathering soil samples, preparing them for analysis, performing physical or chemical analysis, interpreting the results of the analysis, and then recommending fertilizer and lime for the crops. A soil test can determine how much nutrition is currently in the soil and how much more is required. For more uniform crop growth, it helps to increase the homogeneity of nutrient availability across the fields. In numerous industries, soil testing is crucial. 60% of crop yields, particularly in the agricultural sector, are dependent on soil fertility. This guarantees the soil's high quality, which is crucial to farming as other variables are.
Soil Testing Equipment Market is categorized on the basis of End Use Industry into Construction, Agriculture, and Others. The Construction segment leads the market among other industries. Owing to rapid industrialization, nations like India have seen a significant increase in foreign direct investments (FDI) in the building sector. The growth of related businesses like soil testing equipment, is anticipated to be fueled by the rising global infrastructure spending. The need for necessary equipment is expected to be driven by technological development together with growing awareness of the advantages of soil testing.
Some of the key players operating in the global Soil Testing Equipment Market are Thermo Fisher Scientific Inc., Eurofins Scientific, Agilent Technologies Inc., PerkinElmer Inc., Merck KGaA, LaMotte Company, S.W. Cole, EIE Instruments Pvt. Ltd, Sun Labtek Equipments (I) Pvt. Ltd, Gilson Company Inc., Humboldt Mfg. Co., M&L Testing Equipments, Alfa Testing Equipment, Ele International, Geotechnical Testing Equipment UK Ltd, and Other Prominent Players.
In the latest market study conducted by, Fatpos Global thrives to present an unbiased analysis of the global Soil Testing Equipment Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the market. Global Soil Testing Equipment Market is classified on the basis of Type into Physical, Chemical, and Residual. By Site, the global Soil Testing Equipment Market is divided into Laboratory and On-Site. By End Use Industry, the global Soil Testing Equipment Market is divided into Construction, Agriculture, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
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