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Soil Testing Equipment Market: By Type (Physical, Chemical, Residual), By Site (Laboratory, On-Site), By End Use Industry (Construction, Agriculture, Others), and Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
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 along with other variables.
Soil Testing Equipment Market to surpass USD 13.1 billion by 2032 from USD 4.13 billion in 2021 at a CAGR of 11.1% in the coming years, i.e., 2022-32. 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.
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Soil Testing Equipment Market is categorized on the basis of Type into Physical, Chemical, and Residual. The Physical Tests segment holds a major market share among others. Physical tests include examining the soil's plasticity, porosity, leachability, and shear strength. The demand for physical examinations is driven by the rapid urbanization of India and China. The industry is driven by the customers’ increasing awareness of the presence of chemical residues like fertilizers and pesticides, in fresh vegetables and fruits.
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.
The market is witnessing growth due to the demand for proper farm management techniques, the intensification of agriculture, the necessity for quick and accurate test results, and industrialization. The quick adoption of precision farming increases crop production and profitability and measures nutrient leachability, soil fertility, and movement, which would help to improve soil composition and quality. This has also made it possible for the farmers to divide fields into zones, developing a site-specific strategy to increase yields and reduce input expenditures. These factors are contributing to the growth of the global Soil Testing Equipment Market.
Owing to the excessive use of fertilizers, pesticides, and insecticides that are chemically infused, the demand for soil testing to determine the soil's ability to produce agricultural products increases. This will support the growth of the global Soil Testing Equipment Market over the next five years. Agriculture's intensification and the demand for quick and accurate soil analysis test findings both contribute to the market growth. The development of the global Soil Testing Equipment Market is further fueled by elements like increased investment in product development and novel goods, technological developments, favorable government plans and schemes, and also tax benefits for such equipment.
The availability of various test findings resulting from various test methodologies and uncertainty surrounding conditions of drainage during testing are two variables that are projected to have a negative impact on the market growth. Despite the many advantages, some farming communities in developing nations lack interest in soil testing, which is anticipated to constrain market growth to a considerable level.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Soil Testing Equipment Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America region is dominating the Soil Testing Equipment Market due to the larger market in the United States. The presence of key players, growing funds for environmental protection and growth in organic farming are driving the market in this region.
Asia-Pacific will produce highest growth rate, owing to the region's increased adoption of new technologies and automation processes in different industries. Agricultural professionals in China are looking for modern farming practices to help them achieve long-term growth in agricultural yield.
Impact of Covid-19 on Soil Testing Equipment Market
COVID-19 pandemic had shut down the production of various products in the soil testing equipment owing to the prolonged lockdown in major global countries. This hampered the growth of the Soil Testing Equipment Market significantly and was likely to continue during 2020. COVID-19 had already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market throughout the year.
REPORT ATTRIBUTE |
DETAILS |
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Market Size Value in 2021 |
USD 4.13 billion |
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Revenue Forecast in 2032 |
USD 13.1 billion |
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Growth Rate |
CAGR of 11.1% from 2022 to 2032 |
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Base Year for Estimation |
2021 |
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Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments Covered |
Type, Site, End Use Industry, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key Companies Profiled |
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. |
The Soil Testing Equipment Market size was estimated at USD 4.13 billion in 2021 and is expected to reach USD 13.1 billion in 2032.
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.
The Physical and Construction segments accounted for the larger share of the Soil Testing Equipment Market.
Key players in the 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.
The major drivers of the Soil Testing Equipment Market include higher demand for soil testing equipment and the need for Improved Farming Techniques.
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