Major Players - Agricultural Testing Industry

Jun, 2023 - by CMI

Major Players - Agricultural Testing Industry

The agricultural testing business is expanding as consumers become more concerned about food safety and environmentally friendly practises. Unprecedented problems like resource depletion, drought, water shortages, land degradation, pollution, biodiversity loss, and climate change are currently plaguing the world. The lives of smallholders and farmers as well as the sustainability of food and agricultural systems are all impacted by these issues. Proper testing is crucial to overcoming these obstacles and enhancing human life. Growing framework and rules for agricultural and environmental safety are once more promoting market expansion. The Federal Seed Act (FSA), 2020 specifies seed criteria for interstate shipments of agricultural and vegetable seeds, including germination, seed purity, information on treated seeds, etc. The Environmental Protection Agency (EPA) in the United States is in charge of overseeing rules pertaining to pesticide registration, manufacture, and distribution that fall under the purview of the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA). The market for soil testing, particularly in the United Kingdom, is expected to benefit from the increasing number of rules relating to soil protection in the European region.

According to Coherent Market Insights, The size of the global Agricultural Testing Market was estimated at USD 5,427.4 million in 2021; from 2022 to 2030, it is projected to increase at a compound annual growth rate (CAGR) of 5.67%.

Leading Companies in the  Agricultural Testing Industry:

1. Eurofins Scientific

The company was started in 1987 and is based in Luxembourg. The business provides analysis of purity and safety in laboratories. The business offers analytical testing services to the consumer goods, food, pharmaceutical, and environmental industries. Eurofins introduced Eurofins Sustainability Solutions in September 2022. A California-based company that specialises in medication development, Beacon Discovery, was purchased by Eurofins in February 2021.

2. Agilent Technologies Inc.

The business was founded in 1999 and is located in Santa Clara, California, United States. Agilent Technologies, Inc. offers fundamental electronic measurement and bio-analytical solutions to the chemical analysis, communications, electronics, and life sciences industries. Agilent unveiled a new ICP-MS device in December 2020. Agilent announced a partnership with Société Générale de Surveillance (SGS) in November 2020, and as a result, a new GC/TQ method.

3. Bureau Veritas SA

The company was established in 1828 and has its main office in Neuilly-sur-Seine, France. The business offers a variety of consultancy services, such as international inspection, audit, testing, and certification related to quality, hygienic conditions, and health. PreScience, which provided project management and construction management services for transportation infrastructure projects, was bought by Bureau Veritas in January 2022.

4. ALS Limited

The firm was founded in 1863 and is located in Brisbane, Australia. Commercial services firm ALS Limited operates on a national and worldwide scale. Services offered by the company include analytical and testing services, the creation of industrial and commercial chemical products, as well as items for the hotel, cleaning, and catering industries.

5. Element Materials Technology (EXOVA)

The company was started in 2008 and is based in Edinburgh, Scotland. Operating as a lab is Element Materials Technology Limited. The business offers testing, inspection, and certification services for a wide range of goods and materials. The business offers testing, inspection, and certification services for materials and goods on a global scale.

6. BioMerieux SA

The firm was founded in 1963 and is based in Marcy-l'Étoile, France. The Company specialises in the diagnosis of pathologies and infectious diseases. BioMerieux is also engaged in the evaluation of environmental, pharmaceutical, and food samples for their microbiological quality. A cloud-based software programme for the epidemiological surveillance of SARS-CoV-2 variations called EPISEQ SARS-COV-2 was introduced by bioMérieux in June 2021.

7. 3M Company

The business was started in 1902 and is based in Saint Paul, Minnesota, United States. The 3M Company operates in a variety of areas, including those for electronics, telecommunications, industrial, consumer and office, healthcare, and safety. The businesses of the company collaborate on technologies, production processes, marketing strategies, and other resources.

Definition: Precision agriculture is not possible without agricultural testing. With the correct equipment, measurements' precision can be increased. Researchers can monitor and audit the quality of agricultural products thanks to the most recent agricultural testing tools.

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