Cannabis Testing Market
Cannabis testing refers to the analytical testing of cannabis and cannabis-derived products, in order to ensure product quality and safety. It involves testing for cannabinoid profiles, pesticides, heavy metals, microbiological elements, and residual solvents. Strict regulatory norms mandating quality testing of cannabis and cannabis-based products prior to sale can drive the market growth. Rapid legalization of both medical and recreational cannabis across various regions has significantly boosted demand for quality testing services. However, lack of standardized testing protocols and infrastructure limitations in emerging markets can hamper the market growth.
Market Dynamics:
Global cannabis testing market growth is primarily driven by rapidly evolving regulatory landscape along with legalization of cannabis for medicinal and adult use across several countries worldwide. Strict quality control guidelines imposed by regulatory agencies necessitate comprehensive safety and potency testing of cannabis and related products. For instance, regulations in the U.S., Canada, and certain European countries mandate testing for pesticide residues, microbials, solvents, potency analysis among others. This has significantly boosted demand for testing services. However, lack of testing protocols harmonization can hamper the market growth. High set-up and equipment costs also hampers the market growth in price-sensitive developing regions. Ongoing R&D aimed at developing low-cost and portable testing solutions can offer new opportunities for market participants.
Key features of the study:
- This report provides in-depth analysis of the global cannabis testing market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global cannabis testing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Waters Corporation, Shimadzu Corporation, Agilent Technologies, PerkinElmer, GenTech Scientific, Millipore Sigma, AB SCIEX LLC, PharmLabs, CannaSafe Analytics, and Steep Hill Laboratories
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global cannabis testing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cannabis testing market
Detailed Segmentation-
Table of Contents
*Browse 32 market data tables and 28 figures on "Cannabis Testing Market” -Global forecast to 2031
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize Now
Credibility and Certifications
860519526
9001:2015
27001:2022
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients
