AGRICULTURAL TESTING MARKET ANALYSIS

Regional Analysis

• By Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa

• Geographically, North America is expected to dominate the global agricultural testing market over the forecast period owing to the growing market for agricultural testing. According to the Coherent Market Insights analysis, the agricultural testing market in the U.S. was valued at US$ 1,053.3 million in 2020, and it is projected to reach US$ 1,551.1 million by 2026, registering a CAGR of 6.8% during the forecast period. Also, the presence of the Seed Regulatory and Testing Division (SRTD), which tests agricultural and vegetable seeds to ensure the efficient marketing of seeds, is further anticipated to foster regional market growth.
• Asia Pacific is also expected to witness the fastest growth over the forecast period, and this is attributed to increasing government initiatives to expand laboratories for seed testing. The agricultural testing market in India was valued at US$ 256.6 million in 2020 and is projected to reach US$ 387.0 million by 2026, recording a CAGR of 7.3% during the forecast period.