CANNABIS TESTING SERVICES MARKET ANALYSIS

Regional Analysis

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North America remains the dominant region in the global cannabis testing services market and is estimated to hold 44.3% of the market share in 2024. This is due to the early legalization of medical cannabis in several states in North America starting from the late 1990s and increasing commercial cultivation activities. States like Colorado, Washington, and California have developed a mature cannabis industry over the years with stringent regulations requiring licensed producers to mandatorily test their products. This has translated into a higher demand for testing services in the region compared to others. Moreover, the presence of several certified testing labs and the development of testing guidelines by agencies like AOAC International has further strengthened the market position of the region.

Europe has emerged as the fastest growing regional market for cannabis testing services. Countries like Germany, Italy, Denmark, and the Netherlands have legalized medical cannabis in the recent past, whereas countries like Spain and Portugal have decriminalized personal use and possession of cannabis. This growing acceptance and the development of a regulated medical cannabis industry has boosted the need for testing activities. The region is also witnessing increasing cross-border trade of medical cannabis between nations which necessitates quality assurance through testing. Moreover, the cultivation licenses issued by countries like Germany to domestic as well as foreign producers have attracted multi-national cannabis companies to establish European operations. This has accelerated the regional market growth of cannabis testing services. The region is also witnessing increased research collaborations between testing labs and universities to develop innovative solutions.