Cannabis Testing Market: By Type, and Region Forecast 2019-2030

Cannabis Testing Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Medical and Recreational), and Region Forecast 2019-2030

Cannabis Testing Market size was valued at US$ 1,088.98 million in 2023 and is poised grow at a significant CAGR of 13.2% from 2024-2030. The market is being propelled forward by rising demand for cannabis legalization for medical purposes in a number of countries, as well as the establishment of Laboratory Information Management Systems (LIMS) in cannabis testing laboratories. Collaborations between large corporations are also likely to contribute to market growth.

The cannabis testing industry is predicted to increase in emerging economies throughout LATAM (Latin America) and MEA (the Middle East and Africa). Compared to other regions, this is primarily due to significant government backing for medical marijuana legalization in these countries. This is drawing several investors, notable players, and government organizations to invest in developing cannabis testing laboratory standards or improving their operations and activity. Cannabis testing laboratories are focusing on expanding their services, which provides enormous opportunities for these labs to gain a more customer base and enhance revenue. CannaSafe plans to develop into a number of states beyond California, such as Oregon, Florida, and Illinois, in the near future.

Medical cannabis segment is anticipated to show the moderate growth rate during forecast period, and this can be due to growing interest among pharma companies to incorporate cannabis into medicinal products, as cannabis has potential opportunities to treat wide range of diseases like anxiety, epilepsy, pain management, arthritis, sleep disorders, and others. The recreational segment holds the highest share. The expanding number of licences for recreational cannabis dealers and distributors for a wide range of items like as herbal teas, edibles, and other adult-use cannabis is responsible for the recreational segment's large proportion. Demand is also one of the variables that has allowed recreational cannabis to gain a significant market share.

Cannabis Testing Market Key Developments

  • In January 2021, MCR Labs, a Massachusetts-based cannabis testing firm, has recently opened a laboratory in Allentown and has started to approve and analyze product samples for medical marijuana licensees.
  • In January 2019, Digipath, Inc. announced an agreement with Cannabis, Inc. to increase its market share in the cannabis test and strengthen its position in the domestic and international market.

Cannabis Testing Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

13.2%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific

Cannabis Testing Market Dynamics

The entire market is being driven by the growing demand for cannabis legalization for medical purposes in numerous nations. In addition, increasing research on various medical use of cannabis and growing number of cannabis testing laboratories in various emerging markets are also key factors driving the cannabis testing market. Lack of uniformity in quality standards and high cost of laboratory equipment, are major impediments to the market.

Cannabis Testing Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 1,088.98 million

Market CAGR

13.2%

By Product Type

  • Medical and
  • Recreational

By Region

  • North America (USA, Canada)
  • Europe (Germany, UK, France, Spain, Italy , Rest of Europe)
  • The Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia- Pacific)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • MEA (Saudi Arabia, UAE, South Africa, Rest of MEA)

Key Features of the Report

  • The cannabis testing market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

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Frequently Asked Questions

The global cannabis testing market size was valued at US$ 1,088.98 million in 2023 and is projected to grow at a CAGR of 13.2% from 2024 to 2030.    

Restek Corporation, Digipath, Inc, Sigma-Aldrich,Detection Technology Plc.

The Asia Pacific is the fastest-growing region for the cannabis testing market

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Cannabis Testing Market Introduction 
2.1.Global Cannabis Testing Market  - Taxonomy
2.2.Global Cannabis Testing Market  - Definitions
2.2.1.Type
2.2.2.Region
3.Global Cannabis Testing Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Cannabis Testing Market Analysis, 2019-2023 and Forecast 2024-2030
4.1.  Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Cannabis Testing Market  By Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
5.1. Medical
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Recreational
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Cannabis Testing Market  By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
6.1. North America
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Europe
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Asia Pacific (APAC)
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Middle East and Africa (MEA)
6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Latin America
6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7.North America Cannabis Testing Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
7.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
7.1.1.Medical
7.1.2.Recreational
7.2.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
7.2.1.United States of America (USA)
7.2.2.Canada
8.Europe Cannabis Testing Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
8.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Medical
8.1.2.Recreational
8.2.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Germany
8.2.2.France
8.2.3.Italy
8.2.4.United Kingdom (UK)
8.2.5.Spain
8.2.6.Rest of EU
9.Asia Pacific (APAC) Cannabis Testing Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
9.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Medical
9.1.2.Recreational
9.2.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.China
9.2.2.India
9.2.3.Australia and New Zealand (ANZ)
9.2.4.Japan
9.2.5.Rest of APAC
10.Middle East and Africa (MEA) Cannabis Testing Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Medical
10.1.2.Recreational
10.2.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.GCC Countries
10.2.2.South Africa
10.2.3.Rest of MEA
11.Latin America Cannabis Testing Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Medical
11.1.2.Recreational
11.2.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Brazil
11.2.2.Mexico
11.2.3.Rest of LA
12. Competition Landscape
12.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
12.2.1.Agilent Technologies, Inc.
12.2.2.Detection Technology Plc.
12.2.3.Shimadzu Corporation
12.2.4.Merck KGaA
12.2.5.Restek Corporation.
12.2.6.Digipath, Inc
12.2.7.Waters Corporation.
12.2.8.Sigma-Aldrich
12.2.9.Accelerated Technology Laboratories, Inc.
13. Research Methodology 
14. Appendix and Abbreviations 

Key Market Players

  • Agilent Technologies, Inc.
  • Detection Technology Plc.
  • Shimadzu Corporation
  • Merck KGaA
  • Restek Corporation.
  • Digipath, Inc
  • Waters Corporation.
  • Sigma-Aldrich
  • Accelerated Technology Laboratories, Inc.

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