Soil Testing Market: By  Test Type (Residual, Chemical, Physical), By Site (Laboratory Testing, On-Site Testing), By End-User (Agriculture, Landscape Contractors, Golf Courses, Construction, Others), and Geography                  

Soil Testing Market was valued at USD 5,782.9 million in 2023 and is poised to grow at a CAGR of 4.6% from 2024 to 2030. Soil testing plays a vital role in modern agriculture by providing essential insights about the soil health, nutrient levels, composition, PH balance, and overall fertility of the soil which boost the growth for soil testing market. The demand for precise and data-driven soil health assessment is anticipated to increase at a significant pace due to the global concerns about sustainable farming practices, increasing demand from construction industry, and also the environmental impact is rising, in the next 10 years. To satisfy the increasing demand the soil testing solutions contributors are investing more on developing new products, expanding product lines, and expanding their global presence by acquisitions and merges.

The market is also driven by the civil and geotechnical engineers who provides information which has direct impact on the selection of foundation systems, paving materials, and design parameters for buildings, roads, dams, bridges, and other infrastructures. The soil analytical services in the agricultural industry is in high demand to fulfil the growing need for food from the worlds increasing population. Companies providing soil testing services have opportunities to expand their reach globally. However, High-quality soil testing can be costly, mostly for small-scale farmers. The cost of testing, along with the need for periodic assessments, can prevent some agricultural stakeholders from adopting these services.

Soil Testing Market Key Developments:

• In March 2022, Australian Precision Ag Laboratory (APAL), was acquired by the Eurofins Agro Testing. In these achievement process, the company was aided by Mills Oakley, a renowned Australia-based commercial law firm. According to Eurofins, the cutting-edge acquisition marks the company’s expansion into the farming and agriculture testing market in Australia.
• In November 2020, Agilent Technologies Inc. made an agreement with SGS, to develop a new GC/TQ method. The new method, dubbed SGS AXYS Method 16130, was accepted by the U.S. Environmental Protection Agency (EPA) for detection of dioxins, which are highly toxic environmental pollutants producing cancer and serious reproduction and immune system disorders.