The Latin America agricultural testing market size is expected to reach USD 1467.17 million in 2024 and is anticipated to reach USD 2051.05 million by 2029, growing at a CAGR of 6.93% during the forecast period from 2024 to 2029.
The agricultural testing market can be characterized as the testing of different samples, including water, soil, seed, and so forth, to decide on quality and contaminant content.
Agricultural testing helps in analyzing the relevant input necessities and resources to be supplemented for the ideal plant development. Alongside deciding the contamination level, testing helps in deciding composition, and different attributes, for example, the acidity or pH level of the given sample. A soil test can be useful in characterizing the fertility level and requirement for trace components, and so forth, of a given soil type.
Latin American agricultural testing business sector is a highly developed part as it is turning out to be highly prominent in commercialized and developed regions. Regulations and legitimizations relating to environmental safety and agricultural productivity has been the real driving element for the market development of this sophisticated segment. Sample testing has turned out to be progressively mainstream in commercialized agribusiness nations with a specific end goal to keep up the export growth of agricultural products. Time utilization in setting up a broad example for testing alongside cost related with the operation are the major drawbacks for the business development.
whereas on the basis of Quality assurance market is further segmented into Chemical quality assurance and Physical quality assurance.
On the basis of geography, the Latin American market is analyzed in various regions, namely Brazil, Argentina, and Mexico. The Soil testing forms a dominant part of the market share for the overall industry, trailed by water testing. The market development in South America will be driven by Brazil and Argentina.
Some of the major companies dominating the market by their products and services, include R J Hill Laboratories Ltd., Eurofins Scientific, SCS Global Services, Bureau Veritas S.A., Agilent Technologies, Inc., ALS Limited, etc.
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