Soil Fertility Testing Market Market Trends and Projections
The soil fertility testing market is projected to reach a valuation of approximately US$ 1,239.0 million in 2023, with an anticipated compound annual growth rate (CAGR) of 6.3%, leading to an estimated value of US$ 2,282.5 million by 2033. This growth is primarily driven by the expanding arable land and the availability of testing services. Continuous use of pesticides has diminished soil nutrient levels, increasing the demand for regular soil testing to assess nutrient content, soil structure, aeration, and drainage. Notably, soil fertility testing accounted for around 28% of global agricultural testing in 2022, with key markets in India, the United States, China, and Brazil due to their extensive agricultural land and production.