Global Soil Analyzer Market-Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The Soil Analyzer Market is expected to reach USD 1.05 Billion by 2030 and is projected to grow at a CAGR of 5.8% during the forecast period 2022 to 2030.
Soil Analyzer Market Overview:
The growth of this market can be attributed to the growing awareness of the benefits of soil analysis, growing demand for precision agriculture, and increasing adoption of digital farming technologies. In this report, we have studied the global Soil Analyzer market based on type, application, and region. A soil analyzer is an instrument used to analyze various physical and chemical properties of soil. It helps determine soil fertility and also helps detect the presence of heavy metals, pesticides and other contaminants. Soil analyzers are used in agricultural applications to determine the nutrient content of soil, allowing farmers to select the right type of fertilizer for their crop. These instruments are also used in environmental applications to assess contamination levels in soil.
Soil Analyzer market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Soil Analyzer market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
Significant Soil Analyzer Market Dynamics and Growth Factors:
The major factor driving the growth of the soil analyzer market is increasing demand for food and beverage. The world population is projected to reach around 9 billion by 2050, which will increase demand for food and beverages. This in turn is expected to drive the demand for soil analyzers which play a key role in determining soil fertility and productivity. Additionally, government initiatives to promote sustainable agricultural practices are also contributing to the growth of this market. However, factors such as high cost and lack of awareness about soil analysis among farmers are expected to restrain the growth of this market during the forecast period.
- In September 2019, Ele International (UK) launched a new version of the software used for soil testing, complying with BS, ASTM, AASHTO standards. This software is designed especially for geotechnical laboratories. It will improve the quality and productivity of soil tests, such as permeability, triaxial, consolidation, residual, and California Bearing Ratio.
- In August 2018, Agilent (US) announced the acquisition of Young In Scientific Co. Ltd (South Korea), which aims at strengthening Agilent’s analytical capabilities in the environmental field as well as enhancing its direct reach in the South Korean market.
The Soil Analyzer market research report is categorized based on type, applications and region.
Market Key Players:
Agilent Technologies (US), Thermo Fisher Scientific Inc. (US), Merck Group (Germany), PerkinElmer Inc. (US), Controls S.p.A (Italy), LaMotte Company (US), Geotechnical Testing Equipment UK Ltd (UK), Sun Labtek Equipments (I) Pvt. Ltd (India), Martin Lishman Ltd (UK), S.W. Cole (UK), Ele International (UK), Gilson Company Inc. (US), Humboldt Mfg. Co. (US), EIE Instruments Pvt. Ltd (India), Eurofins Scientific (Luxemburg), Alfa Testing Equipment (US), Matest (Italy), M&L Testing Equipments (Canada), and Shambhavi Impex (India), Jenquip, Hanna Instruments, Delta-T Devices, Decagon Devices, ADC BioScientific, 360 Yield Center, and others.
- Portable Soil Analyzer
- Desktop Soil Analyzer
Based on degree of automation:
Geographically, the global Soil Analyzer market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
North America dominates the Soil Analyzer market. Because the US is the largest market in the region. Presence of major players, increasing funding for environmental protection, and growth in organic farming are driving the market in the region. The Asia Pacific region will witness the highest growth rate owing to increasing adoption of new technologies and automated processes across various industries. China's agricultural experts are seeking modern farming practices that can help them achieve long-term growth in agricultural yields.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Soil Analyzer Market report scope
Key Takeaways from this Soil Analyzer Report
- Estimate Soil Analyzer market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Soil Analyzer market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions
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Which application segment is expected to drive the growth of the Soil Analyzer market in the next 5 years?
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