The global cannabis testing service market expected to reach US$ 3.4 billion by 2027 according to a new study by Polaris Market Research. The report “Cannabis Testing Service Market Share, Size, Trends, Industry Analysis Report, By Service (Potency Testing, Terpene Profiling, Heavy Metal Testing, Pesticide Screening, Microscopy Testing, Residual Solvent Screening, and Others); By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the growing need to contain drug abuse and adulteration in cannabis, there is a strong need for quality testing labs in developed economies, this acts as a pivotal factor in boosting the sale of cannabis. Moreover, the positive scenario of scientific literature, clinical trials, and consumer awareness is creating a strong favorable narrative for the market.
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The global cannabis testing service industry is fragmented based on service, end-use, and region. In terms of service, the market is segmented into potency test, terpene profiling, heavy metal test, pesticide screening, microscopy test, residual solvent screening, and others. Based on end-use, the market is further bifurcated into drug manufacturers, cultivators/growers, and research institutes & labs.
Segment Highlights
- The potency test segment is estimated to hold a major share in the global cannabis testing service industry, as the use of cannabis is rising in medicinal purposes. The segment is expected to witness significant growth over the forecast period.
- Based on end-use, the cannabis cultivators/growers’ segment is projected to constitute almost half of the market in 2027. The high share is attributed to the fact that most of the cultivator desire to have in-house testing capabilities.
- North America market accounted for the dominant share in 2019 in terms of revenue owing to the growing research & development in the field of hemp for medical use. In addition, the growing demand for marijuana in healthcare industry is likely to complement market growth
Complete Summary with TOC Available@ https://www.polarismarketresearch.com/industry-analysis/cannabis-testing-service-market/toc
List of Key Players
- Shimadzu Corporation
- Agilent Technologies
- PerkinElmer, Inc.
- Waters Corporation
- CannaSys, Inc.
- PharmLabs, LLC
- Saskatchewan Research Council (SRC)
- Eurofins Scientific
- CW ANALYTICAL
- GreenLeaf Lab
- Praxis Laboratory
- SGS Canada Inc.
Polaris Market Research has segmented the cannabis testing service market report on the basis service type, end-use, and region
Cannabis Testing Service, Service Outlook (Revenue – USD Million, 2016 – 2027)
- Potency Test
- Terpene Profiling
- Heavy Metal Test
- Pesticide Screening
- Microscopy Test
- Residual Solvent Screening
- Others
Cannabis Testing Service, End-Use Outlook (Revenue – USD Million, 2016 – 2027)
- Cannabis Drug Manufacturers
- Cannabis Cultivators/Growers
- Others (Research Institutes & Labs)
Cannabis Testing Service, Regional Outlook (Revenue – USD Million, 2016 – 2027)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Central & South America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
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The global cannabis testing service market expected to reach US$ 3.4 billion by 2027 according to a new study by Polaris Market Research.
The report “Cannabis Testing Service Market Share, Size, Trends, Industry Analysis Report, By Service (Potency Testing, Terpene Profiling, Heavy Metal Testing, Pesticide Screening, Microscopy Testing, Residual Solvent Screening, and Others); By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the growing need to contain drug abuse and adulteration in cannabis, there is a strong need for quality testing labs in developed economies, this acts as a pivotal factor in boosting the sale of cannabis.
Moreover, the positive scenario of scientific literature, clinical trials, and consumer awareness is creating a strong favorable narrative for the market.
Get sample copy of this report @https://www.polarismarketresearch.com/industry-analysis/cannabis-testing-service-market/request-for-sample The global cannabis testing service industry is fragmented based on service, end-use, and region.
Segment HighlightsThe potency test segment is estimated to hold a major share in the global cannabis testing service industry, as the use of cannabis is rising in medicinal purposes.
The Global Cannabis Testing Market size was valued at USD 1.2 billion in 2019 and is anticipated to grow at a CAGR of 14.1% during the forecast period.
Increasing the use of cannabis for medical purposes has led to the legalization of cannabis in numerous countries across the world.
Moreover, increasing focus to fulfill the growing needs of hemp and cannabis cultivators can further lead to an increase in a number of cannabis testing laboratory setup, so resulting in cannabis testing business growth in the future.The cannabis testing market has been segmented on the basis of type, product & software, cannabis type and end user.
The end users mainly test the cannabis plants specifically for cannabinoids which helps them to evaluate the strength of cannabis and also the effect of cannabis on medical users.Get Sample Copy of This Report @ https://www.quincemarketinsights.com/request-sample-60714?utm_source=OP/SKIncreasing use of cannabis for medical purposes have led to legalization of cannabis in various countries across the globe.
By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.Key Factors Impacting the Growth of Cannabis testing Market:Recognition of cannabis for medical and therapeutic use by the medical fraternity.The rise in the number of testing facilities.The increasing legalization of the use of cannabis for medicine and research.Rising awareness about cannabis benefits aided by strong community support.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:Agilent Technologies, Inc., Waters Corporation, Shimadzu Corporation, PerkinElmer, Inc., Millipore Sigma, AB SCIEX LLC, Restek Corporation, Steep Hill Labs, Inc.,SC Laboratories, Inc., PharmLabs, Digipath Labs, Inc., and CannaSafe Analytics.Key Developments in Cannabis Testing Market:In November 2016, Waters Corporation introduced two novel chemistries— CORTECS T3 and CORTECS Shield RP18.
Global Chromatography in Cannabis Testing Market Overview:The first class Chromatography in Cannabis Testing Market report describes a comprehensive insight into the application scope of the Market.
In addition, the industry analysis report comprises details relevant to the Market share obtained by various segments.
The Market report also contains the drivers and restraints for the Chromatography in Cannabis Testing Market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the Market are by systemic company profiles.Besides, essential insights about the fundamental parameters such as the competition trends and Market focusing rate is included in the persuasive Chromatography in Cannabis Testing Market report.
The Market analysis here describes detailing about the Marketing channels accepted by the manufacturers for their products in tandem with the information regarding the traders, distributors, and dealers competing in the Market.
The reliable Chromatography in Cannabis Testing Market document is also helpful in assessing the effectiveness of advertising program and knows the causes of consumer resistance.Available Exclusive Sample Copy of this Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-chromatography-in-cannabis-testing-market .The Global Chromatography in Cannabis Testing Market is expected to grow at a CAGR of 14.50% in the forecast period of 2021 to 2028.According to the market report analysis, Cannabis testing is generally performed by analytical instruments such as gas chromatography, liquid chromatography among others in order to detect active ingredients such as terpene and cannabinoids.
Commercial laboratories all over the developed regions offers dedicated cannabis testing services.Some of most important key factors driving the growth of the Global Chromatography in Cannabis Testing Market are increase in prevalence of tooth loss and growth in edentulous population, rising legalization of medical cannabis, rising adoption of LIMS in cannabis testing laboratories, rising awareness through conferences, symposia, and workshops, rising approval rate for cannabis-based products along with new research and development activities, rising number of cannabis testing laboratories all over the globe.The Global Chromatography in Cannabis Testing Market is segmented on the basis of Test Type, Service Provider, Product and Application.
The global cannabis testing service market expected to reach US$ 3.4 billion by 2027 according to a new study by Polaris Market Research.
The report “Cannabis Testing Service Market Share, Size, Trends, Industry Analysis Report, By Service (Potency Testing, Terpene Profiling, Heavy Metal Testing, Pesticide Screening, Microscopy Testing, Residual Solvent Screening, and Others); By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the growing need to contain drug abuse and adulteration in cannabis, there is a strong need for quality testing labs in developed economies, this acts as a pivotal factor in boosting the sale of cannabis.
Moreover, the positive scenario of scientific literature, clinical trials, and consumer awareness is creating a strong favorable narrative for the market.
The global cannabis testing service industry is fragmented based on service, end-use, and region.
In terms of service, the market is segmented into potency test, terpene profiling, heavy metal test, pesticide screening, microscopy test, residual solvent screening, and others.
In 2017, the semi-automatic strapping machine segment dominated the global market, in terms of revenue.
The rapid growth in the global packaging industry majorly drives the growth of this market.
There has been an increasing demand of strapping machines by small and medium businesses to increase packaging efficiency while reducing costs.
New emerging markets, technological advancements, and increasing adoption by small and medium businesses would provide growth opportunities for strapping machine market in the coming years.
Request for a sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/strapping-machine-market/request-for-sample Asia-Pacific accounted for the highest share in the global strapping machine market during the forecast period.
A significant growth in the consumer goods, and food and beverage industries has been registered over the past few years in the region, thereby supporting the growth of strapping machines in the market.
