Global Agricultural Testing Market Size, Share and Forecast 2025
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Global Agricultural Testing Market Size study, by sample (soil, water, seed, compost, manure, biosolids and plant tissue) Source (safety testing and quality assurance) Technology (conventional technology and rapid technology) and Regional Forecasts 2018-2025
Global Agricultural Testing Market to reach USD 7.7 billion by 2025.
Global Agricultural Testing Market is valued approximately USD 4.6 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 6.64 % over the forecast period 2018-2025. Increase in outbreaks of food borne illnesses and rapid industrialization leading to the disposable of untreated industrial waste are some key trends that are responsible for the wide adoption of agricultural testing globally. Moreover, growing demand for nutritious food would increase the adoption of agricultural testing as these are used to grow nutritious and health crop.
Global Agricultural Testing market is significantly driven by Increase in outbreaks of foodborne illnesses. According to the Centers for Disease Control and Prevention in November 2018, approximately 48 million get sick and 1,28,000 are hospitalized, 3,000 die from foodborne diseases each year in the United States. Additionally, Salmonella is the most common known cause of hospitalization owing to the food poising in the United States with around 19,000 cases per year. Also, economic burden of foodborne illness is estimated to be around $77.7 billion, that is spent towards health-related costs and loss of productivity. Hence, in order to get rid of foodborne illness the adoption of agricultural treating would increase thereby, aiding the growth of the market over the forecast period of 2018-2025.
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Last Update : 18 March 2019
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|Item Owner : Vidhya Nigam|
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