Plant Nutrient Testing Equipment Market Size, Share, Trends, Growth 2030

Plant Nutrient Testing Equipment Industry Prospective:

The global plant nutrient testing equipment market size was evaluated at $13.2 billion in 2022 and is slated to hit $16.3 billion by the end of 2030 with a CAGR of nearly 7.89% between 2023 and 2030.

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Plant Nutrient Testing Equipment Market: Overview

Plant nutrient testing equipment is mainly utilized for measuring the proportion of nutrients in the plants. Furthermore, it plays a pivotal role in plant growth along with finding large-scale applications in the nutrition procedures. Technologically new equipment helps in defining the recent value of the nutrients without impacting the plant growth.

Key Insights

• As per the analysis shared by our research analyst, the global plant nutrient testing equipment market is projected to expand annually at the annual growth rate of around 7.89% over the forecast timespan (2023-2030)
• In terms of revenue, the global plant nutrient testing equipment market size was evaluated at nearly $13.2 billion in 2022 and is expected to reach $16.3 billion by 2030.
• The global plant nutrient testing equipment market is anticipated to grow rapidly over the forecast timeline owing to escalating demand for retaining nutrient quality.
• In terms of modality, the bench-top segment is slated to register the highest CAGR over the analysis period.
• Based on application, the safety testing segment is slated to register rapid growth in the upcoming years.
• Region-wise, the North American plant nutrient testing equipment industry is projected to register the fastest CAGR during the assessment timeline.

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Plant Nutrient Testing Equipment Market: Growth Factors

Humungous need for maintaining the nutritive quality of plants to embellish the global market trends

Escalating demand for retaining nutrient quality is predicted to pave the way for the growth of the global plant nutrient testing equipment market. Swift technological innovations in the farming sector will expand the scope of growth of the market space globally. Strict laws pertaining to food safety have forced the players to opt for nutrient testing in government labs for testing crop quality and this has proliferated the size of the global market. A prominent increase in research activities related to plant nutrient testing devices will promulgate the expansion of the market globally. Launching of new products has contributed majorly towards the expansion of the global market revenue. For instance, in October 2022, Penomex Inc., a key manufacturer of lab & industrial meters devices, launched a new kind of plant test meters, plant nutrition analyzers, and plant synthesis meters.

Plant Nutrient Testing Equipment Market: Restraints

High product costs to hinder the expansion of the global industry over 2023-2030

Huge costs of the product can put brakes on the global plant nutrient testing equipment industry expansion in the years ahead.  Disruption of supply chain activities can hinder the global industry surge over the forecast timeline.

Plant Nutrient Testing Equipment Market: Opportunities

Easy access to cultivable land for increasing the crop output to open new growth avenues for the global market

Easy availability of arable land and the need for enhancing crop yield is likely to translate into a huge demand for plant nutrient testing equipment in the agriculture sector. This, in turn, will embellish the expansion of the global plant nutrient testing equipment market in the years ahead.

Plant Nutrient Testing Equipment Market: Challenges

Stringent laws implemented by many governments can prove to be a huge challenge for the global industry

Strict rules enforced by various governments concerning the use of the product can prove to be a huge challenge in the growth of the global plant nutrient testing equipment industry. Rise in raw material costs can further prove to be detrimental to the growth of the global industry.

Plant Nutrient Testing Equipment Market: Segmentation

The global plant nutrient testing equipment market is sectored into modality, application, and region.                  

In modality terms, the global plant nutrient testing equipment market is segregated into bench-top and portable segments. Furthermore, the bench-top segment, which acquired nearly 59% of the global market revenue in 2022, is set to register the fastest growth rate in the upcoming timeframe. The growth of the segment during the estimated timeline can be a result of a rise in the demand for bench-top equipment in farming activities.

Based on the application, the global plant nutrient testing equipment industry is sectored into quality assurance and safety testing segments. Moreover, the safety testing segment, which accumulated a major global industry share in 2022, is predicted to lead the global industry over the anticipated timespan. The segmental surge over the forecast period can be a result of the massive use of the product for the purpose of safety testing.

Plant Nutrient Testing Equipment Market: Report Scope

 Plant Nutrient Testing Equipment Market: Regional Insights

Asia-Pacific is predicted to maintain its dominant position in the global plant nutrient testing equipment market over the analysis timeline

Asia-Pacific, which accounted for about 59% of the global plant nutrient testing equipment market revenue in 2022, will be a dominating sub-continent over the prognosis timeline. In addition to this, the regional market surge can be credited to the rise in farming activities in both emerging economies as well as developed countries. The presence of key players in the region will steer the expansion of the regional market players.

The North American plant nutrient testing equipment industry is set to register the fastest CAGR in the ensuing years owing to an increase in the demand for plant nutrient testing devices in the agriculture sector in countries such as Canada and the U.S.

 Plant Nutrient Testing Equipment Market: Competitive Space

The global plant nutrient testing equipment market profiles key players such as:

• Penomex Inc.
• Bay Spec Inc.
• Agilent Technologies Inc.
• Biochrom
• Max Electronics
• Bruker Incorporation
• Invitro Biotech Ltd.
• GBC Scientific LLC
• Cecil Instruments

The global plant nutrient testing equipment market is segmented as follows:

By Modality

• Bench-Top
• Portable

By Application

• Quality Assurance
• Safety Testing

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa