Cannabis Testing Market expected to reach USD 1,416.3 million by 2025 from USD 822.0 million in 2016, at a CAGR of 11% of during the forecast period (2021-2027).
The legalization of cannabis for medical purposes will provide new growth avenues for laboratory testing, leading to huge advances in the cannabis testing industry during the forecast period. Additionally, as more and more attention is paid to meet the growing needs of cannabis and cannabis growers, the number of cannabis testing labs installed will increase, leading to the growth of the cannabis testing business in the future.
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Few of the notable industry players operating in global cannabis testing market are Anandia Labs, Anresco, CannaSafe Analytics, CW Analytical Laboratories, Digipath, Eirlab, EVIO, Phytovista Laboratories, Pure Analytics, SC Labs, and Steep Hill.
The global cannabis testing market is broadly divided into two that is test type and end-user. Based on test type, cannabis testing can be segmented into terpene profiling, pesticide screening, potency testing, residual solvent screening, genetic testing, microbial analysis, and heavy metal testing. In terms of end-user, the cannabis testing market can be segmented into laboratories, drug manufacturers, research institutes, and cultivators. Along with this, federal departments are also one of the end-users of the cannabis testing market.
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Scope of the Report
The research study analyzes the global Cannabis Testing industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Cannabis Testing Market Report
1. What was the Cannabis Testing Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Cannabis Testing Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Cannabis Testing Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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