Europe Soil Fertility Testing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Test Type (Physical, Chemical, and Biological) and Method (Onsite and Offsite/Laboratory)

Offsite/Laboratory Segment to dominate Europe Soil Fertility Testing Market during 2020-2028

According to a new market research study on “Europe Soil Fertility Testing Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Test Type and Method,” is expected to reach US$ 2,291.62 million by 2028 from US$ 1,737.60 million in 2021. The market is estimated to grow at a CAGR of 4% from 2021 to 2028. The report provides trends prevailing in the Europe soil fertility testing market along with the drivers and restraints pertaining to the market growth. Burgeoning demand to boost agricultural productivity, forcible government regulations pertaining to the nutrient content of crops to boost market growth, and arising technologies to improve soil fertility are the major factor driving the growth of the Europe soil fertility testing market. However, dearth of awareness among farmers hinder the growth of Europe soil fertility testing market.

In Europe, as per the recent data, Russia has recorded the highest number of COVID-19 cases. Other than this, Spain, Germany, France, and the UK have also been hit hard and are expected to suffer an economic hit due to the lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact the market growth in Europe.

The Europe soil fertility testing market is segmented based on test type, method, and country. Based on test type, the market is segmented into physical, chemical and biological. In 2020, the chemical segment held the largest share in the market and the same segment is expected to be the fastest growing during the forecast period. Based on method the market is segmented into onsite and offsite/laboratory. In 2020, the offsite/laboratory segment held the largest market share and it is also expected to the fastest growing segment over the forecast period. Similarly, Based on country market is segmented into Germany, France, Italy, UK, Russia, and Rest of Europe. In 2020, the Germany held the largest market share and the UK is expected to the fastest growing country over the forecast period.

SGS SA; Eurofins Scientific; ALS; Agrocares; and AGROLAB GmbH are among the leading companies in the Europe soil fertility testing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, AGROLAB GmbH went for expansion of the laboratory area of AGROLAB Agrar und Umwelt GmbH in Kiel, Germany, from 2.500m² to 7.500m². This expansion will be profitable for the company and will help in catering to increasing consumer demand

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• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe soil fertility testing market
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• The key findings and recommendations highlight crucial progressive industry trends in the Europe soil fertility testing market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the soil fertility testing market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution