Asia Pacific 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)

TIPRE00024127 | Pages: 85 | Food and Beverages | Aug 2021 | Type: Regional | Status: Published

Market Introduction

Asia Pacific comprises of rapidly growing economies such as China, India, Japan, South Korea, and Australia. There are various regulations and government policies that are focusing on soil and nutrient management in the region. The Vision and Strategic Plan for ASEAN Cooperation in Food, Agriculture and Forestry (2016-2025) includes the following objectives – ensuring food security, better nutrition, and food safety; and increasing resilience and contributing to the mitigation of natural disasters, climate change, and other shocks. The divisions of implementation framework include technology packages, decision support systems, delivery systems, and regulatory functions. This framework promotes the use of soil fertility test kits as well as mobile labs that would provide on-the-spot soil fertility assessment services for soil-specific nutrient management. Asia Pacific is facing a major issue of excessive soil loss due to deforestation, agricultural development, and high pressure on soil, mainly caused by the expansion of urban areas and industrial sector. There are various factors under agricultural development, which is leading to soil pollution such as irrigation, agroplastics, the use of agrochemicals (pesticides and fertilizers), and the use of antibiotics and drugs in livestock production.  Asia-Pacific is one of the regions having the largest land area and population, and it is also the world’s largest producer and consumer of agrochemicals such as pesticides and fertilizers. According to FAO (2017), the pesticide volumes used per hectare of agricultural land in Asia Pacific countries are above the global average. Moreover, farmers in these countries are using more fertilizers than the recommended quantities, which is due to the lack of knowledge regarding fertilization application rates. Such extensive consumption of agrochemicals is one of the major factors causing soil pollution. Thus, proper guidance can be provided to them by performing fertility tests on the soil from their fields, which is propelling the demand for soil fertility testing solutions and services in Asia Pacific.

The COVID-19 outbreak is anticipated to cause a significant economic loss in Asia-Pacific, especially in developing countries such as India. The consequences and impact can be even worse and totally depends on the spread of the virus. The governments of various Asia-Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which has negatively impacted the revenue generated by the market. The governments have asked the manufacturers to delay their production which will adversely affect the agriculture sector. For instance, the three-week lockdown period in India coincided with the harvesting of rabi crops such as wheat, mustard, and pulses. Farmers did not have enough workers to harvest due to their relocation to their native lands. They had inadequate logistical support to market the products, and they experienced a lag in government minimum support price operations. This has hampered both pre-and post-harvest operations for the agricultural sector in India.


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Market Overview and Dynamics

The soil fertility testing market in Asia Pacific is expected to grow from US$ 897.04 million in 2021 to US$ 1,248.90 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The application of fertilizers, especially the synthetic ones, leads to liberation of harmful gases into the atmosphere, which harms the environment. As a result, various countries have imposed several rules to prohibit the emission of such harmful gases into the atmosphere. For instance, the Food and Drug Administration (FDA) regulates domestic and imported food products that are marketed in interstate commerce; it ensures the safety, hygiene, nutritional content, wholesomeness of food as well as the appropriateness of product labels. In addition, the Agricultural Operations Regulation (2002) aims to address the problem of diffuse pollution caused by agricultural activities by ensuring the effective balance of phosphorus in the soil to preserve soil fertility and reduce losses from excessive manure application. The regulation also encompasses standards for livestock structure and manure management as well as land-use regulations to limit water pollution. Soil fertility testing provides information about soil health and proper nutrition required by crops, as well as information on chemicals applied to soil and their effects on the same. Soil contamination is projected to have a detrimental impact on the native ecology, including plants and humans. Toxic substances in the soil can degrade soil fertility and diminish soil yield. Such soils, if utilized to grow fruits and vegetables, the yield would lack critical nutrients and may contain dangerous compounds that can cause major health concerns. Moreover, at the time of export, crop nutritional values must be checked as they should meet the requirements set by various governments. Thus, soil fertility testing is significant to avoid such consequences by estimating soil fertility. Therefore, the stringent government regulations pertaining to the nutrient content of food products stimulates the soil fertility testing market growth.

Key Market Segments

In terms of test type, the chemical segment accounted for the largest share of the Asia Pacific soil fertility testing market in 2020. Further In term of method, the offsite/laboratory segment held a larger market share of the soil fertility testing market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the soil fertility testing market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are SGS SA; Eurofins Scientific; ALS; Agrocares; and Polytest Laboratories among others.

Reasons to buy report

  • To understand the Asia Pacific soil fertility testing market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific soil fertility testing market
  • Efficiently plan M&A and partnership deals in Asia Pacific soil fertility testing market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific soil fertility testing market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.

Asia Pacific Soil Fertility Testing Market Segmentation

Asia Pacific Soil Fertility Testing Market – By Test Type

  • Physical
  • Chemical
  • Biological

Asia Pacific Soil Fertility Testing Market – By Method

  • Onsite
  • Offsite/Laboratory

Asia Pacific Soil Fertility Testing Market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

 

Asia Pacific Soil Fertility Testing Market – Companies Mentioned

  • SGS SA                                                                         
  • Eurofins Scientific                                                     
  • ALS            
  • Polytest Laboratories                                                
  • Agrocares           

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

1.3.1        Asia Pacific Soil Fertility Testing Market, by Test Type

1.3.2        Asia Pacific Soil Fertility Testing Market, by Method

1.3.3        Asia Pacific Soil Fertility Testing Market, by Country

2.          Key Takeaways

3.          Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection

3.2.2        Primary Interviews

3.2.3        Hypothesis Formulation

3.2.4        Macro-economic Factor Analysis

3.2.5        Developing Base Number

3.2.6        Data Triangulation

3.2.7        Country Level Data

4.          Asia Pacific Soil Fertility Testing Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.3        Expert Opinion

5.          Asia Pacific Soil Fertility Testing Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Rigorous Government Regulations Pertaining to the Nutrient Content of Crops to Boost Market Growth

5.1.2        Growing Demand to Boost Agricultural Productivity in Developing Regions

5.2        Market Restraints

5.2.1        Inadequate Awareness Among Farmers

5.3        Market Opportunities:

5.3.1        Expanding Outbreak Of Food-Borne Diseases

5.4        Future Trends:

5.4.1        Emergent Technologies to Improve Soil Fertility

5.5        Impact Analysis of Drivers and Restraints

6.          Asia Pacific Soil fertility testing – Market Analysis

6.1        Asia Pacific Soil Fertility Testing Market Overview

6.2        Asia Pacific Soil Fertility Testing Market –Revenue and Forecast To 2028 (US$ Million)

7.1        Overview

7.2        Asia Pacific: Soil Fertility Testing Market, By Test Type

7.3        Physical

8.1        Overview

8.1.1        Asia Pacific: Soil Fertility Testing Market, by Method

8.2        Onsite

8.2.1        Overview

8.3        Offsite/ Laboratory

8.3.1        Overview

8.3.2        Offsite/ Laboratory: Soil Fertility Testing Market, Revenue And Forecast To 2028 (US$ Million)

9.          Asia Pacific Soil Fertility Testing Market – Country Analysis

9.1        Overview

9.1.1        Asia Pacific: Soil Fertility Testing Market, by Key Country

9.1.1.1          Australia: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          Australia: Soil Fertility Testing Market, by Test Type

9.1.1.1.2          Australia: Soil Fertility Testing Market, by Method

9.1.1.2          China: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          China: Soil Fertility Testing Market, by Test Type

9.1.1.2.2          China: Soil Fertility Testing Market, by Method

9.1.1.3          Japan: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Japan: Soil Fertility Testing Market, by Test Type

9.1.1.3.2          Japan: Soil Fertility Testing Market, by Method

9.1.1.4          India: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          India: Soil Fertility Testing Market, by Test Type

9.1.1.4.2          India: Soil Fertility Testing Market, by Method

9.1.1.5          South Korea: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1          South Korea: Soil Fertility Testing Market, by Test Type

9.1.1.5.2          South Korea: Soil Fertility Testing Market, by Method

9.1.1.6          Rest of Asia Pacific: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1          Rest of Asia Pacific: Soil Fertility Testing Market, by Test Type

9.1.1.6.2          Rest of Asia Pacific: Soil Fertility Testing Market, by Method

10.       Asia Pacific Soil Fertility Testing Market – Impact of COVID-19

10.1      Impact Assessment of COVID-19 Pandemic

11.       Industry Landscape

11.1      Product & Service Launch

11.2      Merger & Acquisition

11.3      Expansion

12.       Company Profiles

12.1      SGS SA

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Eurofins Scientific

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      ALS

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Agrocares

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Polytest Laboratories

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

13.       Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms

LIST OF TABLES

Table 1.            Asia Pacific Soil Fertility Testing Market –Revenue and Forecast To 2028 (US$ Million)

Table 2.            Australia Soil Fertility Testing Market, by Test Type – Revenue and Forecast to 2028 (USD Million)

Table 3.            Australia Soil Fertility Testing Market, by Method – Revenue and Forecast to 2028 (USD Million)

Table 4.            China Soil Fertility Testing Market, by Test Type – Revenue and Forecast to 2028 (USD Million)

Table 5.            China Soil Fertility Testing Market, by Method – Revenue and Forecast to 2028 (USD Million)

Table 6.            Japan Soil Fertility Testing Market, by Test Type – Revenue and Forecast to 2028 (USD Million)

Table 7.            Japan Soil Fertility Testing Market, by Method – Revenue and Forecast to 2028 (USD Million)

Table 8.            India Soil Fertility Testing Market, by Test Type – Revenue and Forecast to 2028 (USD Million)

Table 9.            India Soil Fertility Testing Market, by Method – Revenue and Forecast to 2028 (USD Million)

Table 10.          South Korea Soil Fertility Testing Market, by Test Type – Revenue and Forecast to 2028 (USD Million)

Table 11.          South Korea Soil Fertility Testing Market, by Method - Revenue and Forecast to 2028 (USD Million)

Table 12.          Rest of Asia Pacific Soil Fertility Testing Market, by Test Type – Revenue and Forecast to 2028 (USD Million)

Table 13.          Rest of Asia Pacific Soil Fertility Testing Market, by Method – Revenue and Forecast to 2028 (USD Million)

Table 14.          Glossary of Terms, Soil Fertility Testing Market

LIST OF FIGURES

Figure 1.           Asia Pacific Soil Fertility Testing Market Segmentation

Figure 2.           Asia Pacific Soil Fertility Testing Market Segmentation – By Country

Figure 3.           Asia Pacific Soil Fertility Testing Market Overview

Figure 4.           Chemical Segment Held Largest Share of Asia Pacific Soil Fertility Testing Market

Figure 5.           China Held Largest Share of Asia Pacific Soil Fertility Testing Market

Figure 6.           Asia Pacific Soil Fertility Testing Market, Industry Landscape

Figure 7.           Asia-Pacific: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Soil Fertility Testing Market Impact Analysis of Driver and Restraints

Figure 10.        Asia Pacific: Soil Fertility Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 11.        Asia Pacific: Soil Fertility Testing Market Revenue Share, by Test Type (2020 and 2028)

Figure 12.        Physical: Soil Fertility Testing Market, Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Chemical: Soil Fertility Testing Market, Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Biological: Soil Fertility Testing Market, Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Asia Pacific: Soil Fertility Testing Market Revenue Share, by Method (2020 and 2028)

Figure 16.        Onsite: Soil Fertility Testing Market, Revenue and Forecast To 2028 (US$ Million)

Figure 17.        Offsite/ Laboratory: Soil Fertility Testing Market, Revenue And Forecast To 2028 (US$ Million)

Figure 18.        Geographic Overview of Asia Pacific Soil Fertility Testing Market

Figure 19.        Asia Pacific: Soil Fertility Testing Market Revenue Share, by Key Country (2020 and 2028)

Figure 20.        Australia: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        China: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Japan: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        India: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        South Korea: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Rest of Asia Pacific: Soil Fertility Testing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

 

  1. SGS SA                                                                         
  2. Eurofins Scientific                                                     
  3. ALS            
  4. Polytest Laboratories                                                
  5. Agrocares          
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific soil fertility testing market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific 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 Asia Pacific 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  
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