IMARC Group, a leading market research company, has recently releases report titled “Cannabis Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032″, The study provides a detailed analysis of the industry, including the global cannabis testing market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the cannabis testing market?
The global cannabis testing market size reached US$ 1,431.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,874.8 Million by 2032, exhibiting a growth rate (CAGR) of 11.35% during 2024-2032.
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Cannabis Testing Market Trends:
The global cannabis testing market is witnessing significant growth, driven by the increasing legalization of cannabis for medical and recreational purposes. Additionally, governments of various nations are implementing strict quality control measures, making it mandatory for cannabis products to undergo comprehensive testing to ensure consumer safety and compliance with standards, which is creating a positive outlook for the market. Furthermore, the rising awareness among consumers about the importance of safe and reliable cannabis products and the emergence of new cannabis-based products, such as edibles, topicals, and concentrates, are accelerating the market growth. In line with this, the development of innovative testing techniques and equipment tailored to the unique requirements of different cannabis products and the burgeoning research and development activities in the cannabis industry are propelling the market growth.
Cannabis Testing Market 2024-2032 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the cannabis testing market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AB Sciex Pte. Ltd
- Accelerated Technology Laboratories Inc.
- Agilent Technologies Inc.
- Digipath Inc.
- Merck KGaA (Sigma Aldrich)
- PerkinElmer Inc.
- Pharmlabs LLC
- Sartorius AG
- SC Laboratories Inc.
- Shimadzu Corporation
- Steep Hill Inc.
- Thermo Fisher Scientific Inc.
- Water Corporation
Key Market Segmentation:
The report has segmented the global cannabis testing market based on product type, test type, end user and region.
Breakup by Product Type:
- Instruments
- Chromatography Instruments
- Spectroscopy Instruments
- Consumables
- Software
Breakup by Test Type:
- Heavy Metal Testing
- Microbial Analysis
- Potency Testing
- Residual Screening
- Others
Breakup by End User:
- Cannabis Cultivators/Growers
- Cannabis Drug Manufacturers
- Others
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
Browse the full report with TOC & List of Figures: https://www.imarcgroup.com/cannabis-testing-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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