The importance of soil testing services in the agriculture sector will spur market revenue growth in the coming decade.
Albany, NY -- (SBWIRE) -- 12/22/2017 -- The most important part of any plants' environment is the earth in which they are planted. Soil testing is perhaps the most important factor that determines whether or not the plants will thrive or struggle. In recent years, farmers have come to trust on the high-quality soil to improve their crop yield and ensure a sustained production of food crops to meet the needs of a growing global population. There is hence a need for efficient soil testing, inspection, and certification services that can check the quality of the soil. In order to present an unbiased view of the global soil testing, inspection, and certification market, a new study titled "Soil Testing, Inspection, and Certification Market: Global Industry Analysis 2012- 2016 and Opportunity Assessment 2017-2027" has been publicized to the wide repository of Market Research Hub (MRH). In this 377-page report, the market is explored in detail, and the market dynamics of the global soil testing, inspection and certification market have been enclosed comprehensively, explaining to the report readers the drivers, restraints and trends operating in this highly competitive market.
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In the initial section, the report begins with a brief executive summary that presents the market overview, market analysis and forecast, as well as recommendations to key stakeholders in the global soil testing, inspection, and certification market. It has been analyzed that the importance of soil testing services in the agriculture sector will spur market revenue growth in the coming decade. Also, the study has projected global market to rise at a notable CAGR of 5% between 2017 and 2027.
For a clear understanding, the market has been segmented on the basis of test type, end-use, service and region. Major end-user mentioned in the study include residential, Landscape Contractors, Gardens and Lawns, Commercial, Golf Courses, Agriculture and others. Of these, the analysts find that agriculture segment will reach a market valuation in excess of US$ 1,100 Mn by the end of 2017 and will witness a growth rate of 5.3% during the mentioned forecast period. The other commercial end-use segments such as Landscape Contractors and Golf Courses will witness moderate to good growth during the forecast period.
Moreover, on the basis of geography, the market has been analyzed in North America, Eastern Europe, Western Europe, Latin America, APEJ, MEA and Japan. Presently, North America region dominates the market with maximum revenue growth. There is a growing need to maintain the quality of golf lawns, and this involves continuous preservation through soil testing and follow-up solutions. The U.S. accounts for a major share of golf courses across the globe and this factor is boosting the demand for soil testing, inspection, and certification services in the North America region.
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Later, an important section of the report is based on the competitive landscape which provides a dashboard view of the top companies operating in the global soil testing, inspection and certification market along with detailed company profiles.
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