Cannabis Testing Market Report Overview
MMR provides a brief description of Cannabis Testing industry. It includes a detailed analysis of the “ Cannabis Testing market ” that highlights standard topics and customizes the data as needed. This overview help investors to understand the situation in the Cannabis Testing industry.
Cannabis Testing Market Report Scope and Research Methodology
The Cannabis Testing market report outlines the current and historical growth patterns of the market, along with the state of the market CAGR, market size, forecast and revenue share, and trends price. The Cannabis Testing market report includes industry-specific challenges, lucrative opportunities, and technical advancements that help key players increase revenue and growth. The report covers current and future trends that are driving the development of the Cannabis Testing market. The report includes the competitive landscape along with future technical and financial details of the Cannabis Testing industry. Company profiles, capacity, manufacturing, price, cost, revenue and statistics are also included in the Cannabis Testing market report along with their SWOT analysis including strengths, weaknesses, opportunities and threats. The bottom-up approach has been used to estimate the Cannabis Testing market size by value and volume. All the information has been found by using primary and secondary research methods for the Cannabis Testing market report.
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Cannabis Testing Market Regional Insights
This section in the Cannabis Testing market report includes a detailed analysis of all the regions including North America, Asia Pacific, Europe, South America and the Middle East and Africa with their key countries. An in-depth analysis of trends and Cannabis Testing key players in each region with detailed information on their revenue and business is included in the report.
Cannabis Testing Market Segmentation
With a revenue share of 23.7% in 2022, potency testing services took the market’s top spot by service type. The market is primarily being driven by a rise in the demand for analyzing the potency of different cannabinoids, particularly CBD (Cannabidiol) and Tetra hydro cannabinol (THC) in grown cannabis, as well as a rise in the use of effective potency testing methods like Gas Chromatography (GC) and High-Performance Liquid Chromatography (HPLC) for testing samples.
The Cannabis farmers and cultivators, who accounted for 64.2% of total sales in 2022, held the majority of the market’s income by end-user. Growers are entering into agreements with testing labs as a result of official restrictions on the quantity of THC that may be found in cannabis products in several countries.
1 Global Cannabis Testing Market, by Service Type (2022-2029)
• Potency Testing
• Terpene Profiling
• Heavy Metal Testing
• Pesticide Screening
• Microscopy Testing
• Residual Solvent Screening
2 Global Cannabis Testing Market, by End-user (2022-2029)
• Cannabis Drug Manufacturers
• Cannabis Cultivators/Growers
• Others (Research Institutes & Labs)
3 Global Cannabis Testing Market, by Technology (2022-2029)
o Liquid Chromatography
o Gas Chromatography
o Mass Spectrometry
o Atomic Spectrometry
Cannabis Testing Market Key Competitors include
• Saskatchewan Research Council (SRC) • SC Labs • Steep Hill, Inc. • SGS Canada Inc. • CW ANALYTICAL • PharmLabs • GreenLeaf Lab • Agilent Technologies Inc. • Shimadzu Scientific Instruments • Merck KGaA • Restek Corporation • PerkinElmer Inc., • Danaher Corporation • Accelerated Technology Laboratories Inc. • Steep Hill Halent Laboratories Inc. • Digipath Inc. • Pharmlabs LLC.
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report:
• Market Share, Size & Forecast by Revenue | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by Segment, sub-segments and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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