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What Is the Growth Rate of the Cannabis Testing Market?

The scale of the cannabis testing market has expanded speedily in the last few years. It’s set to rise from $3.02 billion in 2024 to $3.57 billion in 2025, with a compound annual growth rate (CAGR) of 18.0%. This growth in the historic era is due to the globalization of the cannabis market, concerns over consumer safety, compliance with regulations, assurance of product quality, public health and safety, and transparency in the supply chain.

What Growth Rate Is Forecasted for the Cannabis Testing Market by 2029?

Expectations are high for the cannabis testing market to witness rapid expansion in the following years, rising to a valuation of $7.36 billion in 2029 with a compound annual growth rate (CAGR) of 19.9%. This surge in growth during the projected period could be due to a variety of factors such as further legalization, tighter control measures, quality assurance in cultivation, genetic testing, increased research and development, along with heightened public awareness and education. Key trends expected to shape the forecast period encompass technological enhancements, cultivation attention to quality, microbial inspections, profiling of cannabinoids, and testing for pesticide and residual presence.

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Which Key Companies Are Shaping the Future of the Cannabis Testing Market?

Major companies operating in the cannabis testing market include Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, SGS Canada Inc., Eurofins Scientific SE, Agilent Technologies Inc., Sartorius AG, PerkinElmer Inc., Shimadzu Corporation, Waters Corporation, Ab Sciex LLC, LGC Limited, Tentamus Group, Phenomenex Inc., Saskatchewan Research Council (SRC), Restek Corporation, SC Laboratories, Anresco Labs, Praxis Labs, Accelerated Technology Laboratories Inc., GreenLeaf Lab, ACT Laboratories, PharmLabs LLC, Abko Labs, BelCosta Labs, Medicinal Genomics, CW Analytical Laboratories Inc, DigiPath Inc, CDX Analytics, Steep Hill Halent Laboratories Inc.

Which Factors Are Driving Demand in the Cannabis Testing Industry?

The cannabis testing market is projected to expand due to the increasing utilization of cannabis for medical purposes. Cannabis is known to alleviate tension, muscular issues and reduce nausea and vomiting following chemotherapy, making it a popular therapeutic substance. Its soothing effect on epileptic seizures, as well as, its ability to reduce seizure intensity, increases its healthcare significance. For example, 2.5% of the global population of 147 million consumed cannabis in 2022, as reported by the World Health Organization. Thus, the escalating use of cannabis in the medicinal domain propels the cannabis testing market’s growth.

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How Is the Cannabis Testing Market Segmented by Several Divisions?

The cannabis testing market covered in this report is segmented –

1) By Test Type: Potency Testing, Pesticide Screening, Residual Solvent Screening, Heavy Metal Testing, Terpene Testing, Mycotoxin Testing, Other Test Types

2) By Technology: Chromatography, Spectroscopy, Other Technologies

3) By Portability: Standalone, Hand Held Devices

4) By End User: Testing Laboratories, Drug Manufacturers, Research Institutes, Other End Users

Subsegments:

1) By Potency Testing: THC Testing, CBD Testing, Other Cannabinoids Testing

2) By Pesticide Screening: Herbicide Testing, Insecticide Testing, Fungicide Testing

3) By Residual Solvent Screening: Solvent Class Testing, Total Residual Solvent Analysis

4) By Heavy Metal Testing: Lead Testing, Arsenic Testing, Cadmium Testing, Mercury Testing

5) By Terpene Testing: Major Terpene Profile Analysis, Minor Terpene Analysis

6) By Mycotoxin Testing: Aflatoxin Testing, Ochratoxin Testing, Other Mycotoxins

7) By Other Test Types: Microbial Testing, Moisture Content Testing, Foreign Material Testing

What are the Emerging Market Trends Driving the Growth of the Cannabis Testing Industry?

The primary trend rapidly accelerating in the cannabis testing market is the rise of strategic alliances. Top-tier firms in the sector are engaging in collaborations to bolster their market standing. For instance, in March 2022, Digipath Inc., an American cannabis testing laboratory, formed a partnership with CASPR Technologies, a Nigerian firm engaged in the provision of smart indoor environment technology for healthcare. The objective behind this alliance is for Digipath to evaluate and confirm the performance of CASPR’s technology within botanical applications, especially for cannabis and hemp.

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Which Regions Are Driving Growth in the Cannabis Testing Market?

North America was the largest region in the cannabis testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cannabis testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the cannabis testing market, and how is it changing globally?

2. Who are the major companies in the cannabis testing market, and how are they performing?

3. What are the key opportunities and risks in the cannabis testing market right now?

4. Which products or customer segments are growing the most in the cannabis testing market?

5. What factors are helping or slowing down the growth of the cannabis testing market?

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