Cannabis Testing Market Size, Share, Growth Analysis Report By Products & Software, (Instruments, Consumable, LIMS), By Services (Heavy Metal Testing, Microbial Analysis, Potency, Residual Screening), By End-User (Cultivators, Laboratories, Research Institutes), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030


Report Code: CMI10716

Published Date: July 2022

Pages: 165

Category: Medical Devices

Reports Description

With a compound annual growth rate (CAGR) of around 10.5 percent between 2022 and 2030, the size of the global cannabis testing market is expected to increase from its estimated value of USD 1.5 billion in 2021 to USD 3.0 billion by 2030. The report examines the forces that are driving and restraining the cannabis testing industry as well as how they will affect demand throughout the forecast period. The paper also looks at international potential in the cannabis testing sector.

Cannabis Testing Market

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Cannabis Testing Market: Overview

Cannabis testing has many uses, including figuring out the amount of cannabis present in various analytical samples, such as drug samples, and finding contaminants like bacteria and fungi. Additionally, it is done to find trace elements like cadmium and arsenic that, if not regulated, might have harmful impacts on health. Numerous analytical methods, including chromatographic analysis, spectrometry, ELISA, and polymerase chain reaction, are used to carry out these tests (PCR).

Cannabis Testing Market: COVID – 19 Impact Analysis

The newest novel coronavirus, COVID-19, is the infectious disease that it causes. Before the outbreak in Wuhan (China) in December 2019, COVID-19 was largely unknown. Since then, it has transformed from a local issue to a worldwide pandemic. In addition, due to laboratory closures, a decline in the number of cannabis tests conducted, and some restrictions on the import and export of cannabis test products, several market players that provide goods and software to the cannabis testing industry have seen a decline in sales of tools and consumables. These elements have slowed market expansion by causing a fall in the sales of consumables and equipment used in the cannabis testing sector.

Cannabis Testing Market: Growth Drivers

Medical cannabis has been proven to be useful in a number of medical uses, including easing chemotherapy-induced nausea, increasing appetite in AIDS patients, reducing muscular spasms in MS patients, and lowering intraocular pressure in glaucoma patients. Governments in various nations are allowing the use of medical cannabis because of its advantages for health.

The demand for cannabis analytics to assure its safety before human ingestion has grown recently as medical cannabis is allowed in several nations and states across the world. Industry analysts predict that over the next years, the number of cannabis testing labs will increase significantly, largely as a result of the increased legality and uptake of cannabis testing. These patterns point to the rising demand for cannabis testing equipment, software, and analytical services in the upcoming years.

Cannabis Testing Market: Segmentation Analysis

Potency testing services took the industry by storm in 2021 when it came to service types. The main factors driving the market are the expanding use of effective potency testing methods, such as gas chromatography (GC) and high-performance liquid chromatography (HPLC), to test samples, as well as the rising interest in researching the potency of different cannabinoids, particularly CBD (cannabidiol) and tetrahydrocannabinol (THC) in grown cannabis.

Cannabis Testing Market

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Cannabis cultivators dominated the market in 2021 based on end consumers. Due to government regulations on the THC level of cannabis products in many nations, breeders enter into partnerships with testing labs and research facilities. Additionally, according to the CBD and THC content of their plants, these producers must sell various strains of plants to manufacturers and distributors at various costs. These are the main elements promoting the segment’s expansion.

Report Scope

Report Attribute Details
Market Size in 2021 USD 1.5 billion
Projected Market Size in 2030 USD 3 billion
CAGR Growth Rate 10.5% CAGR
Base Year 2021
Forecast Years 2022-2030
Key Market Players Saskatchewan Research Council (SRC), SC Labs, Steep Hill, Inc., SGS Canada Inc., CW ANALYTICAL, and Others
Key Segment By Products & Software’s, Services, End-User, and Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Purchase Options Request customized purchase options to meet your research needs. Explore purchase options

Key Findings:

  • According to our research analyst’s analysis, the cannabis testing market is anticipated to expand annually at a CAGR of about 10.5% throughout the forecast period (2022-2030).
  • The cannabis testing market size was estimated to be worth approximately USD 1.5 billion (2021). The market is expected to grow significantly over the coming years as a result of a number of driving factors.
  • According to end-use segmentation, the cultivator industry is anticipated to have the most market share in 2021.
  • Geographically speaking, the “North America” region generated the most income in 2021.

Recent Development

August 2021 – With the acquisition of pH Solutions, LLC in August 2021, PSI Labs, the top cannabis testing lab in Michigan and a safety compliance facility with ISO 17025 accreditation that provides basic cannabis testing services, expanded to Southern California. One of the first laboratories established in the State of California is pH Solutions, LLC.

Regional Landscape

In 2021, North America had the majority of the market share and is anticipated to expand significantly throughout the projected period. The existence of a significant number of farmers in the area and an increase in testing labs as a result of the government’s rigorous regulations for marijuana growers are the main drivers of the market’s expansion in this area.

Competitive Landscape

With their company profiles, current developments, and important market strategies, the study covers an in-depth competitive analysis of these major market participants for cannabis testing.

The global cannabis testing market is segmented as follows:

By Products & Software’s

  • Instruments
  • Consumable
  • LIMS

By Services

  • Heavy Metal Testing
  • Microbial Analysis
  • Potency
  • Residual Screening

By End-User

  • Cultivators
  • Laboratories
  • Research Institutes

By Geography

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of AsiaPacific
  • The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Cannabis Testing Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Cannabis Testing Market : snapshot
  • Chapter 3. Global Cannabis Testing Market – Industry Analysis
    • 3.1 Cannabis Testing Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Legalization of cannabis use for recreational and medical purposes
      • 3.2.2 Driver 2
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Products & Software’s
      • 3.7.2 Market attractiveness analysis By Services
      • 3.7.3 Market attractiveness analysis By End-User
  • Chapter 4. Global Cannabis Testing Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Cannabis Testing Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Cannabis Testing Market – Products & Software’s Analysis
    • 5.1 Global Cannabis Testing Market overview: By Products & Software’s
      • 5.1.1 Global Cannabis Testing Market share, By Products & Software’s, 2021 and 2030
    • 5.2 Instruments
      • 5.2.1 Global Cannabis Testing Market by Instruments, 2022 – 2030 (USD Billion)
    • 5.3 Consumable
      • 5.3.1 Global Cannabis Testing Market by Consumable, 2022 – 2030 (USD Billion)
    • 5.4 LIMS
      • 5.4.1 Global Cannabis Testing Market by LIMS, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Cannabis Testing Market – Services Analysis
    • 6.1 Global Cannabis Testing Market overview: By Services
      • 6.1.1 Global Cannabis Testing Market share, By Services, 2021 and 2030
    • 6.2 Heavy Metal Testing
      • 6.2.1 Global Cannabis Testing Market by Heavy Metal Testing, 2022 – 2030 (USD Billion)
    • 6.3 Microbial Analysis
      • 6.3.1 Global Cannabis Testing Market by Microbial Analysis, 2022 – 2030 (USD Billion)
    • 6.4 Potency
      • 6.4.1 Global Cannabis Testing Market by Potency, 2022 – 2030 (USD Billion)
    • 6.5 Residual Screening
      • 6.5.1 Global Cannabis Testing Market by Residual Screening, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Cannabis Testing Market – End-User Analysis
    • 7.1 Global Cannabis Testing Market overview: By End-User
      • 7.1.1 Global Cannabis Testing Market share, By End-User, 2021 and 2030
    • 7.2 Cultivators
      • 7.2.1 Global Cannabis Testing Market by Cultivators, 2022 – 2030 (USD Billion)
    • 7.3 Laboratories
      • 7.3.1 Global Cannabis Testing Market by Laboratories, 2022 – 2030 (USD Billion)
    • 7.4 Research Institutes
      • 7.4.1 Global Cannabis Testing Market by Research Institutes, 2022 – 2030 (USD Billion)
  • Chapter 8. Cannabis Testing Market – Regional Analysis
    • 8.1 Global Cannabis Testing Market Regional Overview
    • 8.2 Global Cannabis Testing Market Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Cannabis Testing Market, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Cannabis Testing Market, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Cannabis Testing Market, by Products & Software’s, 2022 – 2030
      • 8.4.1 North America Cannabis Testing Market, by Products & Software’s, 2022 – 2030 (USD Billion)
    • 8.5 North America Cannabis Testing Market, by Services, 2022 – 2030
      • 8.5.1 North America Cannabis Testing Market, by Services, 2022 – 2030 (USD Billion)
    • 8.6 North America Cannabis Testing Market, by End-User, 2022 – 2030
      • 8.6.1 North America Cannabis Testing Market, by End-User, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Cannabis Testing Market, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Cannabis Testing Market, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Cannabis Testing Market, by Products & Software’s, 2022 – 2030
      • 8.8.1 Europe Cannabis Testing Market, by Products & Software’s, 2022 – 2030 (USD Billion)
    • 8.9 Europe Cannabis Testing Market, by Services, 2022 – 2030
      • 8.9.1 Europe Cannabis Testing Market, by Services, 2022 – 2030 (USD Billion)
    • 8.10 Europe Cannabis Testing Market, by End-User, 2022 – 2030
      • 8.10.1 Europe Cannabis Testing Market, by End-User, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Cannabis Testing Market, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Cannabis Testing Market, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Cannabis Testing Market, by Products & Software’s, 2022 – 2030
      • 8.12.1 Asia Pacific Cannabis Testing Market, by Products & Software’s, 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Cannabis Testing Market, by Services, 2022 – 2030
      • 8.13.1 Asia Pacific Cannabis Testing Market, by Services, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Cannabis Testing Market, by End-User, 2022 – 2030
      • 8.14.1 Asia Pacific Cannabis Testing Market, by End-User, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Cannabis Testing Market, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Cannabis Testing Market, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Cannabis Testing Market, by Products & Software’s, 2022 – 2030
      • 8.16.1 Latin America Cannabis Testing Market, by Products & Software’s, 2022 – 2030 (USD Billion)
    • 8.17 Latin America Cannabis Testing Market, by Services, 2022 – 2030
      • 8.17.1 Latin America Cannabis Testing Market, by Services, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Cannabis Testing Market, by End-User, 2022 – 2030
      • 8.18.1 Latin America Cannabis Testing Market, by End-User, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Cannabis Testing Market, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Cannabis Testing Market, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Cannabis Testing Market, by Products & Software’s, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Cannabis Testing Market, by Products & Software’s, 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Cannabis Testing Market, by Services, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Cannabis Testing Market, by Services, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Cannabis Testing Market, by End-User, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Cannabis Testing Market, by End-User, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Saskatchewan Research Council (SRC)
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 SC Labs
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Steep Hill Inc.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 SGS Canada Inc.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 CW ANALYTICAL
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Cannabis Testing Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Cannabis Testing Market attractiveness, By Products & Software’s
  • 6. Global Cannabis Testing Market attractiveness, By Services
  • 7. Global Cannabis Testing Market attractiveness, By End-User
  • 8. Global Cannabis Testing Market share by Products & Software’s, 2022 and 2030 (USD Billion)
  • 9. Global Cannabis Testing Market by Instruments, 2022 – 2030 (USD Billion)
  • 10. Global Cannabis Testing Market by Consumable, 2022 – 2030 (USD Billion)
  • 11. Global Cannabis Testing Market by LIMS, 2022 – 2030 (USD Billion)
  • 12. Global Cannabis Testing Market share by Services, 2022 and 2030 (USD Billion)
  • 13. Global Cannabis Testing Market by Heavy Metal Testing, 2022 – 2030 (USD Billion)
  • 14. Global Cannabis Testing Market by Microbial Analysis, 2022 – 2030 (USD Billion)
  • 15. Global Cannabis Testing Market by Potency, 2022 – 2030 (USD Billion)
  • 16. Global Cannabis Testing Market by Residual Screening, 2022 – 2030 (USD Billion)
  • 17. Global Cannabis Testing Market share by End-User, 2022 and 2030 (USD Billion)
  • 18. Global Cannabis Testing Market by Cultivators, 2022 – 2030 (USD Billion)
  • 19. Global Cannabis Testing Market by Laboratories, 2022 – 2030 (USD Billion)
  • 20. Global Cannabis Testing Market by Research Institutes, 2022 – 2030 (USD Billion)
  • 21. Global Cannabis Testing Market share, by Region, 2022 and 2030
  • 22. North America Cannabis Testing Market, 2022 – 2030 (USD Billion)
  • 23. Europe Cannabis Testing Market, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Cannabis Testing Market, 2022 – 2030 (USD Billion)
  • 25. Latin America Cannabis Testing Market, 2022 – 2030 (USD Billion)
  • 26. The Middle-East and Africa Cannabis Testing Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Cannabis Testing Market: Snapshot
  • 2. Drivers of the Cannabis Testing Market: impact analysis
  • 3. North America Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 4. North America Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 5. North America Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 6. U.S. Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 7. U.S. Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 8. U.S. Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 9. Canada Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 10. Canada Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 11. Canada Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 12. Europe Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 13. Europe Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 14. Europe Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 15. Germany Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 16. Germany Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 17. Germany Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 18. France Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 19. France Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 20. France Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 21. U.K. Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 22. U.K. Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 23. U.K. Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 24. Italy Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 25. Italy Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 26. Italy Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 27. Spain Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 28. Spain Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 29. Spain Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 30. Rest of Europe Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 31. Rest of Europe Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 32. Rest of Europe Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 33. Asia Pacific Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 34. Asia Pacific Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 35. Asia Pacific Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 36. China Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 37. China Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 38. China Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 39. Japan Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 40. Japan Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 41. Japan Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 42. India Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 43. India Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 44. India Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 45. South Korea Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 46. South Korea Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 47. South Korea Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 48. South-East Asia Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 49. South-East Asia Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 50. South-East Asia Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 51. Rest of Asia Pacific Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 52. Rest of Asia Pacific Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 53. Rest of Asia Pacific Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 54. Latin America Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 55. Latin America Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 56. Latin America Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 57. Brazil Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 58. Brazil Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 59. Brazil Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 60. Mexico Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 61. Mexico Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 62. Mexico Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 63. Rest of Latin America Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 64. Rest of Latin America Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 65. Rest of Latin America Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 66. The Middle-East and Africa Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 67. The Middle-East and Africa Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 68. The Middle-East and Africa Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 69. GCC Countries Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 70. GCC Countries Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 71. GCC Countries Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 72. South Africa Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 73. South Africa Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 74. South Africa Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
  • 75. Rest of Middle-East Africa Cannabis Testing Market revenue, By Products & Software’s, 2022 – 2030 (USD Billion)
  • 76. Rest of Middle-East Africa Cannabis Testing Market revenue, By Services, 2022 – 2030 (USD Billion)
  • 77. Rest of Middle-East Africa Cannabis Testing Market revenue, By End-User, 2022 – 2030 (USD Billion)
Report Segmentation

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

List of the prominent players in the Global Cannabis Testing Market:

  • Saskatchewan Research Council (SRC)
  • SC Labs
  • Steep Hill, Inc.
  • SGS Canada Inc.
  • CW ANALYTICAL

FAQs

“North America” region will lead the global cannabis testing market during the forecast period 2022 to 2030.

The key factors driving the market is the legalization of cannabis use for recreational and medical purposes will be the primary force behind future market trends.

The key players operating in the cannabis testing market are Saskatchewan Research Council (SRC), SC Labs, Steep Hill, Inc., SGS Canada Inc., CW ANALYTICAL, and Others.

The global cannabis testing market is expanding growth with a CAGR of approximately 10.5% during the forecast period (2022 to 2030).

The global cannabis testing market size was valued at US$ 1.5 billion in 2021 and it is projected to reach around US$ 3 billion by 2030.

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