Global Cannabis Testing Market was valued at US$ 1.41 Bn. in 2021. The Global Cannabis Testing Market size is estimated to grow at a CAGR of 12.7% over the forecast period.

Cannabis Testing Market Overview:

The goal of this study is to provide an overview of the Cannabis Testing industry as well as a detailed market segmentation by segments and geographies. The report contains critical information on the market positions of the top Cannabis Testing firms, as well as important industry trends and opportunities.

The study also contains company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information for the leading industry players in the Global Cannabis Testing market. This research looks into global, regional, and corporate market trends, volume, and value. This study examines the whole Cannabis Testing Market Size from a worldwide standpoint, evaluating historical data and generating estimates.

Market Scope:

Following the completion of market engineering, which included market statistics computations, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Both top-down and bottom-up approaches, as well as several data triangulation methods, were often used throughout the market engineering process to get a market evaluation and predictions for the overall market segments and sub-segments included in the Cannabis Testing market study. To give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.

Top-down and bottom-up approaches are used to validate the market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.

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Segmentation:

With a revenue share of 23.7 percent in 2021, potency testing services took the market's top spot in terms of service type. The market is primarily being driven by a rise in the demand for analysing 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.

Key Players:

• 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.

Inorganic growth tactics cited in the industry included acquisitions, partnerships, and collaborations. Because of increased demand, industry participants in the Cannabis Testing market are projected to benefit from excellent future growth opportunities. The following are a few firms involved in the global Cannabis Testing industry.

Regional Analysis:

After studying the political, economic, social, and technical elements impacting the Cannabis Testing market in various regions, the report offers a detailed PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, and the Middle East, Africa, and South America.

COVID-19 Impact Analysis on Cannabis Testing Market:

Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their plans to account for changing market supply. This report provides an overview of the COVID-19's influence on the Cannabis Testing market and will assist you in developing your business in accordance with the new industry standards.

Key Questions Answered in the Cannabis Testing Market Report are:

  • What will be the CAGR of the Cannabis Testing market during the forecast period?
  • In the Cannabis Testing industry, which market category emerged as the market leader?
  • Who are the main market participants in Cannabis Testing ?
  • What will the size of the Cannabis Testing market be in 2027?
  • Which company dominated the Cannabis Testing industry in terms of market share?

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