Cannabis Testing Market worth $1,806 million by 2025 – Exclusive Report by MarketsandMarkets™
According to the new market research report “Cannabis Testing Market by Products & Software’s (Instruments, Consumables, LIMS), Services (Heavy Metal Testing, Microbial Analysis, Potency, Residual Screening), End-User (Cultivators, Laboratories, Research Institutes) – Global Forecast to 2025″, published by MarketsandMarkets™, the global Cannabis Testing Market is projected...
Cannabis Testing Market : Growing adoption of LIMS in cannabis testing laboratories
Market Forecast:
The global cannabis testing market is expected to reach USD 1,806 million by 2025 from USD 962 million in 2020, at a CAGR of 13.4% during the forecast period.
Key Growth Drivers:
The growth in this market is mainly driven by factors such as the legalization of medical cannabis and the growing number of cannabis testing laboratories (specifically in the US), the...
Cannabis Testing Market | Growth, Trends, and Forecast| MarketsandMarkets™
According to the new market research report “Cannabis
Testing Market by Product & Software (LC, GC, Spectroscopy (MS, Atomic),
Column, Standards, Accessories, LIMS), Service (Potency, Pesticides, Heavy
Metal, Genetic Testing), End User (Lab, Pharmaceutical, Research) – Global
Forecast to 2021”, published by MarketsandMarkets™, the overall cannabis
testing market expected to...
Cannabis Testing Market : Key Developments, Geographic Snapshot and Key Market Leaders
The overall cannabis testing market expected to reach USD 1,416.3 million by 2021 from USD 822.0 million in 2016, at a CAGR of 11.5% of during the forecast period (2016-2021).
Market Growth Drivers :
1 Legalization of Medical Cannabis Coupled With the Growing Number of Cannabis Testing Laboratories
2 Growing Adoption of LIMS in Cannabis Testing Laboratories
3 Increasing Awareness Through Conferences,...
Cannabis Testing Market by Service & End User – Global Forecast 2021
Consumables to grow at the highest CAGR during the forecast period
The cannabis testing products market is broadly categorized into two segments, namely, analytical instruments and consumables. Cannabis testing instruments are expected to account for the largest share of the cannabis testing market in 2016. However, the market for consumables is expected to grow at the highest CAGR during the forecast...
Cannabis Testing Market : Geographic Growth Analysis
The Cannabis Testing market is dominated by North America, followed by Europe, LATAM & MEA, and Asia-Pacific. North America dominated the market in 2016 and is also poised to grow at the highest CAGR during the forecast period. Factors such as the growing legalization of cannabis for medical use, rapid growth in the number of cannabis testing laboratories, the presence of prominent players in this...
Cannabis Testing Services to Offer Significant Growth Opportunities
The global cannabis testing market is expected to reach USD 1,416.3 Million by 2021 from USD 822.0 Million in 2016, at a CAGR of 11.5% during the forecast period .
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The growth in this market is mainly driven by factors such as legalization of medical cannabis, coupled with the growing number of cannabis testing laboratories...