Cannabis Testing Services Market, By Test Type (Potency Testing, Terpene Profiling, Cannabinoid Profiling, Pesticide Screening, Residual Solvent Testing, Microbiological Screening, and Others), By End Use (Testing Laboratories, Research Institutes, and Ot

Cannabis Testing Services Market, By Test Type (Potency Testing, Terpene Profiling, Cannabinoid Profiling, Pesticide Screening, Residual Solvent Testing, Microbiological Screening, and Others), By End Use (Testing Laboratories, Research Institutes, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

The cannabis testing services market has been witnessing significant growth over the past few years. With the legalization of cannabis for both medical and recreational use in numerous countries and states, there has been a rapid increase in the cultivation and sale of cannabis and cannabis products. There has been a corresponding rise in the demand for quality control and compliance testing of cannabis and cannabis-derived products to ensure product safety and potency. Cannabis testing services help determine the chemical composition, detect contaminants, verify labeling accuracy, and ensure consistency of cannabis and cannabis-containing products. With the market expected to grow at a substantial pace, cannabis testing is crucial for gaining consumer confidence and meeting regulatory standards.

Market Dynamics:

The global cannabis testing services market is driven by the increasing commercial cultivation and dispensing of cannabis owing to legalization across regions. The need for quality testing and certification to ensure product safety and potency as per regulations augments the market expansion. However, lack of standard testing methods restrains the market growth to some extent. The emergence of novel techniques like HPTLC, GC-MS/MS is expected to offer lucrative opportunities in the coming years. Geographically, North America dominates the global cannabis testing services market due to the legalization of medical cannabis across Canada and the U.S.

Key Features of the Study:

• This report provides an in-depth analysis of the global cannabis testing services market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global cannabis testing services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this includes Encore Labs, Steep Hill, Inc., SGS Société Générale de Surveillance SA., PharmLabs LLC , Saskatchewan Research Council (SRC), Green Leaf Labs, Eurofins Scientific, SC Laboratories Inc., Praxis Laboratory, Digipath Inc., Fairbanks Analytical Testing LLC, Aurum Laboratories, LLC, Pure Analytics LLC, and Cascadia Labs
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global cannabis testing services market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cannabis testing services market.

Detailed Segmentation-

• By Test Type:
• Potency Testing
• Terpene Profiling
• Cannabinoid Profiling
• CBD Testing
• THC Testing
• Pesticide Screening
• Residual Solvent Testing
• Microbiological Screening
• Others
• By End Use:
• Testing Laboratories
• Research Institutes
• Others
• By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
• Company Profiles:
• Encore Labs
• Steep Hill, Inc.
• SGS Société Générale de Surveillance SA.
• PharmLabs LLC
• Saskatchewan Research Council (SRC)
• Green Leaf Labs
• Eurofins Scientific
• SC Laboratories Inc.
• Praxis Laboratory
• Digipath Inc.
• Fairbanks Analytical Testing LLC
• Aurum Laboratories, LLC
• Pure Analytics LLC
• Cascadia Labs