Global Soil Erosion Testing Market - 2022-2029

Global Soil Erosion Testing Market - 2022-2029

Market Overview

Soil erosion testing is different from other forms of wear tests in that there is a fluid contribution to the mechanical action producing wear and friction. If the fluid is corrosive to the material being eroded, material removal will see an increase. Agriculture industry is an important part for living beings, as it provides food with lots of minerals and proteins. For growing any crop or fruit it is very essential to provide quality soil to seeds, as it provides the medium for plant growth. In addition, the companies are developing soil erosion testing equipment to test the nature of soil in any region for the growth of crops. This soil erosion testing equipment are developed to control soil erosion and offer soil stability until vegetation can be established. These soil erosion testing equipment enables the assessment of the soil erosion and dispersion potential of a site, which is dependent on the scope of the proposed development area. Thus, owing to the increased demand and growing use of soil erosion equipment in agriculture and other industries is propelling the market growth.

The global soil erosion testing market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 5.85% during the forecast period (2022-2029).

Market Dynamics: Growing agriculture industry is driving the growth of the market

The key factor for the growth of soil erosion testing market is growing agriculture industry and rise in demand for crops leads to growth of the market. Furthermore, rising adoption of precision farming in order to increase yield is driving the growth of soil erosion testing market.

In addition, government initiatives for promoting soil erosion testing in agriculture as well as in construction industry this drives soil erosion testing market. Moreover, rising awareness about benefits of soil erosion testing coupled with technological advancement in the soil testing equipment is driving the growth of soil erosion testing market. Furthermore, the rapid increase in the food processing & food service sectors is also enabling the manufacturers to test the soil erosion in the farming process to increase the productivity of the crops. Thus, the increased demand and awareness about the benefits of soil erosion testing is driving the growth of the market. For instance, the soil erosion testing provides the fertility status, nutrient availability in the soil, determination of acidity, salinity and alkalinity problems.

Market Segmentation: Agriculture stand for the highest share in global soil erosion testing market

In 2021, the agriculture segment had the highest revenue share of YY percent. Soil erosion testing is mostly used in agriculture industry to test the fertility & productivity of the soil along with its nutrient content and evaluation of suitability of the soil for the crop. These benefits of soil erosion testing enable the farmers to work on soil erosion testing to get the expected results in crops which ultimately adds to the growth of the agriculture segment in the market. In addition, the growing food processing & food service sectors which demands nutritious crops also adds to the growth of the segment.

Geographical Penetration: North America is the dominating region during the forecast period

In 2021, North America had the highest revenue share of YY percent. The region has well-developed food, industrial and agricultural sectors which increases the demand for soil erosion testing and adds to the growth of the market. North America is the prominent soil erosion testing market, owing to the presence of innovative manufacturing companies with innovative technologies in the region. In addition, of APAC and Europe are also expected to gain substantial soil erosion testing market shares in the coming years, owing to the rapid adoption of smart technologies an growing demand for soil erosion testing to get better crops.

Competitive Landscape:

The global soil erosion testing market is competitive and comprises players such as XPRT, Humboldt Mfg. Co., TRI Environmental, AgSource Laboratories, Apal Agricultural Laboratory, SGS SA, Soiltech India Pvt. Ltd, Apex Analytical and Camlab, among others. The soil erosion testing market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as advertisement of increased soil fertility, awareness about the benefits of soil erosion testing and the increased crop productivity due to the testing.

For instance,
• In June 2020, Agilent Technologies announced the launch of two new mass spectrometry (MS) products namely the Agilent 6470B Triple Quadrupole LC/MC (6470 LC/TQ) system and the Agilent Rapid Fire 400 system.

COVID-19 Impact: Negative impact on global soil erosion testing market

The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, business close, and travel bans. Agriculture is among the major industries suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants. In addition, the shutdowns of the companies, farms, factories production & cultivation facilities in various countries have disrupted the whole supply chains. It has negatively impacted manufacturing activities, delivery schedules, and various goods sales. Multiple companies have already announced possible delays in product deliveries and a decline in future sales of their products.

Moreover, the cultivation and production of the crops was restricted for some period and also there was a restriction on sell of the current crops which stopped the production of the crops that ultimately has negatively affected the soil erosion testing market during the pandemic.

Furthermore, the import-export restrictions imposed by governments in North America, Asia, and Europe are hindering geographical expansion, business collaboration and partnership opportunities. Thus, these factors are hindering the growth of the soil erosion testing market in the agriculture industry.

The global soil erosion testing market report would provide an access to approximately 53 market data tables, 40 figures and 172 pages.