Global Cannabis Testing Market Analysis Report 2023-2030

3.7 min readPublished On: February 4th, 2023By

DUBLIN – Global Cannabis Testing Market to Reach $2.8 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Cannabis Testing estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$2.8 Billion by 2030, growing at a CAGR of 13.2% over the analysis period 2022-2030.

Services, one of the segments analyzed in the report, is projected to record a 15% CAGR and reach US$1.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Products segment is readjusted to a revised 9.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $309.6 Million, While China is Forecast to Grow at 12.1% CAGR

The Cannabis Testing market in the U.S. is estimated at US$309.6 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$475.6 Million by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12% and 11.1% respectively over the 2022-2030 period. Within EuropeGermany is forecast to grow at approximately 9.2% CAGR.

What`s New for 2023?

  • Special coverage on RussiaUkraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Cannabis Testing: An Essential Aspect of Legal Cannabis Industry
  • Global Cannabis Testing Market: Percentage Breakdown of Sales by Products for 2019
  • Chromatography: The Most Common Type of Technology in Use for Cannabis Testing
  • Potency Testing Leads the Global Cannabis Testing Market
  • Laboratories End-Use Segment Captures the Maximum Share of Market
  • Global Cannabis Testing Market: Percentage Breakdown of Sales by End-User for 2019 and 2025
  • US Emerges as the Largest Regional Market for Cannabis Testing
  • Cannabis Testing – Global Key Competitors Percentage Market Share in 2022 (E)
  • Cannabis Testing Labs Resort to Differentiation Strategy to Fight Competition
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS (Total 32 Featured)

  • PerkinElmer, Inc.
  • PharmLabs LLC.
  • Restek Corporation
  • SC Laboratories, Inc.
  • Shimadzu Corporation
  • Steep Hill Labs, Inc
  • Waters Corporation
  • AB Sciex LLC
  • Accelerated Technology Laboratories, Inc.
  • Agilent Technologies, Inc.
  • Digipath Inc.
  • Merck KGaA

3. MARKET TRENDS & DRIVERS

  • With the Number of Countries Legalizing Cannabis on the Rise, Expanding Legal Cannabis Market Drives Demand for Cannabis Testing
  • Global Market for Legal Marijuana in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Growing Use of Cannabis for Treatment of Serious Medical Conditions Drives Demand for Cannabis Testing to Assess Product Quality
  • List of Countries Where Medical Marijuana is Legal
  • Global Legal Medical Marijuana Market: Percentage Breakdown of Revenues by Application for 2019
  • Legalization of Recreational Cannabis: Growth Prospects for Cannabis Testing
  • Advent of Luxury Cannabis Products Fuels Need for Cannabis Testing
  • Increasing Use of LIMS in Cannabis Testing Labs: A Major Area of Growth
  • Cloud-enabled LIMS Systems Reduce Manual Workloads and Improve Lab Productivity
  • LIMS Systems and Software Enable Automated Cannabis Testing Processes
  • Managing Cannabis Testing Workflows with LIMS System
  • Cannabis Testing Labs Use LIMS Systems to Achieve ISO 17025 Compliance
  • Rising Significance of Chromatography in Cannabis Testing
  • Increase in Cannabis Testing Labs and Awareness Programs to Educate People in Developed Economies: A Major Growth Opportunity
  • List of Cannabis Testing Labs in Select Countries/US States
  • An Insight into Automated Cannabis Testing Market
  • Focus on R&D Development and Need for Cannabis Testing Labs Drives Growth
  • Challenges Confronting Cannabis Testing Market
  • Lack of Standardization for Cannabis Testing
  • Compliance Challenges Plague Cannabis Testing Space
  • High Investments to Set Up Testing Labs and High Cost of Analytical Instruments & Tests
  • Shortage of Trained Lab Professionals for Cannabis Testing
  • Innovations, Advantages & Research Studies
  • Improving Efficiency of Cannabis Product Testing
  • UBC Researchers Develop New Method to Measure Phytocannabinoids
  • Development of Suitable Sample Prep Techniques for Cannabis Testing Market
  • Gemmacert Develops Home Kit for Cannabis Testing
  • PRODUCT OVERVIEW
  • What is Cannabis?
  • Cannabis Testing
  • Cannabis Product Testing
  • Cannabis Drug Testing

(This information is primarily sourced from ResearchAndMarkets.com.  Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

Share This Story, Choose Your Platform!