Cannabis Testing Market Analysis, Growth, Industry Trends and Future Opportunities

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Cannabis Testing market size reached USD 1.78 billion in 2023 and is expected to reach USD 4.11 billion by 2030, growing at a CAGR of 12.7 % during the forecast period.

Cannabis Testing Market Report Overivew

The Cannabis Testing Market Research Report covers a detailed analysis of strategy, micro and macro market trends and scenarios, pricing analysis, and short-term market circumstances, as well as an in-depth look at the main rivals. The report covers future trends that are expected to drive the development of the Cannabis Testing market.

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Cannabis Testing market size reached USD 1.78 billion in 2023 and is expected to reach USD 4.11 billion by 2030, growing at a CAGR of 12.7 % during the forecast period.

Cannabis Testing Market Report Scope and Research Methodology

The global Cannabis Testing market report delineates both past and present growth trajectories, offering insights into the market's Compound Annual Growth Rate (CAGR), size, forecasts, revenue share, and pricing trends. Within the report, industry-specific challenges, lucrative opportunities, and technological advancements are expounded upon, aiding key players in enhancing their revenue and fostering growth. The report not only captures prevailing trends but also anticipates those driving the evolution of the Cannabis Testing market. Encompassing a competitive landscape, the report delves into prospective technical and financial aspects within the Cannabis Testing industry. It also encompasses comprehensive company profiles, encompassing details like capacity, manufacturing, pricing, costs, revenue, and relevant statistics. Utilizing a bottom-up approach, the report estimates the Cannabis Testing market size in terms of both value and volume.

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Cannabis Testing Market Regional Insights

The Cannabis Testing market study includes company profiles from various regions, as well as information on their business strategies and statistics. The analysis of dynamics and the Cannabis Testing market size has been provided at local, regional and global levels. 

Cannabis Testing Market Segmentation

by Service Type

Potency Testing
Terpene Profiling
Heavy Metal Testing
Pesticide Screening
Microscopy Testing
Residual Solvent Screening

With a revenue share of 23.7% in 2023, potency testing services topped the market in terms of service type. The primary drivers of the market are the growing need to analyze the potency of different cannabinoids, specifically Tetra hydro cannabinol (THC) and CBD (cannabidiol) in cannabis grown, and the growing use of potency testing techniques such as High-Performance Liquid Chromatography (HPLC) and Gas Chromatography (GC) for testing samples.

by End-user

Cannabis Drug Manufacturers
Cannabis Cultivators/Growers
Others (Research Institutes Labs)

With 64.2% of all sales coming from end users, cannabis producers and cultivators controlled the lion's share of market revenue in 2023. Due of government rules in many countries governing the maximum THC content of cannabis products, growers are entering into agreements with testing labs and research organizations. Furthermore, based on the CBD and THC concentrations of their plants, these growers must provide manufacturers and distributors with a range of plant kinds at different prices. These are the primary factors driving the growth of the segment.

by Technology

Chromatography
Liquid Chromatography
Gas Chromatography
Other
Spectroscopy
Mass Spectrometry
Atomic Spectrometry
Others

Cannabis Testing Market Key Players

1. Saskatchewan Research Council (SRC)
2. SC Labs
3. Steep Hill, Inc.
4. SGS Canada Inc.
5. CW ANALYTICAL
6. PharmLabs
7. GreenLeaf Lab
8. Agilent Technologies Inc.
9. Shimadzu Scientific Instruments
10. Merck KGaA
11. Restek Corporation
12. PerkinElmer Inc.,
13. Danaher Corporation
14. Accelerated Technology Laboratories Inc.
15. Steep Hill Halent Laboratories Inc.
16. Digipath Inc.
17. Pharmlabs LLC.

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Key questions answered in the Cannabis Testing Market are:

  • What are the Cannabis Testing Market segments?
  • Who are the top players in the Cannabis Testing industry?
  • What is the expected Cannabis Testing Market size by 2029?
  • What was the Cannabis Testing Market size in 2022?
  • Which region held the largest Cannabis Testing market share in 2022? 

Key Offerings:

  • Market Overview
  • Market Share
  • Market Size 
  • Forecast by Revenue | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by segments, sub-segments and region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Table of content for the Cannabis Testing Market includes:

Global Cannabis Testing Market: Research Methodology
Global Cannabis Testing Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Cannabis Testing Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

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