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Cannabis Testing Market - by Technology (Chromatography {Liquid Chromatography, Gas Chromatography}, Spectroscopy), By Test (Potency Testing, Pesticide Screening, Heavy Metal Testing, Terpene Testing, Mycotoxin Testing) & Forecast, 2023-2032

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Cannabis Testing Market Size

Cannabis Testing Market size was valued at more than USD 7 billion in 2022 and is set to record lucrative growth at over 13.5% CAGR through 2032 attributed to the growing legalization of cannabis in several countries for medical purposes.


Cannabis Testing Market

As marijuana usage becomes more recognized and legal in the United States, the Netherlands, South Africa, and other parts of the world, there is a rising demand for precise and reliable analysis of cannabis products. While several governments have approved the recreational use of cannabis, the number of cannabis testing facilities has increased. Moreover, several government institutions and business players are realizing the commercial and social significance of authorized medicinal cannabis, which is projected to boost market growth.
 

Lack of uniform quality standards to slow down cannabis testing market landscape

Administering a precise dosage of cannabis for medical uses necessitates strict regulatory and quality control standards. Moreover, quality requirements in different nations are not consistent. For instance, distinct state laws and variances govern cannabis for both medicinal and adult usage in the United States. Different techniques used by various approved laboratories might result in discrepant findings and incorrect information about the cannabinoid content of cannabis. However, government authorities are taking efforts to increase market integrity and consumer access to correct information, which is likely to positively influence the industry trends.
 

Cannabis Testing Market Analysis

Cannabis Testing Market Share, By Technology

Cannabis testing market from chromatography segment is expected to generate a valuation of around USD 17.5 billion by 2032. Chromatographic methods are gaining prominence for cannabis testing as they provide quick and accurate results. Furthermore, reputed laboratories are investing in new technologies to enhance their service offering, which is likely to propel segment development. Additionally, its automation and configurability allow Smithers to analyze the most recent advancements in cannabis and terpenes methodologies and provide customers with a route toward strain phenotyping.
 

 

Authors: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :
Who are the major companies engaged in the cannabis testing industry?
Some of the prominent enterprises operating in the market are Green Scientific Labs, EVIO, Anandia Labs, Eurofins Scientific, Anresco, Eirlab, Digipath, SC Labs, Pure Analytics, PSI Labs LLC, Steep Hill, and Phytovista Laboratories, among others.
Which factors are aiding the Europe cannabis testing industry?
How big is the global cannabis testing market?
Why is the cannabis testing industry growing from the chromatography segment?
Cannabis Testing Market Scope
  • Cannabis Testing Market Size
  • Cannabis Testing Market Trends
  • Cannabis Testing Market Analysis
  • Cannabis Testing Market Share
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    Authors: Mariam Faizullabhoy, Gauri Wani
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    Premium Report Details

    Base Year: 2022

    Companies covered: 12

    Tables & Figures: 289

    Countries covered: 24

    Pages: 250

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