Cannabis Testing Market Size By Technology (Chromatography {Liquid Chromatography, Gas Chromatography}, Spectroscopy {Mass Spectrometry, Atomic Spectroscopy}), By Test Type (Potency Testing, Pesticide Screening, Residual Solvent Screening, Heavy Metal Testing, Terpene Testing, Mycotoxin Testing), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Cannabis Testing Market size exceeded USD 2.9 billion in 2020 and is predicted to grow at a CAGR of over 21.1% from 2021 to 2027. Growing number of medical applications of cannabis is expected to spur the market growth. Also, various research institutes are investing in exploring additional therapeutic uses of medical cannabis.
 

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With COVID-19 outbreak spreading all over the world, researchers are looking into numerous options for possible treatment including cannabis, as the cannabis extracts have an effect on the expression of ACE2 and TMPRSS2 protein in human cell. Moreover, the effectiveness of cannabis extracts require further large-scale validation and researchers are planning to perform more tests on their novel high Cannabidiol C. Sativa Lines.
 

Rise in number of cultivators coupled with increase in number of licensed laboratories will drive the cannabis testing market expansion

Increasing need of cannabis cultivators for testing and quality control of hemp products will propel the industry growth of cannabis testing laboratories in the coming years. Various organizations provide accreditation to laboratories that perform analytical testing of hemp and cannabis-derived products. As testing of cannabis products is required for demonstrating the safety and efficacy of the products, the growing need of cannabis testing will impel the number of laboratories providing cannabis testing services.
 

Lack of uniform texting standards may slow down the cannabis testing market progression

Stringent regulatory and quality control standards are required for administering accurate and precise dose of cannabis for medical purposes. However, there is a lack of uniformity in quality standards across various countries. For instance, there are different laws and variations regulating medical and adult-use cannabis in different states of the U.S. These state laws define different possession limit. Considerable difference in laws regulating the use of medical cannabis pose a significant challenge for testing laboratories to perform the quality assessment of these products. Such variation across different states of the U.S. and across different European countries may hamper the industry expansion.
 

Preference of chromatography technique over other technology for cannabis testing will stimulate the segment growth

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The chromatography segment dominated more than 62.5% of the cannabis testing market share in 2020. Preference of chromatography technique for cannabis testing is high due to its fast and effective results. Various manufacturers are offering specialized chromatography instrument for cannabis testing. For instance, Shimadzu announced the launch of cannabis analyser for cannabinoid testing. The instrument is based on chromatography technique and offers features such as high throughput, high sensitivity, and high resolution.
 

Pesticide screening segment to dominate the market

Pesticide screening in the cannabis testing market was valued at USD 566.2 million in 2020. The pesticide screening test is mandatory for the testing of unauthorized pest control products before the products could be sold or provided to the company. LC–MS is method of choice for pesticide analysis because of its selectivity, sensitivity, and ruggedness.
 

With the increasing growth of cannabis industry, there will be a higher demand for quality cannabis, thereby necessitating pesticide screening. Although, the list of pesticides varies across different U.S. states, Canada and other European countries, several regulatory authorities provide list of unauthorized pesticide active ingredients and limits.
 

Growing legalization pertaining to the use of cannabis across various U.S. states will create growth opportunities for North America region

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North America cannabis testing market is set to reach USD 4.9 billion and will witness 10% growth rate through 2027. Increasing legalization pertaining to the use of cannabis across various U.S. states will act as a major factor fostering the regional growth. Additionally, rising number of testing laboratories and increasing cultivators of marijuana will further boost the industry demand. Also, stringent regulatory needs implemented by authorities to ensure superior quality products will augment the market value. Furthermore, increasing R&D activities pertaining to commercialization of cannabis products is poised to supplement the market revenue during the forecast timeline.
 

Adoption of business strategies will pave growth opportunities for companies operating in the market

Few of the notable players operating in the market are Anandia Labs, Anresco, CannaSafe Analytics, CW Analytical Laboratories, Digipath, Eirlab, EVIO, Phytovista Laboratories, Pure Analytics, SC Labs, and Steep Hill. These industry leaders implemented various strategies such as mergers and acquisitions, collaborations, accreditations, etc. in order to capture high revenue share.
 

The cannabis testing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

Market, By Technology

• Chromatography
  • Liquid chromatography
  • Gas chromatography
• Spectroscopy
  • Mass spectrometry
  • Atomic spectroscopy
• Others

Market, By Test Type

• Potency Testing
• Pesticide Screening
• Residual Solvent Screening
• Heavy Metal Testing
• Terpene Testing
• Mycotoxin Testing
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • Italy
  • France
  • Belgium
  • Czech Republic
  • Denmark
  • Finland
  • Greece
  • Ireland
  • Norway
  • Poland
  • The Netherlands
• Latin America
  • Argentina
  • Brazil
  • Chile
  • Colombia
  • Mexico
• Rest of world
  • Australia
  • Israel
  • Turkey