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Soil Testing Equipment Market Trends

  • Report ID: GMI7835
  • Published Date: Jan 2024
  • Report Format: PDF

Soil Testing Equipment Market Trends

The soil testing equipment industry witnesses a transformative shift with the surge in innovations, notably the development of portable and user-friendly devices. These advancements cater to the evolving needs of modern agriculture by offering convenience and accessibility. Portable soil testing kits and handheld devices empower farmers with instant, on-site analysis, reducing dependency on lab-based assessments. The trend towards compact, easy-to-use equipment aligns with the industry's push for precision farming, enabling real-time decision-making and promoting sustainable land management practices.

In this regard, in May 2023, Dr. Rajul Patkar, an IIT Bombay researcher, introduced Nutrisens, a portable device aiming to assess soil health before each sowing cycle swiftly. Around fifty years ago, achieving a yield of nearly 2 tonnes per hectare demanded 54 kg of fertilizer per hectare. Presently, the same yield necessitates about 280 kg, signaling deteriorating soil health due to excessive and unbalanced application of chemical fertilizers. Dr. Rajul Patkar, CEO and co-founder of Pune's Proximal Soilsens Technologies, notes that insufficient knowledge leads to plant decay and reduced productivity. He and Dr. Mukul Singh created NutriSens, claiming it as the world's smallest, portable, affordable, and user-friendly soil testing system.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for soil testing equipment was valued at USD 4.1 billion in 2023 and is estimated to register a CAGR of over 7% between 2023 and 2032, driven by the need for precise soil analysis.

The residual segment held a market share of 35% in 2023 and is expected to grow significantly through 2032, owing to its role in ensuring soil quality and environmental safety.

Asia Pacific market for soil testing equipment had a revenue share of over 37% in 2023 and is poised to expand steadily till 2032, driven by an increased focus on precision farming and stringent environmental regulations.

Alfa Testing Equipment, Agilent Technologies, EIE Instruments Pvt. Ltd., Ele International, Eurofins Scientific, Geotechnical Testing Equipment UK Ltd., Gilson Company Inc., Humboldt Mfg. Co., LaMotte Company, Inc., Thermo Fisher Scientific are major industry contenders.

Soil Testing Equipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 346
  • Countries covered: 20
  • Pages: 250
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