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Heavy Metals Testing Market to Grow at a Surprising CAGR of 6.9% by 2029, Size, Share, Trends, Business Strategies, Competitive Landscape and Regional Overview

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DALLAS, Feb. 21, 2023 (GLOBE NEWSWIRE) — Data Bridge Market Research has recently published a Report, titled, “Heavy Metals Testing Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and competitive landscape. The purpose of the Heavy Metals Testing report is to provide a detailed analysis of the Heavy Metals Testing industry and its impact based on applications and on different geographical regions. This industry analysis report contains market data that can be relatively essential when it comes to dominating the market or making a mark in the market as a new emergent. It also strategically analyses growth trends and future prospects. This market research report is a resource for getting current as well as upcoming technical and financial details of the industry to 2030. The Heavy Metals Testing market survey report also enlists the foremost competitors and gives insights into the strategic industry analysis of the key factors influencing the Heavy Metals Testing industry.

The heavy metals testing market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.9% in the forecast period of 2023 to 2030 and is expected to reach USD 3,666,813.85 thousand by 2030. The major factor driving the growth of the market is the rising popularity of heavy metal testing products among consumers and growing awareness regarding the properties of heavy metal testing products.

Download Sample Copy of Heavy Metals Testing Market @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-heavy-metal-testing-market

Heavy metals are a group of metals and metalloids with relatively high density and are toxic even at ppb levels. Heavy metals normally occur in nature and are essential to life, but they can become toxic through accumulation in organisms. Heavy metal testing is important for irregular levels of toxic or potentially harmful metals in the food, pharmaceutical industry, personal care, or human body. The driving factors growth of the market includes growing consumer awareness regarding packaged Food and personal care ingredients.

Opportunities for Players:

  • Stringent laws and regulations concerning the safety of products    

The strict rules and standards governing food testing and personal care product composition testing will propel the market’s expansion because authorities want to ensure that the food on the market is safe for consumption. In order to ensure consumer food safety and the highest possible food quality, along with the possible side effects of using personal care products, the government is developing new laws and regulations. The World Health Organization (WHO) estimates that 600 million people, or about 1 in 10, get diseases from eating tainted food. Therefore, to avoid food contamination and guarantee food safety worldwide, the governments of different countries have established strict laws for personal care products and food &beverage manufacturers.

  • Technological advancements in heavy metals testing science

The technology significantly influences the global heavy metals testing market by updating old methods and discovering new ways to detect and identify the presence of heavy metals in food articles or personal care products, improving quality and cost reduction. Continuous innovation in this segment and their increasing trend can lead the global heavy metals testing market to face extreme growth in the near future. All segments, such as food, dietary supplements, beverages, feed products, and pharmaceuticals, rely on the advancement in heavy metals testing and analysis. Several limitations are present in the science of heavy metals testing. However, researchers and the scientific community are working hard to overcome the limitations. Due to these reasons, there is an opportunity being created for the global heavy metals testing market.

Some of the major players operating in the Heavy Metals Testing market are:

  • SGS Société Générale de Surveillance SA
  • Intertek Group plc
  • Eurofins Scientific
  • Mérieux NutriSciences
  • Corporation
  • LGC Limited
  • AsureQuality
  • Microbac Laboratories Inc
  • EMSL Analytical Inc
  • ifp Institut für Produktqualität GmbH
  • OMIC USA Inc
  • Applied Technical Services
  • Brooks Applied Labs
  • Quicksilver Scientific Inc
  • Symbio LABORATORIES
  • Alex Stewart International
  • UFAG LABORATORIEN
  • Consumer Product Testing
  • SM Company

Get a Full PDF Research Report to Understand More @ https://www.databridgemarketresearch.com/checkout/buy/enterprise/global-heavy-metal-testing-market 

Recent Development                      

  • In September 2022, LGC opened The Native Antigen Company (TNAC) as part of LGC Clinical Diagnostics at the Oxford Technology Park. This new site offers TNAC expanded manufacturing capacity for producing infectious disease reagants, antibodies and assays, which are vital development in clinical diagnostics. It helped the company to expand its consumer base and support consumers
  • In July 2022, LGC launched a free app-based cannabis testing training app CannLearn which provides training on various aspects of testing. It will be considered a great tool for people new to the industry to get the required cannabis knowledge

Market intelligence platform will help you understand:

  • Identify emerging market trends & dynamics
  • Market intelligence with quality and accuracy
  • Benchmark against competitors & industry
  • Explore competitive strategy & market share
  • Discover regional market opportunities
  • Deliverable formats include PDF, PPT, Excel & Online Dashboard

Data Bridge Market Research employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Heavy Metals Testing market

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market

Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Heavy Metals Testing Market

Market Drivers: Heavy Metals Testing Market

  • Growing consumer awareness regarding packaged food and personal care ingredients

The demand for high-quality and safe food has increased. This rising demand for high-quality food is caused by the food quality issues such as the Maggi case in 2015. It has been found that Maggi has a poisonous amount of lead. This case made a large consumer base aware, in response to market pressure and reaction to other factors such as health concerns, which have been seen due to the increased number of foodborne illnesses. The increasing incidences of foodborne diseases have prompted consumers to bring about vital changes in their diet and lifestyle, making them more concerned regarding food safety and the quality of the food they purchase. Consumers are very much aware of the food they eat, and food safety is their prime concern when choosing any brand or packaged food item. Food safety is important for consumers’ health, the entire food industry, and regulatory authorities. With the rising concern about food safety among consumers, the government is taking initiatives to promote safe food to consumers.

  • Increase in the occurrence of foodborne diseases

Foodborne illness is caused by the consumption of spoiled or contaminated food with pathogenic microorganisms or inappropriate chemical composition, leading to illness. The rising instances of foodborne disease among consumers globally create huge demand for food chemical and pathogen testing equipment. The primary reason behind the increasing amount of foodborne disease in the food industry is the unaware workforce, food handlers, and manufacturers, as they lack knowledge of modern technologies, good manufacturing practices (GMP), hazard analysis, and critical control point (HACCP) systems, quality control. Several reports state the history and future of these increasing foodborne diseases around the globe. 

To Gain More Insights about this Research, Visit https://www.databridgemarketresearch.com/reports/global-heavy-metal-testing-market 

Key Industry Segmentation: Heavy Metals Testing Market

Technology

  • Metals Speciation (Methyl Mercury)
  • Atomic Absorption Spectroscopy (AAS)

Offering

Automation

  • Software Manual
  • Semiautomatic
  • Fully Automatic

Target Metal

End Use

  • Feed Products
  • Pharmaceuticals
  • Personal Care And Cosmetics
  • Fats And Oils
  • Blood And Other Samples

Regional Analysis/Insights: Heavy Metals Testing Market

The countries in the heavy metals testing market report are the U.S., Canada, Mexico, Germany, U.K., Italy, France, Russia, Spain, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, Norway, Finland and Rest of Europe, China, India, Japan, South Korea, Indonesia, Thailand, Singapore, Australia, New Zealand, Philippines, Vietnam, Malaysia, Taiwan and Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, United Arab Emirates, Saudi Arabia, Israel, Oman, Qatar, Kuwait  and Rest of Middle East & Africa

Europe is expected to dominate the global heavy metals testing market due to increasing awareness regarding foodborne diseases. Germany is expected to dominate the Europe heavy metals testing market due to the growing characteristics of heavy metals products.

Table of Contents:

  1. Introduction
  2. Market Segmentation
  3. Executive Summary
  4. Premium Insights
  5. Global Heavy Metals Testing  Market: Regulations
  6. Market Overview
  7. Global Heavy Metals Testing  Market, By Technology
  8. Global Heavy Metals Testing  Market, By Offering
  9. Global Heavy Metals Testing  Market, By Automation
  10. Global Heavy Metals Testing  Market, By Target Metal
  11. Global Heavy Metals Testing  Market, By End Use
  12. Global Heavy Metals Testing  Market, By Region
  13. Global Heavy Metals Testing  Market: Company Landscape
  14. SWOT Analyses
  15. Company Profile
  16. Questionnaires
  17. Related Reports

To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-heavy-metal-testing-market

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An absolute way to forecast what the future holds is to comprehend the trend today!

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Cannabis

Cannabis Testing Market Worth $4.0 billion | MarketsandMarkets™

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CHICAGO, May 23, 2024 /PRNewswire/ — Cannabis Testing Market in terms of revenue was estimated to be worth $1.8 billion in 2024 and is poised to reach $4.0 billion by 2029, growing at a CAGR of 17.2% from 2024 to 2029 according to a new report by MarketsandMarkets™.

The important factors impacting market growth are legalization trends and rising medical applications for cannabis. Rising approvals for medical and recreational cannabis drive the regulations requiring product safety testing which in turn fuel the need for cannabis testing services. Additionally, the rise in the number of cannabis testing labs due to legalization is propelling the demand for analytical instruments is likely to uplift market growth in coming years.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=46932450

Browse in-depth TOC on “Cannabis Testing Market”
439 – Tables
52 – Figures
378 – Pages

Cannabis Testing Market Scope:

Report Coverage

Details

Market Revenue in 2024

$1.8 billion

Estimated Value by 2029

$4.0 billion

Growth Rate

Poised to grow at a CAGR of 17.2%

Market Size Available for

2022–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Product & Software, By Service & By End User

Geographies Covered

North America, Europe, the Asia Pacific, Latin America and the Middle East & Africa

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Untapped markets in emerging economies

Key Market Drivers

Increasing legalization of medical and recreational cannabis

Products segment held the highest estimated share of the cannabis testing market.

Based on product & software, the cannabis testing market is segmented into products (analytical instruments {chromatography instruments [liquid chromatography, gas chromatography & other chromatography instruments], spectroscopy instruments [mass spectrometry instruments & atomic spectroscopy instruments] & other analytical instruments} and consumables {chromatography columns, standards and CRMS, sample preparation products and other consumables) and software. The product segment accounted for the largest share of the cannabis testing market in 2023. Market growth is driven by technological advancements providing sophisticated tools for precise analysis, ensuring compliance and quality control, and the expanding legalization of cannabis products. Additionally, increasing requirements for potency labeling and pesticide screening fuel the demand for specialized consumables, further propelling growth in the cannabis testing market. For example, Thermo Fisher Scientific Inc. launched the Thermo Scientific SureSTART consumables portfolio consisting of vials, well plates, caps, inserts, kits, and mats to improve analytical performance and sample security for chromatography and mass spectrometry users in routine and research labs in clinical, food, pharma, biopharma, environmental, and academic sectors.

High growth of services segment attributed to potency testing services.

Based on service, the cannabis testing market is broadly segmented into terpene profiling, microbial analysis, residual solvent analysis, potency testing, heavy metal testing, pesticide screening, and other services. In 2023, potency testing accounted for the largest share of the cannabis testing services market. The high growth of this segment is due to stringent regulatory requirements ensuring accurate THC and CBD levels. This is crucial for product labeling, consumer safety, and compliance, driving demand from producers and dispensaries seeking to meet legal standards and provide reliable, high-quality products.

Services take away the largest estimated share of the end-user segment.

Based on end users, the cannabis testing market is classified into segmented into product & software end users (cannabis testing laboratories {small-scale laboratories, medium-scale laboratories, large-scale laboratories} and research institutes) and service end users (cannabis drug manufacturers & dispensaries, cannabis cultivators/growers). In 2023, the service end users’ segment was predicted to account for the highest share of the global cannabis testing market. The large share of this end user segment is due to the rising consumer awareness of quality and safety, rising legalization of cannabis, stringent regulatory standards, and technological advancements in cannabis testing.

During the forecast period, North America displayed lucrative market growth.

North America accounted for the largest share of 65.5% of the cannabis testing market in 2023. The North American market is projected to reach a value of USD 2.6 billion by 2029 from an estimated value of USD 1.2 million in 2024, at a CAGR of 17.3% during the forecast period. The region leads the cannabis testing market due to stringent regulatory standards, robust infrastructure, and widespread legalization of cannabis for medical and recreational purposes. Additionally, North America’s advanced R&D capabilities and evolving consumer demand for quality assurance drive its prominence in this growing sector.

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Cannabis Testing Market Dynamics:

Drivers:

  1. Increasing legalization of medical and recreational cannabis
  2. Increasing use of cannabis for medicinal applications
  3. Technological advancements in testing technologies

Restraints:

  1. Lack of standardization
  2. Investment risks due to regularization

Opportunities:

  1. Untapped markets in emerging economies
  2. Research collaborations

Challenge:

  1. High setup costs

Key Market Players of Cannabis Testing Industry:

The global cannabis testing market comprises many key market players competing for markets shares like Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Waters Corporation (US), Restek Corporation (US), SGS SA (Switzerland), Merck KGaA (Germany), PerkinElmer, Inc. (US), Hamilton Company (US), Sigma Analytical Services (Canada), SC Labs (US), PharmLabs LLC (US), MCS, Inc. (US), ProVerde Laboratories (US), and Eurofins Scientific (Luxembourg).

The primary interviews conducted for this report can be categorized as follows:

  • By Respondent: Supply Side- 70%, and Demand Side – 30%
  • By Designation (Supply Side): Managers – 45%, CXOs & Directors – 30%, Executives- 25%
  • By Region: North America -40%, Europe -25%, Asia-Pacific -20%, Latin America -10%, MEA- 5%

Recent Developments:

  • In September 2023, Shimadzu Corporation launched the Brevis GC-2050 gas chromatograph used in various applications including cannabis testing.
  • In April 2023, SC Labs, one of the leading cannabis testing companies, acquired C4 Laboratories, one of the first Arizona cannabis labs, thus allowing it to be licensed and accredited in five states: California, Colorado, Michigan, Oregon, and Arizona.
  • In June 2022, Shimadzu Corporation launched the AA-7800 series atomic absorption spectrophotometers. The AA-7800 series is used for quality control in the raw material, food, and for inspecting water quality and hazardous substances in soil thus presenting an advantage in heavy metal testing of cannabis.

Get 10% Free Customization on this Report:
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Cannabis Testing Market – Key Benefits of Buying the Report:

The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall cannabis testing market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market’s pulse and provide them with information on the key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers: 

  • Analysis of key drivers (increasing legalization of medical and recreational cannabis, increasing use of cannabis for medicinal applications and technological advancements in testing technologies), restraints (lack of standardization and investment risks due to regularization), opportunities (untapped markets in emerging economies and research collaborations) and challenges (high setup costs) are influencing the growth of cannabis testing market.
  • Product Development/Innovation: Detailed insights on newly launched products of the cannabis testing market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the cannabis testing market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the cannabis testing market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players include Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Waters Corporation (US), Restek Corporation (US), SGS SA (Switzerland), Merck KGaA (Germany), PerkinElmer, Inc. (US), Hamilton Company (US), Sigma Analytical Services (Canada), SC Labs (US), PharmLabs LLC (US), MCS, Inc. (US), ProVerde Laboratories (US), and Eurofins Scientific (Luxembourg) among others in the cannabis testing market.

Related Reports:

Drug Screening Market – Global Forecasts to 2029

Laboratory Proficiency Testing Market – Global Forecasts to 2028

Life Science Instrumentation Market – Global Forecasts to 2028

Digital PCR Market – Global Forecasts to 2028

Flow Cytometry Market – Global Forecasts to 2028

Get access to the latest updates on Cannabis Testing Companies and Cannabis Testing Industry Growth

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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