Cannabis Testing Market - Global Industry Analysis

Cannabis Testing Market By Technology (Chromatography and Spectroscopy), By Test Type (Potency Testing, Pesticide Screening, Residual Solvent Screening, Heavy Metal Testing, Terpene Testing, and Mycotoxin Testing), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 30-May-2022 Category: Pharmaceutical Report Format : PDF Pages: 188 Report Code: ZMR-3422 Status : Published

The global cannabis testing market was valued at around USD 1.35 billion in 2021 and is estimated to grow to about USD 10.86 billion by 2028, with a compound annual growth rate (CAGR) of approximately 19.8 percent over the forecast period.

Description

Cannabis Testing Market: Industry Prospective: 

The global cannabis testing market was valued at around USD 1.35 billion in 2021 and is estimated to grow to about USD 10.86 billion by 2028, with a compound annual growth rate (CAGR) of approximately 19.8 percent over the forecast period. The report analyzes key drivers and opportunities that support the market growth along with the cannabis testing market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cannabis testing market.

Cannabis Testing Market: Overview

Cannabis testing is the process of analyzing a single sample of cannabis to evaluate CBD, THC, and terpene levels, as well as pollutants and impurities such as mold spores, residual solvents, infection, and pesticide residue. Each state and municipality has the authority to set their own rules and regulations for what must be tested and printed on cannabis labeling.

Individual producers may also choose to adhere to more severe guidelines, even having their samples tested for CBG and CBC levels. Only qualified chemists and lab workers are permitted to conduct this testing. Cannabis production and sales were formerly prohibited worldwide for numerous years.

COVID-19 Impact:

The unforeseen COVID-19 pandemic has had both beneficial and bad consequences for the life sciences and pharma industries. Low demand for consumables, instruments, and reagents, along with supply chain disruptions and trade limitations, have harmed certain market sectors more than others.

According to a report issued by The Science Advisory Board, 72.0 percent of all labs throughout the world were shut down or operating at a reduced capacity. Instead of doing routine operations, the labs that were open fully or partially focused on COVID-19 testing.

Many participants in the industry have seen their operations and financial performance suffer as a result of the epidemic and slowed worldwide research activity. The number of cannabis tests done in laboratories has decreased as a result of the closure of academic and research institutes as well as testing facilities.

Global Cannabis Testing Market

Cannabis Testing Market: Growth Drivers

The market is fostering medical cannabis legalization and increasing cannabis testing labs

Medical cannabis has shown to be helpful in a number of medical uses, including lowering intraocular pressure in glaucoma patients, managing muscular spasms in multiple sclerosis patients, boosting appetite in AIDS patients, and minimizing chemotherapy-induced nausea. Medical cannabis is legal in a number of countries due to its health benefits. Italy, Brazil, Israel, the Netherlands, Germany, the United Kingdom, Portugal, Spain, North Korea, Canada, and Australia have all approved it in the last few years.

Furthermore, 25 states in the United States legalized medical cannabis, with four states—Alaska, Oregon, Washington, and Colorado legalizing cannabis for use for both recreational and medical purposes. Thus, with the rising legalization of cannabis, an increase in adoption of its testing is been witnessed which in turn is fostering the growth of the global cannabis testing market. In addition to this, the increasing number of cultivators and the growing necessity for the safety & efficacy of cannabis products are also some of the key factors that are fueling the market growth.

Cannabis Testing Market: Restraints

The cannabis testing market may be hampered by a lack of universal testing standards.

For delivering a precise and accurate dose of cannabis for medical purposes, certain standards of quality control and regulation are essential. There is, however, a lack of consistency in quality standards among countries. For example, different states in the United States have varied rules and variances governing medical and adult-use cannabis. Various states have different possession limits. The wide range of legislation governing the use of medical cannabis presents a considerable problem for testing laboratories when assessing the quality of these products. Such disparities between states in the United States and between European countries may stymie business growth.

Cannabis Testing Market: Opportunities

Growing necessity of heavy metal testing for cannabis is likely to drive the market during the forecast period.

Besides pesticides, microbiological organisms, and residual solvents, heavy metals are one of the most common pollutants detected in cannabis and its derivatives. Furthermore, heavy metals are highly poisonous and can cause poisoning and other issues when exposed. As a result, heavy metal testing for cannabis and its derivatives is becoming extremely prevalent. Several government agencies have made heavy metal testing for cannabis products mandatory. All such factors coupled with the use of advanced instruments like HPLC techniques are likely to generate ample opportunities for the growth of the global cannabis testing market during the forecast period.

Cannabis Testing Market: Challenges.

High cost associated with the set-up of cannabis testing laboratories acts as a major challenge for the market

One of the most critical challenges in this market is the high startup expenses for cannabis testing laboratories. These labs must invest a large amount of money in order to purchase and maintain expensive, modern analytical equipment. Accreditations & certifications such as ISO certification processes, software requirements, standardization & upgrades of equipment, and the need for qualified experts all add to the operating costs. Also, because of the ambiguity in the cannabis testing market, many banks refuse to fund or provide any other type of support to these laboratories. Furthermore, several governments are working on a plan to impose taxes on cannabis testing labs. Thus, the high cost associated with the set-up of cannabis testing laboratories poses a major challenge for the market growth.

Cannabis Testing Market: Segmentation

The global cannabis testing market is divided based on technology, test type, and region. Based on the technology, the global market is split into spectroscopy and chromatography. By test type, the market is categorized into mycotoxin testing, terpene testing, heavy metal testing, residual solvent screening, pesticide screening, and potency testing.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Recent Developments

  • In February 2022, ACS Laboratory, the biggest cannabis and hemp cannabis testing laboratory in the eastern United States, introduced an HHC Potency Test and related Metals Testing Bundle targeted at HHC (hexahydrocannabinol) products to strengthen consumer trust and increase product quality. ACS Laboratory currently tests for 23 cannabinoids, more than any other lab in the United States.
  • In July 2021, PureVita Labs opened new hemp and cannabis analytical testing lab to open in Rhode Island. The lab reported that the state health department has granted it permission to sample & test cannabis for contaminants and potency.

Cannabis Testing Market: Regional Landscape

North America to dominate the market during the forecast period

Geographically, North America is estimated to dominate the global cannabis testing market during the forecast period. The existence of a significant number of cultivators in the region, as well as an increase in the number of testing laboratories in the region due to strict government restrictions for cannabis producers, are key drivers promoting market growth in this region. Europe, on the other hand, is anticipated to grow at the fastest rate during the forecast period. The rising legalization of cannabis in several European countries, as well as the expanding use of the plant in drug development & research, are expected to fuel the market for cannabis testing. In addition, the cannabis testing market in the region is tightly regulated, with most countries barring goods having more than 0.3 percent THC, thereby driving the market growth in this region.

Cannabis Testing Market: Competitive Landscape

Some of the dominant players that are functioning in the global cannabis testing market are Thermo Fisher Scientific, MERCK KGAA, Shimadzu Corporation, Agilent Technologies, Inc., PharmLabs LLC, SC Laboratories, Inc., Steep Hill Inc., DigiPath, Inc., GreenLeaf Lab, and CW ANALYTICAL, among others.

Global cannabis testing market is segmented as follows:

By Technology

  • Chromatography
  • Spectroscopy

By Test Type

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

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Cannabis Testing Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Cannabis Testing Market : snapshot
  • Chapter 3. Global Cannabis Testing Market - Industry Analysis
    • 3.1 Cannabis Testing Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 The market is fostering with medical cannabis legalization and increasing cannabis testing labs
    • 3.3 Market Restraints
      • 3.3.1. The cannabis testing market may be hampered by a lack of universal testing standards.
    • 3.4 Market Opportunities
      • 3.4.1. Growing necessity of heavy metal testing for cannabis is likely to drive the market during the forecast period.
    • 3.5 Market Challenges
      • 3.5.1. High cost associated with the set-up of cannabis testing laboratories acts as a major challenge for the market
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Technology
      • 3.7.2 Market attractiveness analysis By Test Type
  • Chapter 4. Global Cannabis Testing Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Cannabis Testing Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Cannabis Testing Market - Technology Analysis
    • 5.1 Global Cannabis Testing Market overview: By Technology
      • 5.1.1 Global Cannabis Testing Market share, By Technology, 2021 and 2028
    • 5.2 Chromatography
      • 5.2.1 Global Cannabis Testing Market by Chromatography, 2022 - 2028 (USD Billion)
    • 5.3 Spectroscopy
      • 5.3.1 Global Cannabis Testing Market by Spectroscopy, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Cannabis Testing Market - Test Type Analysis
    • 6.1 Global Cannabis Testing Market overview: By Test Type
      • 6.1.1 Global Cannabis Testing Market share, By Test Type, 2021 and 2028
    • 6.2 Potency Testing
      • 6.2.1 Global Cannabis Testing Market by Potency Testing, 2022 - 2028 (USD Billion)
    • 6.3 Pesticide Screening
      • 6.3.1 Global Cannabis Testing Market by Pesticide Screening, 2022 - 2028 (USD Billion)
    • 6.4 Residual Solvent Screening
      • 6.4.1 Global Cannabis Testing Market by Residual Solvent Screening, 2022 - 2028 (USD Billion)
    • 6.5 Heavy Metal Testing
      • 6.5.1 Global Cannabis Testing Market by Heavy Metal Testing, 2022 - 2028 (USD Billion)
    • 6.6 Terpene Testing
      • 6.6.1 Global Cannabis Testing Market by Terpene Testing, 2022 - 2028 (USD Billion)
    • 6.7 Mycotoxin Testing
      • 6.7.1 Global Cannabis Testing Market by Mycotoxin Testing, 2022 - 2028 (USD Billion)
  • Chapter 7. Cannabis Testing Market - Regional Analysis
    • 7.1 Global Cannabis Testing Market Regional Overview
    • 7.2 Global Cannabis Testing Market Share, by Region, 2021 & 2028 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Cannabis Testing Market, 2022 - 2028 (USD Billion)
        • 7.3.1.1 North America Cannabis Testing Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 North America Cannabis Testing Market, by Technology, 2022 - 2028
      • 7.4.1 North America Cannabis Testing Market, by Technology, 2022 - 2028 (USD Billion)
    • 7.5 North America Cannabis Testing Market, by Test Type, 2022 - 2028
      • 7.5.1 North America Cannabis Testing Market, by Test Type, 2022 - 2028 (USD Billion)
    • 7.4. Europe
      • 7.4.2 Europe Cannabis Testing Market, 2022 - 2028 (USD Billion)
        • 7.4.2.1 Europe Cannabis Testing Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Europe Cannabis Testing Market, by Technology, 2022 - 2028
      • 7.4.1 Europe Cannabis Testing Market, by Technology, 2022 - 2028 (USD Billion)
    • 7.5 Europe Cannabis Testing Market, by Test Type, 2022 - 2028
      • 7.5.1 Europe Cannabis Testing Market, by Test Type, 2022 - 2028 (USD Billion)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Cannabis Testing Market, 2022 - 2028 (USD Billion)
        • 7.5.3.1 Asia Pacific Cannabis Testing Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Asia Pacific Cannabis Testing Market, by Technology, 2022 - 2028
      • 7.4.1 Asia Pacific Cannabis Testing Market, by Technology, 2022 - 2028 (USD Billion)
    • 7.5 Asia Pacific Cannabis Testing Market, by Test Type, 2022 - 2028
      • 7.5.1 Asia Pacific Cannabis Testing Market, by Test Type, 2022 - 2028 (USD Billion)
    • 7.6. Latin America
      • 7.6.4 Latin America Cannabis Testing Market, 2022 - 2028 (USD Billion)
        • 7.6.4.1 Latin America Cannabis Testing Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Latin America Cannabis Testing Market, by Technology, 2022 - 2028
      • 7.4.1 Latin America Cannabis Testing Market, by Technology, 2022 - 2028 (USD Billion)
    • 7.5 Latin America Cannabis Testing Market, by Test Type, 2022 - 2028
      • 7.5.1 Latin America Cannabis Testing Market, by Test Type, 2022 - 2028 (USD Billion)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Cannabis Testing Market, 2022 - 2028 (USD Billion)
        • 7.7.5.1 The Middle-East and Africa Cannabis Testing Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 The Middle-East and Africa Cannabis Testing Market, by Technology, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Cannabis Testing Market, by Technology, 2022 - 2028 (USD Billion)
    • 7.5 The Middle-East and Africa Cannabis Testing Market, by Test Type, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Cannabis Testing Market, by Test Type, 2022 - 2028 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Thermo Fisher Scientific
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 MERCK KGAA
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Shimadzu Corporation
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Agilent Technologies Inc.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 PharmLabs LLC
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 SC Laboratories Inc.
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Steep Hill Inc.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 DigiPath Inc.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 GreenLeaf Lab
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 CW ANALYTICAL
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Cannabis Testing Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Cannabis Testing Market attractiveness, By Technology
  • 6. Global Cannabis Testing Market attractiveness, By Test Type
  • 7. Global Cannabis Testing Market share by Technology, 2022 and 2028 (USD Billion)
  • 8. Global Cannabis Testing Market by Chromatography, 2022 - 2028 (USD Billion)
  • 9. Global Cannabis Testing Market by Spectroscopy, 2022 - 2028 (USD Billion)
  • 10. Global Cannabis Testing Market share by Test Type, 2022 and 2028 (USD Billion)
  • 11. Global Cannabis Testing Market by Potency Testing, 2022 - 2028 (USD Billion)
  • 12. Global Cannabis Testing Market by Pesticide Screening, 2022 - 2028 (USD Billion)
  • 13. Global Cannabis Testing Market by Residual Solvent Screening, 2022 - 2028 (USD Billion)
  • 14. Global Cannabis Testing Market by Heavy Metal Testing, 2022 - 2028 (USD Billion)
  • 15. Global Cannabis Testing Market by Terpene Testing, 2022 - 2028 (USD Billion)
  • 16. Global Cannabis Testing Market by Mycotoxin Testing, 2022 - 2028 (USD Billion)
  • 17. Global Cannabis Testing Market share, by Region, 2022 and 2028
  • 18. North America Cannabis Testing Market, 2022 - 2028 (USD Billion)
  • 19. Europe Cannabis Testing Market, 2022 - 2028 (USD Billion)
  • 20. Asia Pacific Cannabis Testing Market, 2022 - 2028 (USD Billion)
  • 21. Latin America Cannabis Testing Market, 2022 - 2028 (USD Billion)
  • 22. The Middle-East and Africa Cannabis Testing Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Cannabis Testing Market: Snapshot
  • 2. Drivers of the Cannabis Testing Market: impact analysis
  • 3. North America Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 4. North America Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 5. U.S. Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 6. U.S. Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 7. Canada Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 8. Canada Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 9. Europe Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 10. Europe Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 11. Germany Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 12. Germany Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 13. France Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 14. France Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 15. U.K. Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 16. U.K. Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 17. Italy Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 18. Italy Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 19. Spain Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 20. Spain Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 21. Rest of Europe Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 22. Rest of Europe Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 23. Asia Pacific Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 24. Asia Pacific Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 25. China Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 26. China Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 27. Japan Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 28. Japan Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 29. India Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 30. India Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 31. South Korea Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 32. South Korea Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 33. South-East Asia Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 34. South-East Asia Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 35. Rest of Asia Pacific Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 36. Rest of Asia Pacific Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 37. Latin America Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 38. Latin America Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 39. Brazil Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 40. Brazil Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 41. Mexico Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 42. Mexico Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 43. Rest of Latin America Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 44. Rest of Latin America Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 45. The Middle-East and Africa Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 46. The Middle-East and Africa Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 47. GCC Countries Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 48. GCC Countries Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 49. South Africa Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 50. South Africa Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)
  • 51. Rest of Middle-East Africa Cannabis Testing Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 52. Rest of Middle-East Africa Cannabis Testing Market revenue, By Test Type, 2022 - 2028 (USD Billion)

Methodology

Free Analysis

Cannabis is a type of psychoactive drug that has recreational and medicinal uses. Cannabis mainly consists of THC (tetrahydrocannabinol) that causes changes in perception, increases appetite and sensation of euphoria. There are different types of cannabis, such as topical cannabis, inhaling cannabis, solid edible cannabis, and liquid edible cannabis, which are tested during the cannabis testing procedure.

The increase in the use of medical cannabis for various applications, such as reduction of nausea caused after chemotherapy, stimulation of appetite in patients suffering from AIDS, and controlling of muscle spasms, is fueling the demand for cannabis globally. This increase in demand has led to the legalization of cannabis by governments in various countries. For instance, Australia legalized medical cannabis in 2016, which is fuelling the growth of the global cannabis testing market. The rise in adoption of the cannabis software namely LIMS in the cannabis testing labs and the rise in the number of awareness programs such as workshops and conferences in various countries is also driving the global market for cannabis testing. However, the high cost of instruments and the lack of skilled professionals are hampering the development of the global cannabis testing market.

Global Cannabis Testing Market

The global cannabis testing market can be divided based on product and software, a method of testing, and end-users. Based on product and software, this market can be classified into products and software. The product segment is further divided into analytical instruments, which includes spectroscopy instruments, chromatography instruments, and others, and consumable includes standards and CRMS, chromatography columns, sample preparation products, and supplies and accessories. In 2017, the product segment acquired the largest market share. On the basis of the method of testing, this market can be categorized into potency, pesticide screening, microbial analysis, genetic, heavy metal, residual solvent screening, and terpene profiling. The potency segment is anticipated to dominate the market in the forecast timeframe. Based on end-users, the cannabis testing market can be fragmented into research institutions, cannabis testing laboratories, drug manufacturers and dispensaries, and cultivators. The cannabis testing laboratories segment is projected to lead the end-user segment of the cannabis testing market in the forecast timeframe.

North America is projected to lead the cannabis testing market in the upcoming years, due to the legalization of cannabis by major states in the U.S. and Canada and the presence of major market players. Asia Pacific region is anticipated to show the highest growth rate for cannabis testing market. The rise in the use of cannabis to treat diseases, growing awareness about cannabis among the population in developing countries, and an increase in the number of cannabis testing labs are driving the growth of the cannabis testing market in the Asia Pacific region.

The main players in the global cannabis testing market are AB Sciex LLC, Agilent Technologies, Inc., Waters Corporation, CannaSys, Inc., Shimadzu Corporation, GenTech Scientific, Millipore Sigma, PerkinElmer, Inc., PharmLabs, LLC, and Cannabix Technologies, Inc. These companies focus on the introduction of new technologies that can be used for cannabis testing. For instance, in November 2016, Waters Corporation introduced CORTECS Shield RP18 and CORTECS T3, which are used to analyze complex samples at low costs.

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FrequentlyAsked Questions

With rising legalization of cannabis, an increase in adoption of its testing is been witnessed which in turn is fostering the growth of the global cannabis testing market. In addition to this, increasing number of cultivators and growing necessity for safety & efficacy of cannabis products are also some of the key factors that are fueling the market growth.

According to the Zion Market Research report, the global cannabis testing market was worth about 1.35 (USD billion) in 2021 and is predicted to grow to around 10.86 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 19.8 percent.

Geographically, North America is estimated to dominate the global cannabis testing market during the forecast period. The existence of a significant number of cultivators in the region, as well as an increase in the number of testing laboratories in the region due to strict government restrictions for cannabis producers, are key drivers promoting market growth in this region.

Some of the dominant players that are functioning in the global cannabis testing market are Thermo Fisher Scientific, MERCK KGAA, Shimadzu Corporation, Agilent Technologies, Inc., PharmLabs LLC, SC Laboratories, Inc., Steep Hill Inc., DigiPath, Inc., GreenLeaf Lab, and CW ANALYTICAL, among others.

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