North American Market Statistics
By the end of 2037, North American region in soil testing kit market is projected to dominate around 47% revenue share. The market growth in the region is also expected on account of the higher adoption of soil regulatory standards in the region.
The ongoing developments in the construction and agricultural industry in the US and the higher use of soil testing kit in the construction industry boost the market growth of soil testing kit. According to recent information, 2022 was a record-breaking year for the American agriculture industry. The agricultural sector sold USD 552.6 billion in commodities including animal products and crops.
The market for soil testing kit has expanded in Canada due to the growing trend of organic farming among farmers and the rising funds for environmental protection in the region has increased the demand for soil testing.
APAC Market Analysis
The APAC region will also encounter huge growth for the soil testing kit market during the forecast period and will hold the second position owing to sustainable farming practices in the agricultural sector.
The ongoing research and development activities in China in farm management and precision farming have stimulated the market growth of soil testing kit. Furthermore, the growing population and their demand for food have expanded the agricultural sector in China and increased the use of soil testing kit.
The rising per capita income in India boosts the development of existing infrastructural projects and construction activities. Due to this, soil testing kits are widely adopted for the development of infrastructural projects which expanded its market size in the region. According to a recent report, India’s national per capita net national income was around 170 thousand rupees in the financial year 2023.
Author Credits: Nilanjana Ray
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