Cannabis Testing Services Market Size, Share & Growth 2031
Cannabis Testing Services Market Size, Share & Growth 2031
Segments - Cannabis Testing Services Market by Types (Terpene Profiling, Pesticide Screening, Residual Solvent Screening, Potency Testing, Heavy Metal Testing, Microscopy Testing, and Others), End-users (Cannabis Cultivators/Growers, Cannabis Drug Manufacturers, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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Report Description
Cannabis Testing Services Market Outlook 2031
The global cannabis testing service market size was valued at USD 1.60 billion in 2022 and is projected to surpass USD 6.52 billion by 2031, expanding at a significant CAGR 16.9% during the forecast period, 2023–2031. The growing market of cannabis service is attributed to the rising demand for cannabis products for medical applications and increasing issues related to contamination cases such as molds, fungus, pesticides, and heavy metals from the soil affecting cannabis plants.
Cannabis testing deals with a type of screening process to detect the presence of harmful and non-hygienic compounds or bacteria that contaminate the cannabis plants. In general, these plants are exposed to the risk of various contaminations due to the development of fungus, bacteria, and molds from the soil during the cultivation.
Moreover, using pesticides is one of the key factors causing the contamination and various testing are conducted to detect the levels of the presence of harmful compounds in the plants. Rapid growth of the cannabis market can be attributed to the rising medical applications of cannabis for several disease treatment and development of drugs.
For various medical applications, for example, ranging from pain management to reducing stress for patients having severe pain and psychological related disorders, cannabis has come into play a crucial role.
The outbreak of COVID-19 pandemic has affected the market as it forced to shut the production units of several cannabis testing devices. Moreover, low demand for instruments, consumables, and reagents, as along with the global supply chain interruptions and trade restrictions have harmed the cannabis testing services market.
Cannabis Testing Services Market Trends, Drivers, Restraints, and Opportunities
- Gradually legalizing of medical cannabis for medical applications and rising demand of cannabis products for drug development are expected to propel the market growth.
- Rising development of effective testing laboratory services and expansion of clinical labs for assuring the quality of cultivated cannabis help to fuel the market expansion.
- Stringent rules and regulations from government bodies in many regions to ensure maximum quality production of cannabis and encourage maximize cultivation process are key factors boosting the market.
- High cost of the testing equipment and inadequacy of highly skilled personnel for handling the testing devices are major restraining factors expected to hamper the market expansion.
- Various investors, prominent players, and government bodies are investing in developing and improving the standards for cannabis testing laboratories. This is a key opportunity for the market expansion.
- Ongoing medical research & development programs from several institutes and key players to enhance the laboratory testing are likely to offer immense opportunities for the market development in the long run.
Scope of The Cannabis Testing Services Market Report
The report on the global cannabis testing services market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Cannabis Testing Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Terpene Profiling, Pesticide Screening, Residual Solvent Screening, Potency Testing, Heavy Metal Testing, Microscopy Testing, and Others) and End-Users (Cannabis Cultivators/Growers, Cannabis Drug Manufacturers, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Saskatchewan Research Council (SRC); SC Labs; Steep Hill, Inc.; SGS Canada Inc.; CW ANALYTICAL; PharmLabs; and GreenLeaf Lab. |
Cannabis Testing Services Market Segment Insights
Potency testing segment is anticipated to hold a major share
On the basis of types, the global cannabis testing services is segmented into terpene profiling, pesticide screening, residual solvent screening, potency testing, heavy metal testing, microscopy testing, and others. The potency testing segment is anticipated to hold a major market share in the coming years owing to wide adoption of techniques such as high performance liquid chromatography and gas chromatography for examining the samples.
Moreover, the testing type is also widely adopted for testing the potency of cannabidol (CBD) and tetrahydrocannabinol (THC) present in cannabis plants. This factor is expected to boost the segment growth. Furthermore, potency testing service ensures that consumers are well informed about the standards of the products, which is further anticipated to propel the segment expansion during the forecast period.
On the other hand, the microscopy testing segment is expected to register a high CAGR during the forecast period due to rising demand for quality checks for cannabinoids to make sure accurate labeling of products in medical and recreational markets.
Cannabis cultivators/growers segment is expected to capture a large market share
Based on end-users, the market is categorized as cannabis cultivators/growers, cannabis drug manufacturers, and others. The Cannabis cultivators/growers is expected to capture a large market share in the coming years owing to the emerging wide collaborating of cannabis cultivators with the professional testing laboratories and research centers.
In various countries, governments have imposed stricter rules and regulations on the THC content found in cannabis products. However, cultivators got to sell different sort of plants supported their CBD and THC content to producers and distributors at different rates. These are the major factors contributing to the expansion of the segment.
On the one hand, the cannabis drug manufacturers segment is anticipated to boost up its market share during the forecast period. The increasing usage of marijuana as a medicinal treatment as well as expansion in cannabis-based clinical trials by prominent pharmaceutical companies such as Sanofi, Solvay Pharmaceuticals, and Pfizer, are driving the segment growth.
Sanofi, for example, has done thirty-eight cannabis-based clinical trials while Solvay Pharmaceuticals has conducted seven and Pfizer has conducted four.
North America is expected to dominate the market
In terms of regions, the global cannabis testing services market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market, accounting for a significant growth rate in the coming years. The regional market growth can be attributed to the existence of a significant number of cultivators as well as an increase in the number of testing laboratories in the region.
Favorable governments' policies for the use of cannabis products for several medical applications and gradual expansion of the regional marijuana producers are key factors contributing the market growth in this region.
The market of Europe, on the other hand, is estimated to develop at a fast growth rate during the forecast period. The stricter regulations for cannabis testing and rising usage of the plants for several medicinal research and development in prominent European-based countries are anticipated to propel the regional market expansion.
Segments
The global cannabis testing services market has been segmented on the basis of
Types
- Terpene Profiling
- Pesticide Screening
- Residual Solvent Screening
- Potency Testing
- Heavy Metal Testing
- Microscopy Testing
- Others
End-Users
- Cannabis Cultivators/Growers
- Cannabis Drug Manufacturers
- Others (Research Institutes & Labs)
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Saskatchewan Research Council (SRC)
- SC Labs
- Steep Hill, Inc.
- SGS Canada Inc.
- CW ANALYTICAL
- PharmLabs
- GreenLeaf Lab
Competitive Landscape
Key players competing in cannabis service testing market are Saskatchewan Research Council (SRC); SC Labs; Steep Hill, Inc.; SGS Canada Inc.; CW ANALYTICAL; PharmLabs; and GreenLeaf Lab.
Some of these companies are expanding their geographical reach and obtaining certifications so that they can add more values to their offerings and product portfolio. Green Leaf Lap had obtained ORELAP accreditation in in September 2016 and in March 2020. Oregon was among the first cannabis service testing companies that received license ISO/IEC 17025:2017 for the development activities of cannabis plants for various healthcare purposes.
Medicinal Genomics Corp. (MGC) and Eurofins Scientific entered into partnership in December 2019 and introduced advanced version of Single Nucleotide Polymorphism (SNP) chip, which helps in advancement of cannabis genotyping, pathogen testing, and breeding. Such innovations are propelling the growth of the market and the market competition.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Cannabis Testing Services Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cannabis Testing Services Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cannabis Testing Services Market - Supply Chain
4.5. Global Cannabis Testing Services Market Forecast
4.5.1. Cannabis Testing Services Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cannabis Testing Services Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Cannabis Testing Services Market Absolute $ Opportunity
5. Global Cannabis Testing Services Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Cannabis Testing Services Market Size and Volume Forecast by Types
5.3.1. Terpene Profiling
5.3.2. Pesticide Screening
5.3.3. Residual Solvent Screening
5.3.4. Potency Testing
5.3.5. Heavy Metal Testing
5.3.6. Microscopy Testing
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Cannabis Testing Services Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Cannabis Testing Services Market Size and Volume Forecast by End Users
6.3.1. Cannabis Cultivators/Growers
6.3.2. Cannabis Drug Manufacturers
6.3.3. Others (Research Institutes & Labs)
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Cannabis Testing Services Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Cannabis Testing Services Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Cannabis Testing Services Demand Share Forecast, 2019-2026
8. North America Cannabis Testing Services Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Cannabis Testing Services Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Cannabis Testing Services Market Size and Volume Forecast by Types
8.4.1. Terpene Profiling
8.4.2. Pesticide Screening
8.4.3. Residual Solvent Screening
8.4.4. Potency Testing
8.4.5. Heavy Metal Testing
8.4.6. Microscopy Testing
8.4.7. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Cannabis Testing Services Market Size and Volume Forecast by End Users
8.7.1. Cannabis Cultivators/Growers
8.7.2. Cannabis Drug Manufacturers
8.7.3. Others (Research Institutes & Labs)
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Cannabis Testing Services Demand Share Forecast, 2019-2026
9. Latin America Cannabis Testing Services Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Cannabis Testing Services Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Cannabis Testing Services Market Size and Volume Forecast by Types
9.4.1. Terpene Profiling
9.4.2. Pesticide Screening
9.4.3. Residual Solvent Screening
9.4.4. Potency Testing
9.4.5. Heavy Metal Testing
9.4.6. Microscopy Testing
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Cannabis Testing Services Market Size and Volume Forecast by End Users
9.7.1. Cannabis Cultivators/Growers
9.7.2. Cannabis Drug Manufacturers
9.7.3. Others (Research Institutes & Labs)
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Cannabis Testing Services Demand Share Forecast, 2019-2026
10. Europe Cannabis Testing Services Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Cannabis Testing Services Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Cannabis Testing Services Market Size and Volume Forecast by Types
10.4.1. Terpene Profiling
10.4.2. Pesticide Screening
10.4.3. Residual Solvent Screening
10.4.4. Potency Testing
10.4.5. Heavy Metal Testing
10.4.6. Microscopy Testing
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Cannabis Testing Services Market Size and Volume Forecast by End Users
10.7.1. Cannabis Cultivators/Growers
10.7.2. Cannabis Drug Manufacturers
10.7.3. Others (Research Institutes & Labs)
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Cannabis Testing Services Demand Share Forecast, 2019-2026
11. Asia Pacific Cannabis Testing Services Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Cannabis Testing Services Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Cannabis Testing Services Market Size and Volume Forecast by Types
11.4.1. Terpene Profiling
11.4.2. Pesticide Screening
11.4.3. Residual Solvent Screening
11.4.4. Potency Testing
11.4.5. Heavy Metal Testing
11.4.6. Microscopy Testing
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Cannabis Testing Services Market Size and Volume Forecast by End Users
11.7.1. Cannabis Cultivators/Growers
11.7.2. Cannabis Drug Manufacturers
11.7.3. Others (Research Institutes & Labs)
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Cannabis Testing Services Demand Share Forecast, 2019-2026
12. Middle East & Africa Cannabis Testing Services Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Cannabis Testing Services Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Cannabis Testing Services Market Size and Volume Forecast by Types
12.4.1. Terpene Profiling
12.4.2. Pesticide Screening
12.4.3. Residual Solvent Screening
12.4.4. Potency Testing
12.4.5. Heavy Metal Testing
12.4.6. Microscopy Testing
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Cannabis Testing Services Market Size and Volume Forecast by End Users
12.7.1. Cannabis Cultivators/Growers
12.7.2. Cannabis Drug Manufacturers
12.7.3. Others (Research Institutes & Labs)
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Cannabis Testing Services Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Cannabis Testing Services Market: Market Share Analysis
13.2. Cannabis Testing Services Distributors and Customers
13.3. Cannabis Testing Services Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Saskatchewan Research Council (SRC)
13.4.2. SC Labs
13.4.3. Steep Hill, Inc.
13.4.4. SGS Canada Inc.
13.4.5. CW ANALYTICAL
13.4.6. PharmLabs
13.4.7. GreenLeaf Lab
Methodology
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