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The global Soil Testing Equipment Market is expected to reach around USD 3.3 billion in the year 2020 and is expected to account to a value of USD 6.2 billion by 2025, with 10.8% CAGR from 2020. Some of the key driver factoring to this growth in this market are need for better farm management methods, industrialization, agricultural intensification, and the need for quicker and more accurate test results.<br><br>
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Soil Testing Equipment Market Global Soil Testing Equipment Market was valued around USD 3.3 billion in the year 2020 and is expected to account to a value of USD 6.2 billion by 2025, with 10.8% CAGR from during forecast period 2020-2025. Some of the key driver factoring to this growth in this market are need for better farm management methods, industrialization, agricultural intensification, and the need for quicker and more accurate test results. The rapid implementation of precision farming maximizes crop yield and profitability and tests the fertility of the soil, leachability, and nutrient movement, helping to improve soil formulation and quality. This has also allowed farmers or growers to segregate fields into zones, developing a site-specific strategy to optimize yields and minimize input costs. Thus, these variables have contributed to the development of the global market for soil testing equipment.
Soil Testing Equipment Market Equipment for soil testing helps classify possible hazardous contaminants, the degree of fertility and soil mineral testing. Rapid industrialization and growth of infrastructure and growing demand for quicker and more accurate test results The growth of the construction and infrastructure industries, due to the rising population and rapid urbanization, is driving market growth. OPPORTUNTIES Favourable government precision farming initiatives and growing R&D activities To increase the market for the production of advanced and creative soil testing equipment, strict government regulations and specifications for construction materials are expected.
Soil Testing Equipment Market GEOGRAPHICAL ANALYSIS Based on Geography, the Soil testing equipment market is segmented into- North America – US, Canada Europe – Germany, UK, France, Italy, Spain, Rest of Europe Asia Pacific (APAC) – India, Japan, China, Rest of APAC Rest of the World – Middle East & Africa.
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