Cannabis Testing Services Market, Global Outlook and Forecast 2023-2029

Report ID: MMG204414 | Category: Service & Software | Pages: 64 | Format: PDF | Published Date: September 05,2023

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Report Summary

The cannabis plant in its cultivation phase gets exposed to various contaminants, which mainly include heavy metals from the soil, fungus, molds, and pesticides. These contaminants are unfit for human consumption and can harm consumers by causing severe fatalities and respiratory diseases. Many regulatory agencies have started establishing maximum quantity limits on residual solvents, insecticides, pesticides, heavy metals, microbes, and mycotoxins for testing plant samples. It further resulted in the establishment of many new laboratories, particularly in regions where cultivation is booming.
This report aims to provide a comprehensive presentation of the global market for Cannabis Testing Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cannabis Testing Services. This report contains market size and forecasts of Cannabis Testing Services in global, including the following market information:
Global Cannabis Testing Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Cannabis Testing Services market was valued at US$ 2175.3 million in 2022 and is projected to reach US$ 3500.8 million by 2029, at a CAGR of 7.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Potency Testing Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Cannabis Testing Services include Saskatchewan Research Council (SRC), SC Labs, Steep Hill, Inc., SGS Canada Inc., CW ANALYTICAL, PharmLabs and GreenLeaf Lab, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Cannabis Testing Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cannabis Testing Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Cannabis Testing Services Market Segment Percentages, by Type, 2022 (%)
    Potency Testing
    Terpene Profiling
    Heavy Metal Testing
    Pesticide Screening
    Microscopy Testing
    Residual Solvent Screening
    Others
Global Cannabis Testing Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Cannabis Testing Services Market Segment Percentages, by Application, 2022 (%)
    Cannabis Drug Manufacturers
    Cannabis Cultivators/Growers
    Research Institutes
Global Cannabis Testing Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Cannabis Testing Services Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Cannabis Testing Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Cannabis Testing Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Saskatchewan Research Council (SRC)
    SC Labs
    Steep Hill, Inc.
    SGS Canada Inc.
    CW ANALYTICAL
    PharmLabs
    GreenLeaf Lab
Outline of Major Chapters:
Chapter 1: Introduces the definition of Cannabis Testing Services, market overview.
Chapter 2: Global Cannabis Testing Services market size in revenue.
Chapter 3: Detailed analysis of Cannabis Testing Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Cannabis Testing Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Cannabis Testing Services Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Cannabis Testing Services Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Cannabis Testing Services Overall Market Size
    2.1 Global Cannabis Testing Services Market Size: 2022 VS 2029
    2.2 Global Cannabis Testing Services Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Cannabis Testing Services Players in Global Market
    3.2 Top Global Cannabis Testing Services Companies Ranked by Revenue
    3.3 Global Cannabis Testing Services Revenue by Companies
    3.4 Top 3 and Top 5 Cannabis Testing Services Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Cannabis Testing Services Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Cannabis Testing Services Players in Global Market
        3.6.1 List of Global Tier 1 Cannabis Testing Services Companies
        3.6.2 List of Global Tier 2 and Tier 3 Cannabis Testing Services Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Cannabis Testing Services Market Size Markets, 2022 & 2029
        4.1.2 Potency Testing
        4.1.3 Terpene Profiling
        4.1.4 Heavy Metal Testing
        4.1.5 Pesticide Screening
        4.1.6 Microscopy Testing
        4.1.7 Residual Solvent Screening
        4.1.8 Others
    4.2 By Type - Global Cannabis Testing Services Revenue & Forecasts
        4.2.1 By Type - Global Cannabis Testing Services Revenue, 2018-2023
        4.2.2 By Type - Global Cannabis Testing Services Revenue, 2024-2029
        4.2.3 By Type - Global Cannabis Testing Services Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Cannabis Testing Services Market Size, 2022 & 2029
        5.1.2 Cannabis Drug Manufacturers
        5.1.3 Cannabis Cultivators/Growers
        5.1.4 Research Institutes
    5.2 By Application - Global Cannabis Testing Services Revenue & Forecasts
        5.2.1 By Application - Global Cannabis Testing Services Revenue, 2018-2023
        5.2.2 By Application - Global Cannabis Testing Services Revenue, 2024-2029
        5.2.3 By Application - Global Cannabis Testing Services Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Cannabis Testing Services Market Size, 2022 & 2029
    6.2 By Region - Global Cannabis Testing Services Revenue & Forecasts
        6.2.1 By Region - Global Cannabis Testing Services Revenue, 2018-2023
        6.2.2 By Region - Global Cannabis Testing Services Revenue, 2024-2029
        6.2.3 By Region - Global Cannabis Testing Services Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Cannabis Testing Services Revenue, 2018-2029
        6.3.2 US Cannabis Testing Services Market Size, 2018-2029
        6.3.3 Canada Cannabis Testing Services Market Size, 2018-2029
        6.3.4 Mexico Cannabis Testing Services Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Cannabis Testing Services Revenue, 2018-2029
        6.4.2 Germany Cannabis Testing Services Market Size, 2018-2029
        6.4.3 France Cannabis Testing Services Market Size, 2018-2029
        6.4.4 U.K. Cannabis Testing Services Market Size, 2018-2029
        6.4.5 Italy Cannabis Testing Services Market Size, 2018-2029
        6.4.6 Russia Cannabis Testing Services Market Size, 2018-2029
        6.4.7 Nordic Countries Cannabis Testing Services Market Size, 2018-2029
        6.4.8 Benelux Cannabis Testing Services Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Cannabis Testing Services Revenue, 2018-2029
        6.5.2 China Cannabis Testing Services Market Size, 2018-2029
        6.5.3 Japan Cannabis Testing Services Market Size, 2018-2029
        6.5.4 South Korea Cannabis Testing Services Market Size, 2018-2029
        6.5.5 Southeast Asia Cannabis Testing Services Market Size, 2018-2029
        6.5.6 India Cannabis Testing Services Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Cannabis Testing Services Revenue, 2018-2029
        6.6.2 Brazil Cannabis Testing Services Market Size, 2018-2029
        6.6.3 Argentina Cannabis Testing Services Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Cannabis Testing Services Revenue, 2018-2029
        6.7.2 Turkey Cannabis Testing Services Market Size, 2018-2029
        6.7.3 Israel Cannabis Testing Services Market Size, 2018-2029
        6.7.4 Saudi Arabia Cannabis Testing Services Market Size, 2018-2029
        6.7.5 UAE Cannabis Testing Services Market Size, 2018-2029
7 Cannabis Testing Services Companies Profiles
    7.1 Saskatchewan Research Council (SRC)
        7.1.1 Saskatchewan Research Council (SRC) Company Summary
        7.1.2 Saskatchewan Research Council (SRC) Business Overview
        7.1.3 Saskatchewan Research Council (SRC) Cannabis Testing Services Major Product Offerings
        7.1.4 Saskatchewan Research Council (SRC) Cannabis Testing Services Revenue in Global Market (2018-2023)
        7.1.5 Saskatchewan Research Council (SRC) Key News & Latest Developments
    7.2 SC Labs
        7.2.1 SC Labs Company Summary
        7.2.2 SC Labs Business Overview
        7.2.3 SC Labs Cannabis Testing Services Major Product Offerings
        7.2.4 SC Labs Cannabis Testing Services Revenue in Global Market (2018-2023)
        7.2.5 SC Labs Key News & Latest Developments
    7.3 Steep Hill, Inc.
        7.3.1 Steep Hill, Inc. Company Summary
        7.3.2 Steep Hill, Inc. Business Overview
        7.3.3 Steep Hill, Inc. Cannabis Testing Services Major Product Offerings
        7.3.4 Steep Hill, Inc. Cannabis Testing Services Revenue in Global Market (2018-2023)
        7.3.5 Steep Hill, Inc. Key News & Latest Developments
    7.4 SGS Canada Inc.
        7.4.1 SGS Canada Inc. Company Summary
        7.4.2 SGS Canada Inc. Business Overview
        7.4.3 SGS Canada Inc. Cannabis Testing Services Major Product Offerings
        7.4.4 SGS Canada Inc. Cannabis Testing Services Revenue in Global Market (2018-2023)
        7.4.5 SGS Canada Inc. Key News & Latest Developments
    7.5 CW ANALYTICAL
        7.5.1 CW ANALYTICAL Company Summary
        7.5.2 CW ANALYTICAL Business Overview
        7.5.3 CW ANALYTICAL Cannabis Testing Services Major Product Offerings
        7.5.4 CW ANALYTICAL Cannabis Testing Services Revenue in Global Market (2018-2023)
        7.5.5 CW ANALYTICAL Key News & Latest Developments
    7.6 PharmLabs
        7.6.1 PharmLabs Company Summary
        7.6.2 PharmLabs Business Overview
        7.6.3 PharmLabs Cannabis Testing Services Major Product Offerings
        7.6.4 PharmLabs Cannabis Testing Services Revenue in Global Market (2018-2023)
        7.6.5 PharmLabs Key News & Latest Developments
    7.7 GreenLeaf Lab
        7.7.1 GreenLeaf Lab Company Summary
        7.7.2 GreenLeaf Lab Business Overview
        7.7.3 GreenLeaf Lab Cannabis Testing Services Major Product Offerings
        7.7.4 GreenLeaf Lab Cannabis Testing Services Revenue in Global Market (2018-2023)
        7.7.5 GreenLeaf Lab Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Cannabis Testing Services Market, Global Outlook and Forecast 2023-2029

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