Driven by the growing demand for medical and recreational cannabis, along with its increasing global legalization, a substantial number of product manufacturers are leveraging the expertise of testing service providers in this industry

Roots Analysis has announced the addition of “Cannabis Testing Market, 2023-2035” report to its list of offerings.

The report features an extensive study on the current landscape and the likely future potential of cannabis testing market over the next decade. The study also features an in-depth analysis, highlighting the capabilities of various stakeholders engaged in this domain. Amongst other elements, the report features:

§  An executive summary of the insights captured during our research. It offers a high-level view on the current state of the cannabis testing market and its likely evolution in the mid-long term.

§  A general introduction to cannabis testing, along with details related to the applications and needs for testing cannabis infused products. In addition, this section presents information on different types of testing protocols mandated by the regulatory authorities to ensure consumer safety. Further, it concludes with a discussion on the emerging trends in cannabis testing and future perspectives in this market.

§  A detailed assessment of the overall market landscape of cannabis testing labs based on several relevant parameters, such as year of establishment, company size (in terms of employee count), location of headquarters, type of offering(s) (cannabis testing services or cannabis testing services & products), type of company (private company or public company), number of facilities (less than 5 facilities, 5 to 10 facilities, and more than 10 facilities), type of accreditation(s) / certification(s) (ISO, PJLA, DEA, A2LA, USDA, FDA, ELAP, AOAC, CDPHE, UKAS, NCIA, NELAP, DCC, ORELAP, HIA, CLIA, ANAB ANSI, and Others), number of accreditation(s) / certification(s) (less than 5 accreditations, 5-10 accreditations, and undisclosed), type of testing solution(s) offered (potency testing, terpenes testing, microbial analysis, pesticides testing, residual solvents testing, heavy metals testing, mycotoxins testing, moisture analysis, DNA genotyping, vitamin E acetate testing, and flavonoids testing), type of sample(s) tested (edibles and infused products, cannabis buds / flowers, cannabis extracts / concentrates, and cannabis oils), type of cannabis and hemp tested (by legal status - medical cannabis, hemp, recreational / adult-use cannabis, and others), and end-user(s) (cannabis cultivators / growers, cannabis drug / product manufacturers, cannabis edible manufacturers, and other research institutes). 

§  An insightful competitiveness analysis of cannabis testing labs based on company strength (in terms of years of experience), portfolio strength (in terms of type of company, number of facilities, type of offerings, number of testing solutions offered, number of samples tested, type of cannabis and hemp tested, and number of end-users) and number of accreditations / certifications.

§  Elaborate profiles of key cannabis testing labs (shortlisted based on a proprietary criterion); each profile includes a brief overview of the company, along with information on its financial information (if available), service portfolio, recent developments and an informed future outlook.

§  A detailed assessment of the overall market landscape of cannabis testing product providers, based on several relevant parameters, such as their year of establishment, company size (in terms of employee count), location of headquarters, type of offering(s) (cannabis testing products or cannabis testing services & products), type of testing product(s) offered (analytical instruments, consumables, reagents and additional software solutions), type of analytical instrument(s) offered (chromatography instruments, spectroscopy instruments and others), and type of additional software solution(s) offered (Laboratory Information Management System (LIMS), Customer Relationship Management (CRM), Enterprise Resource Planning (ERP)).

§  A detailed analysis of the partnerships that have been inked within the cannabis testing market, since 2018, based on several relevant parameters, such as year of partnership, type of partnership (mergers and acquisitions, research and development agreements, service alliances, technology integration agreements, distribution agreements, licensing agreements and other agreements), type of partner (industry and non-industry), geographical location of the companies involved, and most active players (in terms of number of partnerships).

§  An in-depth analysis of recent events (webinars / conferences / expos / summits) that were organized across different regions of the globe for stakeholders in this market, based on several relevant parameters, such as year of event, event platform, type of event, year and type of event, distribution of events by geography, evolutionary trends in event agenda / key focus area, most popular event organizers, most active industry players, most active non-industry players, most active speakers (in terms of number of events), details of the designation of speakers, affiliated department of event speakers and a geographical mapping of upcoming events.

§  One of the key objectives of the report was to estimate the current opportunity and future growth potential of cannabis testing market over the coming years. We have provided informed estimates on the likely evolution of the market for the period, 2023-2035. Our year-wise projections of the current and future opportunity have further been segmented based on relevant parameters, such as type of cannabis tested, type of sample tested, company size and key geographical regions. In order to account for future uncertainties associated with some of the key parameters and to add robustness to our model, we have provided three market forecast scenarios, namely conservative, base, and optimistic scenarios, representing different tracks of the industry’s evolution.

By 2035, financial opportunity within the cannabis testing market has been analyzed across the following segments:

§   Type of Cannabis Tested

§     Medical Cannabis

§     Recreational / Adult-use Cannabis

§   Type of Sample Tested

§     Flowers

§     Extracts

§     Edibles

§     Others

§   Company Size 

§     Large

§     Mid-sized

§     Small

§   Key Geographical Regions 

§     North America

§     Europe

§     Asia-Pacific

§     Latin America

§     Middle East and North Africa

Key companies covered in the report

§  AccuScience Laboratories

§  Anresco Labs

§  CDX Analytics

§  Coastal Analytical

§  Eurofins Scientific

§  EVIO Labs

§  FoodChain ID

§  LGC

§  Medicine Creek Analytics

§  SGS

§  Tentamus

To view more details on this report, click on the link:

https://www.rootsanalysis.com/reports/cannabis-testing-market.html

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Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights.

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