Soil Testing Kit Market Trends

Growth Drivers

• Rising awareness about environment conservation and eco-friendly farming - The demand for soil testing kit has increased due to the rising awareness about organic farming and environment conservation practices. According to a recent report, with a turnover of 15.87 billion euros in the year 2021, Germany remains the largest market for organic food in Europe. Additionally, the soil testing kit helps in determining soil fertility, and measures the amount of nutrients, moisture content, and pollutants present in the soil. To check soil health in agriculture is significant for maximizing crop yields.
  
  Furthermore, due to environmental concerns, the demand for soil analysis in various industries such as mining, construction, and geotechnical engineering boosts the soil testing kit market growth.
• Growing demand for precision agriculture - Precision agriculture ensures the use of agricultural inputs such as organic fertilizers, herbicides, and water precisely. Farmers and agricultural laborers use soil testing kit to make informed decisions about growing crops, watering, and effective crop management.
  
  Moreover, due to the rising demand for precision agricultural practices, the soil testing kit is widely adopted by farmers from various backgrounds. Therefore, the rising precision agricultural practices among farmers stimulate the market growth of soil testing kit in the forecast period.
• Increasing popularity of portable soil testing kit - There are various advantages of portable soil testing kit such as it is economical because it reduces the need to pay to lab for analyzing soil samples. These kits have easy-to-use software that can be used by people with different levels of technical skills.
  
  Additionally, farmers use portable soil testing kit to collect precise data without any need for training sessions which further expands the market size of soil testing kit. An analysis found that by deep soil testing before planting corn, cotton, or wheat, the projected savings from USD 13 to USD 189 per acre are possible.

Challenges

• High cost of soil testing kit - The use of soil testing kit is restricted in small-scale farms with limited finances due to its high cost. Lack of funds to invest in these kits hamper the soil testing kit growth. The operating cost of kit includes labor cost and maintenance which is not affordable by resource-restrained small farms.
• Lack of awareness about the benefits of soil testing kit - The lack of awareness among farmers and agricultural stakeholders about the benefits and importance of soil testing kit is a challenge. Moreover, the limited access to reliable and cost-effective soil testing kit especially in rural areas hamper the soil testing kit market growth.