Cannabis Testing Market To Be Worth $1.4 Million by 2021

The Cannabis Testing Market is set to be worth 1,416.3 million USD by 2021 from $822.0 Million USD in the year 2016, according to recent estimates. Markets & Markets, a global research firm based in India, published the report on the basis of a Global Forecast made by Product & Software (GC, LG, Column, Accessories, Standards, Spectroscopy (Atomic, MS)), Service (Heavy Metal, Potency, Genetic Testing, Pesticides) and End User (Research, Pharmaceutical, Lab) Companies. Additionally, this market will grow to a CAGR of 11.5% during the forecast period of 2016-2021. Moreover, early buyers can expect to earn a 10 percent customization based on the report.

Understanding The Cannabis Testing Market:

This market is primarily categorized based on region, product & software, end user and service. On the basis of product & software, this market is divided into consumables, software and analytical instruments. The segment of consumables will grow with a maximum compound annual growth rate (CAGR) at the time of the forecast period because of repetitive usage and recurring requirements.

In 2016, North America accounted for the biggest share in the global cannabis testing market. Europe had the second biggest share. These same regions will ensure the highest CAGR’s at the time of the forecast period. North America is the main region for the growth of this market because of the growing number of laboratories for testing cannabis, the increasing awareness in relation to medical cannabis, the presence of outstanding players in North America, as well as the rise in funding for the cannabis industry.

Prominent players for testing cannabis software ad products include Shimadzu Corporation of Japan, Agilent Technologies, Inc. of the US, PerkinElmer, Inc. of the US, AB SCIEX LLC of the US, Millipore Sigma of the US, Restek Corporation of the US, Waters Corporation of the US, LabLynx, Inc. of the US, and Accelerated Technology Laboratories, Inc. of the US. The outstanding players for service of cannabis testing include CannaSafe Analytics of the US, Steep Hill Labs, Inc. of the US, SC Laboratories of the US, Digipath Labs, Inc. of the US, and PharmaLabs, LLC of the US.

Target Audiences Include:

Laboratories for cannabis testing

Cannabis associations

Cannabis LIMS/software vendors

Manufacturers of analytical instruments

Academic universities and institutes

Venture capitalists

Consulting and research firm

Estimation for Expansion:

This estimate is inclusive of the computer software and equipment cost that will be used for testing cannabis – highly priced gas and liquid chromatography machines – along with the expense for hiring trained and skilled workers who will administer the investigations and interpret the results. This could be one area where the growth might be inhibited as research analysts believe that there aren’t many skilled professionals to perform lab testing of cannabis.

Finally:

While this report happens to be one among the 60,000 market reports that Markets & Markets publishes every year, it will surely create havoc in the cannabis testing market. It can also be safely assumed that sooner and not later, there will be an increase in the demand for reliable and accurate cannabis testing to get access to clean cannabis, which will be likely be followed by revelations of several contamination scandals.

47 thoughts on “Cannabis Testing Market To Be Worth $1.4 Million by 2021

  1. Bien que ce genre d’initiatives ont la vertu de m’agacer par leurs côtés faussement bien pensant, il faut avouer que c’est un sacré challenge. Je n’irai pas jusqu’à applaudir Adrien, mais il a le mérite de donner à réfléchir sur ce que chacun peut réaliser à sa propre échelle.

  2. So have to agree with you about the Shiseido cotton pads. These are something I just can’t live with out. I even use them for removing my nail polish. I do tear mine in half and only need one pad to remove the polish from both hands. That includes the use of darker polishes as well.Also, I heard a rumour that Shiseido will be sampling their cotton pads. There will be a team downtown, around Georgia and Granville on April 15th handing out sample packs of 4 pads.

  3. absolutamente de acuerdo, por linkear una entrada de bilioso me gané una mentada de madre bastante literal, yo pienso que los que llevan (o llevamos?) más tiempito en esta cosa, deberían dar ejemplo, pero a ratos, de ellos mismos se ven actitudes bastante lamentables.saludos y abrazos.

  4. -> potpuri, aika heikko objektiivisuus mediaalta, maahantuoja joka ei ole lääkäri vastaan lääkäri Myllykangas. Olishan voinnut haastatella lääkäri joka käyttää Bemer-terapia niin asetelma olisi ollut objektiivinen. Ihmettelin Myllykangaksen ehdotonta mielipide, varsinkin kun hän mainitsi että ei ole edes kokeillut laitetta..

  5. Guys, make money online doesn’t need to be hard (I used to think it did). I’ll give you some advice right now. Search a tutorial known as Monezilax System (search on google). Seriously, I have earned crazy amounts of money with it. I probably should not even be talking about it cause I do not want a bunch of other folks out there running the same “game” but whatever, I am in a good mood today so I will share the wealth haha.

  6. Hi Jerrica-I have not tried freezing them, but I would think they would be ok. I did store them in my fridge for three days and simply reheated them in the microwave at serving time (you could reheat them in the oven, too) and they were just fine. Have fun and happy birthday to your daughter!

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