Cannabis Testing Services Market: Worldwide Top Players Revenue and Forecasts To 2026

Cannabis Testing Services Market: Worldwide Top
Players Revenue and Forecasts To 2026
Cannabis Testing Services Market, by Test Type (Potency Testing, Terpene Profiling,
Cannabinoid Profiling, Pesticide Screening, Residual Solvent Testing, Microbiological
Screening, and Other Tests), by End User (Cannabis Firms, Homecare Settings, and
Research Institutes), and by Region (North America, Latin America, Europe, Asia
Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis,
2018-2026
Cannabis market is highly influenced by rigorous legalization efforts, which are aiming for approval of
cannabis for medicinal or recreational purpose. Various governments and regulatory authorities are
taking efforts to legalize cannabis, owing to its medicinal benefits. Moreover, commercialization of
cannabis-based products under the legalized standards require successful cannabis testing, which
further results in lucrative growth opportunity for market players.
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Market Dynamics
Cannabis testing service market is expected to witness significant growth over the forecast period,
owing to legalization of cannabis for medicinal and recreational activities in key regions. For instance,
in 2018, the parliament of Canada passed a law legalizing nationwide use of marijuana for recreational
purposes. Furthermore, in February 2016, the Australia government amended the Narcotics Drugs Act
1967 to allow cultivation of cannabis for medicinal or scientific purposes under a national licensing
scheme, which is expected to favour growth of the commercial manufacturing of cannabis in different
regions of Australia.
Increasing Research & Development Activities in Cannabis and Establishment of New Cannabis
Testing Labs is expected to Drive Growth of the Cannabis Testing Service Market
Increasing research and development activities in cannabis to improve the productivity and quality of
cannabis product is major driving force for the global cannabis testing service market growth. For
instance, in November 2018, a team of researchers at the University of Guelph investigated
technologies that can help in growing better quality marijuana. The team focused on controlled
environment production of medical marijuana, with proprietary plant-growing technology, using
chambers to monitor and regulate all variables throughout the growth.
Moreover, the research also involved sensors attached to the plants to analyze the plants’ response to
different types of management strategies. This approach allowed the team to produce organically
grown, pesticide-free, high-yielding strains of cannabis, in addition to consistent generation of highquality products in every batch.
Global Cannabis Testing Service Market - Competitive Landscape
Key players operating in the global cannabis testing service market include, SC Laboratory, Eurofins
Scientific, EVIO Labs, ProVerde Laboratories, Inc., Praxis laboratory Cascadia Labs, Encore labs, SGS
Canada Inc., Pharm Labs LLC, and Agricore Laboratories.
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Detailed Segmentation:
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Global Cannabis Testing Services Market, By Test Type:
o Potency Testing
o Terpene Profiling
o Cannabinoid Profiling
o Pesticide Screening
o Residual Solvent Testing
o Microbiological Screening
o Other Tests
Global Cannabis Testing Services Market, By End User:
o Cannabis Firms
o Homecare Settings
o Research Institutes
Global Cannabis Testing Service Market - Regional Insights
On the basis of region, the global cannabis testing service market is segmented into North America,
Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a
dominant position in the global cannabis testing service market during the forecast period, owing to
increasing legalization of marijuana use in the U.S. by Federal Law. For instance, according to the Drug
Policy 2018 report, on November 6, 2012, Colorado and Washington become the first two jurisdictions
in the world to legalize marijuana for adult use. Moreover, in January 2018, Vermont became the first
state to legalize marijuana through a state legislature. According to Governing 2019 report, 11 states
have legalized marijuana for recreational use and 22 states have legalized for medical use in the U.S.
Europe is expected to foresee a rapid growth in the cannabis testing service market. The market in
Europe is expected to gain momentum during the forecast period, owing to increasing number of
players entering the U.K. cannabis testing service market by acquiring U.K-based cannabis testing
laboratories. For instance, in July 2018, Sativa Investments PLC acquired PhytoVista Laboratories Ltd.,
a U.K-based lab that tests cannabis oils and hemp products.
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Cannabis market is highly influenced by rigorous legalization efforts, which are aiming for approval of cannabis for medicinal or recreational purpose. Various governments and regulatory authorities are taking efforts to legalize cannabis, owing to its medicinal benefits.

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