Cannabis Testing Market worth US$ 2,960.20 million by 2028 - Exclusive Report by The Insight Partners

The cannabis testing market was valued at US$ 1,512.06 million in 2021 and is projected to reach US$ 2,960.20 million by 2028; it is expected to grow at a CAGR of 10.1% from 2021 to 2028.



a year ago | 2 min read

According to our new research study on “Cannabis Testing Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Type and End User,” the market is expected to reach US$ 2,960.20 million by 2028 from US$ 1,512.06 million in 2021. It is estimated to grow at a CAGR of 10.1% from 2021 to 2028.

The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth. Factors such as legalization of medical cannabis, increasing awareness through conferences, symposia, and workshops and growing adoption of LIMS in cannabis testing laboratories fuel the growth of the market. However, the stringent regulatory framework for cannabis, and dearth of trained laboratory professionals are the major factors hindering the market growth.

Get Additional Statistics on “Cannabis Testing Market”:

The Cannabis Testing Market 2021 Research Report is a professional and in-depth study on the current state of Cannabis Testing Market.

Competitive Landscape: Cannabis Testing Market: Purpl Scientific; Orange Photonics, Inc; Agilent Technologies, Inc.; SHIMADZU CORPORATION; Merck KGaA; Restek Corporation; WATERS; CannaSafe Analytics; Accelerated Technology Laboratories, Inc.; and Digipath Inc are among the leading companies operating in the cannabis testing market.

The companies are adopting inorganic and organic growth strategies to expand their global footprints and product portfolio to meet the rising demands for the cannabis testing. For instance, in January 2021, Agilent Technologies, Inc. announced that it has released MassHunter Workstation Plus 11.0, MassHunter BioConfirm, and MassHunter Networked Workstation 11.0 to comply with regulatory requirements from the EU EMEA and US FDA.

In Market Segmentation by Geographical Regions, the report has analysed the following regions-

  • North America (USA, Canada and Mexico)
  • Europe(Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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Contact Person: Sameer Joshi


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