Frequently asked questions
In 2022, the global Cannabis Testing Services Market is expected to be worth USD 1154.8 million.
The Cannabis Testing Services Market is estimated to increase at a CAGR of 13.80% between 2023 and 2030, reaching USD 3248.2 Million in 2030.
In 2022, Cannabis cultivators and producers dominated the market in 2022, accounting for 62.4% of total revenue.
Edibles and Infused Products are another significant segment of the cannabis industry.
Cannabis extracts and concentrates category have the highest CAGR in the industry.
North America dominated the market in 2022, with an 89.0% revenue share.
The top players include Saskatchewan Research Council (SRC), SC Labs, Steep Hill, Inc., SGS Canada Inc., CW ANALYTICAL, PharmLabs, and GreenLeaf Lab.
The proliferation of cannabis legislation, the rise in consumer demand for cannabis products, and the adoption of strict regulations and standards for product quality are the main forces driving the industry.
The market is constrained by factors such an absence of standardized testing protocols and standards, high prices for testing services, and a dearth of licenced testing facilities.
The significant potential in the market are international expansion, technological developments in testing methodologies, and diversification of products for various cannabis product categories.