Global Cannabis Testing Services Market Report and Forecast 2024-2032

Global Cannabis Testing Services Market Outlook

The global cannabis testing services market size was valued at USD 1.59 billion in 2023, driven by the increasing cannabis legalization across the globe. The market size is anticipated to grow at a CAGR of 13.23% during the forecast period of 2024-2032 to achieve a value of USD 4.85 billion by 2032.

Cannabis Testing Services: Introduction

Cannabis testing services are analytical services that are offered to test and analyze cannabis and products generated from cannabis for a variety of quality characteristics, safety standards, potency, and legal compliance. These services are necessary to guarantee product quality, consumer safety, and industry compliance. Most cannabis testing services also cover microbiological testing, contaminant testing, residual solvent analysis, terpene profiling, and various other types of analyses.

Evaluation of the product's medicinal potential and psychotropic effects is aided by potency testing. Testing for contaminants makes sure that the cannabis product is devoid of any potentially dangerous elements. A residual solvent analysis is carried out to determine whether any residual solvents are present and to make sure that if they are present, they are within safe levels.

Global Cannabis Testing Services Market Analysis

As the cannabis market is growing globally, appropriate regulation and product qualification is mandatory. This compulsion has increased the safety and quality checks for cannabis products, propelling the global cannabis testing services market growth. Cannabis products are subjected to several stringent testing techniques for pesticides, residual solvents, heavy metals, mycotoxins, and microbiological contaminants in order to guarantee customer safety. Such security precautions make it a reliable product and boost usage, which directly increases the demand for cannabis testing services on the market worldwide.

The development of advanced testing technologies, such as high-performance liquid chromatography (HPLC), gas chromatography (GC), mass spectrometry (MS), and molecular testing approaches, is further boosting the market for cannabis testing. Organizations like the International Organization for Standardization (ISO) and the Association of Official Agricultural Chemists (AOAC) are also preparing some guidelines and methods for cannabis testing to promote consistency and comparability of results across different testing laboratories and jurisdictions.

Global Cannabis Testing Services Market Segmentations

Market Breakup by Product Type

• Instruments
  • Chromatography Instruments
    • Liquid Chromatography
    • Gas Chromatography
    • Others
  • Spectroscopy Instruments
    • Mass Spectroscopy
    • Atomic Spectroscopy
  • Other Instruments

• Consumables and Test Kits

Market Breakup by Test Type

• Potency Testing

• Terpene Profiling

• Heavy Metal Testing

• Pesticide Screening

• Microscopy Testing

• Residual Solvent Screening

• Others

Market Breakup by End User

• Cannabis Drug Manufacturers

• Cannabis Cultivators/Growers

• Testing Laboratories

• Research Institutes

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Cannabis Testing Services Market Overview

The increasing legalization of cannabis for medical and recreational use in various regions and countries is a major factor driving the global cannabis testing services market demand. As cannabis regulations evolve, there is a growing need to ensure the safety, potency, and quality of cannabis products through comprehensive testing. Testing services help meet regulatory requirements and ensure consumer safety. The cannabis industry continues to evolve rapidly, with ongoing research and development efforts.

The global market for cannabis has been witnessing a significant expansion in product diversity, including edibles, concentrates, and topicals, among others. Each product category requires specific testing for potency, contaminants, and formulation analysis. Regular testing ensures consistency, accuracy, and compliance at each stage, such as cultivation, extraction, manufacturing, and distribution, which would contribute to the global cannabis testing services market share in the long run.

Key players across the globe are launching innovative and technologically advanced products. With this increasing diversity of cannabis products, testing laboratories are expanding their capabilities to analyze a wide range of product types to ensure the availability of higher quality products in the market.

Cannabis Testing Services Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Thermo Fisher Scientific Inc.

• Merck KGaA

• Shimadzu Corporation

• PerkinElmer Inc.

• Steel Hill Labs, Inc.

• CB Scientific Inc.

• Alpha- CAT

• Orange Photonic, Inc.

• Gobi Labs

• SC Laboratories Inc.

Key Highlights of the Report