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AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Australia & New Zealand Cannabis Testing Market by Cannabis Type (Solid Edible Cannabis, Inhaling Cannabis, Liquid Edible Cannabis, Topical Cannabis, Other Cannabis Types) Market by Test Type (Terpene Profiling, Heavy Metal Testing, Microbial Analysis, Genetic Profiling, Residual Solvent Screening, Potency Testing, Other Test Types) Market by Instrument & Software (Cannabis Testing Instrument, Consumable, Cannabis Testing Software) Market by Service (Cannabis Cultivator/grower, Cannabis Drug Manufacturer and Dispensary) Market by End-user (Cannabis Testing Laboratory, Research Institution, Other End-users)

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MARKET OVERVIEW

The Australia & New Zealand cannabis testing market is anticipated to develop with a CAGR of 13.02% over the forecast period of 2024-2032. It is set to reach a revenue of $xx million by 2032. 

The Australia & New Zealand cannabis testing market is witnessing significant growth, driven by the expanding legalization and acceptance of medical and recreational cannabis. This trend has elevated the need for comprehensive testing services to ensure product safety, potency, and regulatory compliance. As both countries navigate evolving regulatory landscapes, testing laboratories are vital in meeting stringent quality standards and addressing consumer concerns regarding cannabis products’ quality and safety.

Australia & New Zealand Cannabis Testing Market

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The market is characterized by a competitive sphere with several established and emerging testing laboratories competing for share. These laboratories employ advanced analytical techniques and equipment to conduct a wide range of tests, including potency analysis, pesticide screening, microbial testing, and heavy metals analysis. This competition fosters innovation and drives laboratories to continuously enhance their testing capabilities to stay ahead in the market.

Moreover, the demand for cannabis testing services in Australia & New Zealand is expected to surge as the cannabis industry matures and diversifies. This growth is powered by increasing consumer awareness, regulatory requirements, and the emergence of new cannabis products and formulations. As a result, testing laboratories are expanding their capacities and investing in state-of-the-art technologies to meet the rising demand and cater to the evolving needs of cannabis businesses and consumers.

Additionally, collaborations among testing labs, regulatory authorities, and industry stakeholders are vital for standardizing testing protocols, ensuring transparency in the cannabis supply chain, and fostering trust and compliance. These partnerships enable knowledge exchange, regulatory alignment, and best practices adoption, contributing to the growth and sustainability of the Australia & New Zealand cannabis testing market.

The Australia & New Zealand cannabis testing market segmentation incorporates market by cannabis type, test type, instrument & software, service, and end-user. The test type segment is further divided into terpene profiling and heavy metal testing. Terpene profiling is a critical aspect of cannabis testing, as terpenes contribute to the plant’s aroma, flavor, and potential therapeutic effects. Laboratories conduct terpene profiling to analyze the composition and concentration of terpenes in cannabis products, providing valuable insights for product development, quality control, and consumer preferences.

On the other hand, heavy metal testing is essential for ensuring the safety and compliance of cannabis products. Heavy metals, such as lead, cadmium, mercury, and arsenic, can pose serious health risks if present at elevated levels. Testing laboratories employ advanced analytical techniques to detect and quantify heavy metals in cannabis samples, adhering to regulatory limits and standards to protect consumer health and safety.

The segmentation of the market by test type reflects the market’s focus on comprehensive quality assurance and regulatory compliance. By offering specialized services such as terpene profiling and heavy metal testing, testing laboratories provide the diverse needs of cannabis businesses and regulatory authorities, supporting the development of safe, high-quality cannabis products for both medical and recreational use.

Moreover, the growing demand for terpene profiling and heavy metal testing underlines the importance of accurate and reliable testing methodologies. Laboratories invest in advanced equipment, trained personnel, and stringent quality control measures to deliver precise and consistent test results. This commitment to quality and compliance enhances the credibility of the Australia & New Zealand cannabis testing market and contributes to its overall growth and sustainability.

Some of the leading players in the Australia & New Zealand cannabis testing market are Eurofins Scientific, PerkinElmer Inc, Shimadzu Corporation, Novachem, etc. 

Shimadzu Corporation is a renowned manufacturer and distributor of analytical and industrial machinery, along with measuring instruments. Established in 1875 and headquartered in Kyoto, Japan, Shimadzu Corporation operates globally with units in North America, Japan, Latin America, Russia, Africa, Asia, China, Oceania, and East Asia. It provides chromatograph-mass spectrometry systems, data software, life science lab instruments, medical imaging equipment, optical devices, vacuum machinery, and hydraulic systems.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast Units

Revenue ($ Million)

Segments Analyzed
Cannabis Type, Test Type, Instrument & Software, Service, and End-User
Countries AnalyzedAustralia & New Zealand
Companies AnalyzedAgilent Technologies Inc, Eurofins Scientific, PerkinElmer Inc, Shimadzu Corporation, Novachem

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. SCOPE OF STUDY
    5. MAJOR MARKET FINDINGS
      1. INCREASE IN VENTURE FUNDING FOR CANNABIS TESTING
      2. LABORATORIES ARE THE LARGEST CONTRIBUTOR TO CANNABIS TESTING MARKET
      3. INHALATION CANNABIS IS THE PROMINENT CANNABIS TYPE
  3. MARKET DYNAMICS
    1. KEY GROWTH ENABLERS
      1. RECOGNITION OF CANNABIS FOR MEDICAL AND THERAPEUTIC USE BY THE MEDICAL FRATERNITY
      2. RISE IN THE NUMBER OF TESTING FACILITIES
      3. INCREASING LEGALIZATION OF THE USE OF CANNABIS FOR MEDICINE AND RESEARCH
      4. RISING AWARENESS ABOUT CANNABIS BENEFITS AIDED BY STRONG COMMUNITY SUPPORT
    2. KEY CHALLENGES
      1. LACK OF STANDARDIZED REGULATIONS ACROSS THE GLOBE
      2. EXORBITANT COSTS RELATED TO THE LABORATORY ANALYTICAL INSTRUMENTS USED FOR CANNABIS TESTING
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. TESTING FOR MINOR CANNABINOIDS TAKING CENTER STAGE
      2. INTEGRATION OF BLOCKCHAIN AND TRACK-AND-TRACE SYSTEMS INTO CANNABIS TESTING PROCESS
      3. EMPLOYMENT OF INTEGRATED LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) FOR ACCURATE TEST RESULTS
    2. PEST ANALYSIS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING 
      1. GROWTH PROSPECT MAPPING FOR AUSTRALIA & NEW ZEALAND
    5. MARKET MATURITY ANALYSIS
    6. KEY BUYING CRITERIA
      1. COST
      2. PRODUCT FEATURE
      3. EFFECTIVENESS
  5. MARKET BY CANNABIS TYPE
    1. SOLID EDIBLE CANNABIS
    2. INHALING CANNABIS
    3. LIQUID EDIBLE CANNABIS
    4. TOPICAL CANNABIS
    5. OTHER CANNABIS TYPES
  6. MARKET BY TEST TYPE
    1. TERPENE PROFILING
    2. HEAVY METAL TESTING
    3. MICROBIAL ANALYSIS
    4. GENETIC PROFILING
    5. RESIDUAL SOLVENT SCREENING
    6. POTENCY TESTING
    7. OTHER TEST TYPES
  7. MARKET BY INSTRUMENT & SOFTWARE
    1. CANNABIS TESTING INSTRUMENT
      1. CHROMATOGRAPHY INSTRUMENT
        1. LIQUID CHROMATOGRAPHY INSTRUMENT
        2. GAS CHROMATOGRAPHY INSTRUMENT
        3. OTHER CHROMATOGRAPHY INSTRUMENTS
      2. SPECTROSCOPY INSTRUMENT
        1. MASS SPECTROMETRY INSTRUMENT
        2. ATOMIC SPECTROSCOPY INSTRUMENT
      3. OTHER CANNABIS TESTING INSTRUMENTS
    2. CONSUMABLE
      1. SAMPLE PREPARATION PRODUCT
      2. STANDARDS AND CRMS
      3. CHROMATOGRAPHY COLUMN
      4. SUPPLIES AND ACCESSORIES
    3. CANNABIS TESTING SOFTWARE
  8. MARKET BY SERVICE
    1. CANNABIS CULTIVATOR/GROWER
    2. CANNABIS DRUG MANUFACTURER AND DISPENSARY
  9. MARKET BY END-USER
    1. CANNABIS TESTING LABORATORY
    2. RESEARCH INSTITUTIONS
    3. OTHER END-USERS
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILE
      1. NOVACHEM
        1. COMPANY OVERVIEW
        2. SERVICE LIST
        3. STRENGTHS & CHALLENGES
      2. AGILENT TECHNOLOGIES INC
        1. COMPANY OVERVIEW
        2. PRODUCT/SERVICE LIST
        3. STRENGTHS & CHALLENGES
      3. PERKINELMER INC
        1. COMPANY OVERVIEW
        2. PRODUCT/SERVICE LIST
        3. STRENGTHS & CHALLENGES
      4. EUROFINS SCIENTIFIC 
        1. COMPANY OVERVIEW
        2. PRODUCT/SERVICE LIST
        3. STRENGTHS & CHALLENGES S
      5. SHIMADZU CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT/SERVICE LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – CANNABIS TESTING

TABLE 2: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CANNABIS TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CANNABIS TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY TEST TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY TEST TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY INSTRUMENT & SOFTWARE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY INSTRUMENT & SOFTWARE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CANNABIS TESTING INSTRUMENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CANNABIS TESTING INSTRUMENT, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CHROMATOGRAPHY INSTRUMENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CHROMATOGRAPHY INSTRUMENT, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 12: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY SPECTROSCOPY INSTRUMENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY SPECTROSCOPY INSTRUMENT, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 14: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CONSUMABLE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CONSUMABLE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 16: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY SERVICE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY SERVICE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 18: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 20: LIST OF MERGERS & ACQUISITIONS

TABLE 21: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 22: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 23: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: MAJOR PHYTOCHEMICALS IDENTIFIED IN CANNABIS

FIGURE 2: KEY MARKET TRENDS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: GROWTH PROSPECT MAPPING FOR AUSTRALIA & NEW ZEALAND

FIGURE 5: MARKET MATURITY ANALYSIS

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, GROWTH POTENTIAL, BY CANNABIS TYPE, IN 2023

FIGURE 8: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY SOLID EDIBLE CANNABIS, 2023-2032 (IN $ MILLION)

FIGURE 9: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY INHALING CANNABIS, 2023-2032 (IN $ MILLION)

FIGURE 10: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY LIQUID EDIBLE CANNABIS, 2023-2032 (IN $ MILLION)

FIGURE 11: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY TOPICAL CANNABIS, 2023-2032 (IN $ MILLION)

FIGURE 12: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY OTHER CANNABIS TYPES, 2023-2032 (IN $ MILLION)

FIGURE 13: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, GROWTH POTENTIAL, BY TEST TYPE, IN 2023

FIGURE 14: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY TERPENE PROFILING, 2023-2032 (IN $ MILLION)

FIGURE 15: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY HEAVY METAL TESTING, 2023-2032 (IN $ MILLION)

FIGURE 16: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY MICROBIAL ANALYSIS, 2023-2032 (IN $ MILLION)

FIGURE 17: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY GENETIC PROFILING, 2023-2032 (IN $ MILLION)

FIGURE 18: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY RESIDUAL SOLVENT SCREENING, 2023-2032 (IN $ MILLION)

FIGURE 19: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY POTENCY TESTING, 2023-2032 (IN $ MILLION)

FIGURE 20: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY OTHER TEST TYPES, 2023-2032 (IN $ MILLION)

FIGURE 21: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, GROWTH POTENTIAL, BY INSTRUMENT & SOFTWARE, IN 2023

FIGURE 22: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CANNABIS TESTING INSTRUMENT, 2023-2032 (IN $ MILLION)

FIGURE 23: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, GROWTH POTENTIAL, BY CHROMATOGRAPHY INSTRUMENT, IN 2023

FIGURE 24: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY LIQUID CHROMATOGRAPHY INSTRUMENT, 2023-2032 (IN $ MILLION)

FIGURE 25: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY GAS CHROMATOGRAPHY INSTRUMENT, 2023-2032 (IN $ MILLION)

FIGURE 26: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY OTHER CHROMATOGRAPHY INSTRUMENTS, 2023-2032 (IN $ MILLION)

FIGURE 27: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY SPECTROSCOPY INSTRUMENT, 2023-2032 (IN $ MILLION)

FIGURE 28: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, GROWTH POTENTIAL, BY SPECTROSCOPY INSTRUMENT, IN 2023

FIGURE 29: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY MASS SPECTROMETRY INSTRUMENT, 2023-2032 (IN $ MILLION)

FIGURE 30: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY ATOMIC SPECTROSCOPY INSTRUMENT, 2023-2032 (IN $ MILLION)

FIGURE 31: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY OTHER CANNABIS TESTING INSTRUMENTS, 2023-2032 (IN $ MILLION)

FIGURE 32: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CONSUMABLE, 2023-2032 (IN $ MILLION)

FIGURE 33: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, GROWTH POTENTIAL, BY CONSUMABLE, IN 2023

FIGURE 34: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY SAMPLE PREPARATION PRODUCT, 2023-2032 (IN $ MILLION)

FIGURE 35: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY STANDARDS AND CRMS, 2023-2032 (IN $ MILLION)

FIGURE 36: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CHROMATOGRAPHY COLUMN, 2023-2032 (IN $ MILLION)

FIGURE 37: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY SUPPLIES AND ACCESSORIES, 2023-2032 (IN $ MILLION)

FIGURE 38: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CANNABIS TESTING SOFTWARE, 2023-2032 (IN $ MILLION)

FIGURE 39: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, GROWTH POTENTIAL, BY SERVICE, IN 2023

FIGURE 40: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CANNABIS CULTIVATOR/GROWER, 2023-2032 (IN $ MILLION)

FIGURE 41: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CANNABIS DRUG MANUFACTURER AND DISPENSARY, 2023-2032 (IN $ MILLION)

FIGURE 42: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 43: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY CANNABIS TESTING LABORATORY, 2023-2032 (IN $ MILLION)

FIGURE 44: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY RESEARCH INSTITUTION, 2023-2032 (IN $ MILLION)

FIGURE 45: AUSTRALIA & NEW ZEALAND CANNABIS TESTING MARKET, BY OTHER END-USERS, 2023-2032 (IN $ MILLION)

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