Market Trends of Agriculture CRO Services Industry
Fertilizer is the Biggest Sector for CRO Services
Fertilizer companies often require specialized expertise, facilities, and equipment for testing and development, which can be cost-intensive to maintain in-house. Outsourcing these services to CROs enables them to focus on core activities while benefiting from specialized resources. Therefore, fertilizer companies rely on CRO services to enhance research and development activities, expedite product development, conduct trials, and navigate regulatory requirements. The ever-increasing demand for improved fertilizers and the need for efficient testing to comply with regulatory standards drive the market for CRO services in the agriculture sector. Furthermore, advancements in testing methodologies, such as molecular biology techniques to analyze fertilizer composition and efficacy, further amplify the capabilities of CROs and their value proposition to fertilizer companies. The utilization of such techniques also aids in the identification of key ingredients and the optimization of their concentrations to deliver the desired results.
North America is the Largest Market
Different countries in the region have specific set-ups or systems functioning, which require support from entities like CRO to understand and function harmoniously with such set-ups. For instance, several ecosystems in the Eastern Region of the United States have successful union organizations among farm workers. To operate and be successful with such organizational setups, agricultural input companies require the help of CRO services for better placement of their products and work in collaboration with farmers and farm workers. In Canada, population growth and declining availability of arable land have driven advancements and innovations in the agrochemical sector. The market stakeholders are actively involved in importing and exporting agrochemicals in Canada and, hence, require solid regulatory support from the agriculture CRO services. Moreover, market players have explored new technologies and procedures in past years to enhance the approach and effectiveness of CRO services in the region. For example, in 2022, SynTech Research started working with agave growers in Mexico to provide the necessary data for successfully registering various agave cultivation products. Various Agave GLP trials have been completed successfully by SynTech in Jalisco since 2022.
