Pesticide Residue Testing Market Projected to Reach $1.63 Billion by 2022

13/mar/2019 08:06:01 MarketsandMarkets Contatta l'autore

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The pesticide residue testing market, in terms of value, is projected to reach USD 1.63 Billion by 2022, at a CAGR of 7.0% from 2016 to 2022. Implementation of stringent food safety regulations, increasing chemical contamination outbreaks, international trade of food materials, and advancements in testing technologies are some of the factors driving this market.

The years considered for the study are as follows:

  • Base year – 2015
  • Estimated year – 2016
  • Projected year – 2022
  • Forecast period – 2016 to 2022

Pesticide Residue Testing Market

The objectives of the report

  • To define, segment, and project the size of the global pesticide residue testing market on the basis of type, technology, food tested, and class
  • To understand the structure of the pesticide residue testing market by identifying its various subsegments
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape of market trends
  • To project the size of the market and its submarkets, in terms of value, with respect to four regions (along with their respective key countries): North America, Europe, Asia-Pacific, and the Rest of the World (RoW)

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The herbicides segment accounted for the largest share in the pesticide residue testing market in 2015

The market for herbicides among all the types of pesticide residues, accounted for the largest share in 2015. The increased consumption of herbicides in agriculture as a crop protection chemical has resulted in its residue remnants in food products, which in turn requires food testing for safety.

LC-MS/GC-MS segment is projected to be the largest and fastest growing segment, by technology

The liquid chromatography (LC) and gas chromatography (GC) coupled with mass spectrometry (MS) is found to be the most efficient technology to separate and detect the pesticide residues with accuracy, speed, and multiple detection. LC-MS/GC-MS technologies segment is projected to grow at the highest CAGR from 2016 to 2022.

The organochlorines segment is projected to be the fastest growing class of pesticides for residue testing

The organochlorine residue testing market is projected to be the largest and fastest growing segment from 2016 to 2022. This is due to the increased number and wide applications of organochlorines in the agriculture crops and their presence in the environment.

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Asia-Pacific is projected to be the fastest growing region in the pesticide residue testing market

The Asia-Pacific region is projected to be the fastest growing market through 2022 due to the increasing food safety concerns among the consumers and the growing market for processed food. The region is a significant trading partner with the developed regions such as Europe and North America. China is projected to be fastest growing country in the Asia-Pacific region. The country is required to follow stringent regulations imposed by the importing countries for the food safety testing for pesticide residue. As the country is the largest pesticide producer and exporter in the world, increasing instances of pesticide contamination in the air, water bodies, and soil, and pesticide-induced deaths have also become a serious concern which results in an increase in demand for pesticide residue testing.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Eurofins Scientific SE (Luxembourg), Bureau Veritas S.A. (France), SGS S.A. (Switzerland), Intertek Group plc (U.K.), and Silliker, Inc. (U.S.). Other players include ALS Limited (Australia), AsureQuality Ltd (New Zealand), SCS Global Services (U.S.), Microbac Laboratories, Inc (U.S.), and Symbio Laboratories (Australia).

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