Pesticide Residue Testing Market - Industry Scope, Growth, Trends and Forecast to 2022


Posted December 11, 2018 by supriya1234

Asia-Pacific is projected to be the fastest growing market owing to the growth prospects in countries such as China and India among others.

 
The pesticide residue testing market size is projected to reach USD 1.63 Billion by 2022, at a CAGR of 7.0% from 2016 to 2022. The market is driven by advancements in testing technologies, the global movement of organic revolution, implementation of stringent food safety regulations, and international trade of food materials.

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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.

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 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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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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Issued By MarketsandMarkets
Phone 1-888-600-6441
Business Address Mr. Shelly Singh, MarketsandMarkets™ INC.,
630 Dundee Road, Suite 430, Northbrook, IL 60062
Country United States
Categories Agriculture , Business , News
Tags pesticide residue testing market , pesticide residue testing market analysis , pesticide residue testing market trends
Last Updated December 11, 2018