Pesticide Residue Testing Market: Growth Opportunities and Challenges
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.
The objectives of the report:
- To define, segment, and project the size of the global 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)
- Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=195216043
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.
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.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=195216043
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).