Pesticide Residue Testing Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2016 and Forecast 2017-2024

Market Outline: Pesticide Residue Testing Market
Pesticides are the chemical substances used to control the insects, fungi, and other pests on agriculture crops. Pesticide residue may remain on or in food after sprayed on to food crops. Regulatory bodies are specify the maximum residual limits in the food due to toxic nature that can cause severe health hazards if consumed. Pesticide residues are carcinogenic and may affect the reproductive and nervous systems. Pesticide residues are majorly observed in the poultry, grains, fruits and vegetables, fish, and other aquatic products. Pesticide residues are tested in the laboratories by using various liquid chromatography, gas chromatography, and other techniques.

Market Dynamics: Pesticide Residue Testing Market
Rise in awareness about the food safety among consumers, implementation of stringent regulatory policies for the food testing, technological advancements in the residue testing, and increase in the trading of food products are anticipated to fuel the pesticide residue testing market over the forecast period. Moreover, increase in the use of pesticides in agriculture and aquaculture farming leads to its residue remnants in the food products, which is expected to propel the pesticide residue testing market over the forecast period. However, lack of awareness about the food safety regulations in underdeveloped countries, high cost of services, and unavailability of food testing infrastructure are expected to restrain the growth of the market over the forecast timeframe.

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Market Scope: Pesticide Residue Testing Market
Pesticide residue testing market is segmented on the basis of pesticide type, pesticide class, and crop type
Based on the pesticide type, it is segmented into the following:
• Fungicides
• Insecticides
• Herbicides
• Nematicides
• Others
Based on the pesticide class, it is segmented into the following:
• Organophosphates
• Organochlorates
• Organonitrogens
• Carbamates
• Others
Based on the crop type, it is segmented into the following:
• Fruits & vegetables
• Meat & poultry
• Cereals & grains
• Dairy products
• Others


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Market Summary: Pesticide Residue Testing Market
Pesticide residue testing market has a lucrative growth over the forecast period. Several international players are actively working in the development of newer testing methods. Moreover, collaboration between the industries and food testing laboratories may immensely boost the pesticide residue testing market. For instance, in January 2014, The European Union Reference Laboratories (EURL) and UK Food and Environment Research Agency (FERA) are collaborated with Thermo Fischer Scientific to develop the methods for qualitative and quantitative analysis of pesticide residues in food. Furthermore, acquisitions and mergers, launching of newer tests, and business expansions are the strategies followed by the market players to increase their revenue share in residue testing market. For instance, in October 2016, Steep hill launched new cannabis pesticide residue test in California.

Regional Analysis: Pesticide Residue Testing Market
Geographically, Pesticide residue testing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America pesticide residue testing market is projected to expand at significant rate due to stringent regulations by the government for food safety, well-established residue testing infrastructure, huge number of service providers, and government initiations for the production pesticide residue-free food. Moreover, Europe pesticide residue testing market occupies significant share in global market, owing to the collaboration between the companies and government laboratories, adoption of newer techniques by the testing service providers, upsurge in the number of food industries, and rise in awareness about the food safety in consumers. However, Asia Pacific pesticide residue testing market exhibiting significant growth owing to increase in the food consumption, stringent regulations in the trading of food products, and adoption of newer technologies.


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Market Participants: Pesticide Residue Testing Market
Some of the players in market are Eurofins Scientific SE (Luxembourg), SGS S.A. (Switzerland), SCS Global Services (U.S.), ALS Limited (Australia), Bureau Veritas S.A. (France), AsureQuality Ltd (New Zealand), and Intertek Group plc (U.K.), Microbac Laboratories, Inc (U.S.) to name a few.

Notable Market Developments: Pesticide Residue Testing Market
• In August 2017, Eurofins Scientific strengthened its footprint in food and agroscience testing in Japan with the acquisition of Japan Analytical Chemistry Consultants Co. Ltd. (JACC) and Ecopro Research K.K. (Ecopro)


Key Features of the Report

• The report provides granular level information about The market size, regional market share and forecast from 2017-2024
• The report covers in-detail insights about The competitor’s overview, key findings and Their key strategies
• The report outlines drivers, restraints, challenges, and trends that are currently faced by The industry
• The report tracks recent innovations, key developments and startup’s details that are working in The industry
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario

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