Global Pesticide Residue Testing Market

Global Pesticide Residue Testing Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 6.9% over the forecast period 2020-2027.

Global Pesticide Residue Testing Market

Global Pesticide Residue Testing Market

The report covers an in-depth analysis of COVID 19 pandemic impact on Global Pesticide Residue Testing Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.

Pesticide Residue Testing Market overview

Advancement in food technology, increasing international trade adoption of various stringent food safety regulations have increased the demand for the pesticide residue market. To protect consumers from various hazardous food diseases, pesticide residue testing is regulated under strict regulation worldwide. In compliance with national and international regulations, pesticide monitoring or residue testing provides a valuable method to detect and monitor pesticide residues. The improper use of pesticides will lead to hazardous chemicals that can be entering the food supply chain at a critical degree causes serious health problems. Fresh products are perhaps the most prone over pesticide residues and have various advantages over decaying food products; thus, consumption of these products is in increasing proportions. These factors have a positive impact on the pesticide residue testing market and there is a massive market growth for the pesticide residue monitoring or testing market globally.

Pesticide Residue Testing Market Dynamics

The shifting of consumer preference for healthy, natural food products and aging populations driving the pesticide residue testing market. Food production requires an efficient system of pesticide testing owing to the growing population-level worldwide. The global pesticide residue testing market is driven by the introduction of strict food safety regulations, developments in testing technology, and global trade in food material especially raw food products or items. The developing regions display strong growth potential and many undeveloped markets in these regions offer tremendous opportunities thanks to rising economic growth especially in developing countries and the increasing number of key players in the pesticide residue testing market.

Some of the factors that limit the demand for pesticide residue testing are the lack of awareness of food safety regulations, and to maintain or balance food supply chain among different food manufacturers. In particular, the lack of adequate food supplies, particularly in developing countries, and inappropriate food control infrastructure may slow down the growth of the market.
Demand for pesticide residue testing is driven by increasing food product toxicity, particularly in imported food products, expansion of the food industry, and consumer awareness. In particular, the demand for residual herbicide testing has increased due to possible health consequences, such as the sensitivity of different hazardous bacteria to such pesticides. It is expected that the fungicides segment is the second largest in the global pesticide testing market. Increasing chemical outbreaks and increasing investment in R & D, biotechnology, and quality assurance food certificates have increased the demand for the pesticide residue testing market. Also, E-commerce platforms provided by various manufacturers have fuelled the pesticide residue testing market.

Global Pesticide Residue Testing Market: Market Segmentation

Global Pesticide Residue Testing Market Segmentation by Type (Herbicides, Insecticides, Fungicides and Others (acaricides, nematicides, rodenticides, and disinfectants)), by Food Tested (Meat & poultry, Dairy products, Processed foods, Fruits & vegetables, Cereals & grains, Nuts, Seeds & spices and Food additives), by Technology (LC-MS/GC-MS, HPCL, Gas chromatography, Immunoassay, Test kits and Other), by Class (Organochlorines, Organophosphates, Organonitrogens & carbamates and Others (pyrethroids and fumigants)) and by Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).

Global Pesticide Residue Testing Market: Regional Analysis

The regional analysis of worldwide Pesticide Residue Testing Market is segregated across North America, Europe, Asia Pacific, Middle East and Africa, and South America. Currently, Europe followed by the Asia Pacific is expected to keep its dominance over the forecast period. The majority of the number of presence of key players of food industries in this region is one of the driving factors increasing the demand for the pesticide residue testing market. Besides, the largest international trade of food products along with favourable regulatory law for pesticide residue market is one of the driving factors. It is expected that the Asia Pacific to be the fastest-growing market owing to rising economic growth especially in countries such as India and China.

Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.

The objective of the report is to present a comprehensive analysis of the Global Pesticide Residue Testing Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Pesticide Residue Testing Market dynamics, structure by analyzing the market segments and project Global Pesticide Residue Testing Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Pesticide Residue Testing Market make the report investor’s guide.
Scope of Global Pesticide Residue Testing Market

Global Pesticide Residue Testing Market Segmentation by Type

• Herbicides
• Insecticides
• Fungicides
• Others (acaricides, nematicides, rodenticides, and disinfectants)
Global Pesticide Residue Testing Market Segmentation by Food Tested

• Meat & poultry
• Dairy products
• Processed foods
• Fruits & vegetables
• Cereals & grains
• Nuts
• Seeds & spices
• Food additives
Global Pesticide Residue Testing Market Segmentation by Technology

• LC-MS/GC-MS
• HPCL
• Gas chromatography
• Immunoassay
• Test kits
• Other
Global Pesticide Residue Testing Market Segmentation by Class

• Organochlorines
• Organophosphates
• Organonitrogens & carbamates
• Others (pyrethroids and fumigants)
Global Pesticide Residue Testing Market Segmentation by Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Global Pesticide Residue Testing Market Major Players

• Eurofins Scientific SE (Luxembourg)
• Bureau Veritas S.A. (France)
• SGS S.A. (Switzerland)
• Intertek Group plc (U.K.)
• Silliker, Inc. (U.S.).

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Global Pesticide Residue Testing Market- Forecast and Analysis (2020-2027): by Type, by Food Tested, by Technology, by Class, and by Region.

 This Report Is Submitted By : Maximize Market Research Company

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