Global Pesticide Residue Testing Market - Future, Scope, Trends
The global pesticide residue testing market is expected to undergo a substantial rate of growth during the forecast period owing to the increasing consumption of organic food among end-users due to rising concerns associated with GMO foods. Moreover, stringent food regulations implemented by the government to ensure food safety and quality are also creating the demand for pesticide residue testing.
Pesticides are agrochemicals that are toxic in nature and can pose severe health hazards if consumed. They are considered to be carcinogenic and can affect the nervous and reproductive systems of the human body. Hence, pesticides are always tested by experts for any possible risk to humans. This is creating a huge demand for pesticide residue testing in the global market.
The global pesticide residue testing market can be segmented based on type, technology, class, food tested, and region. Based on type, the market is segmented into herbicides, insecticides, fungicides, and others. The herbicide segment is undergoing the fastest growth and is expected to dominate the global pesticide residue testings market by 2025 owing to their increasing use in agricultural activities to control unwanted plants.
Based on technology, the global pesticide residue testing market is segmented into single residue method, multiple residue method, LC-MS/GC-MS, High-Performance Liquid Chromatography (HPLC), gas chromatography, and others. Among them, the LC-MS/GC-MS technology is anticipated to dominate the market during the forecast year owing to its high accuracy, lower turnaround time, and increased sensitivity that allows accurate detection.
Major companies operating in the global pesticide residue testing market include Eurofins Scientific SE, Bureau Veritas S.A., SGS S.A., TUV SUD, Mettler Toledo, Intertek Group PLC, Silliker, Inc., ALS Limited, Asurequality Ltd., SCS Global Services, Microbac Laboratories Inc, Symbio Laboratories, Fera Science Limited, PerkinElmer Inc. and ThermoFisher Scientific, among others. Leading players are working on the company’s network and analytical capabilities to improve their service. Also, they are undertaking growth strategies like mergers & acquisitions to increase their global reach.
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of pesticide residue testing companies across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.
TechSci Research calculated the global pesticides residue testing market size using a bottom-up approach, where data for various end-user industries and their application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as pesticide residue testing companies and end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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In this report, the global pesticide residue testing market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global pesticide residue testings market.
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