Pesticide Residue Testing Market by Type (Herbicides, Insecticides, Fungicides), Technology (LC-MS/GC-MS, HPLC, Gas Chromatography), Class (Organochlorines, Organophosphates, Organonitrogens & Carbamates), Food Tested, and Region - Global Forecast to 2022

Published by MarketsandMarkets on 23rd November 2016 | Ref: 204378 | This Report Is In Stock

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$6650 | Multi User
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$10000 | Enterprise License

Introduction

“Pesticide residue testing market projected to grow at a CAGR of 7.0%”

The pesticide residue testing market is projected to reach USD 1.63billion by 2022, at a CAGR of 7.0% from 2016 to 2022. The market is driven by factors such as implementation of stringent food safety regulations, international trade of food materials, and advancements in testing technologies. The high growth potential in emerging markets and untapped regions provides new opportunities for market players. The lack of food control infrastructure & resources in developing countries, and the lack of awareness about food safety regulations among food manufacturers are the factors restraining the market growth.

“The herbicides segment is projected to be the fastest growing segment in the pesticide residue testing market during the forecast period”

The herbicide segment is projected to grow at the highest CAGR during the forecast period, due to the highest production and application of herbicides in the agriculture. The increase in food trade and contamination of agriculture produces and food products, especially in imported food products is also a significant driver. The exposure to these substances has caused concerns of possible health consequences, which in turn has increased the demand for herbicides residue testing. This is followed by fungicides, which is projected to remain the second-largest market through 2022.

“LC-MS/GC-MS technology led the market with the largest share in 2015”

LC-MS/GC-MS technology accounted for the largest share of the pesticide residue testing market in 2015. It is a powerful technique that has very high sensitivity, making it useful in many applications. It separates the components of a sample based on intrinsic affinity for both, a mobile phase and a stationary phase, after which it detects the separated components using ultraviolet, fluorescence, or electrical conductivity based on their properties. The stakeholders demand new emerging technologies for analytical testing and ensure certification denoting high quality of their products. This has been driving the market for LC-MS/GC-MS in pesticide residue testing.

“Europe led the market with the largest share in 2015”

Europe was the largest pesticide residue testing market in 2015. Governing organizations present in the market have enforced various pesticide residue testing policies. The Asia-Pacific market is projected to be the fastest-growing market during the forecast period due to the increasing food safety concerns among the consumers and the growing processed food market.

The breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study, is as follows:

 By Company type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%

 By Designation: C Level – 35%, Director Level – 25%, and Others – 40%

 By Region: North America – 45%, Europe – 30%, Asia-Pacific – 20%, and RoW – 05%

The key players in the pesticide residue testing market include:

• Eurofins Scientific (Luxembourg)

• Intertek Group plc (U.K.)

• SGS S.A. (Switzerland)

• Bureau Veritas S.A.(France)

• Silliker Inc. (U.S.)

The above-mentioned companies collectively accounted for the largest portion of the pesticide residue testing market in 2015. Other players that also have a strong presence in this market are as follows:

• ALS limited (Australia)

• AsureQuality Limited (New Zealand)

• SCS Global Services (U.S.)

• Microbac Laboratories, Inc. (U.K.)

• Symbio Laboratories (Australia)

Research Coverage:

The report focuses on pesticide residue testing services across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments—type, technology, food tested, class, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analyses, recent developments, and key market strategies.

Reasons to buy the report:

The report would help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall pesticide residue testing market and the subsegments. This report will help stakeholders to better understand the competitive landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the key trends of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

TABLE OF CONTENTS

1 INTRODUCTION 17

1.1 OBJECTIVES OF THE STUDY 17

1.2 MARKET DEFINITION 17

1.3 PERIODIZATION CONSIDERED FOR THE STUDY 20

1.4 CURRENCY 20

1.5 STAKEHOLDERS 21

1.6 LIMITATIONS 21

2 RESEARCH METHODOLOGY 22

2.1 RESEARCH DATA 22

2.2 MARKET SIZE ESTIMATION 28

2.3 MARKET BREAKDOWN & DATA TRIANGULATION 30

2.4 RESEARCH ASSUMPTIONS 31

3 EXECUTIVE SUMMARY 32

3.1 PESTICIDE RESIDUE TESTING MARKET SNAPSHOT 32

4 PREMIUM INSIGHTS 36

4.1 OPPORTUNITIES IN THE PESTICIDE RESIDUE TESTING MARKET 36

4.2 PESTICIDE RESIDUE TESTING MARKET: MAJOR COUNTRIES 37

4.3 PESTICIDE RESIDUE TESTING MARKET, BY TYPE 38

4.4 DEVELOPED VS. EMERGING MARKETS IN PESTICIDE RESIDUE TESTING 39

4.5 PESTICIDE RESIDUE TESTING MARKET SIZE, BY TECHNOLOGY 40

4.6 PESTICIDE RESIDUE TESTING MARKET, BY FOOD TESTED & REGION 41

5 MARKET OVERVIEW 42

5.1 INTRODUCTION 42

5.2 MARKET SEGMENTATION 43

5.3 FDA’S PESTICIDE REGULATORY MONITORING DATA, 2013 47

5.4 MARKET DYNAMICS 48

6 PESTICIDE RESIDUE TESTING MARKET, BY TYPE 54

6.1 INTRODUCTION 55

6.2 HERBICIDES 57

6.3 INSECTICIDES 58

6.4 FUNGICIDES 61

6.5 OTHER PESTICIDES 62

7 PESTICIDE RESIDUE TESTING MARKET, BY TECHNOLOGY 63

7.1 INTRODUCTION 64

7.2 LC-MS/GC-MS 66

7.3 HIGH PERFORMANCE LIQUID CHROMATOGRAPHY (HPLC) 67

7.4 GAS CHROMATOGRAPHY 68

7.5 OTHERS 69

8 PESTICIDE RESIDUE TESTING MARKET, BY FOOD TESTED 70

8.1 INTRODUCTION 71

8.2 MEAT & POULTRY 73

8.3 DAIRY PRODUCTS 74

8.4 PROCESSED FOOD 75

8.5 FRUITS & VEGETABLES 77

8.6 CEREALS, GRAINS & PULSES 77

8.7 OTHERS 78

9 PESTICIDE RESIDUE TESTING MARKET, BY CLASS 79

9.1 INTRODUCTION 80

9.2 ORGANOCHLORINES 80

9.3 ORGANOPHOSPHATES 80

9.4 ORGANONITROGENS & CARBAMATES 80

9.5 OTHERS 81

10 PESTICIDE RESIDUE TESTING MARKET, BY REGION 82

10.1 INTRODUCTION 83

10.2 NORTH AMERICA 85

10.3 EUROPE 90

10.4 ASIA-PACIFIC 101

10.5 REST OF THE WORLD (ROW) 112

11 REGULATIONS 119

11.1 INTRODUCTION 119

11.2 INTERNATIONAL BODY FOR FOOD SAFETY STANDARDS AND REGULATIONS 119

11.3 GLOBAL FOOD SAFETY INITIATIVE (GFSI) 119

11.4 NORTH AMERICA 120

11.5 MEXICO 123

11.6 EUROPE 123

11.7 ASIA-PACIFIC 126

11.8 ROW 129

12 COMPETITIVE LANDSCAPE 130

12.1 OVERVIEW 130

12.2 PESTICIDE RESIDUE TESTING MARKET SHARE (VALUE), BY KEY PLAYER, 2015 131

12.3 KEY MARKET STRATEGIES 132

12.4 ACQUISITIONS: POPULAR STRATEGY FOR THE GLOBAL PESTICIDE RESIDUE TESTING MARKET 134

12.5 ACQUISITIONS 135

12.6 EXPANSIONS & INVESTMENTS 136

12.7 INNOVATIONS, ACCREDITATIONS, PARTNERSHIPS, AND COLLABORATIONS 137

12.8 NEW SERVICE LAUNCHES 138

13 COMPANY PROFILES 139

(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*

13.1 INTRODUCTION 139

13.2 EUROFINS SCIENTIFIC SE 140

13.3 BUREAU VERITAS S.A. 144

13.4 SGS S.A. 147

13.5 INTERTEK GROUP PLC 150

13.6 SILLIKER, INC. 154

13.7 ALS LIMITED 157

13.8 ASUREQUALITY LTD. 160

13.9 SCS GLOBAL SERVICES 162

13.10 MICROBAC LABORATORIES, INC. 163

13.11 SYMBIO LABORATORIES 164

*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.

14 APPENDIX 165

14.1 INDUSTRY INSIGHTS 165

14.2 DISCUSSION GUIDE 166

14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 170

14.4 MORE COMPANY DEVELOPMENTS 172

14.5 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 176

14.6 AVAILABLE CUSTOMIZATIONS 176

14.7 RELATED REPORTS 177

14.8 AUTHOR DETAILS 178

Additional Details

Publisher

MarketsandMarkets

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Reference

204378 | AGI 4765

Number of Pages

180

Report Format

PDF

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