Pesticide Residue Testing Market to Reach $1.6 Billion by 2022 - Driven by Advancements in Testing Technologies - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Pesticide Residue Testing Market - Global Forecast to 2022" report to their offering.

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 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.

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.

Companies Mentioned:

  • ALS Limited
  • Asurequality Ltd.
  • Bureau Veritas S.A.
  • Eurofins Scientific Se
  • Intertek Group PLC
  • Microbac Laboratories, Inc.
  • SCS Global Services
  • SGS S.A.
  • Silliker, Inc.
  • Symbio Laboratories

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Pesticide Residue Testing Market, By Type

7 Pesticide Residue Testing Market, By Technology

8 Pesticide Residue Testing Market, By Food Tested

9 Pesticide Residue Testing Market, By Class

10 Pesticide Residue Testing Market, By Region

11 Regulations

12 Competitive Landscape

13 Company Profiles

14 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/vqh97t/pesticide_residue

Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Agriculture, Agrochemicals and Fertilizers, Food Safety

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Agriculture, Agrochemicals and Fertilizers, Food Safety