A recent report published by Infinium Global Research on the pesticide residue testing market provides an in-depth analysis of segments and sub-segments in the global as well as regional pesticide residue testing market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pesticide residue testing market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global pesticide residue testing market. According to the report, the global pesticide residue testing market is projected to grow at a significant CAGR over the forecast period of 2022-2028.
The use of pesticide residue testing is projected to soar due to strict food safety standards and the global trade of food ingredients. Further, developing nations with strong development potential for pesticide detection, such as China, India, and Brazil, offer fresh prospects for essential manufacturers. Pesticide analysis, according to analysts, is difficult since food must be tested for an increasing number of target components, adhere to strict laws that force lower detection thresholds, and develop procedures that can operate in extremely complicated sample matrices.
The market for pesticide residue testing is anticipated to expand over the course of the forecast period as a result of rising instances of pesticide residue contamination in crops and increased danger of pesticide residue contamination in livestock feed. Effective pesticide residue testing techniques are necessary for sustainable food production given the expanding worldwide population. The implementation of strict food safety standards, developments in testing technology, and worldwide trade in food supplies are driving the global market for pesticide residue testing. Expanding food trade between emerging markets' borders increases the market's potential for expansion. Food must be tested for pesticide residues due to the rising incidence of food-borne illnesses and the unsanitary and subpar processing facilities in some companies. Pesticide residue testing markets in several developing regions. Numerous developing nations' pesticide residue testing industries are poorly organized, sophisticated, and technologically backward. Due to restricted resources, outdated technology, and inadequate management, many developing nations are likely to lack adequate food control laboratory infrastructure.
The United States leads the growth market in North America due to innovative industries and expanding R&D activities for providing product types like devices, reagents & kits, and other services. Europe dominates the growth of the market during the forecast period. Germany is also expected to experience a promising growth rate during the forecast period due to the increasing use of reagents and kits. Due to technological advancements, food testing innovation, expanding regional consumption, and a changing lifestyle, China is predicted to lead the market in the Asia-Pacific area.
The report on the global pesticide residue testing market covers segments such as type, food tested, class, and technology. On the basis of type, the sub-markets include herbicides, pesticides, fungicides, and others. On the basis of food tested, the sub-markets include dairy, processed food, cereals and grains, meat and poultry, fruits and vegetables, and others. On the basis of class, the sub-markets include organophosphates, organochlorines, carbonates and organonitrogen, and others. On the basis of technology, the sub-markets include LC-MS/GC-MS, high-performance liquid chromatography, gas chromatography, and others.
The report provides profiles of the companies in the market such as SGS, Intertek Group plc, Eurofins Scientific SE, Thermo Fisher Scientific Inc., ALS Limited, AsureQuality Limited, Anacon Laboratories, Bureau Veritas, Microbac Laboratories, Inc., and TÜV SÜD.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the pesticide residue testing market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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