PUBLISHER: DataM Intelligence | PRODUCT CODE: 1423440
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1423440
Overview
Global Pesticide Residue Testing Market reached US$ 1.70 billion in 2022 and is expected to reach US$ 2.92 billion by 2030, growing with a CAGR of 7.0% during the forecast period 2023-2030.
The global pesticide residue testing market has witnessed significant growth and transformations over the years, as pesticide residue testing is a crucial aspect of food safety and quality control. They help in detecting the residues of various pesticides, they are performed by various technologies on a wide range of food and agricultural products.
Furthermore, the government is focusing on pesticide residue testing and developing various laboratories, for instance, in January 2024, the government of India, a pesticide residue analysis laboratory is to be set up in Aizawl. This laboratory aims to address issues related to pesticide residue and analysis, and the funds are approved under the Rashtriya Krishi Vikas Yojana. Hence, such initiatives can help in driving the global pesticide residue testing market.
The herbicide residue testing segment holds the maximum share in the global pesticide residue testing market, as well as Asia-Pacific region dominates the world share, as the government in this region imposes some regulations on the usage of pesticides, and also took some initiatives for developing the testing laboratories, hence, it can help in increasing the market growth.
Dynamics
Rising the Risks of Pesticide Contamination
The risk for pesticidal contamination is rising, for instance, according to the report published by the National Institute of Health in 2022, pesticide use causes 3 million poisonings, 220,000 deaths, and about 750,000 chronic illnesses every year worldwide, most of them occurring in developing countries. Hence, such a high inclination rate of pesticidal contamination can help in increasing the market growth.
Furthermore, consumer awareness of the potential health risks associated with pesticide residues in food has led to increased demand for pesticidal residue testing, also the government of various countries imposed some strict regulations for maximum residue limits of pesticides in food, which also helps in driving the global pesticidal residue testing market.
Product Developments
Product developments of various pesticide residues can significant role in driving the market. Advances in technologies, methodologies, and equipment contribute to making the testing process more efficient, accurate, and adaptable to evolving needs. Hence, it can help in increasing the market growth.
Furthermore, manufacturers of pesticide testing are launching innovative products, for instance, in January 2023, Glyphosate-V provides high-sensitivity data as the first quantitative lateral flow strip test for glyphosate. Glyphosate-V brings high-sensitivity, quantitative, and rapid testing out of the traditional laboratory and delivers quantitative results in less than 15 minutes. Hence, such products can help in boosting the global pesticide residue testing market.
High Cost of Testing Equipment
The high cost of testing equipment is indeed a significant restraint for the pesticide residue testing market, the advanced equipment required to yield accurate results escalates the capital investment required, thereby establishing financial barriers that hinder new entrants from participating in the pesticide residue testing market.
The global pesticide residue testing market is segmented based on type, pesticide class, technology, food tested, and region.
Increase in Demand for Effective Heribicide Testing
The testing of herbicide residues ensures that food products comply with safety regulations and meet established standards, it involves the use of various analytical techniques. Common methods include gas chromatography, liquid chromatography, and others, which enable the detection and quantification of herbicide residues.
Furthermore, as the demand for herbicide testing is increasing, as the two herbicides the researchers measured are widely used in crop production in the U.S. At high exposures, are potentially toxic and can cause cancer according to the FDA, many researchers are adopting these herbicide residue testing, a Washington State University research team used two testing methods that use nanoparticles to detect and measure the levels of two herbicides, namely atrazine and acetochlor, in samples of apples, strawberries, cabbage, corn, and fruit juices.
Government Initiatives and Strict Regulations
Asia-Pacific has been a dominant force in the global pesticide residue testing market and its significant growth, as the government in this region has implemented some strict regulations towards the usage of pesticides, also developing testing laboratory facilities, which helps in driving the global pesticide residue testing market.
Furthermore, the government in this region imposes some strict regulations for pesticides, for instance, the government of India imposes an Insecticides Act, 1968 which regulates the import, manufacture, sale, transport, distribution, and use of insecticides to prevent risk to human beings or animals.
Additionally, the government in this region also focused on developing pesticidal residue testing facilities, for instance, in July 2023, the Government of India initiated 25 States and 2 UTs have set up 71 pesticide testing Laboratories (PTLs) with an annual capacity of analyzing over 77040 samples for monitoring the quality of pesticides. The details regarding the location of all these PTLs and their target/capacity of sample analysis per annum. also, 10672 Inspectors have, been notified by the State Govt. to check the quality of pesticides, distributed/sold to the farmers.
The major global players in the market include Eurofins Scientific, Bureau Veritas, SGS SA., Intertek Group Plc, Merieux NutriSciences Corporation, ALS, PT. THERMALINDO SARANA LABORATORIA, AsureQuality., Charm Sciences, Inc., and Dairyland Laboratories Inc.
The outbreak of the COVID-19 pandemic strengthened pesticide residue testing, as the government imposed some strict rules and regulations for pesticide maximum residue levels, also consumers' demand for safe food products increased which increased the demand for the global pesticide residue testing market.
By Food Tested
The global pesticide residue testing market report would provide approximately 70 tables, 71 figures and 189 Pages.
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