Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Market Overview:
The global Pesticide Residue Testingmarket was valued at USD 1.10billion in 2016 and is projected to reach USD 1.99billionby 2025, growing at a CAGR of 6.8% from 2017 to 2025.
Pesticide Residue is a serious issue as the effect of such contamination can be seen in generations. The growing use of pesticides in agriculture has resulted in rising demand for pesticide residue testing. The presence of carcinogenic compounds in pesticides can have an adverse effect on the population
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Global movement of organic revolution
1.2 Rising international trade of food materials
2. Market Restraints
2.1 Lack of food control infrastructure & resources in developing countries
2.2 Lack of education about food standards
Market Segmentation:
The global Pesticide Residue Testingmarket is segmented on the type, food tested, technology, class,and region.
1. By Type:
1.1 Herbicides
1.2 Pesticides
1.3 Fungicides
1.4 Others
2. By Technology:
2.1 LC-MS/GC-MS
2.2 High Performance Liquid Chromatography
2.3 Gas Chromatography
2.4 Others
3. By Food Tested:
3.1 Dairy
3.2 Processed Food
3.3 Meat and Poultry
3.4 Fruits and Vegetables
3.5 Cereals and Grains
3.6 Others
4. By Class:
4.1 Organophosphates
4.2 Organochlorines
4.3 Carbomates and Organonitrogens
4.4 Others
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Symbio Laboratories
2. Microbac Laboratories
3. ALS Limited
4. Eurofins Scientific SE
5. Bureau Veritas SA
6. SCS Global Services
7. Silliker Inc.
8. Intertek Group PLC
9. SGS SA
10. Asurequality Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Pesticide Residue Testingmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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