The global market for Pesticide Residue Testing is estimated at US$1.6 Billion in 2023 and is projected to reach US$2.1 Billion by 2030, growing at a CAGR of 4.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the pesticide residue testing market is driven by several factors. One major driver is the increasing awareness of food safety and the health risks associated with pesticide residues, prompting stricter regulations and higher demand for testing services. The globalization of the food trade requires adherence to international safety standards, further boosting the need for comprehensive testing. Technological advancements that improve the sensitivity, accuracy, and speed of testing methods are also propelling market growth by making testing more efficient and accessible.
Additionally, the rise in organic and sustainable farming practices is increasing the demand for residue testing to certify that products are free from synthetic pesticides. The growing emphasis on environmental protection and the need for monitoring pesticide residues in soil and water further contribute to market expansion. These factors, combined with continuous innovation and regulatory pressures, ensure a robust growth trajectory for the pesticide residue testing market.
The growth in the pesticide residue testing market is driven by several factors. One major driver is the increasing awareness of food safety and the health risks associated with pesticide residues, prompting stricter regulations and higher demand for testing services. The globalization of the food trade requires adherence to international safety standards, further boosting the need for comprehensive testing. Technological advancements that improve the sensitivity, accuracy, and speed of testing methods are also propelling market growth by making testing more efficient and accessible.
Additionally, the rise in organic and sustainable farming practices is increasing the demand for residue testing to certify that products are free from synthetic pesticides. The growing emphasis on environmental protection and the need for monitoring pesticide residues in soil and water further contribute to market expansion. These factors, combined with continuous innovation and regulatory pressures, ensure a robust growth trajectory for the pesticide residue testing market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Herbicides Residue Testing segment, which is expected to reach US$1.1 Billion by 2030 with a CAGR of a 5.2%. The Fungicides Residue Testing segment is also set to grow at 4.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $420.9 Million in 2023, and China, forecasted to grow at an impressive 7.2% CAGR to reach $441.7 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Pesticide Residue Testing Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Pesticide Residue Testing Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Pesticide Residue Testing Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ALS Ltd., AsureQuality Ltd., Bureau Veritas SA, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 46 Featured):
- ALS Ltd.
- AsureQuality Ltd.
- Bureau Veritas SA
- Eurofins Scientific SE
- Intertek Group PLC
- Microbac Laboratories, Inc.
- SCS Global Services
- SGS SA
- Silliker, Inc.
- Symbio Laboratories
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- ALS Ltd.
- AsureQuality Ltd.
- Bureau Veritas SA
- Eurofins Scientific SE
- Intertek Group PLC
- Microbac Laboratories, Inc.
- SCS Global Services
- SGS SA
- Silliker, Inc.
- Symbio Laboratories
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 173 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.6 Billion |
| Forecasted Market Value ( USD | $ 2.1 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
