Pesticide Residue Testing Service Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 3.2 Billion by 2030, growing at a CAGR of 10.4% from 2024 to 2030.
The global pesticide residue testing service market was valued at approximately USD 1.5 billion in 2022. This market is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2028. The increasing awareness of food safety and stringent regulations imposed by government agencies regarding pesticide residues are driving this growth. Additionally, the rising demand for organic and residue-free produce is further fueling the market expansion. The prevalence of foodborne illnesses and the growing consumer preference for transparency in food labeling are contributing factors to the heightened demand for these testing services.
Opportunities in the pesticide residue testing service market are emerging due to advancements in testing technologies and the expansion of testing capabilities. The growing agricultural sector and the development of novel pesticides necessitate comprehensive testing solutions to ensure compliance with safety standards. Moreover, the rise in international trade and the need for adherence to various regional and global regulations present substantial opportunities for market growth. The market is also witnessing increased investments in research and development to enhance testing methods and expand service offerings, which will likely drive further growth in the coming years.
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SGS
ALS Limited
Eurofins Scientific
AB SCIEX
Bureau Veritas
Intertek Group
Arbro Pharmaceuticals Private
Fera Science
AGQ Labs USA
Waters Agricultural Laboratories
Scicorp Laboratories PTY
Microbac Laboratories
Symbio Laboratories
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pesticide Residue Testing Service Market
Feed & Pet food
Dairy
Processed Foods
Nuts
seeds and spices
Agricultural Crops
Food & Beverages
Based on Types the Market is categorized into Below types that held the largest Pesticide Residue Testing Service market share In 2023.
Chromatography
Immunoassay
Spectroscopy
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pesticide Residue Testing Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pesticide Residue Testing Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pesticide Residue Testing Service Market, By Type
6. Global Pesticide Residue Testing Service Market, By Application
7. Global Pesticide Residue Testing Service Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Pesticide Residue Testing Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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