Pesticide residue plays an important role in the current changing world that has the potential to affect food safety. The growing demand influx has resulted in the flourishment of the agriculture industry involving the usage of pesticides. The residue of these insecticide and pesticides adversely affects the natural environment as well as human health. Therefore, the pesticide residue testing market is gaining traction across the world. Several companies are investing in R&D of pesticide residue testing, to provide services across the food supply chain. Also, the current trend of transparency demand from the consumers is creating a requirement for the pesticide residue testing marketplace, as these can give better knowledge about the used pesticides to the customers. These tests detected exceeding maximum residue level (MRL) of pesticides in foods, creating extreme concerns for the government, who in return imposed regulations and implemented policies for the wellbeing of the citizens. Pesticides are used almost everywhere and can cause acute dangers to humans in the form of cancer, reproductive harm, endocrine disruption, and others making the pesticide residue testing mechanism inevitable. While scientists are trying to invent new ways to carry out pesticide residue testing for a better outcome, researchers in March 2019 introduced a way to detect pesticide residue post the harvest. When AlexNet-CNN's deep learning network was fused with machine vision technology, the pesticide detection on the apple was 99.09%. This short time-consuming method with a good noise immunity property is soon going to create an impact on the marketplace, paving opportunities to the pesticide residue testing market players. Also, in 2018, ITRI’s handheld pesticide residue detector bagged the CES Innovation Awards and came up as a breakthrough in the pesticide residue testing market. With the push of one button, the detector displays lights on the wireless charger indicating results. This innovative breakthrough is going to create an impact on the pesticide residue testing market.
As of 2018, the Pesticide Residue Testing Market size was evaluated at around $41.17 billion, which is expected to witness increment at a CAGR of 8.24% during the forecast period 2019-2025. The report details food deaerator market size by type and market size by applications, food deaerator market share by top 5 companies and also the market share by startups.
Pesticide Residue Testing Market Analysis: Key Application
There are several pesticide residue testing and extraction technologies used by manufacturers such as high performance liquid chromatography, quechers method, gas chromatography, and others. However, the major process that is gaining ground amidst the users is liquid chromatography-mass spectrometry (LC/MS). Recently, the Central Food Laboratories at the Ministry of Public Health (MoPH) achieved a significant development by enhancing the efficiency of an analytical procedure to gauge the residue content of 120 pesticides in fruits and vegetables by implementing LC/MS technology. The World Health Organization (WHO) has been reviewing and developing internationally-accepted maximum residue limits to protect the food consumers from adverse effects of pesticides, and this technology is proving to be the best amongst all. The notable utilization of LC/MS technology in the pesticide residue testing market is going to observe growth at a CAGR of 5.2% during the forecast period 2019-2025.
APAC Pesticide Residue Testing Market Overview:
Global pesticide regulations are constantly being updated. The most widely recognized legislations are passed by Japan, China, and other Asia Pacific countries, along with the US and Europe. As of 2018, APAC bagged the largest pesticide residue testing market share with 29% amidst the global market. Pesticide residue testing is meant to ensure conformity concerning the MRL or tolerance levels of pesticides in foods obtained through agriculture and harvesting.
Agriculture plays a significant role in the economy of the South East Asian countries. Due to the international food diversification, the import and export of agricultural products have been increasing both qualitatively and quantitatively. The region grows 31% of the world’s rice and 18% of its wheat, and a significant amount of tea. These have also heightened the usage of pesticides and fertilizers for a better yield. In June 2019, a research report showed detection of pyrethroids residue, a type of pesticide, in Indonesian tea by gas chromatography-electron capture detector (GC-ECD) method. In September 2018, it was reported that China's fertilizer import increased by 32.4%, while its export grew by 75.9%. Also, several herbicides are being invented and numerous pesticide plants are getting constructed across the Asia Pacific region. The global pesticide market was worth $55.08 billion, where the Asia Pacific grabbed the largest market share of around 28%. The global pesticide sector is estimated to rise at a CAGR of 3.67%, a part of which will also reflect in APAC. Meanwhile, the Central Committee of the Chinese Communist Party and the State Council jointly issued the Regulation on Pesticide Administration of the People's Republic of China in 2017 and is being revised regularly for modifications. With the growing demand for pesticides, the pesticides residue testing market will also flourish in the region for the wellbeing of the population.
Moreover, the World Economic Forum in collaboration with the Association of South East Asian Nations (ASEAN) Secretariat initiated Grow Asia project, supporting Indonesia, Myanmar, Philippines, and Vietnam. Over 100 organizations are involved to catalyze 26 commodity value chain initiatives for 95,000 farmers. The project aims to reach improvement of farm productivity, profitability, and environmental sustainability by 20%, by 2020. This process will involve pesticides, pesticide sprayer, fertilizers, and others, making the usage of pesticide residue testing technology mandatory.
Furthermore, Chinese experts have formed a database for 1,200 types of pesticide residue on fruits and vegetables, in May 2018. Also, Indian marine and horticulture exports suffered high rejection in 2017 due to excessive pesticide residues, which can be tackled by the employment of pesticide residue testing technology. Therefore, the APAC pesticide residue testing market is going to flourish in the upcoming years, paving opportunities to the market leaders.
Pesticide Residue Testing Market Trends & Growth Drivers:
The absolute number of hungry and undernourished people increased to nearly 821 million in 2017 than 2016, and pesticides increase the crop yield to several times to fight food shortage. Therefore, keeping the pesticide residue at check is necessary, paving a path to the pesticide residue testing market leaders, as excess pesticides create chronic health issues.
Meanwhile, a global shift towards organic fruits and vegetables is strikingly visible. Although, no amount of them is produced without pesticides. However, the organic farming market, which is expected to witness upsurge at a healthy CAGR of 15% in the upcoming years, uses organic pesticides. Trace levels of both organic and conventional pesticides pose an amount of health risk to the eaters. An estimated three million cases of pesticide poisoning happen every year, across the world, resulting in an excess of 250,000 deaths. This can be taken care of by the testing of the pesticide residue levels in food. While governments are banning several pesticides from the market, they are also implementing regulations to keep the residue level at a check, thereby boosting the pesticide residue testing market share. On the other hand, the US Food and Drug Administration (FDA) has enforced several regulations determining the pesticide level in raw agricultural commodities and processed foods, while the tolerances of the same in meat, poultry, and some egg products are taken care of by the US Department of Agriculture (USDA). All these are evincing the flourishing future of the pesticide residue testing market across the world.
Moreover, one of the research reports of the National Center for Biotechnology Information (NCBI) presented detection of semi-polar, multiclass pesticide residue in fatty fish muscle tissue by gas and liquid chromatography-mass spectrometry. This will help the fish agriculture sector to keep the pesticide residue level under the maximum limit. These array of happening is going to create a demand influx in the pesticide residue testing market in the upcoming years.
Pesticide Residue Testing Market: Competitive Landscape
The principal business leaders who are currently holding maximum pesticide residue testing market shares in the world and are focusing on the expansion of their manufacturing capacity to gain an edge over other market players are ALS Limited, Bureau Veritas S. A., AsureQuality Limited, Eurofins Scientific, Intertek Group plc, Microbac Laboratories, Inc., Scientific Certification Systems, Inc., SGS S.A., Silliker, Inc., Symbio Laboratories, and others.
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The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
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The latest trending report Global Circulating Fluidized Bed (CFB) Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
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