The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The pesticide residue testing market has shown remarkable growth in recent years, reflecting an increasing global emphasis on food safety and quality. From stringent regulatory standards to technological advancements, various factors have propelled this market forward. This blog explores the key drivers, current trends, and future outlook for the pesticide residue testing market.

Recent Growth and Market Dynamics

Impressive Market Expansion

• Market Size Growth: The pesticide residue testing market has grown from $1.74 billion in 2023 to $1.86 billion in 2024, marking a compound annual growth rate (CAGR) of 6.9%.
• Historic Growth Factors: This growth is largely attributed to:
  • Stringent regulatory standards
  • Globalization of food supply chains
  • Increased pesticide usage in agriculture
  • Rising consumer awareness and demand for safe food
  • Expansion of organic farming
  • Role of trade associations and certification programs

View More On The Pesticide Residue Testing Market Report 2024 – https://www.thebusinessresearchcompany.com/report/pesticide-residue-testing-global-market-report

Future Market Projections

Anticipated Growth and Trends

• Forecasted Market Size: The market is expected to reach $2.5 billion by 2028, with a CAGR of 7.7%.
• Drivers for Future Growth:
  • Emergence of new pesticides
  • Focus on sustainable agriculture
  • Demand for rapid testing methods
  • Consumer preference for residue-free products
  • Regulatory shifts and updates
• Trends to Watch:
  • Advancements in analytical techniques
  • Multi-residue analysis capabilities
  • Blockchain technology for traceability
  • Increased awareness and education initiatives
  • Collaborative efforts for residue monitoring
  • Rapid technological innovations

Addressing Food-Borne Illnesses

The Impact of Rising Food-Borne Illnesses

• Global Health Concerns: The increasing prevalence of food-borne illnesses is a significant driver for the pesticide residue testing market.
  • UN Report (May 2022): Approximately 600 million people fall ill annually due to contaminated food.
  • California Department of Public Health (April 2023): Around 48 million Americans suffer from food-borne illnesses each year.
• Preventive Measures: Pesticide residue testing helps prevent such illnesses by ensuring that food is free from harmful pesticide residues.

Industry Innovations and Market Leaders

Launch of Innovative Products

• Cannabis Testing Kits: Companies are introducing new products to cater to emerging markets like cannabis testing.
  • PerkinElmer Inc. (March 2021): Launched the ONE Pesticide420 CRM Reagent and Consumable Kit for LCMS cannabis testing, simplifying complex preparation methods.

Strategic Acquisitions

• Mérieux NutriSciences Acquisition:
  • November 2022: Acquired Babil Laboratory to enhance its pesticide analysis capabilities and strengthen its market position in Turkey.

Market Segmentation

Diverse Market Segments

• By Type: Herbicides, Fungicides, Insecticides, Other Types
• By Technology: LC-MS or GC-MS, HPCL, Gas Chromatography, Other Technologies
• By Food Tested: Meat and Poultry, Dairy Products, Processed Foods, Fruits and Vegetables, Cereals, Grains, and Pulses, Other Foods Tested
• By Class: Organ chlorines, Organophosphates, Organonitrogens, Carbamates, Other Classes

Geographical Insights

Leading Regions

• Europe: The largest region in the pesticide residue testing market as of 2023, reflecting advanced regulatory frameworks and high consumer demand for food safety.

Conclusion

The pesticide residue testing market is set for continued growth driven by increasing regulatory scrutiny, technological advancements, and a global focus on food safety. As awareness of food-borne illnesses rises, and as new pesticides and rapid testing methods emerge, the market will continue to evolve. Companies in this space are poised to benefit from these trends through innovative products and strategic expansions, ensuring that the food we consume is safe and healthy.

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The Pesticide Residue Testing Global Market Report 2024  provides comprehensive insights on the pesticide residue testing market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the pesticide residue testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Pesticide And Other Agricultural Chemicals Global Market Report 2024

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Specialty Pesticides Global Market Report 2024

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