Description

The pesticide residue testing market is projected to reach USD 3.12 Billion by 2027, at a CAGR of 7.3% from 2020 to 2027. Pesticides are the chemical substances used to control the insects, fungi, and other pests on agriculture crops. Pesticide residue may remain on or in food after sprayed on to food crops. Regulatory bodies specify the maximum residual limits in the food due to toxic nature that can cause severe health hazards if consumed. Pesticide residues are carcinogenic and may affect the reproductive and nervous systems. Pesticide residues are majorly observed in the poultry, grains, fruits and vegetables, fish, and other aquatic products. Pesticide residues are tested in the laboratories by using various liquid chromatography, gas chromatography, and other techniques. With the world’s population growing, accurate pesticide residue testing procedures are required for sustainable food production. The global pesticide residue testing market is being driven by the implementation of severe food safety laws, developments in testing technology, and international trade of food materials. Pesticide residue testing market has a lucrative growth over the forecast period. Several international players are actively working in the development of newer testing methods. Moreover, collaboration between the industries and food testing laboratories may immensely boost the pesticide residue testing market. For instance, in January 2014, The European Union Reference Laboratories (EURL) and UK Food and Environment Research Agency (FERA) are collaborated with Thermo Fischer Scientific to develop the methods for qualitative and quantitative analysis of pesticide residues in food. Furthermore, acquisitions and mergers, launching of newer tests, and business expansions are the strategies followed by the market players to increase their revenue share in residue testing market. For instance, in October 2016, Steep hill launched new cannabis pesticide residue test in California.

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