Vietnam Pesticide Residue Testing Market
Vietnam Pesticide Residue Testing Market - By Type (Herbicides, Insecticides, Fungicides, Others (Acaricides, Nematicides, Rodenticides, Disinfectants)); By Technology (Single Residue Method, Multiple Residue Method, LC-MS/GC-MS, High-Performance Liquid Chromatography (HPLC), Gas Chromatography, Others); By Class (Organochlorines, Organophosphates, Organonitrogens & Carbamates); By Food Tested (Meat & Poultry, Dairy Products, Processed Food, Fruits & Vegetables, Cereals, Grains & Pulses), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: June 2023
- Report ID: BWC23445
- Available Format: PDF
- Page: 200
Report Overview
Increasing government investments in the agricultural sector, rising demand for food products, advancements in farming technologies, and a growing focus on sustainable and organic farming practices, drive the overall growth and development of the Vietnam Pesticide Residue Testing Market during the forecast period between 2023 and 2029.
Vietnam Pesticide Residue Testing Market – Trends & Forecast Report, 2029
Vietnam pesticide residue testing market size is projected to grow at a CAGR of 5.25% during the forecast period between 2023 and 2029. The Vietnam pesticide residue testing market is experiencing growth due to several key drivers. The increasing demand for high-quality and safe agricultural products has led to a greater emphasis on reducing pesticide residues in food and crops. This has prompted farmers and growers to adopt advanced pesticide management practices and technologies. Also, the rising awareness among consumers about the potential health risks associated with pesticide residues has fueled the demand for residue-free produce. The government regulations and initiatives promoting sustainable agriculture and food safety have further propelled market growth. Further, the expanding export market for Vietnamese agricultural products has created a strong incentive for farmers to comply with international residue standards, driving the demand for residue testing and mitigation solutions. Overall, these drivers are stimulating the growth of the Vietnam pesticide residue testing market.
Vietnam Pesticide Residue Testing Market - Overview
Pesticide residue testing is a crucial process used to determine the presence and concentration of pesticide residues in various food products and environmental samples. It involves analyzing samples to detect and quantify the residues left behind by pesticides used in agriculture or other applications. The testing aims to ensure that food products and the environment are safe for consumption and free from harmful pesticide levels that may pose health risks. Techniques such as chromatography, mass spectrometry, and immunoassays are commonly employed for residue analysis. Regulatory agencies, food producers, and environmental organizations rely on pesticide residue testing to enforce standards, assess compliance, and protect public health.
Growth Drivers
Rising Demand for Safe and Quality Agricultural Produce
The growth driver of the Vietnam pesticide residue testing market can be attributed to the increasing demand for safe and quality agricultural produce. As consumers become more aware of the potential health risks associated with pesticide residues in food, there is a growing preference for products with minimal or no residue levels. This has led to a surge in demand for pesticide residue testing services and the adoption of sustainable and eco-friendly farming practices. Also, stringent regulations and quality standards imposed by both domestic and international markets further propel the need for effective residue management solutions. Consequently, the Vietnam pesticide residue testing market is witnessing significant growth as farmers and food producers strive to meet the rising demand for residue-free products.
Restraints
Stringent Regulations Impacting Agricultural Sector
In Vietnam, the pesticide residue market is grappling with a growing challenge posed by stringent regulations. Concerns over public health and environmental safety have prompted authorities to tighten restrictions on pesticide residues in agricultural products. Therefore, farmers and agricultural businesses are facing increased scrutiny and pressure to comply with these standards. The implementation of strict residue limits has created a hurdle for the industry, as it requires farmers to adopt alternative pest control methods and invest in advanced technologies. This shift not only poses financial burdens but also necessitates comprehensive training programs to educate farmers on sustainable farming practices. Consequently, the Vietnamese agricultural sector is experiencing a significant transformation as it strives to navigate these regulatory restraints.
Vietnam Pesticide Residue Testing Market
Segmental Coverage
Vietnam Pesticide Residue Testing Market – By Type
On the basis of type, Vietnam pesticide residue testing market is divided into Herbicides, Insecticides, Fungicides, and Other (Acaricides, Nematicides, Rodenticides, and Disinfectants) segment. The largest segment in the Vietnam Pesticide Residue Testing Market by type is the Herbicides segment. Herbicides are chemicals used to control or eliminate unwanted plants, commonly known as weeds, in agricultural and non-agricultural settings. In Vietnam, where agriculture is a significant sector, herbicides play a crucial role in ensuring crop productivity and quality by suppressing weed growth. Therefore, the demand for pesticide residue testing specifically for herbicides is high. However, it is important to note that the market also encompasses other segments such as Insecticides, Fungicides, and Others, which include Acaricides, Nematicides, Rodenticides, and Disinfectants.
Vietnam Pesticide Residue Testing Market – By Technology
By technology, Vietnam pesticide residue testing market is divided into Single Residue Method, Multiple Residue Method, LC-MS/GC-MS, High-Performance Liquid Chromatography (HPLC), and Gas Chromatography segments. The largest segment is the Multiple Residue Method. This method allows for the simultaneous detection and quantification of various pesticide residues in agricultural products. It offers efficiency and cost-effectiveness by combining multiple analyses into a single process. LC-MS/GC-MS, which stands for Liquid Chromatography-Mass Spectrometry/Gas Chromatography-Mass Spectrometry, is another significant segment. It provides highly sensitive and accurate results by combining the separation capabilities of chromatography with the detection capabilities of mass spectrometry. High-Performance Liquid Chromatography (HPLC) and Gas Chromatography are additional methods used for analyzing pesticide residues, albeit to a lesser extent in the Vietnamese market.
Vietnam Pesticide Residue Testing Market – By Class
On the basis of class, Vietnam pesticide residue testing market is divided into Organochlorines, Organophosphates, Organonitrogens & Carbamates segments. These segments categorize different types of pesticides used in Vietnam to combat pests and protect crops. Organochlorines are a group of pesticides that contain chlorine and are known for their persistence in the environment. Organophosphates are pesticides containing phosphorus, widely used for their effectiveness against a wide range of pests. Organonitrogens refer to pesticides containing nitrogen, used primarily to control insects. Carbamates are another group of pesticides that target insects and are known for their broad-spectrum activity. The segmentation of the Vietnam pesticide residue testing market helps in understanding the usage and impact of these pesticide types in the country.
Vietnam Pesticide Residue Testing Market – By Food Tested
Based on food tested, Vietnam pesticide residue testing market is divided into Meat & Poultry, Dairy Products, Processed Food, Fruits & Vegetables, Cereals, and Grains & Pulses segments. The fruits & vegetables segment is the largest contributor to the Vietnam pesticide residue testing market. Fruits and vegetables are widely consumed by the Vietnamese population and form an essential part of their diet. However, due to the extensive use of pesticides in agriculture, concerns regarding pesticide residues on these produces have arisen. Consequently, the demand for pesticide residue testing and monitoring in fruits and vegetables has increased significantly. Consumers and regulatory authorities are placing greater emphasis on food safety, leading to a higher demand for pesticide residue analysis in this segment. Thus, the Fruits & Vegetables segment holds the largest share of the Vietnam pesticide residue testing market.
Competitive Landscape
Major players in the Vietnam Pesticide Residue Testing Market include Eurofins Scientific Se, Bureau Veritas S.A., SGS S.A., Intertek Group PLC, Silliker, Inc., ALS Limited, Asurequality Ltd., SCS Vietnam Services, Microbac Laboratories Inc, and Symbio Laboratories. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
Saudi Arabia |
Product/ Service Segmentation |
Type, Technology, Class, Food Tested |
Key Players |
Eurofins Scientific Se, Bureau Veritas S.A., SGS S.A., Intertek Group PLC, Silliker, Inc., ALS Limited, Asurequality Ltd., SCS Vietnam Services, Microbac Laboratories Inc, Symbio Laboratories |
By Type
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-
Herbicides
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Insecticides
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Fungicides
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Others (Acaricides, Nematicides, Rodenticides, Disinfectants)
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By Technology
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-
Single Residue Method
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Multiple Residue Method
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LC-MS/GC-MS
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High-Performance Liquid Chromatography (HPLC)
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Gas Chromatography
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Others
-
By Class
-
-
Organochlorines
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Organophosphates
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Organonitrogens & Carbamates
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Others
-
By Food Tested
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-
Meat & Poultry
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Dairy Products
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Processed Food
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Fruits & Vegetables
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Cereals, Grains & Pulses
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Others
-
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Vietnam Pesticide Residue Testing Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Increasing Food Safety Concerns in Vietnam
- Stringent Regulatory Standards
- Restraints
- Lack of Testing Infrastructure
- Limited Awareness and Knowledge
- Opportunities
- Growing Agriculture Industry
- Export Market Expansion
- Challenges
- Cost of Testing
- Testing Methodologies and Standards
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Vietnam Pesticide Residue Testing Market Overview
- Market Size & Forecast by Value, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Herbicides
- Insecticides
- Fungicides
- Others (Acaricides, Nematicides, Rodenticides, Disinfectants)
- By Technology
- Single Residue Method
- Multiple Residue Method
- LC-MS/GC-MS
- High-Performance Liquid Chromatography (HPLC)
- Gas Chromatography
- Others
- By Class
- Organochlorines
- Organophosphates
- Organonitrogens & Carbamates
- Others
- By Food Tested
- Meat & Poultry
- Dairy Products
- Processed Food
- Fruits & Vegetables
- Cereals, Grains & Pulses
- Others
- By Type
- Market Size & Forecast by Value, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Vietnam Pesticide Residue Testing Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Vietnam Pesticide Residue Testing Market
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Eurofins Scientific Se
- Bureau Veritas S.A.
- SGS S.A.
- Intertek Group PLC
- Silliker, Inc.
- ALS Limited
- Asurequality Ltd.
- SCS Vietnam Services
- Microbac Laboratories Inc
- Symbio Laboratories
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figure
Figure 1 Vietnam Pesticide Residue Testing Market Segmentation
Figure 2 Vietnam Pesticide Residue Testing Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Vietnam Pesticide Residue Testing Market Size, By Value (USD Million), 2019–2029
Figure 5 Vietnam Pesticide Residue Testing Market Share, By Type, By Value, 2019–2029
Figure 6 Vietnam Pesticide Residue Testing Market Share, By Technology, By Value, 2019–2029
Figure 7 Vietnam Pesticide Residue Testing Market Share, By Class, By Value, 2019–2029
Figure 8 Vietnam Pesticide Residue Testing Market Share, By Food Tested, By Value, 2019–2029
List of Tables
Table 1 Vietnam Pesticide Residue Testing Market Size, By Type, By Value, 2019–2029
Table 2 Vietnam Pesticide Residue Testing Market Size, By Technology, By Value, 2019–2029
Table 3 Vietnam Pesticide Residue Testing Market Size, By Class, By Value, 2019–2029
Table 4 Vietnam Pesticide Residue Testing Market Size, By Food Tested, By Value, 2019–2029
Table 5 Eurofins Scientific Se Company Overview
Table 6 Eurofins Scientific Se Financial Overview
Table 7 Bureau Veritas S.A. Company Overview
Table 8 Bureau Veritas S.A. Financial Overview
Table 9 SGS S.A. Company Overview
Table 10 SGS S.A. Financial Overview
Table 11 Intertek Group PLC Company Overview
Table 12 Intertek Group PLC Financial Overview
Table 13 Silliker, Inc. Company Overview
Table 14 Silliker, Inc. Financial Overview
Table 15 ALS Limited Company Overview
Table 16 ALS Limited Financial Overview
Table 17 Asurequality Ltd. Company Overview
Table 18 Asurequality Ltd. Financial Overview
Table 19 SCS Vietnam Services Company Overview
Table 20 SCS Vietnam Services Financial Overview
Table 21 Microbac Laboratories Inc Company Overview
Table 22 Microbac Laboratories Inc Financial Overview
Table 23 Symbio Laboratories Company Overview
Table 24 Symbio Laboratories Financial Overview
Market Segmentation
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