Report Overview

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

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Vietnam Pesticide Residue Testing Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Food Safety Concerns in Vietnam
         2. Stringent Regulatory Standards
      2. Restraints
         1. Lack of Testing Infrastructure
         2. Limited Awareness and Knowledge
      3. Opportunities
         1. Growing Agriculture Industry
         2. Export Market Expansion
      4. Challenges
         1. Cost of Testing
         2. Testing Methodologies and Standards
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Vietnam Pesticide Residue Testing Market Overview
   1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Herbicides
         2. Insecticides
         3. Fungicides
         4. Others (Acaricides, Nematicides, Rodenticides, Disinfectants)
      2. By Technology
         1. Single Residue Method
         2. Multiple Residue Method
         3. LC-MS/GC-MS
         4. High-Performance Liquid Chromatography (HPLC)
         5. Gas Chromatography
         6. Others
      3. By Class
         1. Organochlorines
         2. Organophosphates
         3. Organonitrogens & Carbamates
         4. Others
      4. By Food Tested
         1. Meat & Poultry
         2. Dairy Products
         3. Processed Food
         4. Fruits & Vegetables
         5. Cereals, Grains & Pulses
         6. Others
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Vietnam Pesticide Residue Testing Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Vietnam Pesticide Residue Testing Market
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. Eurofins Scientific Se
   2. Bureau Veritas S.A.
   3. SGS S.A.
   4. Intertek Group PLC
   5. Silliker, Inc.
   6. ALS Limited
   7. Asurequality Ltd.
   8. SCS Vietnam Services
   9. Microbac Laboratories Inc
   10. Symbio Laboratories
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumptions & Limitations

*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