Residue Services Market Intelligence

Residue Services Market Description

The current global crop residue testing market is estimated to be worth $1.33 billion and is expected to reach a value of $1.63 by 2022, growing at a CAGR of 6.5-7 percent. APAC is growing at the highest rate of approximately 8-9 percent CAGR due to the large population and corresponding demands. Factors driving the market are herbicide application, food trade, and health concerns and regulations. The herbicide submarket contributes to 44 percent of the entire testing market, followed by fungicides at 27 percent and insecticides at 22 percent. Key suppliers are Eurofins, SGS, and Syntech Research.

The report provides a detailed analysis of the global residue services market, examining key growth drivers and constraints. The report analyses the regional trends, market share and regulatory landscape for the areas of Europe, North America, APAC, Latin America, Middle East, and Africa. The report identifies major mergers and acquisitions in the field and evaluates top market trends. The report discusses top sourcing practices, engagement models and pricing models. Porter's Five Forces Analysis is provided in the report, along with a PESTLE analysis. The report also includes a supplier analysis and an overview of supplier segmentation trends.

Report Coverage

Engagement Models
Pricing Models
Supplier Client Base Case Analysis

Residue Services Market Trend, Analysis & Forecast

Category Intelligence on Residue Services covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

icon
Executive Summary

icon
Market Analysis

icon
Supply Analysis

icon
Cost & Pricing Analysis

icon
Best Practices

1. Residue Services Executive Summary

1.1 Executive Summary

2. Residue Services Market Overview

2.1 Global Market Size and Growth
2.2 Global Growth Drivers and Constraints
2.3 Mergers and Acquisition Trends
2.4 Regional Trends–Europe, North America, Asia Pacific, LATAM, MEA
2.5 Market Trends - Analytical Residue Analysis, Metabolism studies, E-fate and Operational Exposure Studies
2.6 Porter’s Five Forces Analysis
2.7 Regulatory Landscape–Europe, North America, Asia Pacific, LATAM, Middle East, Africa
2.8 PESTLE Analysis

3.Residue Services Supply Landscape

3.1 Supplier Segmentation Trends
3.2 Supplier Analysis–Global vs. Regional
3.3 Day-One-Analysis
3.4 SWOT Analysis: Buyer vs. Supplier
3.5 Cost Driver Analysis
3.6 Equipment Owned by Suppliers
3.7 Technology Trends

4. Residue Services Supply Landscape

4.1 Supplier Segmentation Trends
4.2 Supplier Analysis–Global vs. Regional
4.3 Day-One-Analysis
4.4 SWOT Analysis: Buyer vs. Supplier
4.5 Cost Driver Analysis
4.6 Equipment Owned by Suppliers
4.7 Technology Trends

5. Residue Services Sourcing Practices

5.1 Engagement Models
5.2 Pricing Models
5.3 Supplier Client Base Case Analysis

Global Market Size and Growth- Residual Services

Industry competes in a USD 1.16B testing market as of 2017. There are sufficient service providers within the supply market to meet the current and future demand for residue testing services. APAC is growing at the highest rate (~ 8–9 % CAGR) due to large population and corresponding demand for agro products. The growth is also driven by increasing awareness about consumer safety.

The crop protection residue testing market is expected to reach $1.63B, growing at a CAGR of 7percent by 2022. The herbicide submarket contributes to 44 percent of the entire testing market, with large growth due to its highest production and application in agriculture.

Global Growth Drivers and Constraints

Favorable government policies and frequent monitoring programs on pesticide residue testing has created a competitive market for suppliers with increased M&A’s, launching of newer tests etc. This provides opportunity to Industry to partner with suppliers who have increased functional capability.

Increased herbicide application and government monitoring programs are the key drivers of the residue services market. Lack of infrastructure and awareness in developing countries are the only restraining factors.

Residue Services Market Structure

Industry competes in a USD 1.24B Cropscience residue testing* market growing at a CAGR of 6–7%. The supply market is consolidated with dominance among laboratory testing players (e.g. Eurofins, SGS) in terms of global presence and access to technology
Cropscience and agrochemical companies drive the utilization capacity and contribute to >65 percent of the suppliers revenue. Hence, an increased negotiation power for the industry
Suppliers with residue testing and field trials capability have an upper hand in the future of being a full service provider. Industry could seek opportunity through bundled outsourcing of residue testing and field trials to these suppliers–enabling volume discounts, ease in supplier relation management, etc.

Regional Market Trends

As a strong trader of agro commodities and processed food to North America and Europe, APAC is seeing the highest growth as the need for food safety and residue testing is driving the demand
LATAM is also seeing considerable growth, after the meat scandal impact on international trade causing economic stress and tightened regulations

Mergers and Acquisition Trends

Majority of the M&A’s among the supply base were aimed at increased geographic capability. Among geographic expansions, greater than 30 percent of them were aimed at Europe followed by Asia. This relates to suppliers having a larger presence in this region for Industry to partner.

Austria, Czech Republic, Hungary, Portugal, Spain, Poland, France, Italy are some of the regions within Europe which saw trending M&A over time. Certain expansion where aimed at increasing the functional capability of being a full service provider for e-fate, metabolism, eco-toxicology, field trials and residue analytical studies.

Buy Report ( ~~$499~~ $399)

Talk to sales

Download Sample