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Agricultural and Environmental Diagnostics: A Global Strategic Business Report

Tightening environmental regulations to aid growth in environmental diagnostics market


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2014-01-23 13:57:02 - Agricultural and Environmental Diagnostics: A Global Strategic Business Report - a new market research report on companiesandmarkets.com

Global market for Agricultural and Environmental Diagnostics is projected to surpass US$7.3 billion by 2018, driven by stringent environmental regulations and rising investment in quality control measures by food processing companies.

Rising concerns over food and water safety and tightening environmental regulations globally continue to increase the need for testing contaminants, thereby generating strong demand for Agricultural and Environmental Diagnostics. Growth is also buoyed by increasing government regulations, which is putting pressure on manufacturers to deliver high quality products in compliance. The food industry is highly sensitive to quality issues as lapses in product quality results in negative publicity. With brand reputation and loyalty playing a major role in determining and sustaining success, food companies are increasingly focusing on ensuring quality

 

 

compliance throughout the supply chain. Also globalization and instability in supply chains and sourcing patterns is steadily expanding the demand for quality control services.

Food residue testing market is gaining ground with the world food supply under constant threat from residues of drugs, environmental toxins and agricultural chemicals. Growth in the segment has accelerated over the past few years supported by increasing demand from laboratories and governmental agencies as well as regulations that ensure food safety. Food Microbiology Testing represents a rapidly growing segment in the environmental and agricultural diagnostics market. Increased public attention to microbiological hazards due to the acute harm associated with pathogen contamination is driving growth in the market.

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