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"Global Seed Testing Service Market was Valued at US$ 750 Million In 2019 and it is Expected to Reach More than US$ XX Bn by 2028, Likely to Grow with the CAGR of 6.2% During the Forecast Period."
Organized seed research began more than a hundred years ago, with the initial goal of stifling unscrupulous seed trading practices. The first-ever seed research laboratory was set up in Germany in 1869 under the supervision of the renowned German botanist Frederick Nobbe. This specific establishment laid the foundation for the establishment of various other laboratories across multiple regions, thereby making seed testing a new standard of successful agricultural practice. While seed testing was undertaken as a research effort in the 19th century, in recent years it has developed into a major facilitator of seed trade, a key regulatory compliance instrument, and a leading quality assurance tool for the seed industry. Increased demand for seed testing services, due to its ability to ensure the quality and health of seeds to improve productivity, is driving market demand. In addition, technological advances in seed testing services, along with increasing applications for high-value crops, further fuel market growth. On the other hand, less awareness of seed testing services in underdeveloped economies could affect market growth.
Adoption rates of Purity and Moisture tests are likely to reach new heights in the coming years.
Purity and moisture tests are expected to hold a maximum share of XX% during the forecast period. As the global agricultural environment continues to embrace modernization in an effort to increase yields, the adoption of seed testing services with a view to improving productivity is expected to take an ever-increasing course. It is projected that the acceptance of purity tests would rise by leaps and bounds, followed by moisture tests. As the purity and moisture tests continue to be among the basic prerequisites for the seed testing sessions, the uptake of these two tests is likely to reach new heights in the coming years. Despite tighter and tougher legislation coming into force, end-users will have a greater degree of confidence in vigor tests to ensure that seeds are safe and of high quality.
Demand for On-Site services is expected to pick up pace through 2029
On-site services are expected to hold a maximum share of XX% during the forecast period. Demand for on-site services remains underpinned by an increasing need for comfort and reliability. In addition, this increase is further complemented by the growing availability of small, lightweight, portable testing equipment and the increasing number of on-site testing service providers. Core service providers operating in seed testing services are channeling their resources to provide tailored services to meet specific end-user needs. Mergers and acquisitions will continue to be the number one priority list of market players, as these alliances do have a major contribution to the inorganic growth of these businesses.
In order to meet this demand, market players strive to offer a wide range of testing services through accredited laboratories that are strategically positioned to multiple regions. Opportunities are imminent for market players during the forecast period, as seed producers (seed processors or seed refiners) expect to be at the forefront of the demand for seed testing services. Global seed certification is becoming mandatory for international and domestic trade, thus boosting the growth of the demand for seed testing services. Identifying the quality of seed is critical to growing crop production. Opportunities for market players of Seed Testing Service are inevitable during the forecast period.
Stakeholders Targeting Lucrative Market in the Asia Pacific.
The domination of developed regions in the global marketplace of seed testing services persists as a result of the pervasive presence of seed testing service providers in these regions. In addition, North America and Europe have also been established as two of the major export hubs for seeds, leading to the rapid build-up of seed testing services across these regions. Leading seed testing service providers operating in North America and Europe are also focused on operational expansion through fast-growing East Asian economies, with the goal of consolidating their role in the global marketplace.
Leading seed testing players are building their laboratory facilities in developing countries as a result of increasing demand for seed testing services. For example, companies such as SGS, Intertek Group, and BUREAU VERITAS are expanding agricultural services in regions such as the Asia Pacific and the Middle East and Africa. It is projected that the growth of prominent players worldwide would increase the demand for seed testing services.
Seed Testing Service Market Segmentation
Seed Testing Service Market By Test Type
- Moisture Test
- Vigour Test
- Germination Test
- Purity Test
Seed Testing Service Market By Service type
- Off-Site Services
- On-Site Services
Seed Testing Service Market By Seed type
- Cereal Seeds
- Other Cereals
- Vegetable Seeds
- Flower Seeds
Seed Testing Service Market By End User
- Seed Manufacturers
- Agriculture Consultants
- Research Bodies
Seed Testing Service Market By Region
- North America
- Asia Pacific
- Middle East and Africa
- Latin America