According to Future Market Insights (FMI), the seed testing market was valued at approximately USD 725 million in 2018 and is anticipated to grow at a year-over-year rate of about 5.6% in 2019. A key driver in the agricultural testing services market is the heightened focus on crop quality, which fuels the demand for seed and fertilizer quality inspection and testing—set to support market expansion through 2028.
FMI’s report indicates that increasing regulations for seed testing certifications, essential for facilitating international trade, are creating significant growth opportunities for service providers in the seed testing industry. These certifications not only enhance the legitimacy of imports and exports but also ensure compliance with current labeling and traceability standards.
As agricultural practices continue to modernize to boost yields, the adoption of seed testing services is expected to rise, with purity and moisture tests seeing particularly strong growth. These basic tests are essential to seed quality assurance, and with increasingly stringent regulations, end users are placing greater trust in vigor tests to verify seed health and quality.
While off-site services remain popular, FMI’s findings suggest that demand for on-site testing will increase through 2028, driven by the need for greater convenience and dependability. This shift is supported by advancements in portable testing equipment and the expansion of on-site service providers, further bolstering the market for seed testing services.
Seed Processors at the Forefront of Demand for Seed Testing Services
Opportunities are imminent for the market players during the forecast period, as seed manufacturers (seed processors or seed refiners) continue to be at the forefront of demand for seed testing services. In order to align with this demand, market players vie to offer a wide range of testing services through accredited laboratories that are strategically positioned in multiple regions.
According to the FMI analysis, North America and Europe are estimated to emerge as the two hub spots of opportunities for the key stakeholders of the seed testing services market. However, the East Asia region is emerging as a bright spot for the market players to target at, with countries such as China and Japan being the front liners. In order to capture value across the fast-growing economies of East Asia, companies active in the seed testing services are gaining a granular understanding of varying trends with respect to segments, channels, and product lines. Skyrocketing focus on trading of field crops/seeds is further likely to provide the much-needed impetus to these regional markets, thereby offering new opportunity streams for market players to leverage.
According to the FMI analysis, key service providers operating in seed testing services are channelizing their efforts toward offering tailor-made services to serve specific end user needs. Mergers and acquisitions will continue to top the priority list of market players, as these alliances do have a major contribution to inorganic growth of these companies.
Key Segment
By Test Type
- Purity Test
- Moisture Test
- Vigour Test
- Germination Test
- Others
By Service Type
- Off-Site Services
- On-Site Services
By Seed Type
- Cereal Seeds
- Maize
- Soybean
- Rice
- Wheat
- Other Cereals
- Vegetable Seeds
- Flower Seeds
End User
- Seed Manufacturers
- Farmers
- Agriculture Consultants
- Research Bodies
- Others (distributors, etc.)
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/seed-testing-services-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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