The seed testing market was valued at ~ US$ 725 Mn , and is poised to see ~5.6% YOY growth. Among the several megatrends driving the next wave of growth in agricultural testing services market, increasing focus on ‘crop quality’ continues to be a prominent one.
The quest for quality necessitates emphasis on quality inspection and testing of agricultural products, including seeds and fertilizers, propelling growth of seed testing services market through 2028.
According to the report, mandates for seed testing certifications to facilitate the international trade continue to call for sessions of comprehensive seed analysis, thereby creating a plethora of opportunities for the seed testing service providers.
Key players operating in the seed testing services landscape will continue to raise the bar by providing credible certifications to end users, which will not only play a major role in green-lighting imports and exports but also ensure conformity to the latest labelling and traceability requirements.
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While off-site services continue to be well-received among the end users, demand for on-site services is estimated to pick pace through 2028.
The demand for on-site services remains underpinned by increasing need for convenience and reliability, suggest FMI’s findings. In addition, growing availability of compact, lightweight, portable testing equipment, along with an increasing count of on-site testing service providers, is further complementing this growth.
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.
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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
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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