Seed Testing Services- Marking a New Era of ‘Agro-Reliability’
Maximization of agricultural productivity calls for extensive quality inspection of agricultural products, such as fertilizers and seeds. Agriculture testing services are being set in motion by tight regulatory norms put in place to ensure optimal agricultural yields. As food quality and safety used to, and will continue to govern operational paradigms in the agriculture industry, it remains undeniable that end users, such as seed manufacturers, farmers, and agricultural consultants, will continue to resort to agricultural testing services over the years to come.
Among all other types of agricultural testing, such as water, soil, and agricultural equipment testing, process of attesting seed quality, widely known as seed testing, has been gaining massive popularity. Mandates on attaining seed certifications for seed exports and imports is another key factor pushing the adoption of seed testing services. Massive investments in agri-related ventures are foreshadowing new opportunities for seed testing service providers in 2019 and beyond, given that ‘tested’ and ‘certified’ are emerging as the new synonyms of ‘quality’.
Seed Testing Services Market - Key Research Findings
- The global seed testing services market size in 2018 was ~US$ 725 Mn.
- The seed testing services market is estimated to grow at a CAGR of ~6% during the forecast period 2018-2028.
- Stringent international regulations for seed trading are driving the sales of seed testing services.
- Collectively, North America and Europe are expected to account for about 45% of the revenue shares in the seed testing services industry by the end of 2028.
- North America, owing to the strong presence of seed testing service providers, is expected to continue to be a prominent regional market for seed testing services.
- Seed manufacturers and agriculture consultant are expected to remain prominent consumers for seed testing services market players.
- The agriculture industry has witnessed significant growth over the past few years. Leading market players are focusing on acquisitions and strengthening their research & development sectors.
- Seed testing service providers are expanding their services in developing countries due to increasing crop production.
Key Factors Shaping the Seed Testing Services Market
International Seed Certifications
International seed certifications are becoming mandatory for international and domestic trading, and thus, boosting the growth of the seed testing services market. Identification of seed quality is crucial for increasing crop production. Seed certification provides information about overall seed health and biological conditions. For instance, Orange certification for seed followed by the rules of International Seed Testing Association (ISTA), majorly require for international seed trading.
Moreover, companies are providing seed testing certification in Canada and USA, according to the rules of Association of American Seed Control Officials (AASCO). Furthermore, the blue certification, ISO certification, Natural Organic Certification Agro (NOCA) for organic crops, etc. are also provided by leading players. These certifications are provided after performing various seed tests.
Leading Players Expanding in Untapped Regions
Leading seed testing players are establishing their laboratory facilities in developing countries because of increasing demand for seed testing services. For instance, companies such as SGS, Intertek Group, and BUREAU VERITAS are expanding agricultural services in regions such as Asia Pacific and Middle East and Africa. The expansion of prominent players across the globe is estimated to increase the demand for seed testing services.
Advanced Techniques for Increased Crop Production
Developing techniques to maximize crop’s yield is creating the demand for testing services that provide significant information about quality of agriculture products. This factor is projected for boosting the growth of the seed testing services market. Also, high demand for maximizing crop production with cost savings has been directing the focus of growers towards seed testing services that give significant information about seed health. The sales of seed testing services are expected to increase in the near future because of increasing adoption of agricultural services across the globe.
Seed Testing Services Market Structure Analysis
- The global seed testing services market represents a fairly consolidated competition landscape, where majority of the key players maintain their strategic focus on seed certification schemes.
- The seed testing services market has been relatively moderate in size, which remains a key factor for its dynamic and competitive nature.
- Leading players of seed testing services are currently acquiring agricultural service companies to expand their testing services portfolio. Moreover, leading players are strengthening their R&D facilities through acquisitions and partnerships.
- Introduction of individual test manuals for various seeds by international seed testing associations has been identified as one of the key developments in seed testing services.
- For a stronger foothold in target markets, service providers of seed testing services will continue to rely on inorganic strategies such as mergers and acquisitions.
- Deeper understanding of market trends and preferential shifts of end-use segments across various regions are expected to create a bottleneck for prominent players who are looking forward to capitalising on the untapped opportunities in the seed testing services market.
Seed Testing Services Market- Charting the Evolution
Practice of organized seed testing started more than a hundred years ago, with an initial objective of staving off the unscrupulous ways of seed trading. The first ever laboratory for carrying out the process of seed testing was set up in Germany in 1869, under the supervision of the renowned German botanist Frederick Nobbe. This particular establishment laid the foundation of set-up of various other laboratories across multiple regions, thereby making seed testing as a new norm of effectual agricultural practices.
Though seed testing was pursued as a research endeavor in the 19th century, yet in the recent years it has evolved to be a significant facilitator of seed trade, a crucial instrument of regulatory enforcement, and a chief quality assurance tool for seed industry. However, service providers active in this market will have to make sure that their seed testing services are keeping up well with the technological advancements in agricultural operations, which, in turn, would help them gain competitive advantages over their rivalry.
Stakeholders Targeting Lucrative Economies in Asia Pacific
The hegemony of developed regions in the global seed testing services market space continues, as a consequence of the widespread presence of seed testing service providers in these regions. Moreover, North America and Europe have also been emplaced as two of the major seed export hubs, which contributes to the parallel build-up of seed testing services across these regions. Leading seed testing service providers active in North America and Europe are also focusing on operational expansion across fast-growing economies of East Asia, with an objective of consolidating their position in the global market space.
The Broader Perspective
The seed testing market space reflects a moderate degree of consolidation, wherein the leading companies continue to maintain strategic focus on offering exclusive seed certification schemes. Key service vendors in the seed testing services market are focusing on bringing beneficial services to end user’s table, which is acting as a key aspect upholding their growth in this turbulent market space.
Leading service providers are equipping their clientele with enhanced access to highly experienced as well as qualified workforce, who safeguard customer satisfaction with reliable, consistent, and independent services, yet with extensive focus on business ethics and compliance. Key players are also drawing upon the increasing demand for hassle-free agriculture testing services by offering real-time, accurate, and reliable results with faster turnaround time (TAT).
Purity test sees high adoption
Demand for vigor test increases
Off-site services see exponential adoption
Demand for on-site services escalates
Seed manufacturers take the lead
Farmers sustain high demand
How Growth will Unfold
Market players’ focus on tailor-made services is likely to get stronger during the forecast period, as end users remain inclined toward personalized services to reap substantial benefits. Sensing latent opportunities brewing across developing economies of East Asia, market partakers are centering on strategic expansion in China and Japan via establishment of a bunch of exclusive laboratories.
Leading players in the seed testing services will continue to benefit from their extensive networks worldwide with multiple points of service. In addition, leading players are also pursuing green initiatives via introduction of paperless laboratories, which further served as an ‘add-on’ to their existing brand values. Service providers are also placing their bets on mergers and acquisitions that would further help them gain advantages from combined expertise as well as shared resource pools.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Seed Testing Services Market Forecast, 2018-2028
A recent market study published by FMI on the seed testing services market includes a global industry analysis 2013-2017 & opportunity assessment 2018-2028, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the seed testing services market, the growth prospects of the market are obtained with maximum precision.
Seed Testing Services Market Taxonomy
The global seed testing services market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
By Test Type
- Purity Test
- Moisture Test
- Vigour Test
- Germination Test
By Service Type
- Off-Site Services
- On-Site Services
By Seed Type
- Cereal Seeds
- Other Cereals
- Vegetable Seeds
- Flower Seeds
- Seed Manufacturers
- Agriculture Consultants
- Research Bodies
- Others (distributors, etc.)
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa
The report starts with the executive summary of the seed testing services market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the seed testing services market.
Readers can find the definition and a detailed taxonomy of the seed testing services market in this chapter, which will help them understand the basic information about the seed testing services market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the seed testing services market report.
The seed testing services market report provides key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are also provided in this section.
This section includes the factors that have emerged as key successful factors and the strategies adopted by key market participants.
This section explains the global market value analysis and forecast for the seed testing services market in the forecast period 2018-2028. This chapter includes a detailed analysis of the historical seed testing services market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year, and an incremental $ opportunity for the forecast period (2018–2028). Along with this, pricing analysis of the seed testing services market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the seed testing services market between the forecast periods 2018-2028.
This chapter explains key macro-economic factors that are expected to influence the growth of the seed testing services market over the forecast period. Along with macroeconomic factors, this section also highlights the value chain, forecast factors, agriculture industry outlook, and testing services outlook for the seed testing services market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the section.
Based on the test type, the seed testing services market is segmented into purity test, moisture test, vigour test, germination test, and others. In this chapter, readers can find information about the key trends and developments in the seed testing services market and market attractiveness analysis based on the test type.
This chapter provides details about the seed testing services market based on the service type, and has been classified into off-site services and on-site services. In this chapter, readers can understand the market attractive analysis based on the service type.
Based on consumer orientation, the seed testing services market is segmented into cereal seeds, vegetable seeds, and flower seeds. Further, the cereals seeds segment is sub-segmented into maize, soybean, rice, wheat, and other cereals. In this chapter, readers can find information about the key trends and developments in the seed testing services market and market attractiveness analysis based on the seed type.
This chapter provides details about the seed testing services market based on the end user, and has been classified into seed manufacturers, farmers, agriculture consultants, research bodies, and others (distributors, etc.). In this chapter, readers can understand the market attractive analysis based on the end user.
This chapter explains how the seed testing services market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America seed testing services market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on the test type and countries in North America.
This chapter provides the growth scenario of the seed testing services market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, the assessment of the market across target segments has been provided.
Important growth prospects of the seed testing services market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, BENELUX, and the Rest of Europe, are included in this chapter.
In this chapter, India, Malaysia, Thailand, Indonesia, and Rest of South Asia are the prime subjects of assessment to obtain the growth prospects of the South Asia seed testing services market. Readers can find detailed information about the growth parameters of the South Asia seed testing services market during the forecast period of 2018-2028.
This chapter highlights the growth of the seed testing services market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the seed testing services market in East Asia.
This chapter highlights the growth of the seed testing services market in Oceania by focusing on Australia and New Zealand. This section also help readers understand the key factors that are responsible for the growth of the seed testing services market in Oceania.
This chapter provides information about how the seed testing services market will grow in major countries in the MEA region such as Northern Africa, GCC Countries, South Africa, Turkey, and the Rest of MEA, during the forecast period of 2018-2028.
This section highlights the growth prospects of the seed testing services market for emerging markets such as China, India, and Mexico.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the seed testing services market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the seed testing services market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are SGS SA, BEREAU VERITAS, Intertek Group plc, and Eurofins Scientific, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the seed testing services market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the seed testing services market.
How the research was conducted?
- Key Opinion Leaders
- Chief Executive Officer
- Vice President
- Sales Head
- Service Manager
- Marketing Head
- Deputy Manager -Marketing & Communications
- Marketing Manager
- Sales Manager
- Service Providers
- Customer Service Representative
- Laboratory Chemist
- Current market dynamics and challenges
- Seed Certification Requirements for International and Domestic Trading
- Yesteryear trends
- Market characteristics
- Competition structure and market structure
- Strategic growth initiatives
- Market segment splits and authenticity
- Near-term and long-term market growth prospects
- Opinions on market projections and validity of assumptions
- International Seed Testing Association
- Association of Official Seed Analysts (AOSA)
- Trade Websites
- Food and Agriculture Organization of the United Nations
- International Association for Food Protection
- United States Department of Agriculture
- Organization for Economic Co-operation and Development (OECD)
- European Crop Protection Association
- Indian Agricultural Association
- Food Safety and Standards Authority of India
Primary Interview Splits