Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 986.77 Million | USD 1714.42 Million | 6.33% | 2023 |
According to the report published by Zion Market Research, the global Seed Testing Services Market size was valued at USD 986.77 Million in 2023 and is predicted to reach USD 1714.42 Million by the end of 2032. The market is expected to grow with a CAGR of 6.33% during the forecast period. The report analyzes the global Seed Testing Services Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Seed Testing Services industry.
Seed testing is a method to evaluate the quality and standards of the seeds that includes moisture, ODV, germination, and purity, which allows the community of the farmers to receive seeds of good quality. To obtain vital information about the planting value of seed lots, seed testing services are required. The main objective of the seed testing services is to offer information regarding seed quality to the seed industry, the producer, and the consumer. Seed testing plays a vital role as the economic yield of the crop usually depends on the quality of the seeds.
An increase in crop production, growing agriculture sector at a rapid pace, and rise in demand for the seed testing services by the producer to improve the productivity are the major factors that are augmenting the growth of the global seed testing services market. Additionally, the seed testing services offer a wide range of services at one-stop. The service providers cover all steps such as a survey, testing, sampling, monitoring, and verification. They also provide high capacity field stations, cutting-edge technologies, and well-equipped laboratory facilities. The services with expanding capacities are also been provided by the seed testing services which include germination, seed moisture content, vigor, tetrazolium, health, purity, and many more. In addition to this, seed certification is mandatory for the import and export of seeds.
Thus, owing to all these advantageous factors at one-stop services, the demand for seed testing services is on the rise thereby contributing to the growth of the market. Moreover, stringent regulations imposed by the government over the quality of seeds to be provided to the farmers, huge investments in agriculture-related ventures, and an increase in quality inspection of seed are also some of the factors that are spurring the growth of the global market. Furthermore, advancements in the technologies for seed testing may lead to ample opportunities for the growth of the global seed testing services market during the forecast period. However, the lack of awareness of seed testing in developing countries may hamper the growth of the global seed testing services market.
The farm sector across the world is been severely hit by the coronavirus pandemic. The functioning of the seed industry and their ancillary plants being adversely affected due to the lockdown imposed by the government to control the spread of the disease. The coronavirus has affected several countries like the USA, the UK, China, Germany, France, India, Italy, and many other major countries that are involved in the production of seeds. Thus, the export and import of seeds are likely to be hampered resulting in a huge gap between supply and demand of the seeds. Additionally, restrictions on transport and movement have adversely affected the distribution, production, cost, and certification of seeds. Thus, the outbreak of the Covid-19 has slowed down the growth of the global seed testing services market.
The global seed testing services market is categorized by seed type, test, end-user, and region.
Based on the seed type, the global seed testing services market is classified into flower seeds, vegetable seeds, and cereal seeds.
The test segment is divided into a moisture test, germination test, purity test, vigor test, and others.
Based on the end-user, the global market is bifurcated into farmers, research bodies, seed manufacturers, agriculture consultants, and others.
Report Attributes | Report Details |
---|---|
Report Name | Seed Testing Services Market |
Market Size in 2023 | USD 986.77 Million |
Market Forecast in 2032 | USD 1714.42 Million |
Growth Rate | CAGR of 6.33% |
Number of Pages | 198 |
Key Companies Covered | SGS S.A, Intertek Group Eurofins Scientific, AsureQuality, Bureau Veritas, Agrifood Technology, TUV Nord Group, RJ Hill Laboratories, Apal Agricultural Laboratory, Merieux, SCS Global, and ALS Limited |
Segments Covered | By seed type, By test, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to dominate the global seed testing services market. Factors such as the developed agriculture sector in the region and government initiatives to provide high-quality agriculture seed to the farmers have spurred the demand for the seed testing services market in this region. Europe's agriculture sector is also well developed and farmers around the region are well aware of the importance of the quality of the seeds to produce crops that can increase the profit. On the other side, Asia Pacific region is anticipated to register the highest growth over the forecast period. Factors such as large agriculture area, growing adoption of profitable agricultural seeds, and increasing government initiatives to strengthen the agriculture sector is expected to boost the seed testing services market in this region over the forecast period.
The key players operating in the global seed testing services market include:
The Global Seed Testing Services Market is segmented as follows:
By seed type
By test
By end-user
FrequentlyAsked Questions
An increase in crop production, growing agriculture sector at a rapid pace, and rise in demand for the seed testing services by the producer to improve the productivity are the major factors that are augmenting the growth of the global seed testing services market. Furthermore, advancements in the technologies for seed testing may lead to ample opportunities for the growth of the global seed testing services market during the forecast period.
The key players operating in the global seed testing services market include SGS S.A, Intertek Group Eurofins Scientific, AsureQuality, Bureau Veritas, Agrifood Technology, TUV Nord Group, RJ Hill Laboratories, Apal Agricultural Laboratory, Merieux, SCS Global, and ALS Limited.
North America is expected to dominate the global seed testing services market. Factors such as the developed agriculture sector in the region and government initiatives to provide high-quality agriculture seed to the farmers have spurred the demand for the seed testing services market in this region.
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