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According to a new market intelligence report of Future Market Insights (FMI), the seed testing market was valued at ~ US$ 725 Mn in 2018, and is poised to see ~5.6% YOY growth in 2019. 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. 

As the global agricultural scene continues to embrace modernization in an effort to gain enhanced yields, the adoption of seed testing services for the purpose of fostering productivity is poised to tread on an ever-increasing path. According to FMI’s analysis, the adoption of purity tests is estimated to grow by leaps and bounds, followed by moisture tests. As purity and moisture tests continue to be among the basic prerequisites in the seed testing sessions, the adoption rates of these two tests are likely to reach new heights in the coming years. With more stringent and tight regulations coming to the fore, end users will exhibit a greater degree of confidence on vigor tests for warranting seed health and quality.

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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 f

Nickel Acetate Market: Introduction

Nickel acetate is an exceptionally high purity, anti-caking salt which is used in all types of plating processes, and nickel acetate is specifically produced for use as an anodize sealer. Nickel acetate is produced to demanding specifications from attentively selected raw material, and it subjected to precise quality control testing. Because of these applications of nickel acetate, its demand in the market is growing exponentially. Nickel acetate is utilized in various applications which include coinage, ceramics glaze, aluminum surface treatments, and some others.

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Nickel acetate creates a corrosion resistant coating that protects a metal from rusting and oxidizing. It is a water soluble nickel source that deteriorates to nickel oxide after heating, and the metallic acetates is inorganic salts containing the acetate anion and a metal cation. The nickel acetate is excellent for the production of catalysts, nanoscale materials, and ultra-high purity compounds.

Global Nickel Acetate Market: Dynamics

Nickel acetate has many applications, such as it is used as a catalyst in alumite sealing material, also it is use in coinage application. Nickel acetate creates a corrosion resistant coating that protects a metal from rusting and oxidizing. Moreover technological enhancement, rising usage of nickel acetate in aluminum surface treatment are the major factor which is driving the growth of nickel acetate market.

However, owing to its hazardous effects on human health such as irritation and dermatitis, reduce the demand for nickel acetate and in turn will restrain the growth of the global nickel acetate market over the near future.

Some of the prominent manufacturers of nickel acetate are found to be involved in the activities such as mass production and introduction of new manufacturing plants across the developing regions.

Global Nickel Acetate Market: Regional Outlook

Considering regions, the global nickel acetate market is anticipated to be led by the Asia-Pacific region and is expected to continue its dominance over the forecast years. In the Asia-Pacific region, China is expected to lead the nickel acetate market in terms of both productions as well as consumption. North America expected to gain substantial market share in terms of revenue in the coming period. Europe region is anticipated to be followed by North America in the global nickel acetate market and is anticipated to follow the same trend over the forecasted period. Latin America is anticipated to witness stagnant growth in nickel acetate market in the coming years. Middle East & Africa accounts for a comparatively small share in the market, however the demand for nickel acetate expected to grow at a significant pace over the near future.

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Global Nickel Acetate Market: Market Participants

Some of the key players involved in the global nickel acetate market include Eastmen Chemicals, Noah Technologies Corporation, Fairsky industrial co. Ltd., Hangzhou Yuhao Chemical Technology Co. Ltd., Zhangjiagang Huayi Chemical Co. Ltd., Palm international Inc., Accela ChemBio Inc., Axiom Chemicals Pvt. Ltd., Vesino industrial co. Ltd., Univertical, Forbes pharmaceuticals, Hunter Chemical LLC, ProChem Inc, Jilin Jien Nickel Ind