Global Seed Potato Market – Forecasts to 2026 By Product Type (Conventional Seed Potatoes, Micro Propagation Seed Potatoes), By Application (Factory Planting, Farmer Planting, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Global Seed Potato Market-Insights
The global seed potato market is estimated to witness a significant CAGR during the forecast period (2020-2026). Growing consumption of potatoes across the globe is driving the market growth. The growing prevalence of the potato seed market is driven by the optimized productivity of the product due to the plentiful supply of quality potato seeds across regions. The adequate availability of seeds and proficient usage of commercially traded high certified quality seeds boosts the export of the potato seeds which substantially affects the growth of the market. The limited adoption of rapid multiplication technologies, poor management of seed made by the smallholder, lack of awareness among the workers are likely to hamper the market growth during the forecast period.
Global Seed Potato Market: By type
Global seed potato market is segmented into conventional seed potatoes and micro propagation seed potatoes on the basis of type. Conventional method incorporates the utilization of potatoes that are propagated by harvesting and replanting the tubers in the field. Micro tubers are the first generation of potato seeds from tissue culture which mainly emphasizes to solve the problem of transplanting the plantlets from in vitro to in vivo conditions. The segmentation is expected to share 50% in the seed market due to acceptance of GM crop across the diversified region.
Global Seed Potato Market: By application
On the basis of application, global seed potato market is segmented into factory planting and farmer planting and others. Factory planting segment is expected to grow at a high CAGR during the forecast period. Growing demand from food & beverage companies along with growing consumption of potato based chips among end-users are driving the market for factory planting segment. Farmer planting is the practice for accumulating land or raising the stock to extend the production.
Global Seed Potato Market: By Region
North America and Europe are expected to grow by a significant market share during the forecast period. The U.S is projected to dominate the market due to cutting edge technology and innovation. Asia-Pacific is expected to grow at a high CAGR during the forecast period. Decentralized production of quality seed for farmers is the new strategy made by the investors, which is driving the market growth in the region. The adoption of new technologies such as plantlets, minitubers, and aeroponics among others by farmers in the region is also driving the market for seed potatoes in the region.
Global Seed Potato Market- competitor analysis
Some of the major companies operating in the global seed potato market include: Potatoes, Xisen Potato Industry Group, BASF, A. De Nijs & Zn. B.V., Syngenta, Vfarm, and Albert Bartlett and Sons among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Seed Potatoes Market: By Product Type
Seed Potatoes Market: By Application
Seed Potatoes Market: By Region
The global Seed Potatoes Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Seed Potatoes Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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