Seed Potatoes Market Growth: Factors Driving Industry Success
Seed Potatoes Market size is estimated to be USD4.5bn in 2024 and is expected to reach USD6.2bn by 2033 at a CAGR of 4.2% from 2026 to 2033.
“This growth is attributed to the rising demand for high-quality seed potatoes, which play a crucial role in enhancing potato crop yields. The increasing consumption of processed potato products and the rising global demand for food security are key drivers of the Seed Potatoes Market growth. As agricultural practices evolve and technological advancements in farming take place, the need for high-quality seed potatoes is anticipated to further drive market expansion,” a recent Verified Markets Reports release reveals.
The company’s experts say that the market’s expansion is further supported by the growing emphasis on sustainable farming practices, which encourage the use of disease-free, certified seed potatoes for better yields.
The Seed Potatoes Market is expected to witness a robust growth trajectory due to increased adoption of advanced farming techniques, such as precision farming, and a rise in the demand for potatoes as a staple food crop. With the increasing focus on high-quality, high-yield seed potatoes, the market is poised for substantial growth in the coming years. Furthermore, innovations in seed potato breeding and improved pest-resistant varieties are expected to drive future market trends. Additionally, the increasing trend of sustainable farming and the growing awareness about the importance of certified seed potatoes in enhancing crop productivity will contribute to the positive outlook of the Seed Potatoes Market.
The market is projected to see significant growth opportunities in both developed and emerging economies as agricultural practices modernize, ensuring a steady rise in demand for seed potatoes.
By the year 2030, the scale for growth in the market research industry is reported to be above 120bn which further indicates its projected compound annual growth rate (CAGR) of more than 5.8% from 2023 to 2030.
“There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence, and data analytics There is predictive analysis and real-time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector,” the company’s representatives concluded.
