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Potatoes grown from seed are those whose genetic makeup is most close to that of their parent plant. True potato seeds are another name for seed potatoes (TPS). They are essentially botanical potato seeds that are used to develop crops in an unusual manner. Moreover, they are grown at a particular temperature. Small green fruits, more like berries grows on potato plants. These green berries have hundreds of tiny seeds, having the same resemblance as of a cherry tomato. These tiny red fruits are used to produce planting.
Huge rise in population across the world stimulated all kinds of food pertaining markets, including the market. Increase in awareness and concern towards one’s health after the coronavirus outbreak remains one of the crucial factors for the enhanced market growth. These seeds are expected to be gaining popularity amongst small scale farmers worldwide to improve crop yields. Other than this, new and advanced technologies such as hydroponic production, vitro production, TPS technologies, and others are expected to propel the market growth.
According to Business Research Insights, the market for seed potatoes was valued at USD 16,150 million in 2020 and is projected to reach a valuation of USD 17,500 million by 2076 with a CAGR of 0.8%. The market has leading players; HZPC, Agrico, Germicopa, EUROPLANT Pflanzenzucht, Solana, Danespo, C.Meijer, NORIKA, Interseed Potatoes and IPM Potato Group.
Stoppage in Agriculture Sector Reduced Market Growth
The COVID-19 pandemic had restricting and destructive impact on several global markets, seed potatoes market being one of them. The coronavirus outbreak compelled the market to shutdown and had all the related activities suspended, leading to the market deterioration. All the transportation practices had been put into a hold. Earlier stages of the lockdowns led to the disruption of supply chains but as the situations got worse in some regions, the market economy faced terrible consequences. In the late 2020, the market did experience rise in market sales, as the world healed from the COVID-19 aftereffects.
Business Research Insights States Top 5 Seed Potatoes Companies-
1. HZPC (Netherlands)
HZPC is a Dutch supplier, founded in 1898 and headquartered in Netherlands, of innovative potato varieties or potato seeds that are optimized for local growing conditions. HZPC has expanded to become the largest potato seeds supplier worldwide. They also confirm to share knowledge and effective service solutions. The export rates is anticipated to be stretched across 90 countries, with 400 employees across 19 countries.
2. Agrico (India)
The new joint between Agrico, Dutch company with Pune-based potato supply chain organization S.V. Agri, founding S.V. Agrico India Private Limited, which is a privately owned company, established in Pune, Maharashtra, India. It was incorporated on 24 Sep 2019, making it 2 years and 11 months old as of today. This joint was exclusively made to form a wide variety and high yielding potato cultivation. The company has been quite active since, also owning an authorized capital of Rs 15.00 lakh and a paid-up capital of Rs 15.00 lakh as per MCA. Agrico varieties of potato seeds are widely accepted across the world especially India.
3. Germicopa (France)
Germicopa is one of the leading creators of new range of seed potatoes. Germicopa joined the Florimond Desprez group in 2014, and since then have been working to develop a wide range of new potato seeds using advanced technologies. This company’s customers are ranged across 70 countries. The company has gained global prominence in producing world-class potato seeds, all because of the extensive production network of around 180 potato seed farmers whose experience along with germicopa’s strong technical background has enabled to produce 3,000 hectares of seed potato each year.
4. EUROPLANT Pflanzenzucht (Germany)
Another international company well-renowned for producing seed potatoes. This company is known to operate in more than 70 countries globally. EUROPLANT guarantees to provide a wide range of high yielding seed potato varieties with high natural resistance and tolerance against extreme conditions. They also assure to provide the best professional aid for individual situations in all sorts of practices, from selecting and cultivating of the varieties to harvesting, storing and marketing.
5. Solana (Canada)
Solana, another major seed potato, Canadian based company, is highly expected to take over the market owing to the development of high-quality seed potato varieties. Solana is anticipated to participate in exportation practices with more than 40 countries across the world. Solana has its own local staff or representatives in many of these countries. Having such a wide network globally, enables the company workers to extend their professional aid to as much people as they can. It has its own sales companies and joint ventures in countries like Poland, Denmark, the Netherlands, France, Turkey, the UK, Russia, Romania and Ukraine, for the production of seed potatoes and also to support buyers and customers there.
New Technology to Propel Industry’s Growth
The emergence of latest technologies and advanced gadgets have had huge impact on all the aspects of the market. As new technologies kept on getting introduced to the world, different markets are benefiting from it. It is used to produce even better products that helps the market to stay up to date with the demand of the masses. Furthermore, with the ever-growing population, there has been a tremendous increase in food as well as clothing items, leading to the increased consumption of potatoes. As a result, seed potatoes market spiraled upwards.