South Korea Seed Potatoes Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The South Korea Seed Potatoes Market plays a crucial role in the nation's agricultural industry, supporting the demand for high-quality potatoes for both consumption and further cultivation. With the growing need for seed potatoes, industries across South Korea rely heavily on both domestic production and imports to meet their requirements. The market is characterized by the demand for specific varieties that offer superior yields, disease resistance, and adaptability to South Korea’s diverse climate conditions.
In recent years, the agricultural sector in South Korea has seen a shift toward more specialized and sustainable farming practices, with a focus on improving crop yields and quality. The seed potatoes market has been impacted by this change, as industries look for varieties that can thrive in specific environments. This demand has led to increased interest in both traditional and hybrid seed potato varieties, catering to different regional needs across the country.
The requirements for seed potatoes from industries are varied and often depend on the intended use of the potatoes. For instance, some industries focus on potatoes for processing, such as for making chips or fries, while others prioritize potatoes for fresh consumption. This difference in demand drives the need for seed potatoes with specific traits, such as uniform size, texture, and storage ability. Furthermore, there is a growing preference for seed potatoes that are resistant to common diseases and pests, ensuring a healthy harvest year after year.
Industries involved in the seed potatoes market are also increasingly turning to international sources to meet demand, as domestic production may not always be sufficient. While South Korea has a strong tradition of potato farming, the limited availability of high-quality seed potatoes in some regions has led to imports from countries with advanced agricultural techniques. This has resulted in a more competitive market where seed potatoes from countries such as the Netherlands, the United States, and Canada are in high demand.
The South Korea Seed Potatoes Market is also influenced by technological advancements in farming. Modern farming techniques, including precision agriculture and the use of advanced irrigation systems, have enabled farmers to optimize the growth of seed potatoes. This has further increased the demand for high-quality, genetically optimized seed potatoes that can perform well under varying environmental conditions, ensuring higher returns for growers and businesses alike.
As the demand for high-quality potatoes continues to rise, industries in South Korea will continue to require access to the best seed potatoes. This market will likely see further growth as both local and international seed potato suppliers innovate to meet the evolving needs of South Korean agriculture.
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HZPC
Agrico
Germicopa
EUROPLANT Pflanzenzucht
Solana
Danespo
C. Meijer
NORIKA
Interseed Potatoes
IPM
Bhatti Agritech
Valley Tissue Culture
Alex McDonald
Murphy
Xisen Potato Industry Group
SnowValley Agricultural Group
Hohhot Huaou Starch
Beidahuang Potato Group
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion 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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Seed Potatoes Market
Certifiable Seed Potatoes
Commercial Seed Potatoes
Seed Potatoes for Organic Farming
Layed Seed Potatoes
Small Seed Potatoes (less than 28 mm)
Medium Seed Potatoes (28 mm to 50 mm)
Large Seed Potatoes (greater than 50 mm)
Russet Potatoes
Round White Potatoes
Red Potatoes
Purple Potatoes
Fingerling Potatoes
Field Grown Seed Potatoes
Hydroponic Seed Potatoes
Micropropagated Seed Potatoes
Commercial Farming
Home Gardening and Landscaping
Research and Development (Agricultural Research Institutes)
Seed Potato Retailers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Seed Potatoes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Seed Potatoes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Seed Potatoes Market, By Type
6. South Korea Seed Potatoes Market, By Application
7. South Korea Seed Potatoes Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Seed Potatoes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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