Global Potato Planter Market - 2023-2030

Global Potato Planter Market - 2023-2030

Global Potato Planter Market reached US$ 330.2 million in 2022 and is expected to reach US$ 483.06 million by 2030, growing with a CAGR of 4.8% during the forecast period 2023-2030.

The global potato planter market has witnessed significant growth and transformations over the years, farmers are adopting these potato planter machinery as they are designed to ensure precise and uniform spacing between potato seeds, which helps in producing better growth and yield. Also, they allow for faster and more efficient planting compared to manual methods. Hence, such factors can help in driving the global potato planter market.

Furthermore, the government also provides some schemes to help the farmers for adopting such machinery. For instance, the Dept. of Agriculture & Cooperation, Min. of Agriculture, Govt. of India provided a Rashtriya Krishi Vikas Yojana scheme in which a subsidiary of 15,000 INR is given for Below 20 BHP potato planters and 19,000 INR for 20 to 35 BHP potato planter for Small & Marginal Farmers, Women and NE States.

Automatic potato planters have a larger share in the global potato planter market, as well as European region shows faster growth in the market, as the demand for innovative technological advancements in agriculture is rising, this region, could help in increasing the global potato planter market.

Dynamics

Rising Demand For Technological Advancements in Agriculture

The demand for technological advancements is increasing among farmers which significantly helps in driving the potato planter market, as these technologically advanced potato planters offer various features such as precision planting, automation, and integration with other smart farming technologies. This can lead to increased yields and driving the market growth.

Furthermore, as the demand for advanced technologies is increasing, manufacturers are also launching innovative products to expand their portfolios. For instance, in September 2021, Mahindra company launched PlantingMaster Potato+, the new advanced Precision Potato Planting machine, , it is efficient and flexible, and suits Indian farming conditions. The progressive farmers who adopted the new machine, have reported a 20% increase in potato yield over traditional methods.

Rising Demand for Potato Production

The demand for potato production is rising, for instance, According to the FAO data, a total of 376 million tons of potatoes were produced worldwide, with China (94 million tons) and India (54 million tons) the largest potato-producing countries in 2021. Hence, such a high demand for potatoes can help in increasing the potato planter market.

Furthermore, as the demand for potato cultivation is increasing, farmers are increasingly embracing automatic potato planters due to their ability to minimize planting time, ensure precise and consistent spacing between potato seeds, and enhance overall plant productivity. Hence, such factors can help in increasing the market growth.

High Product Cost

The high product cost can significantly affect the growth of the global potato planter market, the potato planter might have high initial investments, installation expenses, and operational and maintenance costs, which could limit the market for smaller consumer bases. Hence, the high product cost can hamper the global potato planter market.

Segment Analysis

The global potato planter market is segmented based on type, operating speed, application, and region.

Increase in Demand for Automation in Agriculture

The automatic potato planter segment accounts for the largest share of the global potato planter market, as these automatic potato planters enable accurate and uniform seed planting, and help in reduction in planting time. Additionally, they contribute to heightened efficiency, productivity, and overall profitability for farmers.

Furthermore, as the demand for these automatic potato planters manufacturing companies are producing innovative products, for instance, Shaktiman – -Grimme company produces SGPP-205 automatic potato planter, this is a compact machine with a row width of 66 cm to 90 cm, it suits also small tractors and Indian farm sizes. it helps to achieve precise fertilizer placement specially designed for Indian farming conditions to achieve enhanced planting quality and higher potato yields.

Geographical Penetration

Technological Advancements

Europe has been the fastest-growing region in the global potato planter market and has significant growth, farmer in this region are highly adopting advanced technology such as potato planters as they offer precision planting methods in less time, and also help in increasing the productivity of crops, hence, it can help in driving the market in this region.

Furthermore, as the demand for potato planters is rising, the manufacturers in this region are focusing on developing innovative products, for instance, in November 2023, Dewulf a Europe-based global leader in potato machinery, launched a Certa 40 Integral. The machine is a four-row planter that mimics the concept of seed drills ‘piggybacking’ on power harrows; it is a 3,500kg bunker feeding four planting elements mounted above a horizontal cultivator. Hence, such products can help in increasing the market growth.

Competitive Landscape

The major global players in the market include Mahindra Tractors, AVR, GRIMME Landmaschinenfabrik GmbH & Co. KG, BASELIER, Standen Engineering Ltd, TEHNOS, Terrateck, Shaktiman – Grimme., Kuhn North America, Inc., and Sonalika.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the global potato planter market, as many manufacturing companies have shut down due to a shortage of labor and low import and export rates, also, many countries' governments have imposed lockdowns which have disrupted the supply chain of the products, hence, it shown a negative impact on global potato planter market.

Russia-Ukraine War Analysis

The war has brought a disruption in the country's economy, due to war the export and import rates from the global market have been disrupted, many manufacturing companies are shut due to economic loss and shortage of labor, and also the agricultural lands are polluted due to war, hence, it shows a negative impact on global potato planter market.

By Type
• Automatic Potato Planter
• Semi-Automatic Potato Planter
• High-Speed Automatic Potato Planter

By Operating Speed
• 25-35 HP
• 35-60 HP
• Above 60 HP

By Application
• Small-scale Agriculture
• Commercial Agriculture
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In May 2023, HZPC UK, a member of the Royal HZPC Group, acquired TLC Potatoes, one of Scotland’s leading minituber producers. With this acquisition, HZPC UK strengthens its position in the market securing the future of HZPC’s minituber production.
• In March 2023, Mahindra & Mahindra acquired MITRA Agro Equipments Pvt Ltd. The company's Farm Equipment Sector (FES) has increased its stake in MITRA Agro Equipments Pvt Ltd to 100 percent from the existing 47.33 percent. As part of the acquisition, Mahindra has fully bought out Omnivore's stake in the business.
• In December 2023, Linamar Corp., acquired Bourgault Industries Ltd. of St. Brieux, Saskatchewan, Canada, expanding its Industrial segment and adding seeding equipment to its existing range of agriculture equipment.

Why Purchase the Report?
• To visualize the global potato planter market segmentation based on type, operating speed, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of potato planter market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global potato planter market report would provide approximately 62 tables, 52 figures, and 180 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies