The global silos and storage market is predicted to expand from USD 1.30 billion in 2020 to USD 1.85 billion by 2028, registering a CAGR of 5.1% during the projection time. The growing production of high-quality food grains through post-harvest management and efficient storage systems is approximated to increase the market for grain silos and storage systems.
Silos are specially designed containers used for storing products in bulk for long durations. The silos are widely used in industrial and agricultural applications. A well-maintained, air-tight silo with optimum temperature and other conditions is expected to remain unharmed for many years.
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The demand for grain silos is augmenting due to the increasing requirement for storing food grains for a more extended period. Several farmers from the developed countries are investing in the market to install silos systems for storing grains. Factors such as cost-effectiveness, high durability, and low requirement of the workforce are driving the market demand for grain silos and storage systems.
The surging rate of food wastage and post-harvest losses is attributing to the market growth of grain silos and storage systems.
These silos are preferred over warehouses as they offer better storage, require better ground space, and low assembling costs. The optimum conditions protect the seeds and grains from external weather conditions and pests and rodents.
The technological advances in agriculture and the high requirement of quality storage are expected to boost the market for grain silos and storage systems. Moreover, leading market players are investing in the RD of products and are coming up with strategies for the merger, collaborations to retain their market footprint.
The coronavirus pandemic has adversely hampered the global demand for grain silos and storage system market. Due to lack of labor and disruptions in the supply chain, many plants were closed during the initial lockdown days.
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Further key findings:
- North America attributed to the largest market share in 2020 and is expected to dominate the market during the projection period owing to the rising awareness of precision agriculture. Moreover, the involvement of market players for developed grain silos in North America is evaluated to increase the market growth.
- The flat bottom silos segment is expected to observe considerable growth during the projection period. These bottom silos are cheaper in cost and easy setup processes for long-term storage.
- The Asia Pacific region market occupied a significant market revenue in 2020 and is presumed to increase at the highest CAGR during the predicted timeframe. The growing occurrences of post-harvest losses, either due to environmental factors or due to pests and rodents, are aggregating the growth of the grain silos and storage systems.
Silos Córdoba (Spain), PRADO SILOS (Spain), Symaga (Spain), SIMEZA (Spain), Bentall Rowlands Silo Storage Ltd (UK), Dehºetiler Makina (Turkey), Mysilo (Turkey), Brock Grain Systems (US), Sukup Manufacturing Co. (US), Sioux Steel Company (US), MICHA£ (Poland), AGI (Canada), Privé SA (France), Behlen Mfg. Co. (US), SCAFCO Grain Systems Co. (US), Superior Grain Equipment (US), and Hoffmann, Inc. (US), and MULMIX SpA Unipersonale (Italy) AGCO Corporation (US), are the key market players.
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For this study, Reports and Data has segmented the grain silos and storage market based on commodity type, Silo Type, Form, and Region:
Based commodity type: (Revenue, USD Billion, 2021 - 2028)
Other commodity types: (Revenue, USD Billion, 2021 - 2028)
Based on silo type: (Revenue, USD Billion, 2021 - 2028)
- Grains bins
- Hopper silos
- Flat bottom silos
- Other silo types Bags
- Synthetic silos
Based on region: (Revenue, USD Billion, 2021 - 2028)
- North America
- Asia Pacific
- South America
- Rest of World (RoW)
Table of contents:
Chapter 1. Methodology and Scope
1.1. Market Segmentation Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation Data Visualization
1.6. Data Validation Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Drip Irrigation Market Variables, Trends Scope
3.1. Market Introduction
3.2. Penetration Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis
188.8.131.52. Supplier Power
184.108.40.206. Buyer Power
220.127.116.11. Substitution Threat
18.104.22.168. Threat from New Entrant
22.214.171.124. Competitive Rivalry
3.6. Roadmap of Grain Silos and Storage Systems Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19 the Grain Silos and Storage Systems Market
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations Recommendations
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