The global Grain
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.
This market intelligence report
includes a comprehensive evaluation of the market, discussing the value,
volume, size, share, growth rate, key trends, demand & supply ratio, gross
revenue, competitive landscape, regional analysis, manufacturers, product
types, and end-user applications to give a 360° overview of the global Grain Silos
and Storage industry. The study provides key
information pertaining to the different elements that are propelling or
restraining the growth of the sector. It draws accurate forecasts to estimate
the prospective growth of the overall business.
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Key Players:
AGCO
Corporation (US), 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)
are the key market players.
Further key findings:
- Based on silo types, the grain bins
occupied the largest share of the grain silos and storage system market
and is predicted to observe the highest CAGR during the foreseen period.
The grain bins are huge containers mainly used to store corn and
soybeans.
- 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.
- 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 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.
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Market
Segmentation:
Based on silo
type: (Revenue, USD Billion, 2021 - 2028)
- Grains bins
- Hopper silos
- Flat bottom silos
- Other silo types Bags
- Synthetic silos
- Bunkers
- Towers
Based commodity
type: (Revenue, USD Billion, 2021 - 2028)
- Sunflower
- Rice
- Wheat
- Maize
- Soybean
Other commodity
types: (Revenue, USD Billion, 2021 - 2028)
- Sorghum
- Barley
Based on region:
(Revenue, USD Billion, 2021 - 2028)
- North America
- Europe
- Asia Pacific
- South America
- Rest of World (RoW)
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Identifying the basic business
drivers, challenges, and tactics adopted:
·
The report
provides intrinsic details and fluctuating aspects that influence the
commercial dynamics of the Grain Silos and Storage System market along with
integral factors of the rise in the demand for the product have been mapped
across vital geographical regions.
·
An overview of
the multifarious applications, business areas and the latest trends observed in
the industry has been laid out by this study.
·
Various
challenges overlooking the business and the numerous strategies employed by the
industry players for successful marketing of the product have also been
illustrated.
·
The research
inspects the sales channels (indirect, direct, marketing) that companies have
chosen for the primary product distributors and the superior clientele of the
market.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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