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. 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.
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.
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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 R&D 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.
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.
For this study, Reports and Data has segmented the grain silos and storage market based on commodity type, Silo Type, Form, and Region:
Based on silo type: (Revenue, USD Billion, 2021 – 2028)
Based commodity type: (Revenue, USD Billion, 2021 – 2028)
Based on region: (Revenue, USD Billion, 2021 – 2028)
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Further key findings:
Key insights presented in the report:
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Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insight
Chapter 3. Drip Irrigation Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences …..
Chapter 9. Company Profiles
9.1. AGCO Corporation (US)
11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Product Benchmarking 11.1.4. Strategic Initiatives
9.2. Symaga (Spain)
9.3. Superior Grain Equipment (US)
9.4. MULMIX SpA Unipersonale (Italy)
9.5. Grain Systems Co. (US)
Continued…
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