Factors such as cost-effectiveness, high durability, and low workforce requirements are driving the market demand for grain silos and storage systems.
Market Size: USD 1.30 billion in 2020, Market Growth: CAGR of 5.1%, Market Trends: High initial production costs and unawareness about advantages of grain silos and storage system
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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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:
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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 on silo type: (Revenue, USD Billion, 2021 – 2028)
Based commodity type: (Revenue, USD Billion, 2021 – 2028)
Other commodity types: (Revenue, USD Billion, 2021 – 2028)
Based on region: (Revenue, USD Billion, 2021 – 2028)
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The research provides answers to the following key questions:
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