Grain Silos and Storage System Market: Market Segments: By Type (Flat bottom silos, Hopper silos, Grains bins and Other); By commodity type (Rice, Maize, Wheat, Soybean, Sunflower and Other); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030

Product Overview

Silos also perform the post-harvest management role as they act as collectors and distribution units of grain. Silos control the purpose of initial grain processing by drying, fumigating and cleaning grains in order to protect the grains. All these functions allow the demand for storage systems to expand in an upward direction of fashion.

Market Highlights

Grain Silos and Storage System Market is expected to project a notable CAGR of 4.5% in 2030.

Grain Silos and Storage System Market to surpass USD 3.4 billion by 2030 from USD 1.2 billion in 2019 at a CAGR of 4.5% throughout the forecast period, i.e., 2020-30. Farmers in developing and developed regions are investing in the set-up of silos which help to facilitate the storage of grains and which can be stored for a longer period of time under appropriate conditions, irrespective of the external weather conditions, which are some of the factors driving the growth of the market.

Grain Silos and Storage System Market: Segments

Flat bottom silos segment to grow with the highest CAGR during 2020-30

Grain Silos and Storage System Market is segmented by type into hopper silos, flat bottom silos, grain bins, and other silos type. Grain bins-based Grain Silos and Storage System, led the market in 2019, accounting for XX.X% of market share. The grain bins are built as vented, silver, and corrugated steel-structured containers provided in different heights that have a greater diameter than silos.

Grain Silos and Storage System Market: Market Dynamics

Drivers

Increasing Demand for Large Capacity and Cost-Effective Grain Storage

Increasing demand for grain storage from the world's leading grain-producing countries, namely the United States, Russia, India, Brazil, and others has driven the grain storage silos market. In addition, increasing input costs and the need for heavy investment in grain storage have led to an increase in demand for silos in all regions. Thanks to the automation of grain transport, silos are cost-effective grain storage types, resulting in low operational costs in the long run.

Restrain

High initial investments

Smallholder farmers in all regions of the world form the bulk of the increasing population. In order to generate high yields, they are devoid of suitable resources and facilities. The value of effective storage and maintenance of high-quality grains produced is increasingly unknown to these farmers.

Grain Silos and Storage System Market: Key Players

• Rostfrei Steels

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.

• Titan (FB Industries Inc.)

• Superior Silo LLC

• Silos Cordoba

• Sioux Steel Company

• Hanson Silo Company

• Nelson

• Symaga

• P+W Metallbau GmbH & Co. KG

• Ahrens Agri

Grain Silos and Storage System Market: Regions

Grain Silos and Storage System Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

Grain Silos and Storage System Market in Asia Pacific held the largest market share of XX.X% in the year 2019. The demand for grain silos & storage systems in Asia Pacific is projected to rise at the highest CAGR. With the presence of densely populated countries such as China and India, one of the main markets for grain silos and storage systems is expected to be the Asia Pacific region. The growing population and increasing income levels of the area are factors that are expected to drive demand for food and agricultural commodities in the coming years. On the other hand, because of urbanization, the area has limited arable land, insufficient water, low farm yields, and increased soil degradation conditions. China and India are ranked first and second at the global level in terms of rice and wheat production.

Grain Silos and Storage System Market report also contains analysis on:

Grain Silos and Storage System Market Segments:

By Type:

• Flat bottom silos

• Hopper silos

• Grains bins

• Other

By commodity type:

• Ruminant

• Poultry

• Swine

• Aquaculture

• Pets

• Horses

• Others

• Grain Silos and Storage System Market Dynamics

• Grain Silos and Storage System Market Size

• Supply & Demand

• Current Trends/Issues/Challenges

• Competition & Companies Involved in the Market

• Value Chain of the Market

• Market Drivers and Restraints

FAQs on Grain Silos and Storage System Market

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· At what CAGR is the market anticipated to grow between 2020 and 2030

· Who are the key players in the Grain Silos and Storage System Market

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· What are the growth drivers for the Grain Silos and Storage System Market