Grain Silos and Storage System Market Expanding to $2.31 Billion By 2029: Growth Drivers and Industry Trends Revealed

The grain silos and storage system market size has observed notable growth recently. It will expand from $1.69 billion in 2024 to $1.79 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.0%. The growth during this period can be attributed to factors such as population growth and food demand, modernization of agriculture practices, government initiatives for food security, enhanced global grain trade, climate change concerns, and the expansion of agribusiness.

Moreover, the grain silos and storage system market is predicted to witness strong growth in the upcoming years. It will reach $2.31 billion in 2029 at a CAGR of 6.6%. The growth during this forecast period can be attributed to urbanization and land use changes, integration of renewable energy, global efforts for sustainable agriculture, resilience to climate change impacts, and the rise in vertical farming practices. Major trends during this period include the adoption of IoT and sensor technologies, aeration systems for grain quality, automation and digitization in silo operations, grain management software, customization for specialty grains, and energy-efficient storage solutions.

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What Are The Key Drivers Of The Grain Silos And Storage System Market Growth?
The increased consumption of crops is anticipated to fuel the growth of the grain silos and storage system market. A crop is any plant cultivated or grown on a large scale, including grains, vegetables, and fruits. As the world’s population rapidly grows, the demand for crops increases, leading to a surge in the production and storage of grains, which subsequently boosts the grain silos and storage system market. For instance, according to a report published by the Food and Agriculture Organization in April 2023, global wheat utilization increased from around 762 million tons in 2021 to around 773 million tons in 2022. It is expected to reach 780 million tons in 2023. Therefore, the surge in crop consumption is driving the growth of the grain silos and storage system market.

What Are The Major Segments In The Grain Silos And Storage System Market?
1) By Silo Type: Flat Bottom Silos, Hopper Silos, Grain Bins, Other Silo Types
2) By Commodity Type: Rice, Maize, Wheat, Soybean, Sunflower, Other Commodity Types
3) By Product Type: Steel Silos, Metal Silos
4) By Applications: Agriculture, Commerce

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Which Major Companies Are Operating In The Grain Silos And Storage System Market?
Major companies in the grain silos and storage system market include AGCO Corporation, Behlen Mfg. Co., Polent SP Zoo, Prado Silos, SCAFCO Grain Systems Co., Sioux Steel Company, Bentall Rowlands Silo Storage Ltd., Brock Grain Systems Inc., Dehsetiler Makina, Hoffmann Inc., Mulmix Srl, Ag Growth International Inc., Buhler Holding AG, Wieser Concrete Products Inc., Arsenal Steel Silos Machinery Pvt. Ltd., CTB Inc., GrainPro Inc., Grain Systems Inc., Henan Sron Silo Engineering Co., Rostfrei Steels Pvt. Ltd., Silos Metálicos Zaragoza S.L.U., Skess Corporation, Steel Structures America Inc., Steffes Group Inc., Stiffened Grain Bins, Sukup Manufacturing Co., Superior Grain Equipment, U.S. Grain Storage Systems Inc.

What Are The Emerging Trends In The Grain Silos And Storage System Market?
Leading companies in the grain silos and storage system markets are adopting advanced technologies like grain handling robots to increase their profitability. Grain handling robots are advanced robotic systems designed to automate a variety of tasks in the agriculture and food industries. These tasks include assistance in grain storage, managing grain bins, optimizing storage conditions, and monitoring inventory levels. For instance, in April 2023, Crover, a Scotland-based agricultural technology firm, unveiled a robot designed to navigate through bulk stacks of crops to ensure optimal grain storage conditions. The robot collects essential data on crop conditions, and the analyzed information is then transmitted to a user-friendly dashboard, offering real-time insights to grain aggregators. This advancement has the potential to revolutionize grain storage and management, with the prospect of minimizing waste and enhancing crop yields.

What Was The Largest Region In The Grain Silos And Storage System Market In 2024?
North America was the largest region in the grain silos and storage system market in 2024. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Does The Grain Silos And Storage System Market Report 2025 Offer?
Grain silos and storage systems refer to structures designed to store grain and other material such as cement, calcium oxide, calcium hydroxide, activated carbon, plastic resins, and others in bulk or powder form. These are primarily used by agriculture industries to store bulk grain. The Grain Silos and Storage System Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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