How big is the grain storage silos market today, and what are its future growth expectations?
The grain storage silos market size has grown strongly in recent years. It will grow from $1.58 $ billion in 2024 to $1.66 $ billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to expansion of the animal feed industry, shift towards sustainable farming practices, global supply chain efficiency, increasing export activities, growing awareness of food waste.
The grain storage silos market size is expected to see steady growth in the next few years. It will grow to $2.01 $ billion in 2029 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to rising global demand for grains, increasing agricultural production, government initiatives and subsidies, growth in agribusiness investments, rising food security concerns. Major trends in the forecast period include technological advancements in storage solutions, adoption of smart silos, adoption of vertical storage systems, advances in grain drying technology, improved silo management software.
Get Your Free Sample of The Global Grain Storage Silos Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19489&type=smp
What have been the primary factors driving the grain storage silos market’s growth?
The increasing agricultural productivity is expected to propel the growth of the grain storage silos market. Agricultural productivity is rising due to advancements in technology, improved farming practices, and the adoption of high-yield crop varieties. Grain storage silos enhance agricultural productivity by allowing for the efficient storage of harvested grains, reducing spoilage and waste, and enabling better management of supply and demand throughout the year. For instance, in February 2024, according to a report published by the Department for Environment, Food and Rural Affairs, a UK-based ministerial department, agriculture contributed $15.3 billion (£13.9 billion), or 0.6% of GDP, to the UK economy in gross value added (GVA) at basic prices in 2022. This marked a $1.98 billion (£1.8 billion) increase, representing a 15% rise from 2021. Additionally, total income from farming (TIFF) in the UK grew by $1.2 billion (£1.1 billion), or 17%, reaching $8.6 billion (£7.9 billion) in 2022. Therefore, increasing agricultural productivity is driving the grain storage silos market.
What are the key segments within the grain storage silos market?
The grain storage silosmarket covered in this report is segmented –
1) By Product Type: Flat Bottom Silos, Hopper Silos, Grains Bins, Other Product Types
2) By Capacity: Below 50 Tons, 50-300 Tons, 301-1000 Tons, Above 1000 Tons
3) By Application: Farm, Large Ports, Food Industry, Other Applications
Subsegments:
1) By Flat Bottom Silos: Large Capacity Flat Bottom Silos, Medium Capacity Flat Bottom Silos, Small Capacity Flat Bottom Silos
2) By Hopper Silos: Conical Hopper Silos, Mass Flow Hopper Silos, Standard Hopper Silos
3) By Grain Bins: Steel Grain Bins, Galvanized Grain Bins, Fabricated Grain Bins
4) By Other Product Types: Silos with Aeration Systems, Modular Silos, Portable Silos, Integrated Storage Solutions
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/grain-storage-silos-global-market-report
Which key players are shaping the grain storage silos market?
Major companies operating in the grain storage silos market are Ag Growth International Inc., Behlen Manufacturing Co., Sukup Manufacturing Co., Mysilo, Chief Industries, Ahrens Group Pty Ltd., Sioux Steel Company, Roxell, Agrosaw, Symaga, Alvan Blanch Development Co., Rostfrei Steels Co., Tornum AB, Silos Cordoba Co., Superior Grain Equipment, ABC Hansen Africa Ltd., Buschhoff, Kotzur Pty Ltd., Moylan Grain Silos, Mulmix Spa, Nelson Silos, Prado Silos, RIELA, SIMEZA Silos, Stolz Engineering Pte Ltd.
How will emerging trends drive the grain storage silos market throughout the forecast period?
Major companies operating in the grain storage silos market are focused on developing technologically advanced solutions, such as grain monitoring solutions, to provide real-time data on critical parameters. A grain monitoring solution is a system designed to track and manage key parameters such as temperature, moisture, and inventory levels within grain storage facilities to ensure optimal quality and prevent spoilage. For instance, in April 2024, Embratel, a Brazil-based digital solutions company, launched Smart Silo, a cutting-edge solution for monitoring grain storage, incorporating Internet of Things (IoT) technology, big data, and artificial intelligence (AI) to optimize environmental conditions and guarantee the quality of stored grains. It delivers real-time data on critical indicators such as temperature, humidity, and CO2 concentration, empowering producers to make informed decisions and prevent losses due to spoilage or gas emissions. The Smart Silo simplifies operations and enhances safety by automating measurements that were previously done manually, thereby revolutionizing grain management in agribusiness.
How do regional factors impact the grain storage silos market, and which region is the largest contributor?
North America was the largest region in the grain storage silos market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grain storage silos market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Grain Storage Silos Market Report 2025 Offer?
The grain storage silos market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Grain storage silos are large structures used to store bulk quantities of grains such as wheat, corn, and rice. These silos are designed to protect the grain from moisture, pests, and other environmental factors, preserving its quality over extended periods. They are commonly used in the agriculture and food processing industries to manage grain inventory and ensure a stable supply throughout the year.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19489
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
