The Business Research Company’s Grain Silos and Storage System Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Grain Silos and Storage System Global Market Report 2023 evaluates grain silos and torage system market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
North America was the largest region in the grain silos and storage system market in 2022.
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The global grain silos and storage system market size is expected to grow from $1.50 billion in 2022 to $1.61 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global grain silos and storage system market size is expected to reach $2.01 billion in 2027 at a CAGR of 5.7%.
The grain silos and storage system market segments in the report are:
By Silo Type:
Flat Bottom Silos
Hopper Silos
Grain Bins
Other Silo Types
By Commodity Type:
Rice
Maize
Wheat
Soybean
Sunflower
Other Commodity Types
By Product Type:
Steel Silos
Metal Silos
By Applications:
Agriculture
Commerce
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Stratistics MRC's Global Grain Silos and Storage System Market Key players analysis - Mysilo, Hoffmann, Inc., AGCO Corporation, Polnet Sp.
Silos are utilized in agriculture sector to store different types of grains such as rice, wheat, maize, barley, and others.
This increasingly facilitates the storage of grains, and with appropriate conditions, they can be stored for a longer period of time, irrespective of the external weather conditions.
The region’s increasing population and rising income levels are factors that are projected to drive the demand for food and agricultural commodities in the coming years.
On the other hand, the region has limited arable land, inadequate water, low farm yields, and increased soil degradation conditions due to urbanization.
Co., Sioux Steel Company, Superior Grain Equipment, Scafco Grain Systems Co., Prado Silos, Mulmix Spa Unipersonale, and Simeza.
