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Grain Storage Silos Market Size (2024 - 2029)

The Grain Storage Silos Market is experiencing growth driven by the increasing need for effective post-harvest storage solutions to mitigate grain losses and enhance farmer profitability. This demand is fueled by fluctuating grain prices and the necessity for large-capacity storage, which are critical in addressing self-sufficiency challenges. Technological advancements and significant investments by key players are further propelling the market. The importance of grain storage is pronounced in both developing and developed regions, where it plays a crucial role in managing large grain capacities for future use and export, thereby preventing spoilage and losses.

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Market Size of Grain Storage Silos Industry

Grain Storage Silos Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.83 Billion
Market Size (2029) USD 2.26 Billion
CAGR (2024 - 2029) 4.20 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Grain Storage Silos Market Major Players

*Disclaimer: Major Players sorted in no particular order

Grain Storage Silos Market Analysis

The Grain Storage Silos Market size is estimated at USD 1.83 billion in 2024, and is expected to reach USD 2.26 billion by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).

  • The grain storage silos market is integral to the global agricultural landscape, playing a vital role in managing and preserving harvested grains. World Bank data indicates that the global population, standing at 8.02 billion in 2023, is on track to hit 9.7 billion by 2050. As the global population expands and agricultural demands shift, the importance of efficient grain storage solutions becomes increasingly evident. Despite rising agricultural productivity, a significant challenge remains is that self-sufficiency is jeopardized by grain losses. These losses often stem from inadequate storage facilities, leading to price drops and diminished farmer profits. Consequently, the demand for effective post-harvest storage solutions bolsters the global grain silo market.
  • Moreover, technological advancements by companies are propelling the market forward. For example, in 2024, Embratel, a leading Brazilian telecommunications firm, unveiled its "Smart Silo" innovation in India. This cutting-edge solution, a collaboration with Telematica Sistemas Inteligentes, integrates IoT devices, Big Data, and AI, with all data securely stored in the Cloud. The Smart Silo offers enhanced measurements for successful grain storage. Additionally, both developing and developed nations prioritize grain storage, not only for domestic use but also for export, further fueling market growth. Thus, factors like increasing production capacities and technological advancements are set to drive the market's expansion in the coming years.

Grain Storage Silos Industry Segmentation

A grain storage silo is a structure used to store grain in bulk for the agriculture industry. The grain storage silos market is an important segment of the grain storage facility industry, which boosts the agricultural output supply when needed. The Grain Storage Silos Market is segmented by type (steel silos, metal silos, and other types), product (flat bottom silos, hopper bottom silos, feed hoppers, and farm silos), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecast value in (USD) for all the above segments.

Type
Steel Silos
Metal Silos
Other Types
Product
Flat Bottom Silos
Hopper Bottom Silos
Feed Hoppers
Farm Silos
Geography
North America
United Sates
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Rest of South America
Middle-East and Africa
South Africa
Rest of Middle-East and Africa
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Grain Storage Silos Market Size Summary

The grain storage silos market is poised for significant growth over the forecast period, driven by the increasing global demand for efficient post-harvest storage solutions. As agricultural productivity rises to meet the needs of a growing population, the challenge of grain loss due to inadequate storage facilities becomes more pronounced. This issue not only affects farmers' profits but also impacts the overall supply chain, necessitating the need for large-capacity storage solutions like silos. The market is further bolstered by technological advancements and investments from key industry players, which are enhancing storage capacities and efficiencies. Regions such as North America are witnessing substantial growth in silo usage, with farmers increasingly opting for flat-bottom and hopper-bottom silos for long-term storage, thereby expanding the market's footprint.

The market's expansion is also fueled by the rising demand from major grain-producing countries, including the United States, Russia, India, and Brazil, which are investing heavily in silo infrastructure to accommodate growing grain stocks. The cost-effectiveness of silos, attributed to automated grain transport systems, offers a competitive advantage over traditional storage methods, further driving adoption. Additionally, geopolitical factors, such as the Ukraine-Russia conflict, have prompted countries like Egypt to enhance their storage capabilities to mitigate import dependency and price volatility. The fragmented nature of the market sees major players like Ahrens Agri, Buhler Group, and Sioux Steel Company leading through strategic acquisitions and partnerships, thereby enhancing their global reach and product offerings.

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Grain Storage Silos Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Post Harvest Grain Losses

      2. 1.2.2 Fluctuations in Grain Prices

      3. 1.2.3 Rising Investments and Technological Developments

    3. 1.3 Market Restraints

      1. 1.3.1 Incidence of Storage Pests and Diseases

      2. 1.3.2 High Initial Investments

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Steel Silos

      2. 2.1.2 Metal Silos

      3. 2.1.3 Other Types

    2. 2.2 Product

      1. 2.2.1 Flat Bottom Silos

      2. 2.2.2 Hopper Bottom Silos

      3. 2.2.3 Feed Hoppers

      4. 2.2.4 Farm Silos

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United Sates

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

        4. 2.3.1.4 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Netherlands

        7. 2.3.2.7 Russia

        8. 2.3.2.8 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 South Africa

        2. 2.3.5.2 Rest of Middle-East and Africa

Grain Storage Silos Market Size FAQs

The Grain Storage Silos Market size is expected to reach USD 1.83 billion in 2024 and grow at a CAGR of 4.20% to reach USD 2.26 billion by 2029.

In 2024, the Grain Storage Silos Market size is expected to reach USD 1.83 billion.

Grain Storage Silos Market Report Snapshots

Grain Storage Silos Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)