The silo bags market is estimated to grow at a CAGR of 5.04% to reach US$770.338 million in 2024 from US$ 573.843 million in 2018. Silo bags are flexible and extended plastic bags used for packaging and protection of products in bulk like grains, fertilizers and forage. Silo bags protect the products from external damage as well as UV rays further enhancing the shelf life of the product. Additionally, it helps to retain the grain moisture content during the storage period. The growing awareness regarding wastage of grains and other items during storage coupled with rising agriculture industry in developing regions is expected to drive the market for silo bags in the upcoming years. Asia-Pacific region is expected to be a prominent region owing to the large-scale agricultural activities in countries like India. Europe and North America are also projected to hold a significant share in the silo bags market during the forecast period.
DRIVERS
Growing agriculture industry.
RESTRAINTS
Stringent regulation on use of plastic.
The major players profiled in the silo bags market include Ipesa Silo, Panama Group, Silo Bag India Private Limited, GEM Silage Products, Up North Plastics Inc., Shandong Shouguang Jianyuanchun Co. Ltd.
Segmentation
The silo bags market has been analyzed through the following segments:
By Material Type
Polypropylene
Polyethylene
By Length Type
60 Meters
75 Meters
90 Meters and above
By Application
Fertilizer Storage
Grain Storage
Forage Storage
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Frequently Asked Questions (FAQs)
Q1. What will be the silo bags market size by 2024?
A1. The silo bags market is estimated to reach a total market size of US$770.338 million by 2024.
Q2. What is the size of the global silo bags market?
A2. Silo Bags market was valued at US$ 573.843 million in 2018.
Q3. What are the growth prospects for the silo bags market?
A3. The global silo bags market is estimated to grow at a CAGR of 5.04% during the forecast period.
Q4. Who are the major players in the silo bags market?
A4. The major players profiled in the silo bags market include Ipesa Silo, Panama Group, Silo Bag India Private Limited, GEM Silage Products, Up North Plastics Inc., Shandong Shouguang Jianyuanchun Co. Ltd.
Q5. What factors are anticipated to drive the silo bags market growth?
A5. The growing awareness regarding wastage of grains and other items during storage coupled with the rising agriculture industry in developing regions is expected to drive the market for silo bags in the upcoming years.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. SILO BAGS MARKET BY MATERIAL TYPE
5.1. Polypropylene
5.2. Polyethylene
6. SILO BAGS MARKET BY LENGTH TYPE
6.1. 60 Meters
6.2. 75 Meters
6.3. 90 Meters and above
7. SILO BAGS MARKET BY APPLICATION
7.1. Fertilizer Storage
7.2. Grain Storage
7.3. Forage Storage
7.4. Others
8. SILO BAGS MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. Ipesa Silo
10.2. Panama Group
10.3. Silo Bag India Private Limited
10.4. RKW Group
10.5. GEM Silage Products
10.6. RPC BPI Agriculture
10.7. Up North Plastics Inc.
10.8. Shandong Shouguang Jianyuanchun Co.,Ltd.
LIST OF FIGURES
LIST OF TABLES
Ipesa Silo
Panama Group
Silo Bag India Private Limited
RKW Group
RPC BPI Agriculture
Up North Plastics Inc.
Shandong Shouguang Jianyuanchun Co.,Ltd.
