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.
Growing agriculture industry.
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.
The silo bags market has been analyzed through the following segments:
By Material Type
By Length Type
90 Meters and above
Middle East and Africa