Grain Storage Silos Market is projected to grow at a CAGR of 4.71% to reach US$1.973 billion in 2029

grain storage silos market

The grain storage silos market is evaluated at US$1.429 billion for the year 2022 and is projected to grow at a CAGR of 4.71% to reach a market size of US$1.973 billion by the year 2029.

Silos offer cost-effective, long-term storage solutions that are particularly helpful in expensive and land-constrained storage scenarios. This market segment is critical to the grain storage industry as a whole because it provides necessary storage facilities, increasing farmers’ output.

There is no food that humans eat in greater quantities than grains. Grain cultivation has been gradually increasing as production technology has advanced; however, incorrect food grain storage may result in a significant loss of grains. According to a World Bank report, India loses about 12–16 million metric tons of food grains yearly because of post-harvest losses which result in the anticipated increase in the next years of global grain silos’ market.

Further, the increased production of high-quality grain using efficient post-harvest and storage systems will lead to revenue growth for the grain silos and storage industry systems. The growing need for reasonably priced, high-capacity storage means that the market for grain silos storage will expand at a faster rate than average.

The two main market factors that will keep the growth rate high are the increasing rates of urbanization and personal disposable income. Additionally, as post-harvest losses and food waste rise, grain silos will become more popular to sell, increasing the demand for grain silos and storage solutions. A number of factors, including the rise in demand from developing countries, are expected to accelerate the development of grain silos and storage industry systems.

Moreover, one significant trend in the market is the growing attention being paid to galvanized grain silos. The process of galvanization entails coating steel with zinc to stop rusting and lengthen the silos’ lifespan. The properties of galvanized silos are reinforced and they are more resistant to corrosion. Additionally, silo manufacturers’ efforts to ensure food security and safety, as well as their reduction of grain loss, are attracting end users to the product. One such method is to have reinforced roofs on silos to ensure potential deformation.

The grain storage silos market, by type, is divided into three types- Steel silos, metal silos, and other types. It is predicted that the use of metal grain silos will increase demand for these structures because they shield grains from damage caused by pests, animals, and insects during both short- and long-term storage. Metal silos of various sizes are frequently made using galvanized steel sheets of various thicknesses. This is due to the fact that galvanized sheets are created by covering regular steel in zinc to stop oxidation. It is projected that metal grain silos’ superior food grain security will boost the silos’ sales. A flat-bottom grain silo is expected to witness significant growth in the global grain silo market.

The grain storage silos market, by product, is divided into four types- Flat bottom silos, hopper bottom silos, feed hoppers, and farm silos. During the course of the forecast period, the flat-bottom silo segment is anticipated to lead the global market for grain silos and storage systems. Because of their design, grains can be stored and recovered to maximum efficiency. When capacity is of the utmost importance, this kind of storage facility is perfect for large operations.

Flat-bottom silos are less expensive to store. Consequently, a flat-bottom silo is the ideal choice for grain storage, both in the short and long term. Flat-bottom storage is also simpler to build and allows grain to be safely kept for an extended period of time. Furthermore, there is also a growing demand for hopper bottom grain silos due to their simple unloading process, which is anticipated to boost sales.

The grain storage silos market, by commodity, is divided into six types- Rice, maize, wheat, soybean, sunflower, and others. During the forecast period, the global market for grain silos and storage systems saw the highest revenue share from the maize segment. Since maize is used in both developed and developing nations, it generates the most revenue. Additionally, it is processed into a wide range of food items and commercial products, such as fuel ethanol, starch, sweets, industrial and drinking alcohols, and maize oil. Cow feed is another application for it.

The North America region is expected to witness significant growth in the grain storage silos market during the forecasted period as it is anticipated that grain silo sales in the area will increase due to the presence of significant market players as well as the accessibility of effective grain silos, which consist of computer systems, aerators, dryers, cameras, moisture sensors, grain level sensors, electrical loaders and dischargers, and dryers. Moreover, America will require more grain silos due to the ongoing growth of grain production. More cereals like corn, wheat, sorghum, barley and oats are produced by a well-structured agricultural industry that makes this marketplace also popular with them.

The research includes several key players from the grain storage silos market, such as Rostfrei Steels, Superior Grain Equipment, Henan Sron Silo Engineering Co., Silos Cordoba, Sioux Steel Company, Skess Corporation, Nelson, Symaga, Arsenal Steel Silos, Ahrens Agri.

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The analytics report categorizes the grain storage silos market using the following criteria:

  • By Type
    • Steel Silos
    • Metal Silos
    • Other Types
  • By Product
    • Flat Bottom Silos
    • Hopper Bottom Silos
    • Feed Hoppers
    • Farm Silos
  • By Commodity
    • Rice
    • Maize
    • Wheat
    • Soybean
    • Sunflower
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Others