Grain Silos and Storage System Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018–2028, Segmented By Silo Type (Flat Bottom Silos, Hopper Silos, Grain Bins, Others (Bags, Bunkers, Towers, Synthetic Silos)); By Commodity Type (Rice, Maize, Wheat, Soybean, Sunflower, Others (Barley and Sorghum)); By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Global Grain Silos and Storage System Market Size Set to Touch USD 2.18 billion by 2028
Global grain silos and storage system market is flourishing because of an increasing demand for grain silos and storage systems in the large scale activities, growing focus on reducing post-harvest losses and food wastage, and high adoption of storage system.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global grain silos and storage system market size at USD 1.48 billion in 2021. During the forecast period between 2022 and 2028, BlueWeave expects global grain silos and storage system market size to grow at a steady CAGR of 5.8% reaching a value of USD 2.18 billion by 2028. Global grain silos and storage system market expansion is driven by increasing utilization of grain silos and storage systems in the large-scale agriculture, high adoption of storage system owing to its affordability, surging demand for adequate grain storage to combat food shortages, and rising global population. An increasing use of grain silos and storage systems to store crops while minimizing waste, growing awareness of the necessity of effective post-harvest management coupled with increasing technological advancement to avoid contamination is fueling the global grain silos and storage system market during period in analysis. However, high initial and setup expenditure might restrain the growth of global grain silos and storage system market.
Global Grain Silos and Storage System Market – Overview
Silos play a significant role in post-harvest management by serving as grain collectors and distribution units. Silos handle the initial grain processing purpose by drying, fumigating, and cleaning grains to safeguard the grains. All these features enable the requirement for storage systems to increase in an upward trajectory. COVID-19 pandemic put further pressure on grain and storage unit protection, which could benefit grain silos and the storage sector.
Global Grain Silos and Storage System Market - By Commodity Type
By commodity type, global grain silos and storage system market is Rice, Maize, Wheat, Soybean, and Sunflower. The maize segment is expected to dominate the market due to its utilization in developed and underdeveloped countries. It is also used in livestock feed and refined into a variety of food and commercial goods, including starch, sweeteners, maize oil, beverage and industrial alcohol, and fuel ethanol. The soybean segment which is expected to hold the second highest market share during the forecast period. Soybeans are oilseed crops that produce 20% oil when crushed and the remaining 80% is soybean meal, often used to feed livestock such as poultry, cattle, and pork. However, oil is a component of many food products, including cooking oil, mayonnaise, and prepared foods. Furthermore, it is employed in non-food sectors, such as paints, soaps, and polymers.
Impact of COVID–19 on Global Grain Silos and Storage System Market
COVID-19 pandemic had a slight negative impact on the silos industry, but there was no major effect on the silos supply chain or worldwide operations. The grain storage silos market was less damaged by the pandemic owing to the exemption of food and agricultural services due to lockdown regulations. As a result of the pandemic, the silos market moved slowly and with little disruption in 2020. The market under consideration is steadily recovering and gaining traction, with growing demands for grain storage due to improved economic conditions. It is expected to fuel the growth of Global grain silos and storage system market.
Impact of Russia-Ukraine War on Global Grain Silos and Storage System Market
Global grain silos and storage system market is adversely affected by the ongoing war between Russia and Ukraine, the world’s two largest producers and suppliers of grains. Moreover, further intensity of the war is feared to trigger the global food crisis. According to US Embassy Georgia reports, Russia and Ukraine together held a significant share of 34% in global exports of wheat in 2021. Especially, in the global exports of sunflower cake, both the countries had a whopping 81% share. In addition, Ukraine and Russia held a combined significant market share in the global exports in maize, barley, sunflower oil, and vegetable oils. The report also estimated that Russia and Ukraine supplied about 12% of food calories traded across the globe in 2021.
Ukraine, in particular, is popularly known as the breadbasket of Europe, as the country is the region’s major source of wheat. Since the Russian invasion of Ukraine on February 24, 2022, there have been uncertainties over the supply of grains both from Ukraine and Russia to the world, and to Europe in particular. It has resulted in a significant rise in global food prices. Furthermore, besides experiencing food shortages due to expensive import costs, fiscal deficits, conflict, Middle East and North Africa confront an additional issue. Any further interruption or decrease in grain supply from Ukraine and Russia is anticipated to affect the growth of global grain silos and storage system market.
Competitive Landscape
Global grain silos and storage system market is fiercely competitive with major companies including AGCO Corporation, Silos Córdoba, Bentall Rowlands Silo Storage Ltd, Symaga SA, Sioux Steel Company, SCAFCO Grain Systems Co., Agi, Mysilo, Skup Manufacturing Co., Prive SA, Brock Grain Systems, Scafco Grain Equipment, Prado Silos, Behlen Mfg. Co., Sioux Steel Company, Superior Grain Equipment, Symaga, and Hoffmann, Inc. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics Global Grain Silos and Storage System Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Grain Silos and Storage System Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Type Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Global Grain Silos and Storage System Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Post-Harvest Losses and Food Wastage to Drive Grain Silos Sales
- 3.2.1.2. Large-Scale Farming Activities Using Grain Silos and Storage Systems
- 3.2.2. Restraints
- 3.2.2.1. High initial and setup expenditure
- 3.2.3. Opportunities
- 3.2.3.1. Rapid technology advancements and silo-specific characteristics
- 3.2.3.2. Governments in several nations have taken steps to build grain silos.
- 3.2.4. Challenges
- 3.2.4.1. Safety risks posed by sealed silos to decrease their demand
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Global Grain Silos and Storage System Market Overview
- 4.1. Market Size & Forecast by Value, 2018–2028
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Silo Type
- 4.2.1.1. Flat Bottom Silos
- 4.2.1.2. Hopper Silos
- 4.2.1.3. Grain Bins
- 4.2.1.4. Others (Bags, Bunkers, Towers, Synthetic silos)
- 4.2.2. By Commodity Type
- 4.2.2.1. Rice
- 4.2.2.2. Maize
- 4.2.2.3. Wheat
- 4.2.2.4. Soybean
- 4.2.2.5. Sunflower
- 4.2.2.6. Others (Barley, Sorghum)
- 4.2.3. By Region
- 4.2.3.1. North America
- 4.2.3.2. Europe
- 4.2.3.3. Asia Pacific
- 4.2.3.4. Latin America
- 4.2.3.5. Middle East and Africa
- 5. North America Grain Silos and Storage System Market
- 5.1. Market Size & Forecast by Value, 2018–2028
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Silo Type
- 5.2.2. By Commodity Type
- 5.2.3. By Country
- 5.2.3.1. United States
- 5.2.3.1.1. By Silo Type
- 5.2.3.1.2. By Commodity Type
- 5.2.3.2. Canada
- 5.2.3.2.1. By Silo Type
- 5.2.3.2.2. By Commodity Type
- 6. Europe Grain Silos and Storage System Market
- 6.1. Market Size & Forecast by Value, 2018–2028
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Silo Type
- 6.2.2. By Commodity Type
- 6.2.3. By Country
- 6.2.3.1. Germany
- 6.2.3.1.1. By Silo Type
- 6.2.3.1.2. By Commodity Type
- 6.2.3.2. United Kingdom
- 6.2.3.2.1. By Silo Type
- 6.2.3.2.2. By Commodity Type
- 6.2.3.3. Italy
- 6.2.3.3.1. By Silo Type
- 6.2.3.3.2. By Commodity Type
- 6.2.3.4. France
- 6.2.3.4.1. By Silo Type
- 6.2.3.4.2. By Commodity Type
- 6.2.3.5. Spain
- 6.2.3.5.1. By Silo Type
- 6.2.3.5.2. By Commodity Type
- 6.2.3.6. The Netherlands
- 6.2.3.6.1. By Silo Type
- 6.2.3.6.2. By Commodity Type
- 6.2.3.7. Belgium
- 6.2.3.7.1. By Silo Type
- 6.2.3.7.2. By Commodity Type
- 6.2.3.8. NORDIC Countries
- 6.2.3.8.1. By Silo Type
- 6.2.3.8.2. By Commodity Type
- 6.2.3.9. Rest of Europe
- 6.2.3.9.1. By Silo Type
- 6.2.3.9.2. By Commodity Type
- 7. Asia-Pacific Grain Silos and Storage System Market
- 7.1. Market Size & Forecast by Value, 2018–2028
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Silo Type
- 7.2.2. By Commodity Type
- 7.2.2.1. China
- 7.2.2.1.1. By Silo Type
- 7.2.2.1.2. By Commodity Type
- 7.2.2.2. India
- 7.2.2.2.1. By Silo Type
- 7.2.2.2.2. By Commodity Type
- 7.2.2.3. Japan
- 7.2.2.3.1. By Silo Type
- 7.2.2.3.2. By Commodity Type
- 7.2.2.4. South Korea
- 7.2.2.4.1. By Silo Type
- 7.2.2.4.2. By Commodity Type
- 7.2.2.5. Australia & New Zealand
- 7.2.2.5.1. By Silo Type
- 7.2.2.5.2. By Commodity Type
- 7.2.2.6. Indonesia
- 7.2.2.6.1. By Silo Type
- 7.2.2.6.2. By Commodity Type
- 7.2.2.7. Malaysia
- 7.2.2.7.1. By Silo Type
- 7.2.2.7.2. By Commodity Type
- 7.2.2.8. Singapore
- 7.2.2.8.1. By Silo Type
- 7.2.2.8.2. By Commodity Type
- 7.2.2.9. Philippines
- 7.2.2.9.1. By Silo Type
- 7.2.2.9.2. By Commodity Type
- 7.2.2.10. Vietnam
- 7.2.2.10.1. By Silo Type
- 7.2.2.10.2. By Commodity Type
- 7.2.2.11. Rest of Asia Pacific
- 7.2.2.11.1. By Silo Type
- 7.2.2.11.2. By Commodity Type
- 8. Latin America Grain Silos and Storage System Market
- 8.1. Market Size & Forecast by Value, 2018–2028
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Silo Type
- 8.2.2. By Commodity Type
- 8.2.2.1. Brazil
- 8.2.2.1.1. By Silo Type
- 8.2.2.1.2. By Commodity Type
- 8.2.2.2. Mexico
- 8.2.2.2.1. By Silo Type
- 8.2.2.2.2. By Commodity Type
- 8.2.2.3. Argentina
- 8.2.2.3.1. By Silo Type
- 8.2.2.3.2. By Commodity Type
- 8.2.2.4. Peru
- 8.2.2.4.1. By Silo Type
- 8.2.2.4.2. By Commodity Type
- 8.2.2.5. Colombia
- 8.2.2.5.1. By Silo Type
- 8.2.2.5.2. By Commodity Type
- 8.2.2.6. Rest of Latin America
- 8.2.2.6.1. By Silo Type
- 8.2.2.6.2. By Commodity Type
- 9. Middle East & Africa Grain Silos and Storage System Market
- 9.1. Market Size & Forecast by Value, 2018–2028
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Silo Type
- 9.2.2. By Commodity Type
- 9.2.2.1. Saudi Arabia
- 9.2.2.1.1. By Silo Type
- 9.2.2.1.2. By Commodity Type
- 9.2.2.2. UAE
- 9.2.2.2.1. By Silo Type
- 9.2.2.2.2. By Commodity Type
- 9.2.2.3. Qatar
- 9.2.2.3.1. By Silo Type
- 9.2.2.3.2. By Commodity Type
- 9.2.2.4. Kuwait
- 9.2.2.4.1. By Silo Type
- 9.2.2.4.2. By Commodity Type
- 9.2.2.5. Iran
- 9.2.2.5.1. By Silo Type
- 9.2.2.5.2. By Commodity Type
- 9.2.2.6. South Africa
- 9.2.2.6.1. By Silo Type
- 9.2.2.6.2. By Commodity Type
- 9.2.2.7. Nigeria
- 9.2.2.7.1. By Silo Type
- 9.2.2.7.2. By Commodity Type
- 9.2.2.8. Kenya
- 9.2.2.8.1. By Silo Type
- 9.2.2.8.2. By Commodity Type
- 9.2.2.9. Egypt
- 9.2.2.9.1. By Silo Type
- 9.2.2.9.2. By Commodity Type
- 9.2.2.10. Morocco
- 9.2.2.10.1. By Silo Type
- 9.2.2.10.2. By Commodity Type
- 9.2.2.11. Algeria
- 9.2.2.11.1. By Silo Type
- 9.2.2.11.2. By Commodity Type
- 9.2.2.12. Rest of Middle East & Africa
- 9.2.2.12.1. By Silo Type
- 9.2.2.12.2. By Commodity Type
- 10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. Global Grain Silos and Storage System Company Market Share Analysis, 2021
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- 11. Impact of Covid-19 on Global Grain Silos and Storage System Market
- 12. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
- 12.1. AGCO Corporation.
- 12.2. Silos Córdoba
- 12.3. Bentall Rowlands Silo Storage Ltd
- 12.4. Symaga SA
- 12.5. Sioux Steel Company
- 12.6. SCAFCO Grain Systems Co.
- 12.7. Agi
- 12.8. Mysilo
- 12.9. Skup Manufacturing Co.
- 12.10. Prive SA
- 12.11. Brock Grain Systems
- 12.12. Scafco Grain Equipment
- 12.13. Prado Silos
- 12.14. Behlen Mfg. Co.
- 12.15. Sioux Steel Company
- 12.16. Superior Grain Equipment
- 12.17. Symaga
- 12.18. Hoffmann, Inc
- 12.19. Other Prominent Players
- 13. Key Strategic Recommendations
- 14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumption & Limitation
- *Financial information in case of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figure
- Figure 1 Global Grain Silos and Storage System Market Segmentation
- Figure 2 Global Grain Silos and Storage System Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028
- Figure 5 Global Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028
- Figure 6 Global Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028
- Figure 7 Global Grain Silos and Storage System Market Share, By Region, By Value, 2018–2028
- Figure 8 North America Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028
- Figure 9 North America Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028
- Figure 10 North America Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028
- Figure 11 North America Grain Silos and Storage System Market Share, By Country, By Value, 2018–2028
- Figure 12 Europe Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028
- Figure 13 Europe Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028
- Figure 14 Europe Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028
- Figure 15 Europe Grain Silos and Storage System Market Share, By Country, By Value, 2018–2028
- Figure 16 The Asia-Pacific Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028
- Figure 17 The Asia-Pacific Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028
- Figure 18 The Asia-Pacific Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028
- Figure 19 The Asia-Pacific Grain Silos and Storage System Market Share, By Country, By Value, 2018–2028
- Figure 20 Latin America Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028
- Figure 21 Latin America Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028
- Figure 22 Latin America Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028
- Figure 23 Latin America Grain Silos and Storage System Market Share, By Country, By Value, 2018–2028
- Figure 24 Middle East and Africa Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028
- Figure 25 Middle East and Africa Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028
- Figure 26 Middle East and Africa Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028
- Figure 27 Middle East and Africa Grain Silos and Storage System Market Share, By Country, By Value, 2018–2028
- List of Tables
- Table 1 Global Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028
- Table 2 Global Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028
- Table 3 Global Grain Silos and Storage System Market Size, By Region, By Value, 2018–2028
- Table 4 North America Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028
- Table 5 North America Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028
- Table 6 North America Grain Silos and Storage System Market Size, By Country, By Value, 2018–2028
- Table 7 Europe Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028
- Table 8 Europe Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028
- Table 9 Europe Grain Silos and Storage System Market Size, By Country, By Value, 2018–2028
- Table 10 The Asia-Pacific Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028
- Table 11 The Asia-Pacific Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028
- Table 12 The Asia-Pacific Grain Silos and Storage System Market Size, By Country, By Value, 2018–2028
- Table 13 Latin America Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028
- Table 14 Latin America Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028
- Table 15 Latin America Grain Silos and Storage System Market Size, By Country, By Value, 2018–2028
- Table 16 Middle East and Africa Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028
- Table 17 Middle East and Africa Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028
- Table 18 Middle East and Africa Grain Silos and Storage System Market Size, By Country, By Value, 2018–2028
- Table 6 AGCO Corporation. Company Overview
- Table 7 AGCO Corporation. Financial Overview
- Table 8 Silos Córdoba Company Overview
- Table 9 Silos Córdoba Financial Overview
- Table 10 Bentall Rowlands Silo Storage Ltd Company Overview
- Table 11 Bentall Rowlands Silo Storage Ltd Financial Overview
- Table 12 Symaga SA Company Overview
- Table 13 Symaga SA Financial Overview
- Table 14 Sioux Steel Company Overview
- Table 15 Sioux Steel Company Financial Overview
- Table 16 SCAFCO Grain Systems Co. Company Overview
- Table 17 SCAFCO Grain Systems Co. Financial Overview
- Table 18 Agi Company Overview
- Table 19 Agi Financial Overview
- Table 20 Mysilo Company Overview
- Table 21 Mysilo Financial Overview
- Table 22 Skup Manufacturing Co. Company Overview
- Table 23 Skup Manufacturing Co. Financial Overview
- Table 24 Prive SA Company Overview
- Table 25 Prive SA Financial Overview
- Table 39 Brock Grain Systems Company Overview
- Table 40 Brock Grain Systems Financial Overview
- Table 41 Scafco Grain Equipment Company Overview
- Table 42 Scafco Grain Equipment Financial Overview
- Table 43 Prado Silos Company Overview
- Table 44 Prado Silos Financial Overview
- Table 45 Behlen Mfg. Co. Company Overview
- Table 46 Behlen Mfg. Co. Financial Overview
- Table 47 Sioux Steel Company Company Overview
- Table 48 Sioux Steel Company Financial Overview
- Table 49 Superior Grain Equipment Company Overview
- Table 50 Superior Grain Equipment Financial Overview
- Table 51 Symaga Company Overview
- Table 52 Symaga Financial Overview
- Table 53 Hoffmann, Inc Company Overview
- Table 54 Hoffmann, Inc Financial Overview
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