Grain Silos and Storage System Market Dynamics – Drivers, Restraints, Opportunities and Challenges

Grain Silos and Storage System Market by Silo Type (Flat Bottom Silo, Hopper Silo, Grain Bins, and Other Silo Types), Commodity Type (Rice, Wheat, Maize, Soybean, Sunflower, and Other Commodity Types), Region - Global Forecast to 2025

(EMAILWIRE.COM, May 11, 2021 ) The global grain silos and storage system market size is estimated to account for a value of USD 1.3 billion in 2020 and is projected to grow at a CAGR of 4.8% from 2020, to reach a value of USD 1.6 billion by 2025.

The farmers in developing and developed regions are investing in setting-up of silos which helps in facilitating the storage of grains, and with appropriate conditions, they can be stored for a longer period of time, irrespective of the external weather conditions, are some of the factors driving the growth in the market.

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Driver: Production of high-quality grains through effective storing and efficient post-harvest management to drive the market growth

A majority of the countries, including the US, Canada, Mexica, China, India, Germany, and the UK, which significantly export agricultural produce in the international markets, are focusing on maintaining the quality of their grains for a longer period of time. Their use is higher in the developed regions, as the farmers in these regions cultivate large-scale farmlands and store high quantities of crops for a longer period of time.

Constraint: High initial investments in equipment and its set up affect their demand across developing countries across regions

Smallholder farmers comprise the majority of the cultivator population in all the regions of the world. They are devoid of appropriate resources and facilities to produce large yields. These farmers are increasingly unaware of the importance of effective storage and maintenance of high-quality grains produced. Small-scale farmers reside in rural areas and have limited land resources to be able to establish silos for storage.

Opportunity: Rapid advancements and developments in attributes and technological advancements of silos to drive the market growth

The application of grain silos to store grains instead of warehouses provides various advantages, particularly in terms of using the land space. The silos can be manufactured to fit the available land area, and are available in both vertical and horizontal structures to fit the needs of farmers. It is easier to maintain the optimum storage conditions for grains by controlling the temperature, which, if not done appropriately in long-term storage facilities, can result in economic losses. They are increasingly equipped with mechanics that help in carrying out post-harvest processes in farms, such as threshing, cleaning, and disinfecting. With proper maintenance, the grains stored inside silos can be stored for decades. Silos also enable the user to store different grains separately in order to preserve each of them optimally.

Challenge: Safety risks posed by sealed silos to affect their demand

Sealed silos are loaded with harmful gases, such as carbon dioxide and nitrogen, which are generally incorporated for the purpose of controlling pest infestations or the maintenance and regulation of temperature conditions. Further, operators of silos generally face respiratory health hazards due to grain dust, which causes dust-induced breathing issues. Silos help the US meet the global demand for food, feed, and ethanol-based fuel.

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Some of the major players operating in the grain silos and storage system market include AGCO Corporation (US), AGI (Canada), Silos Córdoba (Spain), PRADO SILOS (Spain), Symaga (Spain), SIMEZA (Spain), Bentall Rowlands Silo Storage Ltd (UK), Mysilo (Turkey), Sukup Manufacturing Co. (US), MICHAL (Poland), Privé SA (France), Dehsetiler Makina (Turkey), MULMIX SpA Unipersonale (Italy), Polnet Sp. z o.o. (Poland), Brock Grain Systems (US), Behlen Mfg. Co. (US), SCAFCO Grain Systems Co. (US), Sioux Steel Company (US), Superior Grain Equipment (US), and Hoffmann, Inc. (US).

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