Grain Silos and Storage System Market Analysis by Silo Type, Commodity Type, Region

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, August 13, 2021 ) The Grain Silos and Storage System Market size is estimated to be valued at USD 1.3 billion in 2020 and is expected to reach a value of USD 1.6 billion by 2025, growing at a CAGR of 4.8% during the forecast period. The growth of the grain silos and storage system market is driven by factors such as the increase in production of high-quality grains through effective storing, and efficient post-harvest management of grains to drive the market growth.

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By silo type, grain bins are projected to be the fastest-growing segment in the grain silos and storage system market during the forecast period

The grain bins are constructed as vented, silver, and corrugated steel-structured containers that have a larger diameter than silos, which are offered in various heights. These type of grain bins are generally used for the storage of dry corn and soybeans, which meet the domestic or export demands for the use of feed, food, and fuel. They are also used for the storage of free-flowing grains or other non-corrosive granular materials up to 52 lb/ft3 (833 kg/m3). Grain bins have a storage capacity that ranges between 1,000 and over a million bushels of grains per structure. They are developed for aerating grains at cooler temperatures for safer and longer period of storage.

By commodity type, maize segment is projected to dominate the market.

Maize is an important crop in various developed and developing countries. It is used as livestock feed and processed into various food and industrial products, such as starch, sweeteners, corn oil, beverage & industrial alcohol, and fuel ethanol. The major feed grains consumed in the US are corn, sorghum, barley, and oats. According to the USDA, in the US, corn is a major feed grain, accounting for more than 95% of the total feed grain production and use. It is used as a key energy ingredient in the livestock feed.

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