Global Silo Bags Industry 2020 Industry Analysis, Top Players, Revenue and Market Share Report

Silo Bags Market report provides the latest market data along with industry future trends, which keeps tracking of users driving the revenue growth rate of the silo bags market by length type (60 meters, 75 meters, and 90 meters), material type (polyethylene (PE), and polypropylene (PP)), application (grain storage, forages storage, fertilizers storage, dried fruits storage, and others) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players in the silo bags market it includes the five years Industry analysis and the 6 years annual forecast from 2020 to 2026.

Some of the prominent participants in the global silo bags market are Armando Alvarez Group, PlastikaKritis S.A, Plaster Group, Ipsa - Rio Chico SA, RKW Group, Berry Global, Inc., Up North Plastics Inc., IG Industrial Plastics,  Rishi FIBC Solutions PVT. Ltd., and LLC Planet Plastic. The global silo bags market is projected to grow at a CAGR of 6.25% over the forecast period of 2020-2026.

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Growing Demand for Efficient Grain Storage Solutions Is Majorly Driving the Silo Bags Market

According to a study by World Wildlife Fund and Tesco Plc, about 1.2 billion tons are lost on the farms due to inefficient storage solutions. Silo bags are one of the most effective and efficient storage solutions for grains. The growing demand for efficient grain storage solutions is majorly driving the silo bags market. In addition, the rising demand for convenient packaging, lesser cost investment, and ease of handling are the factors boosting the silo bags market significantly.  The increasing number of government subsidies to farmers is anticipated to support market growth. Several governments across the world offer subsidies to farmers for their agricultural operations. According to the Organization for Economic Co-operation and Development’s (OECD) Agricultural Policy Monitoring and Evaluation 2021, governments across the world spent around an average of USD 719 billion annually during 2018-20in some form of subsidy to their agricultural sectors. However, the availability of various storage alternatives is expected to hamper the market growth. Solutions such as grain bins, metal silos, bunkers, and containers offer storage capabilities to the farmers. Nevertheless, the development of silo bags with advanced technologies is likely to boost the market growth over the forecast period.

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South America Held the Dominant Position in The Global Silo Bags Market

Among the regions, South America held the dominant position in the global silo bags market. The region occupied the majority of shares in the global markets with Argentina occupying the majority of the shares in the region. Major South American countries such as Argentina and Brazil are also the largest producers of grains such as soya beans and wheat. According to FAO, it is the 7th largest exporter of wheat in the world. Moreover, Argentina's soybean production in the 2021-22 marketing year will be boosted by an increased planting area, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA). Silo bags are majorly used for storing these grains.

Furthermore, the Asia Pacific region is expected to exhibit the highest growth rate in the global silo bags market. The presence of emerging economies such as China and India will augment this market. Moreover, China is the top country in wheat production in the world that accounting for 20.65% of the world's wheat production. Also, Australia is anticipated to have an immense impact on the global silo bags market as agriculture is one of the most important means of sustenance in the country.

Silo Bags Market: Segmentation

The report on the global silo bags market covers segments such as length type and application. On the basis of length type, the sub-markets include 60-meter, 75 meters, and 90 meters. On the basis of application, the sub-markets include grain storage, forage storage, fertilizers storage, dried fruits storage, and others.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the silo bags.

=> Complete coverage of all the product types and applications segments to analyze the trends, developments, and forecast of market size up to 2026.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.