Pune, India, 14 Feb. 2022 (GLOBE NEWSWIRE) — The world grain silo market is expected to gain ground with increasing advances in grain production technologies. This information is given by Fortune Business Insight™ in a forthcoming report, entitled, “Grain Silos Market Size, Industry Share & Analysis, By Type (Metal Silos, Steel Silos, Others), By Product (Flat Bottom, Hopper Bottom, Feed Hoppers, Others) and Regional Forecast, 2022-2029.” The report further states that the growing loss of food grain is expected to drive the demand for grain silos globally. The World Bank report said that every year around 12-16 million metric tons of food grain losses occur in India during the post-harvest phase.
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A list of all grain silo manufacturers operating worldwide grain silo market:
- Superior Silo LLC
- Sioux Steel Company
- P+W Metallbau GmbH & Co. KG
- Rostfrei steels
- Silos Cordoba
- Hanson Silo Company
- CST Industries
- Ahrens Agri
- Silos Cordoba
- Other important companies
Drivers and Constraints-
The growing need to strengthen food security will drive growth
Rising instances of food grain contamination due to a large number of environmental factors, such as pH, temperature, and humidity, are expected to support the growth of the grain silos market in the near future. Apart from this, food grain storage is a crucial part of the agricultural process. The use of conventional grain silos made of mud, grass and wood in developing countries is unable to provide security against pests, such as birds, rodents and insects. To cope with this situation, the demand for metal grain silos is rapidly increasing across the world.
Additionally, the use of grain silos can enhance food security in various communities as it provides economic support and day-to-day livelihoods for small-scale farmers. These silos also take up less storage space, unlike horizontal storage warehouses. Additionally, they are available in a wide variety of configurations, materials, and sizes. However, these products are very expensive. This factor can hinder growth.
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- Flat bottom,
- Hopper bottom
Availability of state-of-the-art grain elevators to support growth in North America
Geographically, Asia-Pacific is expected to grow at a significant rate over the next few years due to increasing post-harvest grain losses due to many environmental conditions. India’s Ministry of Consumer Affairs, for example, mentioned that about 57,676 metric tons of food grains have been damaged in the country due to rodent and pest attacks, exposure to rain and floods and to Food Corporation of India (FCI) food leaks. In addition, growing concerns over food grain spoilage are expected to drive growth in this region.
Additionally, North America is expected to generate a considerable grain silo market share in the coming years owing to the presence of various reputable manufacturers in the region. Additionally, the easy availability of new silos equipped with grain level sensors, electric feeders, dryers, aerator cameras, computer systems, moisture sensors and unloaders would boost sales in this region.
Key Players Focus on Signing Contracts and Investments to Develop Unique Products
The global market is home to several companies that aim to develop new grain silos by signing new contracts with other renowned companies. Some of them also invest colossal sums to acquire innovative facilities. Below are the latest industry developments:
- March 2019: Silos Cordoba, a leading manufacturer of grain storage silos based in Spain has signed a contract with Josepdam Port Services Nigeria Ltd. for the construction of a new grain storage facility in Nigeria. It will have a capacity of 145,000 tons and will be able to store mainly corn and wheat. The facility will also include flat bottom silos with a capacity of 6,152.00 and 10,272.00 tonnes.
- August 2019: CEE Equity Partners, headquartered in China, has invested approximately $67 million through the Eastern & Central Europe Investment Cooperation Fund II. The fund will be used to acquire logistics and 15 grain silos from the Brise group in Romania.
- Which segment is expected to dominate the market?
- What are the vital drivers and barriers for the market?
- What are the market dynamics, challenges and opportunities?
- Which key companies would earn the most revenue from the market?
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