The global silo bags market size is expected to surge at a CAGR of 6.6% in the forecast period from 2023 to 2033. The market value is projected to increase from USD 938.3 million in 2023 to USD 1,783.5 million by 2033. The market was valued at USD 872.0 million at the end of 2022, and is anticipated to exhibit y-o-y growth of 7.6% in 2023.
The silo bags industry is projected to witness significant growth in the estimated time frame. According to recent forecasts, the market is expected to present a lucrative opportunity for incremental growth, with an estimated value of USD 911.5 million by 2033. This growth is anticipated to be twice the current market value during the forecast period.
One of the primary drivers of high silo bag demand is growing need for efficient and cost-effective grain storage solutions in the agricultural sector. Silo bags offer farmers and grain producers a practical alternative to traditional storage methods. They allow them to preserve their produce effectively without the need for large, permanent structures such as traditional silos.
As the global population continues to rise, there is an increasing pressure on the agricultural sector to enhance productivity and reduce post-harvest losses. Hence, this factor is set to make silo bags an attractive choice for temporary storage.
Flexibility and versatility of silo bags might also contribute to their rising popularity. These bags can be used in various locations, providing farmers with the option to store their grains closer to the fields. They can also help in reducing transportation costs and improving logistics.
Ease of installation and mobility of silo bags might enable farmers to respond quickly to changing weather conditions or sudden increases in harvest volumes. This adaptability is expected to make them especially valuable in regions with unpredictable climates. They are also projected to be used in places where conventional storage infrastructure might be lacking.
Trend toward sustainable agricultural practices also plays a significant role in driving the demand for silo bags. These bags are often made from recyclable or biodegradable materials, aligning with increasing environmental consciousness among farmers and consumers.
As sustainable farming practices gain traction, adoption of eco-friendly grain storage solutions such as silo bags becomes an essential component. They are set to be used for reducing the environmental impact of agricultural operations.
Globalization of trade and increased market demand for grains might further contribute to rising interest in silo bags. With expansion of international grain trade, there is a need for reliable and efficient temporary storage solutions.
Silo bags provide a practical option for storing surplus grains. They might further allow farmers and grain traders to capitalize on favorable market conditions and meet fluctuating demands in different regions.
| Attributes | Key Insights |
|---|---|
| Silo Bags Market Estimated Size (2023E) | USD 938.3 million |
| Projected Market Valuation (2033F) | USD 1,783.5 million |
| Value-based CAGR (2023 to 2033) | 6.6% |
| Collective Value Share: Top 5 Companies (2022A) | 10% to 15% |
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The silo bags market registered a CAGR of 5.1% during the historical period from 2017 to 2022. It reached a market value of USD 872.0 million in 2022 from USD 680.1 million in 2017.
Silo bags might offer a cost-effective and flexible grain storage solution. Farmers are drawn to these bags as they eliminate the need for expensive permanent silos, reducing capital investment and operational costs.
Silo bags can also be easily set up in various locations. They might enable farmers to store grains closer to the fields, optimizing logistics, and minimizing transportation expenses.
Scalability of silo bags is another appealing aspect for farmers. These bags come in various sizes and capacities, providing flexibility to store different quantities of grains based on individual harvest volumes. Farmers can easily adjust their storage needs, making silo bags a practical choice for handling varying yields from season to season.
Temporary nature of silo bags might address the need for short-term storage solutions during peak harvest periods. Farmers often face challenges in managing large volumes of freshly harvested grains.
Silo bags provide a convenient and efficient way to store the surplus until it can be transported or sold at a later date. This is set to help prevent post-harvest losses and enable farmers to capitalize on favorable market conditions.
Another crucial factor contributing to the rising demand for silo bags is their portability. Unlike traditional silos, which are fixed structures, silo bags can be easily moved to different locations on the farm. This mobility would allow farmers to store grains closer to the fields, reducing the time and cost of transportation.
Ability to relocate the bags based on changing weather conditions or logistical requirements might provide a practical advantage. It is expected to be mainly beneficial in regions with unpredictable climates.
Automated filling and emptying systems are influencing the silo bags industry share in a number of ways.
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Silo bags are a popular option for storing fertilizer as they are durable, easy to transport, and relatively inexpensive. Additionally, they can be used to store fertilizer in a variety of climates, making them a versatile option for farmers and other businesses.
Use of fertilizer is increasing in various parts of the world, as farmers look to improve crop yields. Silo bags are a convenient and cost-effective way to store fertilizer. They are becoming increasingly popular among farmers and fertilizer distributors.
Growing demand for fertilizer has been a positive force for the market for silo bags. As demand for fertilizer continues to expand, the global silo bags industry is expected to elevate.
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| Country | United States |
|---|---|
| Market Share (2023) | 79.2% |
| Market Share (2033) | 75.4% |
| BPS Analysis | -300 |
| Country | Canada |
|---|---|
| Market Share (2023) | 20.8% |
| Market Share (2033) | 24.6% |
| BPS Analysis | 50 |
| Country | Brazil |
|---|---|
| Market Share (2023) | 38.2% |
| Market Share (2033) | 34.8% |
| BPS Analysis | -530 |
| Country | China |
|---|---|
| Market Share (2023) | 47.2% |
| Market Share (2033) | 45.4% |
| BPS Analysis | 110 |
| Country | Germany |
|---|---|
| Market Share (2023) | 22.5% |
| Market Share (2033) | 20.4% |
| BPS Analysis | -70 |
| Country | France |
|---|---|
| Market Share (2023) | 16.3% |
| Market Share (2033) | 15.9% |
| BPS Analysis | -40 |
| Country | United Kingdom |
|---|---|
| Market Share (2023) | 18.6% |
| Market Share (2033) | 17.5% |
| BPS Analysis | -60 |
Silo Bags for Grain Storage to Witness High Demand amid Adoption of New Farming Methods in the United States
The United States silo bags market is anticipated to offer an incremental opportunity of USD 167.8 million in the evaluation period. The country’s agricultural sector might have seen a rise in the adoption of temporary grain storage solutions such as silo bags.
It is due to their cost-effectiveness and flexibility. This trend could create a growing demand for silo bags vendors in the country.
Government policies or incentives aimed at promoting modern agricultural practices and improving food security might have encouraged the use of efficient and sustainable grain storage methods such as silo bags. These policies can create a favorable environment for silo bags vendors.
With an increasing focus on sustainable agricultural practices and eco-friendly solutions, demand for environmentally friendly silo bags could have been on the rise in the United States. It is expected to present lucrative opportunities for vendors offering such products.
The United States is a significant exporter of agricultural products. Use of silo bags for temporary storage could have helped farmers and exporters manage surpluses more efficiently.
They can help in ensuring the quality and quantity of grains during transportation and storage. This, in turn, might have increased the demand for silo bags from vendors catering to export-focused clients.
Grain Storage Bags to Become Popular in China with Need to Prevent Post-harvest Losses
China silo bags industry is estimated to provide an incremental opportunity of USD 64.3 million by 2033. China's agricultural sector is substantial, and it plays a crucial role in feeding its vast population and supporting its economy. With increasing agricultural production and need to store larger quantities of grains, there has been a rising demand for efficient storage solutions such as silo bags.
In a few parts of China, there might be limited access to traditional storage infrastructure such as permanent silos. Silo bags might provide a practical and accessible alternative for temporary grain storage, especially in areas where constructing permanent structures is not feasible or cost-effective.
China has a massive population, and as it continues to surge, demand for food products also increases. To ensure food security and minimize post-harvest losses, farmers and grain producers have been seeking reliable and temporary storage solutions such as silo bags.
China is also a key exporter of agricultural products. Silo bags enable efficient storage and handling of grains during transportation and export. They might help in ensuring the quality of produce and meeting international market demands.
LLDPE Silo Bags for Grain & Forage Storage to Gain Momentum Worldwide
The linear low-density polyethylene (LLDPE) segment is expected to surge with a CAGR of 6.8% in the forecast period. It is likely to create an incremental opportunity of USD 164 million in the same time frame.
LLDPE is known for its excellent strength and durability, making it ideal for withstanding the rigors of outdoor storage. It also helps in protecting grains from external factors such as moisture, pests, and UV radiation. Robust nature of LLDPE ensures that the silo bags can effectively preserve the quality of stored grains over extended periods.
LLDPE has a high level of flexibility, allowing the silo bags to conform to the shape of the stored grain. This flexibility helps minimize air gaps within the bag, reducing the risk of spoilage and maintaining an optimal storage environment. LLDPE's puncture resistance might also prevent damage to these bags during handling and transportation, ensuring integrity of the stored grains.
LLDPE is a relatively cost-effective material, making silo bags made of LLDPE a more affordable storage option compared to permanent storage structures. This cost-effectiveness might appeal to farmers and grain producers looking for economical solutions for temporary grain storage.
Three-layer Silo Bag Storage to Find Extensive Usage across the Globe
The 3 layer segment is expected to hold around 48.6% of the silo bags market share in 2033. Three-layer silo bags might have a slightly higher upfront cost compared to single-layer or two-layer bags.
Their enhanced protection and extended shelf life can result in long-term cost savings. Reduced spoilage and minimal losses due to improved storage conditions can outweigh the initial investment.
Three-layer silo bags are versatile and suitable for a wide range of crops & storage conditions. Whether storing grains, seeds, or other agricultural products, the multilayer design offers flexibility in adapting to different storage needs and requirements.
Three-layer construction provides an extra layer of protection for the stored grains. Each layer serves a specific purpose. The outer layer offers UV protection, the middle layer provides strength & puncture resistance, and the inner layer safeguards the grains from moisture. This multilayer design would help ensure superior protection against spoilage and quality degradation during storage.
Silo bag manufacturers might focus on producing bags with high-quality materials and improved durability to ensure the safe storage of grains over extended periods. Offering a range of bag sizes and capacities allows manufacturers to cater to the diverse needs of farmers and grain producers.
Implementing UV protection and specialized coatings on the bags can increase their longevity and protect the stored grains from external factors. Manufacturers might invest in research & development to improve bag design, materials, and production processes, making the bags more efficient and user-friendly.
In response to growing environmental concerns, a few manufacturers might have focused on developing biodegradable silo bags or those made from eco-friendly materials. Integration of technology such as sensors and monitoring systems into these bags might enable real-time monitoring of grain conditions and reduce the risk of spoilage.
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| Attributes | Details |
|---|---|
| Estimated Market Size (2023) | USD 938.3 million |
| Projected Market Valuation (2033) | USD 1,783.5 million |
| Value-based CAGR (2023 to 2033) | 6.6% |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD million) |
| Segments Covered | Material, Capacity, Layer, Application, Region |
| Key Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan & Baltic Countries; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, GCC Countries, China, India, Australia |
| Key Companies Profiled | Berry Global Inc.; IG Industrial Plastics, LLC; Canadian Tarpaulin Manufacturers Ltd.; Poly-Ag Corp.; Pacifil Brasil; Agroflex; Planet Plastic LLC; ARGSELMASH; Up North Plastics, Inc.; Seed & Forage Bags Australia Pty Ltd.; Polypropylene Products and Polypropylene Bags; Shanghai HiTeC Plastics Co., Ltd.; Shandong Longxing Plastic Film Technology Corp. Ltd.; Rishi FIBC Solutions Pvt. Ltd; IPESA USA LLC; RKW Group; PLASTAR; GEM Silage Products; Blue lake Plastics, LLC |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The market is valued at USD 938.3 million in 2023.
Berry Global Inc., and IG Industrial Plastics, LLC are key market players.
The market is forecast to register a CAGR of 6.6% through 2033.
From 2017 to 2022, the market registered a CAGR of 5.1%.
Rising demand for eco-friendly materials is encouraging the sales.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. PESTLE and Porter 5 Force Analysis 6. Global Market Demand Analysis 2017 to 2022 and Forecast, 2023 to 2033 7. Global Market - Pricing Analysis 8. Global Market Demand (in Value or Size in US$ million) Analysis 2017 to 2022 and Forecast, 2023 to 2033 9. Market Background 10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material 10.1. Low-density Polyethylene (LDPE) 10.2. Linear Low-density Polyethylene (LLDPE) 10.3. Others (High-density Polyethylene (HDPE), Polypropylene (PP)) 11. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Capacity 11.1. Less than 100 Tons 11.2. 100 to 200 Tons 11.3. 201 to 250 Tons 11.4. Above 250 Tons 12. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Layer 12.1. 3 Layer 12.2. 5 Layer 12.3. 7 Layer 13. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 13.1. Cereals 13.2. Pulses 13.3. Legumes 13.4. Oilseeds 13.5. Cottonseed 13.6. Fertilizers 13.7. Coal 13.8. Cement 13.9. Woodchip 13.10. Fodder 13.11. Other Grain Products 14. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 14.1. North America 14.2. Latin America 14.3. East Asia 14.4. South Asia & Pacific 14.5. Western Europe 14.6. Eastern Europe 14.7. Central Asia 14.8. Russia & Belarus 14.9. Balkan & Baltic Countries 14.10. Middle East and Africa 15. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033 16. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033 17. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033 18. South Asia & Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033 19. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033 20. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033 21. Central Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033 22. Russia & Belarus Market Analysis 2017 to 2022 and Forecast 2023 to 2033 23. Balkan & Baltic Countries Market Analysis 2017 to 2022 and Forecast 2023 to 2033 24. Middle East & Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033 25. Country wise Market Analysis 2023 & 2033 26. Market Structure Analysis 27. Competition Analysis 27.1. Berry Global Group 27.2. IG Industrial Plastics, LLC 27.3. Canadian Tarpaulin Manufacturers LTD 27.4. Poly-Ag Corp. 27.5. Pacifil Brasil 27.6. Agroflex 27.7. Planet Plastic 27.8. ARGSELMASH 27.9. Up North Plastics, Inc. 27.10. Seed & Forage Bags Australia Pty Ltd. 27.11. Polypropylene Products and Polypropylene Bags 27.12. Shanghai HiTeC Plastics Co., Ltd 27.13. Shandong Longxing Plastic Film Technology Co., Ltd 27.14. Rishi FIBC Solutions Pvt. Ltd 28. Assumptions and Acronyms Used 29. Research Methodology
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Silo bags Market
