Silo Bags Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global silo bags market provides qualitative and quantitative analysis for the period from 2021-2030. The global silo bags market was valued at USD 613.71 million in 2022 and is expected to reach USD 1,061.88 million in 2030, with a CAGR of 6.30% during the forecast period 2023-2030. The study on silo bags market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

Silo bags were originally developed for the anaerobic storage of chopped forages. These bags are now being adapted for bulk grain storage. Silo bags are based on hermetic storage technology that reduces post-harvest losses while providing an economic alternative for farmers to gain control over marketing their stored grain between crop harvests. These bags generally consist of three to seven layers of polyethylene of about 250 microns thickness. The outer layer is white to reflect solar radiation, and the inner layer is black to block sunlight. A typical silo bag is about 60 meters long, 3 meters in diameter, and can store as much as 200 tons of wheat, maize, and soybeans. They can also be used for smaller quantities by simply using less of the bag. A properly sealed silo bag is watertight and has a high degree of gas tightness to CO2 and O2. These bags are also being used to protect grains from any kind of external damage. All these characteristics make them an alluring item in the market. In addition, as the cultivable land is decreasing, the demand for silo bags is progressively increasing.

According to a study by the World Wildlife Fund and Tesco Plc, about 1.2 billion tons are lost on 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. An 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 2018-20 in 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 farmers. Nevertheless, the development of silo bags with advanced technologies is likely to boost market growth over the forecast period.

The silo bags market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to hold a maximum share of the silo bags market during the projected period. The United States is one of the largest producers of agricultural products such as corn, soybeans, and wheat. As the demand for efficient and cost-effective storage solutions is on the rise, the demand for silo bags in the region is expected to grow during the forecasted period. Moreover, the Europe region is anticipated to grab a significant share of the market due to the, growing adoption of modern-age farming practices along with the need for flexible storage units. Silo bags offer a versatile and convenient storage option for agricultural products, allowing farmers to store their harvests effectively and with greater flexibility. The ability to store grains, crops, and other agricultural produce in silo bags provides an efficient way to manage inventory, reduce spoilage, and protect crops from adverse weather conditions.

Report Findings

1) Drivers

• The growing demand for efficient grain storage solutions is majorly driving the silo bags market.
• An increasing number of government subsidies to farmers is anticipated to support market growth.

2) Restraints

• The availability of various storage alternatives is expected to hamper the market growth.

3) Opportunities

• The development of silo bags with advanced technologies is likely to boost market growth over the forecast period.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents.

The primary respondents approached include:

1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include:

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include:

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segments Covered

The global silo bags market is segmented on the basis of length type, and application.

The Global Silo Bags Market by Length Type

• 60 Meter
• 75 Meter
• Over 90 Meter

The Global Silo Bags Market by Application

• Grain Storage
• Forages Storage
• Fertilizers Storage
• Dried Fruits Storage
• Other Applications

Company Profiles

The companies covered in the report include:

• IPESA - RIO CHICO S.A.
• LLC Planet Plastic
• Up North Plastics, Inc.
• The RKW Group
• Berry Global Inc.
• Plastika Kritis S.A.
• Rishi FIBC Solutions Pvt.Ltd.
• grainbags.ro
• Poly-Ag Corp.
• Agroflex

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the silo bags market.
2. Complete coverage of all the segments in the silo bags market to analyze the trends, developments in the global market and forecast of market size up to 2030.

3. Comprehensive analysis of the companies operating in the global silo bags market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. The Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

This product will be delivered within 1-3 business days.