Bulk Storage Silos Market: Present Scenario and the Growth Prospects with Forecast 2024

Bulk storage silos is a flexible and rigid package, made up of conductive material and regular steel, designed for storing of various diverse bulk materials in the form of pellets, granules, grit and many other products. Bulk storage silos are specifically manufactured and designed by requirements of customers, which is a purely custom-made invention.

Bulk storage silos are used for household applications as a container for wooden pellets in chemical industries, farming, food industry, building industry and pharmaceutical industries. The flexible silos are made from a durable and reliable special coated materials that are supported at constant intervals through form-frames.

As compared to stainless steel cylindrical storage silos, the flexible storage silos offer up to 25% more capacity, and also up to 100% increased dosing size. This flexible design not only improves sterility since it certifies that minimal residue is left behind in the silos, but are also cheaper to transport and install. Hence, flexible silos prove to be ideal for poor flow characteristics, compressible and cohesive materials, which further helps in ensuring consistent weighing and avoid production loss.

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Bulk Storage Silos Market: Dynamics

In most of the economies, grains are considered as the important staple foods. Though they are produced on a regular basis, and there is only one production in a year in many places, which itself may subject to failure. This means to feed the world’s population, the global production of wheat, maize, rice, and sorghum must be detained in storage for periods changing from one month up to more than a year. Therefore, storage of grains inhabits an important place in the developing and developed economies, which in turn, influencing the usage of bulk storage silos shortly.

Robust growth in food grain industry, increasing consumption of wheat, maize and rice products in the developed economies is intensifying the bulk storage silos market across the world. Furthermore, in the entire agriculture chain, the bulk storage silos has provided a powerful storage and logistics tool, facilitating the steady growth of grain production. Hence, agriculture is expected to expand with no limits, and that storage of grains is determined by the revolution of bulk storage grains.

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Bulk Storage Silos Market: Segmentation

On the basis of silo types, the global bulk storage silos are segmented into,

Bunker silos
Tower silos
Concrete stave silos
Low oxygen tower silos
Bag silos
Cement storage silos
Sand and salt silos

On the basis of application, the global bulk storage silos market are segmented into,

Chemical petrochemical, mineral, food, grain, and plastics industries.
Petrochemical
Mineral
Food
Grain
Plastics Industries
Others

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Bulk Storage Silos Market: Region Wise Outlook

By geography, the global bulk storage silos market is divided into majorly five regions namely North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Latin America is expected to dominate the overall bulk storage silos market with broad adoption scale of storage silo bags and tanks in Argentina from the past few years. According to the Food and Agricultural Organization (FAO), sales in the Brazil reached to about 45,000 silo bags, with 9 million tons of grain is stored annually.

Bulk Storage Silos Market: Key Players

Some of the key player of the global bulk storage silos market are CST Industries, Franklin Hodge Industries Ltd., The Eagle Group LTD, Balmoral Group Holdings Ltd, Pittsburgh Tank Corporation, Bulk Process Equipment and many more.

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