Just How Big Is The North America’s silo bags market..? Here's What You Need to Know : Grain Pro, Inc., IPESA – Rio Chico SA, GEM Silage Products, RKW Hyplast NV and Grain Bags Canada

The need to provide optimal protection for agricultural produce is coming at a great price for North American farmers and agroindustrialists. Serving this purpose, silo bags are likely to lose out in terms of demand, owing to rising prices of raw materials. Future Market Insights’ latest report on North America’s silo bags market indicates that undulating prices of raw materials such as polyethylene films is curbing the production of silo bags. Contingent upon the monotony of this scenario in the years to come, North America’s silo bags is less likely to soar at a steady momentum, and will probably exhibit revenue growth at 4.8% CAGR.

The report has profiled key players in North America’s silo bags market, which include Grain Pro, Inc., IPESA – Rio Chico SA, GEM Silage Products, RKW Hyplast NV, Grain Bags Canada, Blue Lake Plastics, LLC., BagMan LLC., Canadian Tarpaulin Manufacturers LTD., Temudjin Flex-Pack BV, and KSI Supply, Inc.

Nonetheless, the decline in demand for silo bags across North America is not solely orchestrated by volatility of raw material prices. Future Market Insights’ report, titled “Silo Bags Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” predicts that strict environmental regulations associated with industrial use and large-scale production of plastic films is restraining a cost-effective production of silo bags. Silo bags, made from raw materials such as polyethylene or polypropylene films, are another burden on such regulatory authorities as dumping waste silo bags leads to environmental degradation. Key findings of the report indicate that through 2026, more than 90% of North America’s silo bags revenues emanate from sales of polyethylene bags, which further aggravates the environmental regulatory conditions.

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North America Silo Bags Market Reports - Table of Contents
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. North America Silo Bags Market Overview

4.1. Silo Bags Market Definition

4.2. North America Silo Bags Market Taxonomy

4.3. North America Silo Bags Market Supply Chain

5. North America Silo Bags Market Dynamics

5.2. Drivers

5.3. Restraints

5.4. Opportunity

5.5. Trends

6. North America Silo Bags Market Analysis and Forecast, By Length Type

6.1. Introduction

6.1.1. Basis Point Share (BPS) Analysis By Length Type

6.1.2. Y-o-Y Growth Projections By Length Type

6.2. North America Silo Bags Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Length Type

6.2.1. 60 Meters

6.2.2. 75 Meters

6.2.3. 90 Meters

6.3. North America Silo Bags Market Attractiveness Analysis By Length Type

6.4. Prominent Trends

7. North America Silo Bags Market Analysis and Forecast, By Material

7.1. Introduction

7.1.1. Basis Point Share (BPS) Analysis By Material

7.1.2. Y-o-Y Growth Projections By Material

7.1.3. Material Roadmap

7.1.4. Comparative Analysis By Material

7.2. North America Silo Bags Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Material

7.2.1. Polyethylene (PE)

7.2.1.1 Linear low-density polyethylene (LLDPE)

7.2.1.2. High-density polyethylene (HDPE)

7.2.2. Polypropylene (PP)

7.3. North America Silo Bags Market Attractiveness Analysis By Material

7.4. Prominent Trends

8. North America Silo Bags Market Analysis and Forecast, By Application Type

8.1. Introduction

8.1.1. Basis Point Share (BPS) Analysis By Application Type

8.1.2. Y-o-Y Growth Projections By Application Type

8.2. North America Silo Bags Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Application Type

8.2.1. Grains

8.2.1.1. Dry  Grains

8.2.1.2. Wet/Humid  Grains

8.2.1.3. Rolled Grains

8.2.2. Forages

8.2.3. Fertilizers

8.2.4. Dried Fruits

8.2.5. Others

8.3. North America Silo Bags Market Attractiveness Analysis By Application Type

8.4. Prominent Trends

9. North America Silo Bags Market Analysis and Forecast, By Country

9.1. Introduction

9.1.1. Basis Point Share (BPS) Analysis By Country

9.1.2. Y-o-Y Growth Projections By Country

9.2. North America Silo Bags Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Country

9.2.1. US

9.2.2. Canada

9.3. North America Silo Bags Market Attractiveness Analysis By Country

10. Competition Landscape

10.1. Competition Dashboard

10.2. Company Market Share Analysis

10.3. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments, SWOT Analysis)

10.4. North America based Players

10.4.1. IPESA - Rio Chico S.A.

10.4.2. GEM Silage Products 

10.4.3. RKW Hyplast NV.

10.4.4. BagMan LLC.

10.4.5. Canadian Tarpaulin Manufacturers LTD

10.4.6. Grain Bags Canada

10.4.7. Blue lake Plastics, LLC

10.4.8. Grain Pro, Inc.

10.4.9. KSI Supply, Inc

10.4.10. Temudjin Flex-Pack B.V.

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The report reveals that in terms of volume, the consumption of silo bags in the US and Canada will exhibit a 4.4% CAGR. In 2016, the market has been estimated to be valued at US$ 31.8 Mn, and is expected to exceed a little over US$ 50 Mn by 2026-end. During this forecast period, the demand for 75-meter silo bags will remain high and bring in more than US$ 25 Mn in revenues towards the end of 2026. Also, over two-third of the market’s value is accounted by sales of silo bags for protection of grains. The demand for silo bags is also predicted to gain traction for forage applications, revenues from which are expected to soar steadily at 5.1% CAGR. The report further projects that US will dominate with more than 80% share, while Canada’s silo bags market will gain traction by showcasing a value CAGR above 5%.

Another factor that is expected to inhibit the growth of North America’s silo bags is the aggressive competition for securing higher profits. Leading manufacturers of silo bags in the region are faring the market’s cut-throat competitive landscape by providing a product line with extra features. The overall profitability behind the sales of basic silo bags gets comprised and distorts the demand influx. 

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Queries regarding these research findings can be addressed to Future Market Insights’ analysts at press@futuremarketinsights.com

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