Global Silo Bags Market is Thriving with Rising Latest Trends by 2027 | Top Players- RKW Group, Panama Petrochem Ltd, RPC Group Plc, GrainPro, Inc., Plaster S.A

The market dynamics study of this Global Silo Bags Market business research report demonstrates the scope of the various commercial possibilities over the coming years and the positive revenue forecasts in the years ahead. It also studies the key markets and mentions the different regions i.e. the topographical spread of the business. Under a competitive market share evaluation, it suggests that the key players dominate the operations in the industry attributable to their strong geographical reach and huge production facilities. The major players operating in the Global Silo Bags Market are in strong competition in terms of technology, innovation, product development, and product pricing.

Market Analysis: Global Silo Bags Market

Global silo bags market is expected to register a substantial CAGR of 6.7% in the forecast period of 2019-2026. This rise in market value can be attributed to the replacement of conventional materials by silo bags. Few of the major competitors currently working in global silo bags market are RKW Group, Panama Petrochem Ltd, RPC Group Plc, GrainPro, Inc., Plaster S.A, Canadian Tarpaulin Manufacturers LTD, Up North Plastics, Inc, Creta Plastics, IPESA, Instrumentacion y Procesamiento Electronico, GEM Silage Products, KSI Supply, Inc., Flex-Pack, Blue Lake Plastics, LLC, Richiger, Silobag Systems, Jianyuanchuan, Silo Bag India Private Limited, IG Industrial Plastics, The Context Network, LLC, and Sigma Stretch Film among others.

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Competitive Analysis:

Global silo bags market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of silo bags market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition: Global Silo Bags Market

Silo bags are a key technology used for storage purposes that reduces post-harvest losses. It also provides an economic alternative for farmers to gain control over marketing their stored grain between crop harvests. The bags are made of laminated plastic sheet of three layers of either polyethylene or polypropylene material. The bags are sealed and offer properties such as fungi, insect and quality control.

Global Silo Bags Market By Capacity (Up to 200 MT, Above 200 MT), Length Type (60 Meter, 75 Meter, 90 Meter),? Material Type (Polyethylene (PE), Polypropylene (PP)), ?Application (Grain Storage, Forages Storage, Fertilizers Storage, Dried Fruits Storage, Wood Chips, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) - Industry Trends and Forecast to 2026

Market Drivers:

Increase in awareness about wastage of grains during cultivation is acting as a major driver for the market
Cost effectiveness of silo bags as compared to permanent steel bins effects the demand for these bags will propel the market growth
Maintains the grain moisture in storage while keeping the air tight environment which is boosting the growth of the market
Silo bags provide an easy means for on-farm segregation of products and commodities, which increases the demand for silo bags, hence fuelling the market growth

Market Restraints:

Silo bags provide only with the short term storage of grains and other products, which acts as a restraint for the market
Safety issues related with the storage in silo bags also hinder the market growth
The one time usage of a particular silo bag may hamper the growth of the market

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Segmentation: Global Silo Bags Market

By Capacity

Up to 200 MT
Above 200 MT

By Length Type

60 Meter
75 Meter
90 Meter

By Material Type

Polyethylene (PE)
Polypropylene (PP)

By?Application

Grain Storage
Forages Storage
Fertilizers Storage
Dried Fruits Storage
Wood Chips
Others

Key Developments in the Market:

In May 2019, Berry Global signed an agreement for the acquisition of RPC Group, a plastic packaging company. The company got acquired for an amount of USD 4.08 billion. With this acquisition the company has expands its business
In April 2018, Canadian Tarpaulin Manufacturers Ltd., acquired a grain bag distribution company, S.M.A.R.T. Bag Distribution. The acquisition helped the company to add more silo bag products in its portfolio from the acquired company

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Research Methodology: Global Silo Bags Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please?request an analyst call?or can drop down your enquiry.

The key research methodology used by?DBMR research?team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved

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