Grain Storage Silo Market Overview, Industry Statistics Forecast 2022-2028

The global grain storage silo market is expected to be valued at US$ 1,303.8 million in 2022 and grow at a CAGR of 5.3% over the forecast period due to technology advancement across the globe. Grain Storage Steel Silos has introduced a revolutionary solution for grain storage by using proprietary Zincalume steel to reduce the solar absorption and thereby drastically reducing the aeration cost required for silos. These metal Silos are precisely designed according to the world-class standards & specifications for long-term storage of varied grains and cereals and other materials such as coffee beans, cotton, etc. while maintaining their unhindered quality

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Wheat Accounted for Higher Revenue Share in Global Grain Storage Silo Market:
Based on commodity, global grain storage silo market is segmented into rice, maize, wheat, soybean, sunflower, others. Wheat is accounted for higher revenue. Wheat, any of several species of cereal grasses of the genus (family Poaceae) and their edible grains. Wheat is one of the oldest and most important of the cereal crops. Of the thousands of varieties known, the most important are common wheat, used to make bread; durum wheat (T. durum), used in making pasta (alimentary pastes) such as spaghetti and macaroni; and club wheat (T. compactum), a softer type, used for cake, crackers, cookies, pastries, and flours. Additionally, some wheat is used by industry for the production of starch, paste, malt, dextrose, gluten, alcohol, and other products.

North America leads the Global Grain Storage Silo Market:
Based on regional analysis, the global grain storage silo market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North American global grain storage silo market contributed the largest share in 2021. The growth in this industry has been driven by high demand for higher storage capacity due to limited space and increasing storage costs around the world. The US is recorded to have more than 310 million tonnes of silo storage capacity. All these help in the significant growth of the global market.

Strategic Acquisitions, Merger, Agreements, Collaborations and Partnerships are the key strategies adopted by market players:
The global grain storage silo market further reveals that the key player's increasingly adopting strategies such as strategic acquisitions, merger, agreements, collaborations and partnerships to enhance market revenue share. For instance, In May 2020, Symaga installed a storage facility consisting of 12 silos for Enselco Agro, a Kernel Group company in Ukraine. The plant has a total capacity of 306,000 m3. In January 2020, Symaga installed a storage facility for Ab Inbev (Belgium), a leading brewing company. Its famous Brahma brand expanded its storage capacity at the Brazil plants of Uberlandia and Itapisuma. The two projects, 8 and 4 silos, have a total storage area of 13,380 m3.

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The global grain storage silo market is segmented based on product type, commodity, capacity, application and region:
By Product Type
• Flat Bottom Silos
• Hopper Silos
• Grains Bins
• Others

By Commodity
• Rice
• Maize
• Wheat
• Soybean
• Sunflower
• Others

By Capacity
• Below 50 tons
• 50-300tons
• 301-1000tons
• Above 1000 tons

By Application
• Farm
• Large Ports
• Food Industry
• Others

By Geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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Key player's profiles in the global grain storage silo market are: AGCO Corporation (US), AGI (Canada), Silos Córdoba (Spain), PRADO SILOS (Spain), Symaga (Spain), SIMEZA (Spain), Bentall Rowlands Silo Storage Ltd (UK), Mysilo (Turkey), Sukup Manufacturing Co. (US), MICHA£ (Poland), Privé SA (France), MULMIX SpA Unipersonale (Italy), Polnet Sp. z o.o. (Poland), Brock Grain Systems (US), Superior Grain Equipment (US)

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This release was published on openPR.