Silo Bags Market to Reach Value of US$ 60 Million by 2026, States TMR Study

The latest research study released by Transparency Market Research on "𝐒𝐢𝐥𝐨 𝐁𝐚𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟔 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Silo Bags industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.

Silo Bags market is estimated to attain a valuation of US$ 60 Mn by the end of 2026, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 6% during the forecast period, 2020-2026

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐎𝐟 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=34844

𝐏𝐫𝐨𝐥𝐢𝐟𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐈𝐨𝐓 𝐢𝐧 𝐀𝐠𝐫𝐨𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐁𝐨𝐥𝐬𝐭𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

The silo bags market is expected to expand at a growth of 6% during the assessment period. With the proliferation of IoT (Internet of Things) in the agricultural industry, producers are harnessing the advantages of the technology. For instance, Wiagro- a provider of wireless solutions for agriculture, is manufacturing smart silo bags that facilitate real-time monitoring of grains inside the bag with the help of the IoT technology.

Blockchain-based traceability platforms are bringing a significant change in the silo bags market. These platforms help in efficient transportation and reduce food losses worldwide. Moreover, producers are able to access information regarding food grains from remote locations through online capabilities. Blockchain-based traceability platforms are helping producers to store information that plays a key role in post-harvest storage processes. Thus, the blockchain technology is ensuring reliability in grain quality.

𝐒𝐢𝐥𝐨 𝐁𝐚𝐠𝐬 𝐨𝐫 𝐆𝐮𝐧𝐧𝐲 𝐁𝐚𝐠𝐬: 𝐖𝐡𝐢𝐜𝐡 𝐀𝐫𝐞 𝐁𝐞𝐭𝐭𝐞𝐫?

Silo bags are a more cost-efficient solution as compared to gunny bags for grain storage. However, limited unitary capacity of silo bags and the need for large land area for storage are some of its disadvantages. As such, silo bags can be stored under optimal conditions and this advantage is helping manufacturers in the silo bags market to increase unit uptake.

Apart from grain storage, companies in the silo bags market are expanding their business in composting applications. Proper management of organic waste is an indispensable part of farming and harvesting activities. Farmers are increasingly using silo bags for proper management of organic waste. Silo bags are eliminating concerns regarding liquid spills and undesirable odors. The growing demand for closed composting systems has led to increased sales of silo bags.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=34844

𝐒𝐢𝐥𝐨 𝐁𝐚𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬

Among length types, 75 meters segment is estimated to account for more than 2/5th of the revenue share by the end of 2020 and is likely to create an incremental opportunity of more than US$ 160 Mn by the end of next five forecast years

Among material types, Polyethylene (PE) silo bags segment is expected to expand at a CAGR of 6.7%. The segment is anticipated to account for more than 4/5th of the market share by value by the end of the forecast period.

Grain storage segment, among other applications, is estimated to account for more than 2/3rd market share by revenue by the end of the year 2020
Forages storage silo bags segment is expected to expand at a CAGR of 6.7% and is projected to create absolute $ opportunity of more than US$ 60 Mn by the end of 2026

In terms of market share, North America is likely to emerge as the dominating region in the global silo bags market, owing to the increasing demand for silo bags for affordable packaging and long-term storage

𝐓𝐡𝐞 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐒𝐢𝐥𝐨 𝐁𝐚𝐠𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞

RKW SE,Panama Group,RPC Group Plc,Ipesa - Rio Chico S.A,Grainpro Inc.,Plastar S.A,Canadian Tarpaulin Manufacturer,Up North Plastics Inc.,Plastika Kritis S.A.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 -

𝐋𝐞𝐧𝐠𝐭𝐡 𝐓𝐲𝐩𝐞

60 Meters
75 Meters
90 Meters

𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐓𝐲𝐩𝐞

Polyethylene (PE)
Polypropylene (PP)

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Grain Storage
Forages Storage
Fertilizers Storage
Dried Fruits Storage
Others

𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐀𝐬𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=34844

𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐥𝐞𝐭𝐬 𝐲𝐨𝐮 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐲 𝐭𝐡𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐢𝐥𝐨 𝐁𝐚𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐦𝐞𝐚𝐧𝐬 𝐨𝐟 𝐚 𝐫𝐞𝐠𝐢𝐨𝐧:

North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐅𝐨𝐚𝐦 𝐓𝐫𝐚𝐲𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/en/news-release/2022/09/07/2511773/0/en/Foam-Trays-Market-to-Rise-at-a-CAGR-of-3-2-during-Forecast-Period-notes-TMR-Study.html

𝐓𝐰𝐨-𝐰𝐡𝐞𝐞𝐥𝐞𝐫 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/en/news-release/2022/09/07/2511542/0/en/Two-wheeler-Services-Market-to-Rise-at-a-CAGR-of-6-4-during-Forecast-Period-notes-TMR-Study.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani

Transparency Market Research Inc.

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