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Grain Storage Facilities Market Anticipated To Witness Robust Growth, Surpassing $2.31 Billion By 2029
Grain Storage Facilities
What Is the Current Grain Storage Facilities Market Size and Its Estimated Growth Rate?
The grain storage facilities market size has seen strong growth in recent years. It will grow from $1.69 billion in 2024 to $1.79 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. This growth is attributed to the increasing protection of grain from weather and pests, higher employment levels, advances in scientific storage methods, rising crop yields and production, and increasing awareness of environmental impacts.
The grain storage facilities market is projected to reach $2.31 billion by 2029, growing at a CAGR of 6.6%. Growth is driven by transportation infrastructure, government policies, and international trade dynamics. Major trends include data analytics advancements, enhanced security systems, integration with storage systems, and remote monitoring.
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How Are Emerging Segments Shaping the Grain Storage Facilities Market Landscape?
The grain storage facilitiesmarket covered in this report is segmented -
1) By Type: Steel Silos, Metal Silos, Other Types
2) By Commodity Type: Rice, Wheat, Maize, Soybean, Sunflower, Other Commodity Types
3) By Application: Farm, Large Ports, Food Industry, Other Applications
Subsegments:
1) By Steel Silos: Vertical Steel Silos, Horizontal Steel Silos
2) By Metal Silos: Galvanized Metal Silos, Coated Metal Silos
3) By Other Types: Concrete Silos, Fabric Silos, Bins and Containers, Modular Storage Systems
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Which Growth Factors Are Influencing Grain Storage Facilities Market Expansion?
The increasing crop consumption is set to support the growth of the grain storage facilities market. This rise stems from changes in diet, economic growth, food security efforts, innovations in agriculture, and climate effects. Grain storage facilities assist in maintaining grain quality, reducing losses, and ensuring stable year-round supply. For instance, in October 2022, the Department for Environment, Food, and Rural Affairs noted that cereal straw production in 2021 reached 8.6 million metric tons, up by 2.5 million metric tons or 41% from 2020. Hence, increased crop consumption is promoting the grain storage facilities market.
Who Are the Dominant Players Across Different Grain Storage Facilities Market Segments?
Major companies operating in the grain storage facilities market are Cargill Incorporated, AGCO Corporation, Kepler Weber S.A., CTB Inc., Global Industries Inc., Ag Growth International Inc., GSI Group Inc., Behlen Manufacturing Company, CST Industries Inc., Sukup Manufacturing Co., SCAFCO Grain Systems Company, Sioux Steel Company, Agrosaw, Brock Grain Systems, Cimbria A/S, Symaga S.A., Tornum AB, Hanson Silo Company, Silos Córdoba S.L., Superior Grain Equipment, Westeel Ltd., Polnet Sp. z o.o., Mulmix S.p.A., Prado Silos
What Are the Major Trends Shaping the Grain Storage Facilities Market?
In the grain storage facilities market, major players are developing innovative grain monitoring solutions to enhance operational efficiency and preserve grain quality. These solutions track key parameters like temperature and moisture to prevent spoilage. In April 2024, Embratel, a Brazilian telecommunications company, introduced Smart Silo, a grain monitoring solution offering real-time tracking of storage conditions to improve efficiency and profitability.
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Which Geographic Regions Are Expected to Dominate the Grain Storage Facilities Market in the Coming Years?
North America was the largest region in the grain storage facilities market in 2024. The regions covered in the grain storage facilities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Grain Storage Facilities Market?
2. What is the CAGR expected in the Grain Storage Facilities Market?
3. What Are the Key Innovations Transforming the Grain Storage Facilities Industry?
4. Which Region Is Leading the Grain Storage Facilities Market?
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