Press release
Agriculture Silos & Storage Systems Market Is Likely to Expand US$ 7.75 Billion at 4.88% CAGR From 2025 to 2034
Agriculture Silos & Storage Systems Market
The global agriculture silos & storage systems market was valued at USD 4.82 billion in 2024 and is projected to reach approximately USD 7.75 billion by 2034, according to the latest report by Polaris Market Research. The report also highlights that the market is expected to grow at a strong compound annual growth rate (CAGR) of 4.88% during the forecast period from 2025 to 2034.
What is Agriculture Silos & Storage Systems Market?
The agriculture silos & storage systems market refers to the industry involved in manufacturing and supplying structures used for storing grains, feed, and other agricultural commodities. These systems help prevent spoilage, pest infestation, and moisture damage, ensuring food security and supply chain efficiency. The market is driven by the need for efficient post-harvest management and rising global food demand. It includes various types such as steel, concrete, and polymer silos, along with automated storage solutions. Growth is supported by advancements in storage technology and increasing investments in agribusiness infrastructure.
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What's Propelling Market Forward?
Ongoing innovation, rising demand across key sectors, and supportive industry trends are driving the upward trajectory of the Agriculture Silos & Storage Systems Market.
Below are some of the primary forces fueling this growth:
• Increasing Global Ethanol Production:
o Ethanol, mainly derived from crops like corn and sugarcane, requires large-scale post-harvest storage.
o According to the U.S. Energy Information Administration, U.S. ethanol production capacity rose from 13.6 billion gallons in 2011 to 17.7 billion gallons by 2022.
o Price volatility in the ethanol market encourages stockpiling, increasing the need for silos that maintain crop quality over time.
o As global ethanol production grows, demand for reliable agricultural storage solutions continues to rise.
• Rising Demand for Animal Feed:
o Increasing global meat consumption is driving feed manufacturers to store bulk grains and raw materials efficiently.
o Climate variability and seasonal crop cycles are pushing suppliers to stockpile during peak harvests, fueling silo demand.
o Strict food safety regulations are promoting the use of advanced silos that prevent contamination, spoilage, and pest infestation.
o The expanding animal agriculture industry is accelerating the need for durable, high-capacity storage systems.
Who Are Market Key Players?
This market features dynamic competition where prominent organizations continuously innovate and pursue strategic alliances to expand their market share and influence.
Key Agriculture Silos & Storage Systems Market participants include:
• AGI
• Ahrens Agri
• CST Industries
• Mysilo
• Prado Silos
• Rostfrei Steels
• Silos Córdoba
• Sioux Steel Company
• Sukup Manufacturing Co
• Superior Grain Equipment
• Symaga
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Agriculture Silos & Storage Systems Market Report Highlights:
• In terms of silo type, the flat bottom segment accounted for a major market share in 2024 due to its high storage capacity, long-term grain preservation capabilities, and widespread use in large-scale farming operations.
• Based on construction material, the steel segment dominated the market share in 2024 due to its superior strength-to-weight ratio, durability, and ease of installation.
• In terms of application, the food storage segment held the largest market share in 2024 due to growing global concerns around food security, rising grain consumption, and increased investments in post-harvest infrastructure.
• North America agriculture silos & storage systems market accounted for 38.12% global market share in 2024. This dominance is attributed to the need to enhance grain storage capacity and reduce post-harvest losses.
• US held 34.52% North America agriculture silos & storage systems market share in 2024 due to its major stake in grain exporting which require robust storage infrastructure to maintain quality and meet international standards.
• The market in Asia Pacific is projected to grow at a robust pace in the coming years, owing to the rising food security concerns and increasing agricultural production in countries like China, Australia, and India.
• The market in Europe is projected to hold a substantial market share in the coming years, owing to stringent EU food safety and quality regulations.
How Is Market Segmentation Done?
The market segmentation section provides a clearer understanding of demand patterns and growth opportunities across different segments.
The market is segmented based on the following key parameters:
By Silo Type Outlook (Revenue, USD Billion, 2020-2034)
• Flat Bottom
• Hopper
• Grain Bins
• Square
• Other
By Construction Material Outlook (Revenue, USD Billion, 2020-2034)
• Steel
• Concrete
• Others
By Application Outlook (Revenue, USD Billion, 2020-2034)
• Food Storage
• Farm Products
• Processing & Industrial Use
• Others
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Which Region Leads Market Demand?
The global market exhibits varied growth patterns across regions, with certain areas leading due to strong industrial presence, higher investment levels, and favorable economic conditions.
In 2024, North America held 38.12% of the global agriculture silos & storage systems market, driven by large-scale farming, the need to reduce post-harvest losses, and adoption of smart storage technologies. The U.S. led the region with 34.52% share, supported by strong grain exports, biofuel production, and precision farming trends. In Asia Pacific, rising food security concerns and government investments in storage infrastructure are boosting demand, especially in China, India, and Australia. India's market is further supported by government schemes and private investments in grain storage. Europe's growth is fueled by strict food safety regulations, sustainability focus, and rising organic farming in countries like Germany, France, and Ukraine.
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