Bulk Storage Silos Market Segmentation, Market Players, Trends 2024
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As compared to stainless steel cylindrical storage silos, the flexible storage silos offer up to 25% more capacity, and also up to 100% increased dosing size. This flexible design not only improves sterility since it certifies that minimal residue is left behind in the silos, but are also cheaper to transport and install. Hence, flexible silos prove to be ideal for poor flow characteristics, compressible and cohesive materials, which further helps in ensuring consistent weighing and avoid production loss. Generally, silo bags are composed of three to five layers of plastic material shaped like a 235 microns thick tubes.
Bulk Storage Silos Market: Dynamics
In most of the economies, grains are considered as the important staple foods. Though they are produced on a regular basis, and there is only one production in a year in many places, which itself may subject to failure. This means to feed the world’s population, the global production of wheat, maize, rice, and sorghum must be detained in storage for periods changing from one month up to more than a year. Therefore, storage of grains inhabits an important place in the developing and developed economies, which in turn, influencing the usage of bulk storage silos shortly. Robust growth in food grain industry, increasing consumption of wheat, maize and rice products in the developed economies is intensifying the bulk storage silos market across the world. Furthermore, in the entire agriculture chain, the bulk storage silos has provided a powerful storage and logistics tool, facilitating the steady growth of grain production. Hence, agriculture is expected to expand with no limits, and that storage of grains is determined by the revolution of bulk storage grains.
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Bulk Storage Silos Market: Segmentation
On the basis of silo types, the global bulk storage silos are segmented into,
Concrete stave silos
Low oxygen tower silos
Cement storage silos
Sand and salt silos
On the basis of application, the global bulk storage silos market are segmented into,
Chemical petrochemical, mineral, food, grain, and plastics industries.
Bulk Storage Silos Market: Region Wise Outlook
By geography, the global bulk storage silos market is divided into majorly five regions namely North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Latin America is expected to dominate the overall bulk storage silos market with broad adoption scale of storage silo bags and tanks in Argentina from the past few years. According to the Food and Agricultural Organization (FAO), sales in the Brazil reached to about 45,000 silo bags, with 9 million tons of grain is stored annually. The potential in the Brazil market for the product is vast due to the lack of storage set-up and long distances between production areas and harbors. Next North America is anticipated to be the fastest growing market in the global bulk storage silos market. Most of the manufacturers, are planning to expand into Canada where food grain providers are experiencing strong competition, demanding low cost and economical bulk storage silos. Asia Pacific regions exhibit the fastest growth due to the significant developments in the usage of silo bags and tanks.
Bulk Storage Silos Market: Key Players
Some of the key player of the global bulk storage silos market are CST Industries, Franklin Hodge Industries Ltd., The Eagle Group LTD, Balmoral Group Holdings Ltd, Pittsburgh Tank Corporation, Bulk Process Equipment and many more.
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