Silo Bags Market to expand at a CAGR of 4.8% through 2016-2026: North America Industry Analysis and Opportunity Assessment

ResearchMoz added Latest Research Report titled " Silo Bags Market: Grain Storage Anticipated to be a Highly Attractive Application Type Among Silo Bags Manufacturers Owing to Wide Usage by Farmers: North America Industry Analysis and Opportunity Assessment, 2016 - 2026 " to it's Large Report database.

Increasing demand for storage during harvest season coupled with growing consumer spending are the key growth drivers of the North America silo bags market over the forecast period

The need for a cost-efficient solution for storage of grains and animal fodder has led to extensive preference for silo bags among farmers in the U.S. and Canada. The North America silo bags market is expected to witness healthy growth rate owing to small farmers demanding silo bags for short-term and affordable packaging and storage purposes. Silo bags, also known as harvest grain bags are used as an alternative storage system for grains such as wheat, corn, maize, sorghum, etc. in order to fulfil shortage of cattle fodder during dry seasons. The North America silo bags market is expected to create good opportunities for suppliers, distributors and manufacturers operating in the market.

Revenue generated from the North America silo bags market is estimated to touch nearly US$ 34 Mn in 2017 and is forecast to reach nearly US$ 51 Mn in 2024, registering a CAGR of 4.8% during the forecast period. In terms of volume, the North America silo bags market is projected to register a CAGR of 4.4% to reach 62,700 units by 2026.

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Factors fuelling the demand for silo bags in the North America region

Rising demand for convenience packaging among new generation farmers has compelled the manufacturers of silo bags to innovate in terms of optimum space requirements, storage efficiency, high performance and flexible plastic sheets. A growing trend among manufacturers and suppliers of silo bags in North America is to leverage the changing demographics of farmer size. Manufacturers are increasingly addressing the demand from small farmers who prefer silo bags over capital intensive silo systems for storage purposes. Farmers with very short-term storage requirements prefer renting or leasing silo bags as silo bags have good reusability and longer product life.

The North America silo bags market is characterised by substantial consolidation among market players. In order to expand their market presence and strengthen order fulfilling capacity, large players are strategically acquiring smaller manufacturers to serve a broader customer base.

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Table Of Content

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. North America Silo Bags Market Overview
4.1. Silo Bags Market Definition
4.2. North America Silo Bags Market Taxonomy
4.3. North America Silo Bags Market Supply Chain

5. North America Silo Bags Market Dynamics
5.2. Drivers
5.3. Restraints
5.4. Opportunity
5.5. Trends

6. North America Silo Bags Market Analysis and Forecast, By Length Type
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Length Type
6.1.2. Y-o-Y Growth Projections By Length Type
6.2. North America Silo Bags Market Size (US$ Mn) and Volume (000 Units) Forecast By Length Type
6.2.1. 60 Meters
6.2.2. 75 Meters
6.2.3. 90 Meters
6.3. North America Silo Bags Market Attractiveness Analysis By Length Type
6.4. Prominent Trends

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