What Has Been The Evolution of the Grain Storage Silos Market in Recent Years?
The grain storage silos market has seen considerable growth due to a variety of factors.
• Over the recent years, there has been robust growth in the market size of grain storage silos. The market, which stood at $1.58 billion in 2024, is predicted to swell to $1.66 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 5.2%.
The significant growth in the previous period is credited to several factors such as the growth of the animal feed industry, a shift towards more sustainable farming methodologies, more efficiency in the global supply chain, an uptick in export activities, and an increased awareness about food waste.
What Is the Forecasted Market Size and Growth Rate for The Grain Storage Silos Market Size In The Coming Years?
The grain storage silos market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for grain storage silos is projected to experience consistent growth in the coming years, increasing to $2.01 billion by 2029 with a compound annual growth rate (CAGR) of 4.9%.
This growth during the projected period can be traced back to factors such as heightened global demand for grains, an increase in agricultural production, governmental incentives and subsidies, expansive investments in agribusiness and escalating concerns about food security. Notable trends anticipated during this period include technological evolutions in storage solutions, the uptake of intelligent silos and vertical storage systems, advancements in grain drying technology, and better silo management software.
What Factors Are Driving Growth In The Grain Storage Silos Market?
The grain storage silos market is set to soar due to the intensification of agricultural productivity. This enhancement is attributed to technological innovation, advanced agricultural procedures, and the use of high-yield crop varieties. Grain storage silos play a significant role in this trend as they offer efficient storage solutions for harvested grains, diminish spoilage and waste, and provide effective management in balancing supply and demand all year round. For example, a report from the Department for Environment, Food and Rural Affairs, a UK-based government department, showed that agriculture added $15.3 billion (£13.9 billion) to the UK's economy in gross value added (GVA) at basic prices in 2022, a surge of $1.98 billion (£1.8 billion) since 2021. This constitutes a 15% increase. Moreover, the UK's total farming income (TIFF) experienced a growth of $1.2 billion (£1.1 billion), or 17%, ending up at $8.6 billion (£7.9 billion) in 2022. Consequently, the escalating agricultural productivity is fuelling the growth of the grain storage silos market.
What Are The Main Segments Of The Global Grain Storage Silos Market?
The grain storage silosmarket covered in this report is segmented –
1) By Product Type: Flat Bottom Silos, Hopper Silos, Grains Bins, Other Product Types
2) By Capacity: Below 50 Tons, 50-300 Tons, 301-1000 Tons, Above 1000 Tons
3) By Application: Farm, Large Ports, Food Industry, Other Applications
Subsegments:
1) By Flat Bottom Silos: Large Capacity Flat Bottom Silos, Medium Capacity Flat Bottom Silos, Small Capacity Flat Bottom Silos
2) By Hopper Silos: Conical Hopper Silos, Mass Flow Hopper Silos, Standard Hopper Silos
3) By Grain Bins: Steel Grain Bins, Galvanized Grain Bins, Fabricated Grain Bins
4) By Other Product Types: Silos with Aeration Systems, Modular Silos, Portable Silos, Integrated Storage Solutions
Pre-Book The Grain Storage Silos Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing The Grain Storage Silos Market?
Leading corporations in the grain storage silos market are concentrating on creating high-tech solutions, namely grain monitoring systems, that offer instant data on crucial parameters. These systems have been engineered to observe and regulate vital components like temperature, moisture, and stock levels in grain storage facilities, ensuring maximum quality and minimizing wastage. For example, Embratel, a Brazilian digital solutions firm, introduced the Smart Silo in April 2024. This state-of-the-art monitoring system for grain storage uses Internet of Things (IoT) technology, big data, and artificial intelligence (AI) to maximize environmental conditions and safeguard the quality of stored grains. Providing real-time data on key measures such as temperature, humidity, and CO2 concentration, it enables farmers to make knowledge-based decisions and avoid losses from spoilage or gas emissions. The Smart Silo converts manual measurements into automated ones, enhancing operational efficiency and safety, thereby transforming how grain is managed in the agriculture industry.
Who Are the Key Players In The Grain Storage Silos Market?
Major companies operating in the grain storage silos market are:
• Ag Growth International Inc.
• Behlen Manufacturing Co.
• Sukup Manufacturing Co.
• Mysilo
• Chief Industries
• Ahrens Group Pty Ltd.
• Sioux Steel Company
• Roxell
• Agrosaw
• Symaga
• Alvan Blanch Development Co.
• Rostfrei Steels Co.
• Tornum AB
• Silos Cordoba Co.
• Superior Grain Equipment
• ABC Hansen Africa Ltd.
• Buschhoff
• Kotzur Pty Ltd.
• Moylan Grain Silos
• Mulmix Spa
• Nelson Silos
• Prado Silos
• RIELA
• SIMEZA Silos
• Stolz Engineering Pte Ltd.
What Is The Most Dominant Region In The Grain Storage Silos Market?
North America was the largest region in the grain storage silos market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grain storage silos market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
