Global Silo Bags Market, By Capacity (Up to 200 MT and Above 200 MT), Length Type (60 Meter, 75 Meter, and 90 Meter), Material Type (Polyethylene (PE) and Polypropylene (PP)), Application (Grain Storage, Forages Storage, Fertilizers Storage, Dried Fruits Storage, Wood Chips and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Silo Bags Market
Data Bridge Market Research analyses that the silo bags market will project a CAGR of 6.34% for the forecast period of 2021-2028. Rising expenditure for technological advancements in innovative packaging solutions, growth in the application of silo bags for a wide range of applications such as grain storage, forages storage, fertilizers storage, dried fruits storage, wood chips, and others, and growth in the awareness about wastage of grains during cultivation are the factors driving the growth of silo bags market.
Silo bags are the materials used for storage that reduces post-harvest losses. Silo bags serve as alternative to farmers and are made of laminated plastic sheets of three layers of either polyethylene or polypropylene material.
Rising adoption of internet of things technology in the agricultural sector is driving the growth in the silo bags market value. Growing focus of the farmers on harnessing advanced technologies will further expand the demand for silo bags. Increasing demand for convenient packaging solutions and growth and expansion of the packaging industry will further induce growth in the silo bags market value. Growth and expansion of e-commerce industry, especially in the developing economies, and increasing personal disposable income are some other indirect factors that will also promote the silo bags market growth rate. Increasing awareness about the quality of food grains will also bolster the silo bags market growth rate. Upsurge in the demand for food security and cost effectiveness of silo bags as compared to steel bins will also carve the way for the growth of the silo bags market.
However, these provide short term storage of grains, and this will create hindrances for the silo bags market growth rate. Rising safety concerns and issues will further dampen the silo bags market growth rate. Rising environmental concerns and stringent regulations pertaining to the use of plastic will also derail the silo bags market growth rate.
This silo bags market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on silo bags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Silo Bags Market Scope and Market Size
Global silo bags market is segmented on the basis of capacity, length type, material type, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on capacity, the silo bags market is segmented into up to 200 MT and above 200 MT.
- On the basis of length type, the silo bags market is segmented into 60 meter, 75 meter and 90 meters.
- On the basis of material type, the silo bags market is segmented into polyethylene (PE) and polypropylene (PP).
- Based on application, the silo bags market is segmented into grain storage, forages storage, fertilizers storage, dried fruits storage, wood chips and others.
Global Silo Bags Market Country Level Analysis
The global silo bags market is analysed and market size insights and trends are provided by country, capacity, length type, material type, and application as referenced above.
The countries covered in the silo bags market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region is dominating the silo bags market and will continue to flourish its trend of dominance during the forecast period owing to rise in demand storage purpose for short duration. Asia-Pacific will, however register the highest CAGR for the forecast period. This is because of the growth and expansion of agricultural industry, rising demand for convenient packaging solutions, and increasing personal disposable income.
The country section of the silo bags market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Silo Bags Market Share Analysis
The silo bags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to silo bags market.
The major players covered in the silo bags market report RKW Group, Panama Petrochem Ltd., Berry Global Inc., The rpc Group of Companies., GrainPro, Inc., Plastar S.A, CTM - Canadian Tarpaulin Manufacturers LTD., Up North Plastics, Inc., PLASTIKA KRITIS, IPESA, Instrumentación y Procesamiento Electrónico, S.A., GEM Silage Products, KSI Supply, Inc., Flex-Pack, Blue Lake Plastics LLC, Richiger, Silobag Systems., Silo Bag India Pvt. Ltd., IG Industrial Plastics, The Context Network, LLC, SIGMA STRETCH FILM and Panama Group among other global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor individually.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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