Grain Storage Silos Market Share, Trends (2022-27) | Industry Growth

 

Market Overview:

During the forecast period, it is expected that the market for grain storage silos will expand at a 4.5% CAGR (2022–2027).

Despite having an impact on the silos business, the COVID-19 pandemic had little to no effect on the silos supply chain or its international operations. The market for grain storage silos was less affected by the pandemic as a result of lockdown restrictions that exempted food and agricultural services. The pandemic had an effect on the silos market in 2020, which moved slowly and with little turbulence. The market under study is gradually recovering and gaining momentum, with rising demand for grain storage as a result of better economic conditions. During the forecast period, a favourable outlook is anticipated.

Scope of the Report:

The industry of grain storage facilities, which increases the supply of agricultural output when necessary, includes the grain storage silos market as a significant subset. Silos are a long-term cost-effective storage option that require less space on the ground when land is limited and storage costs are high.

The market for grain storage silos is divided into three categories: type (steel silos, metal silos, and other types), product (feed hoppers, flat bottom silos, and farm silos), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). For each of the aforementioned market segments, the report provides market size and forecasts in terms of value (USD million).

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