Report Overview

Global Grain Silos and Storage System Market - Industry Trends & Forecast Report, 2028

Global grain silos and storage system market size was estimated to worth USD 1.48 billion in 2021. During the forecast period between 2022 and 2028, global grain silos and storage system market is expected to grow at a CAGR of 5.8% reaching a value of USD 2.18 billion by 2028. Major growth factors for global grain silos and storage system market include growing utilization of grain silos and storage systems in the large-scale agriculture, high adoption of storage system owing to its affordability, surging demand for adequate grain storage to combat food shortages, and rising global population. Furthermore, increasing use of grain silos and storage systems to store crops while minimizing waste, growing awareness of the necessity of effective post-harvest management coupled with increasing technological advancement to avoid contamination is fueling the global grain silos and storage system market during period in analysis.

Global Grain Silos and Storage System Market

Growth Drivers

Large-scale farming activities using grain silos and storage systems

The grain storage silos market growth has been fueled by a surging demand for grain storage from the global highest grain-producing countries, including the United States, Russia, Ukraine, India, and Brazil. Furthermore, rising input expenses and the necessity for large investment in grain storage have increased demand for silos across the globe. Silos are cost-effective grain storage types due to grain distribution automated processes, resulting in reduced operational expenses in the long term. The advantages of cost-effectiveness and silos' huge retention capacity are driving global demand for grain storage silos. Their use is increased in developing regions, where farmers grow large-scale agricultural land and preserve vast quantities of crops for a longer duration of time.

Restraints

High initial and setup costs

Smallholder farmers account for a vast majority of cultivators in emerging and under-developed economies. They lack the necessary resources and facilities to create huge quantities. These farmers are increasingly oblivious of the necessity of good grain storage and management. Small-scale farmers live in rural locations and have limited agricultural resources to build storage silos. According to JMS Equipment, based on the size and building materials, the budget capital cost of a cylindrical silo vessel might range from USD 50,000 for a compact bolted silo to over USD 1,000,000. Hence, a small-scale farmer cannot afford it. As a result, they continue to store their grains using traditional methods, which might result in a reduction of 8–10% of their crop.

Impact of COVID–19 on Global Grain Silos and Storage System Market

COVID-19 pandemic had a slight negative impact on the silos industry, but there was no major effect on the silos supply chain or worldwide operations. The grain storage silos market was less damaged by the pandemic owing to the exemption of food and agricultural services due to lockdown regulations. As a result of the epidemic, the silos market moved slowly and with little disruption in 2020. The market under consideration is steadily recovering and gaining traction, with growing demands for grain storage due to improved economic conditions. It is expected to fuel the growth of Global grain silos and storage system market.

Impact of Russia-Ukraine War on Global Grain Silos and Storage System Market

Global grain silos and storage system market is adversely affected by the ongoing war between Russia and Ukraine, the world’s two largest producers and suppliers of grains. Moreover, further intensity of the war is feared to trigger the global food crisis. According to US Embassy Georgia reports, Russia and Ukraine together held a significant share of 34% in global exports of wheat in 2021. Especially, in the global exports of sunflower cake, both the countries had a whopping 81% share. In addition, Ukraine and Russia held a combined significant market share in the global exports in maize, barley, sunflower oil, and vegetable oils. The report also estimated that Russia and Ukraine supplied about 12% of food calories traded across the globe in 2021.

Ukraine, in particular, is popularly known as the breadbasket of Europe, as the country is the region’s major source of wheat. Since the Russian invasion of Ukraine on February 24, 2022, there have been uncertainties over the supply of grains both from Ukraine and Russia to the world, and to Europe in particular. It has resulted in a significant rise in global food prices. Furthermore, besides experiencing food shortages due to expensive import costs, fiscal deficits, conflict, Middle East and North Africa confront an additional issue. Any interruption or decrease in grain supply from Ukraine and Russia will deny inhabitants in some of the world's most food-insecure countries the ability to produce bread and other daily necessities. Therefore, the continuous conflict between Ukraine and Russia is anticipated to affect the growth of global grain silos and storage system market.

Global Grain Silos and Storage System Market

Segmental Coverage

Global Grain Silos and Storage System Market - By Silo Type

Based on silo type, global grain silos and storage system market has Flat Bottom Silos, Hopper Silos, and Grain Bins segments. The flat bottom silo type segment is expected to dominate the market due to secure and long-term storage ability. Furthermore, as compared to other storage types, flat bottom silo type is convenient to produce and has a reasonable storage cost. As a result of these benefits, the category is likely to boost worldwide market expansion over the forecast period.

Global Grain Silos and Storage System Market - By Commodity Type

By commodity type, global grain silos and storage system market is Rice, Maize, Wheat, Soybean, and Sunflower. Maize segment is expected to dominate the market due to its utilization in developed and underdeveloped countries. It is also used in livestock feed and refined into a variety of food and commercial goods, including starch, sweeteners, maize oil, beverage and industrial alcohol, and fuel ethanol. Followed by the soybean segment which is expected to hold the highest market share during the forecast period. Soybeans are oilseed crops that produce 20% oil when crushed and the remaining 80% is soybean meal, often used to feed livestock such as poultry, cattle, and pork. However, oil is a component of many food products, including cooking oil, mayonnaise, and prepared foods. Furthermore, it is employed in non-food sectors like as paints, soaps, and polymers.

Global Grain Silos and Storage System Market - By Region

Geographically, global grain silos and storage system market covers five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. North America dominates the market due to the region's increasing technological improvements. The Asia-Pacific regional market for grain silos and storage systems is expanding due to rising demand for agricultural and food commodities and services, as well as rising population rates and income levels. Furthermore, increased consumption of crops, such as rice, maize, and wheat, as well as supportive farmer initiatives, are driving market growth.

Competitive Landscape

Competition in global grain silos and storage system market is highly intense. Prominent players in the market include AGCO Corporation, Silos Córdoba, Bentall Rowlands Silo Storage Ltd, Symaga SA, Sioux Steel Company, SCAFCO Grain Systems Co., Agi, Mysilo, Skup Manufacturing Co., Prive SA, Brock Grain Systems, Scafco Grain Equipment, Prado Silos, Behlen Mfg. Co., Sioux Steel Company, Superior Grain Equipment, Symaga, and Hoffmann, Inc. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

Recent Developments

• In 2021 - In India, National Commodities Management Services Limited (NCML), the country's leading private agriculture post-harvest management organization, installed four public storage silos in Haryana.

Scope of the Report

By Silo Type

• Flat Bottom Silos

• Hopper Silos

• Grain Bins

• Others (Bags, Bunkers, Towers, Synthetic silos)

By Commodity Type

• Rice

• Maize

• Wheat

• Soybean

• Sunflower

• Others (Barley, Sorghum)

By Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

1. Research Framework
   1. Research Objective
   2. Type Overview
   3. Market Segmentation
2. Executive Summary
3. Global Grain Silos and Storage System Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Post-Harvest Losses and Food Wastage to Drive Grain Silos Sales
         2. Large-Scale Farming Activities Using Grain Silos and Storage Systems
      2. Restraints
         1. High initial and setup expenditure
      3. Opportunities
         1. Rapid technology advancements and silo-specific characteristics
         2. Governments in several nations have taken steps to build grain silos.
      4. Challenges
         1. Safety risks posed by sealed silos to decrease their demand
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Global Grain Silos and Storage System Market Overview
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Silo Type
         1. Flat Bottom Silos
         2. Hopper Silos
         3. Grain Bins
         4. Others (Bags, Bunkers, Towers, Synthetic silos)
      2. By Commodity Type
         1. Rice
         2. Maize
         3. Wheat
         4. Soybean
         5. Sunflower
         6. Others (Barley, Sorghum)
      3. By Region
         1. North America
         2. Europe
         3. Asia Pacific
         4. Latin America
         5. Middle East and Africa
5. North America Grain Silos and Storage System Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Silo Type
      2. By Commodity Type
      3. By Country
         1. United States
            1. By Silo Type
            2. By Commodity Type
         2. Canada
            1. By Silo Type
            2. By Commodity Type
6. Europe Grain Silos and Storage System Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Silo Type
      2. By Commodity Type
      3. By Country
         1. Germany
            1. By Silo Type
            2. By Commodity Type
         2. United Kingdom
            1. By Silo Type
            2. By Commodity Type
         3. Italy
            1. By Silo Type
            2. By Commodity Type
         4. France
            1. By Silo Type
            2. By Commodity Type
         5. Spain
            1. By Silo Type
            2. By Commodity Type
         6. The Netherlands
            1. By Silo Type
            2. By Commodity Type
         7. Belgium
            1. By Silo Type
            2. By Commodity Type
         8. NORDIC Countries
            1. By Silo Type
            2. By Commodity Type
         9. Rest of Europe
            1. By Silo Type
            2. By Commodity Type
7. Asia-Pacific Grain Silos and Storage System Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Silo Type
      2. By Commodity Type
         1. China
            1. By Silo Type
            2. By Commodity Type
         2. India
            1. By Silo Type
            2. By Commodity Type
         3. Japan
            1. By Silo Type
            2. By Commodity Type
         4. South Korea
            1. By Silo Type
            2. By Commodity Type
         5. Australia & New Zealand
            1. By Silo Type
            2. By Commodity Type
         6. Indonesia
            1. By Silo Type
            2. By Commodity Type
         7. Malaysia
            1. By Silo Type
            2. By Commodity Type
         8. Singapore
            1. By Silo Type
            2. By Commodity Type
         9. Philippines
            1. By Silo Type
            2. By Commodity Type
         10. Vietnam
             1. By Silo Type
             2. By Commodity Type
         11. Rest of Asia Pacific
             1. By Silo Type
             2. By Commodity Type
8. Latin America Grain Silos and Storage System Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Silo Type
      2. By Commodity Type
         1. Brazil
            1. By Silo Type
            2. By Commodity Type
         2. Mexico
            1. By Silo Type
            2. By Commodity Type
         3. Argentina
            1. By Silo Type
            2. By Commodity Type
         4. Peru
            1. By Silo Type
            2. By Commodity Type
         5. Colombia
            1. By Silo Type
            2. By Commodity Type
         6. Rest of Latin America
            1. By Silo Type
            2. By Commodity Type
9.  Middle East & Africa Grain Silos and Storage System Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Silo Type
      2. By Commodity Type
         1. Saudi Arabia
            1. By Silo Type
            2. By Commodity Type
         2. UAE
            1. By Silo Type
            2. By Commodity Type
         3. Qatar
            1. By Silo Type
            2. By Commodity Type
         4. Kuwait
            1. By Silo Type
            2. By Commodity Type
         5. Iran
            1. By Silo Type
            2. By Commodity Type
         6. South Africa
            1. By Silo Type
            2. By Commodity Type
         7. Nigeria
            1. By Silo Type
            2. By Commodity Type
         8. Kenya
            1. By Silo Type
            2. By Commodity Type
         9. Egypt
            1. By Silo Type
            2. By Commodity Type
         10. Morocco
             1. By Silo Type
             2. By Commodity Type
         11. Algeria
             1. By Silo Type
             2. By Commodity Type
         12. Rest of Middle East & Africa
             1. By Silo Type
             2. By Commodity Type
10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Grain Silos and Storage System Company Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Covid-19 on Global Grain Silos and Storage System Market
12. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. AGCO Corporation.
    2. Silos Córdoba
    3. Bentall Rowlands Silo Storage Ltd
    4. Symaga SA
    5. Sioux Steel Company
    6. SCAFCO Grain Systems Co.
    7. Agi
    8. Mysilo
    9. Skup Manufacturing Co.
    10. Prive SA
    11. Brock Grain Systems
    12. Scafco Grain Equipment
    13. Prado Silos
    14. Behlen Mfg. Co.
    15. Sioux Steel Company
    16. Superior Grain Equipment
    17. Symaga
    18. Hoffmann, Inc
    19. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figure

Figure 1      Global Grain Silos and Storage System Market Segmentation

Figure 2      Global Grain Silos and Storage System Market Value Chain Analysis

Figure 3      Company Market Share Analysis, 2021

Figure 4      Global Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028

Figure 5      Global Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028

Figure 6      Global Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028

Figure 7      Global Grain Silos and Storage System Market Share, By Region, By Value, 2018–2028

Figure 8      North America Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028

Figure 9      North America Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028

Figure 10    North America Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028

Figure 11    North America Grain Silos and Storage System Market Share, By Country, By Value, 2018–2028

Figure 12    Europe Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028

Figure 13    Europe Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028

Figure 14    Europe Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028

Figure 15    Europe Grain Silos and Storage System Market Share, By Country, By Value, 2018–2028

Figure 16    The Asia-Pacific Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028

Figure 17    The Asia-Pacific Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028

Figure 18    The Asia-Pacific Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028

Figure 19    The Asia-Pacific Grain Silos and Storage System Market Share, By Country, By Value, 2018–2028

Figure 20    Latin America Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028

Figure 21    Latin America Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028

Figure 22    Latin America Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028

Figure 23    Latin America Grain Silos and Storage System Market Share, By Country, By Value, 2018–2028

Figure 24    Middle East and Africa Grain Silos and Storage System Market Size, By Value (USD Million), 2018–2028

Figure 25    Middle East and Africa Grain Silos and Storage System Market Share, By Silo Type, By Value, 2018–2028

Figure 26    Middle East and Africa Grain Silos and Storage System Market Share, By Commodity Type, By Value, 2018–2028

Figure 27    Middle East and Africa Grain Silos and Storage System Market Share, By Country, By Value, 2018–2028

List of Tables

Table 1       Global Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028

Table 2       Global Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028

Table 3       Global Grain Silos and Storage System Market Size, By Region, By Value, 2018–2028

Table 4       North America Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028

Table 5       North America Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028

Table 6       North America Grain Silos and Storage System Market Size, By Country, By Value, 2018–2028

Table 7       Europe Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028

Table 8       Europe Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028

Table 9       Europe Grain Silos and Storage System Market Size, By Country, By Value, 2018–2028

Table 10     The Asia-Pacific Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028

Table 11     The Asia-Pacific Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028

Table 12     The Asia-Pacific Grain Silos and Storage System Market Size, By Country, By Value, 2018–2028

Table 13     Latin America Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028

Table 14     Latin America Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028

Table 15     Latin America Grain Silos and Storage System Market Size, By Country, By Value, 2018–2028

Table 16     Middle East and Africa Grain Silos and Storage System Market Size, By Silo Type, By Value, 2018–2028

Table 17     Middle East and Africa Grain Silos and Storage System Market Size, By Commodity Type, By Value, 2018–2028

Table 18     Middle East and Africa Grain Silos and Storage System Market Size, By Country, By Value, 2018–2028

Table 6       AGCO Corporation. Company Overview

Table 7       AGCO Corporation. Financial Overview

Table 8       Silos Córdoba Company Overview

Table 9       Silos Córdoba Financial Overview

Table 10     Bentall Rowlands Silo Storage Ltd Company Overview

Table 11     Bentall Rowlands Silo Storage Ltd Financial Overview

Table 12     Symaga SA Company Overview

Table 13     Symaga SA Financial Overview

Table 14     Sioux Steel Company Overview

Table 15     Sioux Steel Company Financial Overview

Table 16     SCAFCO Grain Systems Co. Company Overview

Table 17     SCAFCO Grain Systems Co. Financial Overview

Table 18     Agi Company Overview

Table 19     Agi Financial Overview

Table 20     Mysilo Company Overview

Table 21     Mysilo Financial Overview

Table 22     Skup Manufacturing Co. Company Overview

Table 23     Skup Manufacturing Co. Financial Overview

Table 24     Prive SA Company Overview

Table 25     Prive SA Financial Overview

Table 39     Brock Grain Systems Company Overview

Table 40     Brock Grain Systems Financial Overview

Table 41     Scafco Grain Equipment Company Overview

Table 42     Scafco Grain Equipment Financial Overview

Table 43     Prado Silos Company Overview

Table 44     Prado Silos Financial Overview

Table 45     Behlen Mfg. Co. Company Overview

Table 46     Behlen Mfg. Co. Financial Overview

Table 47     Sioux Steel Company Company Overview

Table 48     Sioux Steel Company Financial Overview

Table 49     Superior Grain Equipment Company Overview

Table 50     Superior Grain Equipment Financial Overview

Table 51     Symaga Company Overview

Table 52     Symaga Financial Overview

Table 53     Hoffmann, Inc Company Overview

Table 54     Hoffmann, Inc Financial Overview