Global Grain Silos and Storage System Market Insights Forecasts to 2033

• The Global Grain Silos and Storage System Market Size was Valued at USD 1.51 Billion in 2023
• The Market Size is Growing at a CAGR of 5.04% from 2023 to 2033
• The Worldwide Grain Silos and Storage System Market Size is Expected to Reach USD 2.47 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Grain Silos and Storage System Market Size is Anticipated to Exceed USD 2.47 Billion by 2033, Growing at a CAGR of 5.04% from 2023 to 2033.

Market Overview

Grain silos and storage systems are infrastructures that preserve grains and other materials in large quantities or powder form, including cement, calcium oxide, calcium hydroxide, activated carbon, plastic resins, and others. Agricultural companies utilize these to store significant amounts of grain. Farmers and food processors use grain silos, which are enormous containers intended for storing bulk materials such as grains or fermented feed, to store grains for an extended period. The main purpose of grain silos and storage system installation is to safeguard and preserve grains from adverse environmental conditions. The market is expanding due to a growing emphasis on new farming technologies. The consumption of cereal grains is an important aspect of the human diet. Grain production has steadily increased as manufacturing technology has advanced; yet, incorrect food grain storage can result in significant grain losses. In the future years, the global market for grain silos is expected to grow due to increased food grain loss. Storing food grain is an integral aspect of the farming system, and the preservation and storage of grains must ensure household food security. Traditional grain storage composed of wood, grass, and mud in developing nations cannot protect against major storage pests such as insects, rats, and birds. Therefore, the need for metal silos is going to expand in the coming years. Grain silos require less storage area than horizontal storage warehouses, which is expected to increase demand for grain silos in the coming years.

Report Coverage

This research report categorizes the market for the global grain silos and storage system market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global grain silos and storage system market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global grain silos and storage system market.

Driving Factors

The market for grain silos and storage systems will see revenue growth as a result of increased high-quality grain output achieved through effective post-harvest and storage systems. The market will expand more quickly due to the increase in demand for affordable, large-capacity storage. People's rising levels of disposable income and rapid urbanization are the two main market factors that will accelerate growth. Moreover, rising post-harvest losses and food waste would encourage the sale of grain silos, which will accelerate the market's growth for storage systems and grain silos. Other reasons, such as a surge in the number of applications from rising economies, will boost the expansion rate of the grain silos and storage system market. Furthermore, rapid improvements and technological developments in silos' features will generate profitable and remunerative growth prospects for the grain silos and storage system market throughout the forecast period. Furthermore, an increase in the number of government initiatives in many nations to establish grain silos will drive new growth prospects in the coming year.

Restraining Factors

The substantial upfront investment needed for equipment and installation has an impact on demand in underdeveloped nations, preventing the growth rate of the grain silos and storage system market. Furthermore, the safety risk created by sealed silos will significantly impede market growth. For companies in the grain storage industry, the cost of compliance which includes certification procedures, audits, and continuous observation increases operating expenses. Despite these obstacles, industry participants are forced to accept compliance as a non-negotiable component of their business practices as they understand that it not only guarantees legal observance but also cultivates consumer confidence in the security and caliber of grains that have been stored. Businesses that take a proactive approach to addressing compliance issues will be able to withstand changes in the regulatory landscape and remain competitive in an industry that requires the highest standards.

Market Segmentation

The global grain silos and storage system market share is classified into type and commodity.

• The flat-bottom silo segment is expected to dominate the global grain silos and storage system market during the forecast period.   

Based on the type, the global grain silos and storage system market is divided into flat-bottom silo, hopper silo, grain bins, and other silo types. Among these, the flat-bottom silo segment is expected to dominate the global grain silos and storage system market during the forecast period. Their design enables the optimal recovery and usage of stored grains. This type is ideal for massive operations storage facilities when capacity is a top priority.

• The maize segment accounted for the largest revenue share of the global grain silos and storage system market during the forecast period.   

Based on the commodity, the global grain silos and storage system market is divided into rice, wheat, maize, soybean, sunflower, and other commodity types. Among these, the maize segment accounted for the largest revenue share of the global grain silos and storage system market during the forecast period. Maize provides the most income since it is used in both developed and developing countries. It is also processed into a variety of food and commercial goods, including sweets, starch, maize oil, drinking and industrial alcohols, and fuel ethanol. It is also used for cattle feed.

Regional Segment Analysis of the Global Grain Silos and Storage System Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global grain silos and storage system market over the predicted timeframe.

North America is anticipated to hold the largest share of the global grain silos and storage system market over the predicted timeframe. The presence of important market participants, together with the ease of availability of efficient grain silos that include electrical loaders and dischargers, moisture sensors, grain level sensors, computer systems, aerators, cameras, and dryers, is expected to improve grain silo sales in the region. Furthermore, the continually expanding grain production is expected to stimulate demand for grain silos in North America. Due to its high capacity for both on- and off-farm storage and its position as the largest regional producer of grains, the US leads the market in terms of revenue contribution. Demand in this market is also positively impacted by the existence of an organized agriculture sector and rising grain output, including corn, wheat, sorghum, barley, and oats. Aside from the United States, Canada is a prominent player in the regional market. The carbon tax on drying crops in Canada, which raises the cost of production, is a major factor in the US market's larger size. Therefore, during the forecast period, these variables are probably going to have an impact on market growth.

Asia Pacific is expected to grow at the fastest CAGR in the global grain silos and storage system market during the forecast period. The region's rapidly urbanizing population, growing standard of living, and increasing disposable income. The increasing demand for grain storage solutions in emerging economies such as India and China is propelling the market in Asia-Pacific. The increasing temperatures and rising middle classes in these countries have created a greater demand for effective grain storage systems to prevent rotting and ensure food safety. Furthermore, China's grain silos storage system market had the highest market share, while India's grain silos storage system market was the fastest expanding in the Asia-Pacific region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global grain silos and storage system market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• AGCO Corporation
• Behlen Mfg. Co.
• Polent SP Zoo
• Prado Silos
• SCAFCO Grain Systems Co.
• Sioux Steel Company
• Bentall Rowlands Silo Storage Ltd.
• Brock Grain Systems Inc.
• Dehsetiler Makina
• Hoffmann Inc.
• Mulmix Srl
• Ag Growth International Inc.
• Buhler Holding AG
• Wieser Concrete Products Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2022, Sioux Steel Co. purchased SCAFCO Grain Systems Co., situated in the United States. With locations in over 80 nations, SCAFCO provides a range of grain bins, structures, handling tools, drying technology, and accessories. As a result, acquiring SCAFCO goods, machinery, and plants will rapidly improve Sioux Steel's capacity to provide products to customers globally.

• In September 2021, Riviana Foods Inc., a subsidiary of Madrid-based Ebro Foods, SA, has built two new silos at its wild rice operation in Minnesota, United States. It would boost the building's storage capacity by more than half.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global grain silos and storage system market based on the below-mentioned segments: 

Global Grain Silos and Storage System Market, By Type

• Flat Bottom Silo
• Hopper Silo
• Grain Bins
• Other Silo Types

Global Grain Silos and Storage System Market, By Commodity

• Rice
• Wheat
• Maize
• Soybean
• Sunflower
• Other Commodity Types

Global Grain Silos and Storage System Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa