The market can be broadly categorised on the basis of its commodity type into:

Moreover, they offer minimal wastage while enhancing the durability of grains.īased on silos type, market is categorised into: They are more cost-effective method of crop storage than warehousing and is extensively used by farmers. They are typically deployed to protect and store the grains from external environmental factors. Grain silos and storage systems refer to systems that are used for bulk storage of grains. Grain Silos and Storage System: Market Segmentation Additionally, the rising availability of innovative systems that offer complete protection against natural elements while eliminating pathogen invasion is expected to provide lucrative growth opportunities to the market growth in the forecast period. As these storages have a low running cost due to large quantities and low labour requirements, they are extensively adopted by small farmers, which is augmenting the industry growth. The increasing awareness regarding the importance of efficient post-harvest management is surging the demand for grain silos and storage systems, which is aiding the market growth. This, in turn, is propelling the growth of the market. As the requirement for effectively storing grains to combat food shortages and global hunger is increasing, grain silos and storage systems are increasingly deployed to store crops while minimising wastage. With the rising cost-effectiveness of the system, their adoption among farmers is significantly increasing, which is propelling the market growth. The increasing use of grain silos and storage systems in the agricultural industry, especially in large-scale farming activities, is driving the market growth. Rising Use of Grain Silos and Storage Systems in Large-Scale Farming Activities Bolstering the Market Growth

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.70% to reach nearly USD 1.75 billion by 2027. The global grain silos and storage system market attained a value of about USD 1.33 billion in 2021. Global Grain Silos and Storage System Market Outlook

National average of value of farm silo