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The consumption of food grain is a significant part of the human diet. Grain cultivation has been gradually rising owing to development in production technology; however improper storing of food grain can results in high losses in grains. The increasing food grain loss is projected to drive the global market of grain silos in forthcoming years. According to World Bank Report, post-harvest food grains losses in India amount to 12 to 16 million metric tons per year.
The natural contamination of grains is significantly affected by environmental factors such as temperature, type of storage structure, pH, moisture, and others. The increasing incidences of food grain contamination due to various environmental factors are expected to drive the demand for efficient grain silos to reduce the spoilage. The prominent players operating in the market are embarking on the research and development of innovative silo material and mergers & acquisition activities to increase their footprint in the global grain silos market.
Storing food grain is an essential part of the farming system and it’s crucial for maintaining and keeping grains to confirm household food supply. The use of traditional grains storages made of wood, grass, and mud in emerging countries cannot ensure security against main storage pests such as insect’, rodents, and birds. Therefore, the demand for metal silos is expected to increase in forthcoming years. The grain silos consume less storage space compared to horizontal storage warehouses which is predicted to boost the demand for grain silos in forthcoming years. The use of grain silos is an effective solution and effective technique to reduce post-harvest grain spoilage. The usage of silos can support to strengthen food security in communities since it provides daily livelihood and economic support for small scale farmers. This is expected to be a favorable factor for market growth. Moreover, food grain silos are widely available in a variety of sizes, materials, and configurations comprising cone or flat bottom base, aerated and non-aerated, gas-tight sealable or non-sealed silos. The varieties of products offered by prominent market players are predicted to drive the global market of grain silos.
The high price of the product is predicted to restrain the market growth in emerging countries.
Key Market Driver -
Rising Demand for Grain Storage Products with Greater Storage Capacity & Less Space Occupancy
Key Market Restraint -
High Price of the Product
The prominent players operating in the global grain silos market are Superior Silo LLC, Sioux Steel Company, Nelson, P+W Metallbau GmbH & Co. KG, Rostfrei Steels, Silos Cordoba, Hanson Silo Company, CST Industries, Symaga, Ahrens Agri, Silos Cordoba, and Others.
The use of metal grain silos is expected to hold a significant share in the global market of grain silos. The use of metal grain silo offers grains protection for both long-time and short storage against insect, animal, and pest damage which is expected to increase the demand for metal silos. Usually, metal silos are prepared by galvanized steel sheets of different thicknesses and fabricated in different sizes. Moreover, the galvanized-steel is steel that has been coated with a layer of zinc to prevent it from corrosion or rusting. The great food grain security ensures by metal grain silos is predicted to boost the sale of the metal grain silos.
A flat bottom grain silo is expected to witness considerable growth in the global market of grain silo. A flat-bottom silo has a lower cost of storing. Hence, a flat bottom silo is the most suitable choice for short as well as long-term grain storage. In addition, flat-bottom storage is easier to construct and grain can be stored safely for an unlimited period of time. Moreover, the demand for hopper bottom grain silo is increasing due to its simple unloading process which is predicted to boost the sale of hopper bottom grain silo.
Asia Pacific is anticipated to grow at a crucial pace in the global market of grain silos during the forecast years. The increasing post-harvest grain losses due to some environmental conditions, pest, rodents, and others is expected to drive the demand for grain silos in forthcoming years. For instance, according to an Indian Ministry of Consumer Affairs, around 57,676 metric tons of food grains were damaged due to pest and rodent attacks, leakage of godowns, and exposure to rain and floods which was stored in Food Corporation of India (FCI) godowns. The increasing concerns over food grain spoilage are predicted to boost the sale of grain silos within the region.
North America is anticipated to hold a prominent share in the global grain silos market. The presence of prominent market players coupled with the ease of availability of efficient grain silo containing electrical loaders and dischargers, moisture sensors, grain level sensors, computer system, aerators cameras, and dryers are predicted boost the sale of grain silos within the region. Moreover, the steadily increasing grain production is predicted to boost the demand for grain silos within North America.
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