The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
LONDON, Sept. 27, 2023 /PRNewswire/ -- As per The Business Research Company's Grain Silos And Storage System Global Market Report 2023, the global grain silos and storage system market is set to flourish, with a projected increase from $1.50 billion in 2022 to $1.61 billion in 2023, driven by a robust compound annual growth rate (CAGR) of 6.7%. The grain silos and storage system market's upward trajectory is expected to continue, reaching an impressive $2.01 billion in 2027, with a CAGR of 5.7%. The rising trend in crop production stands as a key driver for the grain silos and storage systems market.
Grain Silos And Storage System Market Driver – Rise In Crop Production
As agricultural productivity soars, the demand for efficient storage solutions to safeguard and manage larger grain volumes becomes imperative. Grain silos emerge as crucial components, providing protection against spoilage, pests, and adverse weather conditions. They ensure that surplus harvests can be stored securely for extended periods. For instance, the International Grains Council's May 2023 report forecasts a global grain production of 2.294 billion metric tons for the 2023-24 season, up from 2.254 billion tons in the previous season and a record-setting 2.293 billion tons in 2021-22.
Learn More On The Grain Silos And Storage System Market Report –
https://www.thebusinessresearchcompany.com/report/grain-silos-and-storage-system-global-market-report
Market Trend – Smart Grain Monitoring System
Growing awareness of food security and the imperative to minimize post-harvest losses have driven the adoption of grain silos and storage facilities worldwide. Providers in the grain silos and storage system market are focusing on smart grain monitoring systems to enhance product efficiencies. These systems offer real-time readings and alerts, empowering farmers to address issues promptly and prevent grain spoilage and losses. A notable example is TeleSense, a US-based company that launched the user-friendly Cellular SensorSpear for monitoring and protecting post-harvest grain.
Grain Silos And Storage System Market Segmentation
The global grain silos and storage system market is thoughtfully segmented into four key categories:
- By Silo Type: Flat Bottom Silos, Hopper Silos, Grain Bins, Other Silo Types
- By Commodity Type: Rice, Maize, Wheat, Soybean, Sunflower, Other Commodity Types
- By Product Type: Steel Silos, Metal Silos
- By Applications: Agriculture, Commerce
Request A Free Sample Of The Grain Silos And Storage System Market Report – https://www.thebusinessresearchcompany.com/sample.aspx?id=10294&type=smp
Asia Pacific Leads Grain Silos And Storage System Market
Asia Pacific emerged as the largest region in the grain silos and storage systems market, accounting for 38.4% of the global grain silos and storage system market in 2022. It was followed by North America, Western Europe, and other regions. Looking ahead, Asia Pacific and the Middle East are anticipated to be the fastest-growing regions, with CAGRs of 7.4% and 6.4%, respectively, from 2022 to 2027.
The grain silos and storage system global market report 2023 not only offers a panoramic view of market trends but also provides actionable insights for players eager to shape the future of agricultural storage. By utilizing the strategies and market intelligence presented herein, industry participants can position themselves as key contributors to the global grain silos and storage system market's remarkable journey.
For industry leaders and newcomers alike, the Grain Silos and Storage System Global Market Report 2023 serves as a compass, guiding them towards innovative solutions, sustainable practices, and strategic collaborations.
View More Similar Market Reports:
Grain Products Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/grain-products-global-market-report
Grain Farming Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/grain-farming-global-market-report
Grain Processing Equipment Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/grain-processing-equipment-global-market-report
Interested to know more about The Business Research Company?
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
The World's Most Comprehensive Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 58 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users make better strategic decisions.
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Logo: https://mma.prnewswire.com/media/1751581/tbrc_logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/global-grain-silos-and-storage-system-market-flourishes-with-increasing-crop-production--by-the-business-research-company-301940537.html
Voltar noticias em Inglês