What is Silo Bags?
The silo-bags are a hermetic type of storage made with a plastic bag, with the shape of a tube, of 60 m long and 2.74 m diameter. The plastic cover is made of three layers white outside and black inside. Each bag can hold roughly 200 tonnes of grain and with the existing handling equipment. The new generation of high capacity combines found in the silo-bag system is the ideal partner, since the loading capacity of the bagging machine is basically limited to the transportation capacity between the combine and the place where the bag is filled. Several companies also developed machineries to unload the plastic bag transferring the grain directly from the silo-bag to the truck or wagon with a high capacity.
|Unit||Value (USD Million)|
|Key Companies Profiled||Silobag Systems (South Africa), RKW Groups (Germany), Shandong Shouguang Jianyuanchun Co., Ltd. (China), Silo Bag India Pvt. Ltd. (India), Silo Bag Grain (Australia), The Panama Group (India), Grain Bags Canada (Canada), IG Industrial Plastics, LLC (United States), Flex Pack (Holland) and Ipesa – Rio Chico S.A. (Argentina)|
The study covers a detailed analysis segmented by key business segments i.e. , by application (Dry Grains Storage, Wet Grains Storage, Fertilizer Storage, Dried Fruits Storage and Others [Crushed Grains, Forages, Wood Chips]) and major geographies. Research Analyst at AMA predicts that Indian Vendors will contribute to the maximum growth of Global Silo Bags market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Silo Bags market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Silobag Systems (South Africa), RKW Groups (Germany), Shandong Shouguang Jianyuanchun Co., Ltd. (China), Silo Bag India Pvt. Ltd. (India), Silo Bag Grain (Australia), The Panama Group (India), Grain Bags Canada (Canada), IG Industrial Plastics, LLC (United States), Flex Pack (Holland) and Ipesa – Rio Chico S.A. (Argentina).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies.
Growing Awareness among People Regarding the Wastage of Grains during Cultivation
Market Growth Drivers:
Huge Demand for Crops Due to Increasing Population
Steel Silos Are Able To Keep the Grains Safer As Compared To Normal Silo Bags
Limited Unitary Capacity of Silo Bags
Rising Demand for Convenience Packaging Among New Generation Farmers
Key highlights of the Global Silo Bags market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Silo Bags market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Silo Bags market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Silo Bags Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Silo Bags market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Silo Bags market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Silo Bags, Suppliers of Silo Bags, Wholesalers, Distributors and Retailers of Silo Bags, Agricultural Sector, Research Organizations and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.