The global silage bags market is set to experience substantial growth, propelled by a projected value CAGR of 4.9% across the assessment period of 2022-2032. According to insights from Future Market Insights (FMI), the market, valued at US$ 558 million in 2022, is anticipated to reach a valuation of US$ 900.27 million by 2032.
Silo bags, a staple in the agricultural sector for decades, offer an efficient solution for storing green fodder for cattle and various grain commodities including corn, wheat, barley, soybeans, and sunflower seeds. Their popularity stems from their ability to provide a secure storage environment, guarding against spillage and the threat of pests, particularly rats, commonly encountered in traditional warehouse storage methods.
With the agricultural landscape evolving and embracing innovative storage solutions, the demand for silage bags is expected to witness a substantial surge. This growth trajectory is further fueled by the expanding adoption of silo bags in grain storage applications, where they offer unparalleled convenience and reliability.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-3168
Nearly one-third of all food produced each year is lost or spoils before it can be eaten, according to the World Food Program USA. At harvest time, millions of people in low-income nations experience food waste.
Market Dynamics
Silage bags market is expected to witness hike in terms of demand due to its convenient storage qualities. Silage bags are used for the storage of agricultural products like food grains, crops, etc. apart from feed and fodder. The increasing demand of the agricultural products and reduction in the production of the feed and fodder crops is expected to fuel the demand for silage bags market.
The attributes of silage bags that are support its demand includes low cost investment, minimum space requirement, ease of handling, etc.
Regions with high agricultural activities like India and Australia have increasing preference for silage bags for easy and safe techniques for the storage of their farm products.
Region Wise Outlook
On the basis of geographical regions, the silage bags market is divided into following regions: North America, Latin America, Europe, Asia Pacific and Middle East.
Asia’s large and growing population coupled with rising incomes and a rapidly growing middle class is expected to drive the demand for silage bags market. Silage bag market is therefore anticipated to be dominated by Asia Pacific region during the forecast period. The world’s growing economy like India and China is also expected to boost the silage bags market in the coming years.
Silage Bags Market: Key Players
The key players in the silage bags market includes
- RKW groups (Germany),
- Silo Bags International limited (China),
- Silo Bags India (India),
- Flex Pack (Holland),
- Silo bag grain (Australia),
- Grain Bags Canada (Canada),
- The Panama Group (India),
- Ipesa – Rio Chico S.A. (Argentina), etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/3168
Market Segmentation:
Based on capacity:
- Small : 100 to 140 tons
- Large : 150 to 200 tons
- Very large : 210 to 250 tons
Based on grain types:
- Dry grains
- Wet grains
- Crushed grains
- Dried fruits
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube