Size of the worldwide Silo Bags Industry is anticipated to surge at a CAGR of 6.6% from 2023 to 2033. According to projections, the market would be worth US$ 1,783.5 million by 2033, up from US$ 938.3 million in 2023. It had a value of US$ 872.0 million at the end of 2022, and in 2023, it is expected to rise by 7.6% year over year.
Rising demand for convenience packaging is also expected to drive the global silo bags industry. New-generation farmers expect flexible plastic sheets, low cost, high performance, and less space requirement.
The growing prominence of silo bags can be attributed to their exceptional flexibility and versatility. These bags offer farmers the flexibility to store their grains in a variety of locations, even in proximity to their fields. This strategic advantage not only minimizes transportation costs but also enhances logistical efficiency, making silo bags an increasingly popular choice in the agricultural sector.
Due to their ability to quickly fix tears and holes, they are in great demand by silo bag users in the North American market. KSI Supply, INC. and RKW Hyplast NV are a couple of key players who came up with this innovative idea and leading it to great success.
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Automated Filling and Emptying Systems Trending
Enhancing silo bag operations, automated systems streamline filling and emptying processes, eliminating the need for manual labour. This not only saves time and money but also mitigates the risk of human error.
Moreover, these automated systems contribute to the safety of silo bag operations by preventing human entry during filling or emptying, reducing the potential for accidents like falls or suffocation. The integration of automation not only enhances operational efficiency but also prioritizes safety protocols in silo bag handling.Top of Form
Sustainable Farming Boosts Eco-friendly Silo Bags
Growing focus on sustainable agriculture has led to increased adoption of eco-friendly silo bags. Eco-friendly silo bags are made from biodegradable, compostable, or recyclable materials. They also have a lower environmental impact compared to traditional plastic silo bags.
For example, a few manufacturers have started producing silo bags made from biodegradable materials. These are mainly derived from renewable resources such as cornstarch or sugarcane. These bags can be composted after use, reducing the amount of waste in landfills.
Another example is the use of recycled plastic in silo bags, which helps reduce plastic waste in the environment. By using eco-friendly silo bags, farmers can contribute to sustainable agriculture practices and reduce their environmental footprint.
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Key Market Players
- Berry Global Inc.
- IG Industrial Plastics, LLC
- Canadian Tarpaulin Manufacturers Ltd.
- Poly-Ag Corp.
- Pacifil Brasil
- Agroflex
- Planet Plastic LLC
- ARGSELMASH
- Up North Plastics, Inc.
- Seed & Forage Bags Australia Pty Ltd.
- Polypropylene Products and Polypropylene Bags
- Shanghai HiTeC Plastics Co., Ltd.
- Shandong Longxing Plastic Film Technology Corp. Ltd.
- Rishi FIBC Solutions Pvt. Ltd
- IPESA USA LLC
- RKW Group
Competitive Landscape
To ensure the safe storage of grains for extended durations, silo bag producers might concentrate on developing bags with premium materials and increased durability. Manufacturers can meet various demands of farmers and grain producers by providing a variety of bag sizes and capacities.
Adding UV protection and specific coatings to these bags can lengthen their lifespan and shield the grains inside from outside influences. To make bags more effective and user-friendly, manufacturers can spend money on research & development to improve bag design, materials, and manufacturing techniques.
For instance,
- RKW HydroSpun GmbH was purchased by the AGRO Group, based in Bad Essen, in April 2022. It will start making spun bond nonwovens on its own.
Silo Bags Industry Segmentations:
By Material:
- Low-density Polyethylene (LDPE)
- Linear Low-density Polyethylene (LLDPE)
- Others (High-density Polyethylene (HDPE), Polypropylene (PP))
By Capacity:
- Less than 100 Tons
- 100 to 200 Tons
- 201 to 250 Tons
- Above 250 Tons
By Layer:
- 3 Layer
- 5 Layer
- 7 Layer
By Application:
- Cereals
- Pulses
- Legumes
- Oilseed
- Cottonseed
- Fertilizers
- Coal
- Cement
- Woodchip
- Fodder
- Other Grain Products
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