Silo Bags Market - Forecasts from 2019 to 2024

The silo bags market is estimated to grow at a CAGR of 5.04% to reach US$770.338 million in 2024 from US$ 573.843 million in 2018.Silo bags are flexible and extended plastic bags used for packaging and protection of products in bulk like grains, fertilizers and forage. Silo bags protect the products from external damage as well as UV rays further enhancing the shelf life of the product. Additionally, it helps to retain the grain moisture content during the storage period. The growing awareness regarding wastage of grains and other items during storage coupled with rising agriculture industry in developing regions is expected to drive the market for silo bags in the upcoming years. Asia-Pacific region is expected to be a prominent region owing to the large-scale agricultural activities in countries like India. Europe and North America are also projected to hold a significant share in the silo bags market during the forecast period.

Drivers

Growing agriculture industry.

Restraints

Stringent regulation on use of plastic.

The major players profiled in the silo bags market include Ipesa Silo, Panama Group, Silo Bag India Private Limited, GEM Silage Products, Up North Plastics Inc., Shandong Shouguang Jianyuanchun Co. Ltd.

Segmentation

The silo bags market has been analyzed through the following segments:

By Material Type

Polypropylene
Polyethylene

By Length Type

60 Meters
75 Meters
90 Meters and above

By Application

Fertilizer Storage
Grain Storage
Forage Storage
Others

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others