Published on : Jan 02, 2018
ALBANY, New York, Jan 02, 2018: As per a new research report, recently added to the vast depository of ResearchMoz.us, the global market for silo bags is registering a tremendous growth and is projected to remain expanding constantly over the forthcoming years. The research study, titled “Silo Bags Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2026,” offers an all-inclusive analysis of this market, focusing especially on the growth boosters and restraining factors. It also assesses the prominent trends and the past and current performance of this market in a bid to determine its future status.
According to the research report, the increasing concerns over the wastage of grains has surfaced as the key driving force behind the growth of the global silo bags market. The increasing demand for convenient packaging is also expected to boost the market’s growth over the next few years, reports the market study.
In this research report, the global market for silo bags has been evaluated on the basis of the type of the material, type of the length, the application, and the geographical reach of this market. Based on the type of the material, the market has been segmented into polypropylene (PP) and polyethylene (PE). On the basis of the length, the market has been categorized into 60 mtrs, 75 mtrs, and 90 mtrs. In terms of the application, the market has been bifurcated into forages storage, grain storage, dried fruits storage, fertilizers storage, and several other storages.
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On the basis of the geography, the global market for silo bags has been classified into North America, Europe, Latin America, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). The report offers forecast and market size for each region and the cumulative average growth rate percent for the forecast period 2017–2026 for each of the segment including the type of the material, length, and application, notes the study.
The competitive evaluation of the worldwide market for silo bags has also been presented in this market report. Researchers have thoroughly reviewed the company profiles and the existing and upcoming projects of the leading participants to determine the current hierarchy between them. As per the market study, this market is fragmented and highly competitive, thanks to the presence of numerous local vendors of silo bags across the world. With the significant rise in consolidation activities, such as strategic alliances and mergers and acquisitions, the degree of competition among these vendors is expected to intensify further in the coming years. The pricing strategies adopted by these vendors will also instigate the rivalry between them. The leading players in the global market for silo bags are IPESA, RKW Group, GrainPro Philippines Inc., GEM Silage Products, BagMan LLC, Grain Bags Canada, Canadian Tarpaulin Manufacturers Ltd., Temudjin Flex-Pack BV, Sigma AG (Sigma Stretch Film), Brain Chamber Polysacks Pvt. Ltd, and Hangzhou Xinguang Plastic Co., Ltd, as mentioned in this research study.
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