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Silo Bags Market: Grain Storage Anticipated to be a Highly Attractive Application Type Among Silo Bags Manufacturers Owing to Wide Usage by Farmers: North America Industry Analysis and Opportunity Assessment, 2016 - 2026

Published By :

Future Market Insights

Published Date : Mar 2017

Category :

Packaging

No. of Pages : 90 Pages

Increasing demand for storage during harvest season coupled with growing consumer spending are the key growth drivers of the North America silo bags market over the forecast period

The need for a cost-efficient solution for storage of grains and animal fodder has led to extensive preference for silo bags among farmers in the U.S. and Canada. The North America silo bags market is expected to witness healthy growth rate owing to small farmers demanding silo bags for short-term and affordable packaging and storage purposes. Silo bags, also known as harvest grain bags are used as an alternative storage system for grains such as wheat, corn, maize, sorghum, etc. in order to fulfil shortage of cattle fodder during dry seasons. The North America silo bags market is expected to create good opportunities for suppliers, distributors and manufacturers operating in the market.

Revenue generated from the North America silo bags market is estimated to touch nearly US$ 34 Mn in 2017 and is forecast to reach nearly US$ 51 Mn in 2024, registering a CAGR of 4.8% during the forecast period. In terms of volume, the North America silo bags market is projected to register a CAGR of 4.4% to reach 62,700 units by 2026.

Factors fuelling the demand for silo bags in the North America region

Rising demand for convenience packaging among new generation farmers has compelled the manufacturers of silo bags to innovate in terms of optimum space requirements, storage efficiency, high performance and flexible plastic sheets. A growing trend among manufacturers and suppliers of silo bags in North America is to leverage the changing demographics of farmer size. Manufacturers are increasingly addressing the demand from small farmers who prefer silo bags over capital intensive silo systems for storage purposes. Farmers with very short-term storage requirements prefer renting or leasing silo bags as silo bags have good reusability and longer product life.

The North America silo bags market is characterised by substantial consolidation among market players. In order to expand their market presence and strengthen order fulfilling capacity, large players are strategically acquiring smaller manufacturers to serve a broader customer base.

Restraints limiting the growth of the North America silo bags market

Stringent guidelines issued by regulating authorities concerning food and environment have consequential implications on the silo bags market in North America. Stringent FDA regulations regarding the use of harmful chemical substances, and also various regulations for specific thickness, length and breadth for manufacturing of silo bags has led to market preference for alternative environment friendly products.

North America Silo Bags Market Forecast, by Application, 2016-2026

Among all applications of silo bags, grains is predicted to be an attractive segment for investment during the forecast period

By application, the North America silo bags market can be segmented into grains, forages, fertilisers, dried fruits and others. The demand for silo bags is prominently for storage of grains, which is estimated to constitute over 60% of the North America silo bags market.

Grains storage is expected to be a highly attractive packaging type among silo bags manufacturers due to its wide usage by farmers. The Forages segment is likely to maintain its market share with a steady rise in CAGR over the forecast period.

Increasing production of crops likely to lead to the adoption of silo bags in the North America regional market

The silo bags market, which saw evolution and growth in the Latin America market, is now gaining substantial footprint in the North America market. With boom in crop production across the North America region, farmers in the U.S and Canada will invest in on-farm storage means, such as silo bags, for temporary and affordable storage of forage, grains and other produce. The North America market for silo bags will witness healthy growth of 1.6X owing to convenient packaging solutions demanded by small farmers as an alternative to large silo systems. The market will also witness additional growth prospects due to affordable silo bags being made available through lease and rentals.

Table Of Content


1. Executive Summary


2. Assumptions and Acronyms Used


3. Research Methodology


4. North America Silo Bags Market Overview
4.1. Silo Bags Market Definition
4.2. North America Silo Bags Market Taxonomy
4.3. North America Silo Bags Market Supply Chain


5. North America Silo Bags Market Dynamics
5.2. Drivers
5.3. Restraints
5.4. Opportunity
5.5. Trends


6. North America Silo Bags Market Analysis and Forecast, By Length Type
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Length Type
6.1.2. Y-o-Y Growth Projections By Length Type
6.2. North America Silo Bags Market Size (US$ Mn) and Volume (000 Units) Forecast By Length Type
6.2.1. 60 Meters
6.2.2. 75 Meters
6.2.3. 90 Meters
6.3. North America Silo Bags Market Attractiveness Analysis By Length Type
6.4. Prominent Trends


7. North America Silo Bags Market Analysis and Forecast, By Material
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Material
7.1.2. Y-o-Y Growth Projections By Material
7.1.3. Material Roadmap
7.1.4. Comparative Analysis By Material
7.2. North America Silo Bags Market Size (US$ Mn) and Volume (000 Units) Forecast By Material
7.2.1. Polyethylene (PE)
7.2.1.1 Linear low-density polyethylene (LLDPE)
7.2.1.2. High-density polyethylene (HDPE)
7.2.2. Polypropylene (PP)
7.3. North America Silo Bags Market Attractiveness Analysis By Material
7.4. Prominent Trends


8. North America Silo Bags Market Analysis and Forecast, By Application Type
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Application Type
8.1.2. Y-o-Y Growth Projections By Application Type
8.2. North America Silo Bags Market Size (US$ Mn) and Volume (000 Units) Forecast By Application Type
8.2.1. Grains
8.2.1.1. Dry Grains
8.2.1.2. Wet/Humid Grains
8.2.1.3. Rolled Grains
8.2.2. Forages
8.2.3. Fertilizers
8.2.4. Dried Fruits
8.2.5. Others
8.3. North America Silo Bags Market Attractiveness Analysis By Application Type
8.4. Prominent Trends


9. North America Silo Bags Market Analysis and Forecast, By Country
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Country
9.1.2. Y-o-Y Growth Projections By Country
9.2. North America Silo Bags Market Size (US$ Mn) and Volume (000 Units) Forecast By Country
9.2.1. US
9.2.2. Canada
9.3. North America Silo Bags Market Attractiveness Analysis By Country


10. Competition Landscape
10.1. Competition Dashboard
10.2. Company Market Share Analysis
10.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments, SWOT Analysis)
10.4. North America based Players
10.4.1. IPESA - Rio Chico S.A.
10.4.2. GEM Silage Products
10.4.3. RKW Hyplast NV.
10.4.4. BagMan LLC.
10.4.5. Canadian Tarpaulin Manufacturers LTD
10.4.6. Grain Bags Canada
10.4.7. Blue lake Plastics, LLC
10.4.8. Grain Pro, Inc.
10.4.9. KSI Supply, Inc
10.4.10. Temudjin Flex-Pack B.V.

 

List of Table

Table 01:  North America Silo Bags Market Value (US$ Mn) Forecast, by Length Type, 2015–2026
Table 02:  North America Silo Bags Market Volume Forecast, by Length Type, 2015–2026
Table 03:  North America Silo Bags Market Value (US$ Mn) Forecast, by Material Type, 2015–2026
Table 04:  North America Silo Bags Market Volume (units in thousand) Forecast, by Material Type, 2015–2026
Table 05:  North America Silo Bags Market Value (US$ Mn) Forecast by Application, 2015–2026
Table 06:  North America Silo Bags Market Volume (units ) Forecast by Application, 2015–2026
Table 07:  North America Silo Bags Market Value (US$ Mn) Forecast by Country, 2015–2026
Table 08:  North America Silo Bags Market Volume (Units in thousands) Forecast by Country, 2015–2026

List of Chart

 Figure 01: North America Silo Bags Market Value (US$ Mn) & Volume (Units in thousand), 2015–2026
Figure 02: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), 2015–2026
Figure 03: North America Silo Bags Market Share Analysis (%), by Length Type, 2016 and 2026
Figure 04: North America Silo Bags Market Revenue Y-o-Y Growth, by Length Type, 2015–2026
Figure 05: North America Silo Bags Market Value (US$ Mn) & Volume (Units in thousand), by 60 Meters Segment, 2015–2026
Figure 06: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by 60 Meters Segment, 2015–2026
Figure 07: North America Silo Bags Market Value (US$ Mn) & Volume (Units in thousand), by 75 Meters Segment, 2015–2026
Figure 08: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by 75 Meters Segment, 2015–2026
Figure 09: North America Silo Bags Market Value (US$ Mn) & Volume (Units in thousand), by 90 Meters Segment, 2015–2026
Figure 10: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by 90 Meters Segment, 2015–2026
Figure 11: North America Silo Bags Market Attractiveness Index, by Length Type, 2016–2026
Figure 12: North America Silo Bags Market Share Analysis (%), by Material Type, 2016 and 2026
Figure 13: North America Silo Bags Market Revenue Y-o-Y Growth, by Material Type, 2015–2026
Figure 14: North America Silo Bags Market Value (US$ Mn) & Volume (Units in thousands), by PE Segment, 2015–2026
Figure 15: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by PE Segment, 2015–2026
Figure 16: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by LDPE Segment, 2015–2026
Figure 17: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by HDPE Segment, 2015–2026
Figure 18: North America Silo Bags Market Value (US$ Mn) & Volume (Units in thousands), by PP Segment, 2015–2026
Figure 19: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by PP Segment, 2015–2026
Figure 20: North America Silo Bags Market Attractiveness Index, by Material Type, 2016–2026 
Figure 21: North America Silo Bags Market Share Analysis (%), by Application, 2016 and 2026
Figure 22: North America Silo Bags Market Revenue Y-o-Y Growth, by Application, 2015–2026
Figure 23: North America Silo Bags Market Value (US$ Mn) & Volume (Units in thousand), by Grains Segment, 2015–2026
Figure 24: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by Grains Segment, 2015–2026
Figure 25: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by Dry Grains Sub-segment, 2015–2026
Figure 26: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by Wet Grains Sub-segment, 2015–2026
Figure 27: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by Rolled Grains Sub-segment, 2015–2026 
Figure 28: North America Silo Bags Market Value (US$ Mn) & Volume (Units in thousands), by Forages Segment, 2015–2026
Figure 29: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by Forages Segment, 2015–2026
Figure 30: North America Silo Bags Market Value (US$ Mn) & Volume (Units in thousand), by Fertilizer Segment, 2015–2026
Figure 31: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by Fertilizer Segment, 2015–2026
Figure 32: North America Silo Bags Market Value (US$ Mn) & Volume (units in thousands), by Dried Fruits Segment, 2015–2026
Figure 33: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by Dried Fruits Segment, 2015–2026
Figure 34: North America Silo Bags Market Value (US$ Mn) & Volume (Units in thousand), by Others Segment, 2015–2026
Figure 35: North America Silo Bags Market Absolute $ Opportunity (US$ Mn), by Others Segment, 2015–2026
Figure 36: North America Silo Bags Market Attractiveness Index, by Application, 2016- 2026 
Figure 37: North America Silo Bags Market Share Analysis (%), by Country, 2016 and 2026
Figure 38: North America Silo Bags Market Revenue Y-o-Y Growth, by Country, 2015–2026
Figure 39: U.S. Silo Bags Market Value (US$ Mn) & Volume (units in thousand), 2015–2026
Figure 40: U.S. Silo Bags Market Absolute $ Opportunity (US$ Mn), 2015–2026
Figure 41: Canada Silo Bags Market Value (US$ Mn) & Volume (units in thousands), 2015–2026
Figure 42: Canada Silo Bags Market Absolute $ Opportunity (US$ Mn), 2015–2026
Figure 43: North America Silo Bags Market Attractiveness Index, by Country, 2016- 2026

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