Grain Silos and Storage System Market by Silo Type (Flat Bottom Silo, Hopper Silo, Grain Bins, and Other Silo Types), Commodity Type (Rice, Wheat, Maize, Soybean, Sunflower, and Other Commodity Types), Region - Global Forecas

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Grain Silos and Storage System Market by Silo Type (Flat Bottom Silo, Hopper Silo, Grain Bins, and Other Silo Types), Commodity Type (Rice, Wheat, Maize, Soybean, Sunflower, and Other Commodity Types), Region - Global Forecas

During the forecast period, the Grain Storage Silo Market is expected to grow at a CAGR of 4.5 percent (2021-2026). Despite the fact that COVID-19 had an impact on the silos industry, it had no significant impact on the silos supply chain or worldwide operations.

An Overview of the Industry

The Grain Storage Silo Market is estimated to increase at a CAGR of 4.5 percent over the forecast period (2021-2026). Despite having an impact on the silos business, COVID-19 had no significant impact on the silos supply chain or global operations. Because food and agriculture services were exempt from shutdown regulations, the grain storage silos market was less affected by the outbreak.

Among all the geographies surveyed, North America accounted for the largest share of the Grain Storage Silo Market in 2019. There is a large demand for increased storage capacity due to limited space and rising storage costs around the world, which has spurred industry expansion. Grain storage silos are highly concentrated, with a few significant companies dominating the industry, including Rostfrei Steels, Titan (FB Industries Inc.), Superior Silo LLC, and Sioux Steel Company, among others.