North America Silo Bags Market
Market Insights on North America Silo Bags covering sales outlook, demand forecast & up-to-date key trends
North America Silo Bags Market By Length (60 Meters, 75 Meters, 90 Meters), Material (Polyethylene, Polypropylene) & Region - Forecast 2022 - 2026
Silo Bags Market Snapshot
[95 pages Report] The silo bags market is estimated at US$ 42.8 Mn in 2022 and is projected to reach US$ 50.8 Mn by 2026, at a CAGR of 4.8% from 2022 to 2026.
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Market Size 2022 |
US$ 42.8 Mn |
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Market Size 2026 |
US$ 50.8 Mn |
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Value CAGR (2022-2026) |
4.8% |
The North America silo bags constituted around 21-24% of the global silo bags market worth ~US$ 200 Mn in 2021.
The study conducted by Future Market Insights estimates that the 60 meter and 75 meter lengths of silo bags are estimated to cumulatively account for around 90% of market share in 2022 and the market valuation of these segments is projected to expand at a CAGR of 4.7% and 5.1% respectively during the forecast period 2022-26.
The U.S. is expected to drive the silo bags market in North America and is estimated to hold a significant market share of around 84% in 2022.
FMI team further estimates that in 2022, the Canada silo bags market will grow 5.5% year-over-year.
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2014-2021 Silo Bags Market Outlook Compared to 2022-2026 Forecast
Majorly driven by the growing demand of silo bags for the packaging of food grain application, FMI projects, the North America silo bags market to expand at 4.8% CAGR between the forecast period of 2022 and 2026, in comparison to the CAGR of 5.2% registered between the period 2014 and 2021.
Silo bags were commonly used as a temporary on-farm storage facility and have emerged as an alternative for large size warehouses over the past few years. Silo bags provide a temporary storage solution for grains, forages and various other agricultural produce at the farm location, which allows cost savings for small farmers in terms of permanent storage facilities along with reducing the harvest logistics.
Animal feed is required to be stored on the farm for the purpose of fulfilling the fodder requirement during the dry seasons. Investing in permanent storage facilities often requires high capital expenditure. Hence, silo bags are increasingly adopted by several farmers who could not afford expensive storage facilities.
The growing adoption of silo bags for a variety of applications among the farmers in the North American region is expected to be one of the factors driving the silo bags market growth.
How is the Growing Demand for Convenient Packaging Solution Driving the Silo Bags Market Growth?
The rising demand of customers for convenience packaging drives the North American silo bags market. The new generation farmers expect features such as flexibility, low cost, high performance, less space requirement which resulted in creativity and frequent innovation in packaging for the agriculture sector. Increasing demand for smaller (60m to 75m) size silo bags drives the bulk bag market for North America.
This adds to the ability of the farmer to store the yield until a convenient time for processing, handling and final delivery of grains is reached. Due to technology up-gradation, various machine types are used to fill grains in silo bags such as rotor bagger machine which has grid at the end of the sealed bag helps to build up the required pressure while filling the crop.
The other baggers that are commonly used for convenient packaging are farm bagger hopper and auger, grinder hopper and bagger, and truck with tunnel also known as a truck bagger. The growing adoption of these bagger systems by the farmers to increase efficiency and convenience is expected to drive the silo bags market growth during the forecast period.
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Talk to AnalystWhat Is the Impact of COVID-19 Pandemic on the North America Silo Bags Market?
The silo bags market growth was negatively impacted to some extent as a result of the COVID-19 pandemic. The agriculture industry was least disrupted due to the pandemic however, the market growth was dampened mainly because of the delays in the supply of raw materials and reduced manpower in the silo bag manufacturing units.
This resulted in disrupting the supply of silo bags in the North American region in 2020. The silo bags market experienced a heightened growth rate in 2021 as the restriction and regulations were reduced in several parts of the region. The ongoing risk of the omicron virus might hamper the growth of the target market in 2022 on a small scale.
Country-wise Insights
How will the U.S. Generate a Significant Demand for Silo Bags?
In the North America region, the U.S. is estimated to offer an excellent incremental opportunity of US$ 8.1 Mn in silo bags market during the period 2022-26. As per the U.S. Department of Agriculture (USDA), agriculture and related industries cumulatively contributed to a 5.2% share in the U.S. GDP which totaled to US$ 1.109 trillion in the year 2019. The significant growth of the agriculture industry in the U.S. is anticipated to augment the demand for silo bags in the country.
Why is the Canada Considered One of the Most Lucrative Markets for Silo Bags?
FMI estimates that the Canada silo bags market will expand at a compound annual growth rate of 5.1% during the period 2022-26. According to the data published by the Government of Canada, the production of grains and oilseeds totaled 87,125 thousand tonnes in 2020 and is forecasted to reach 90,444 thousand tonnes in the year 2021. The growing cultivation of grains in Canada is anticipated to generate market growth opportunities for the silo bags in the country.
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Category-wise Insights
Which Material Segment is projected to Experience Escalated Demand from the Silo Bags Market?
By material, the PE segment is estimated to gain escalated demand in the North America silo bags market for several reasons including the growing preference of farmers, compatibility for a wide range of applications. Furthermore, the manufacturers are also enhancing their PE silo bag product offering as it is easier to recycle and comparatively sustainable than the alternatives. In terms of market value, the PE material segment is projected to offer an excellent incremental opportunity of US$ 9.4 Mn over the period 2022-26 in the North America silo bags market.
Which Application Generates Significant Demand for the Silo Bags during the Forecasted Period?
By application, the grains segment is projected to generate highest demand for silo bags followed by the forages during the forecasted period. The silo bags are a very efficient and convenient storage solution for a variety of grains, forages, fertilizers and dried fruits among others. The demand for silo bags for the grains segment is projected to expand at a CAGR of 4.9% over the forecast period 2022-2026.
Competitive Landscape
There are many regional players in the North America silo bags market offering these bulk bags for various applications. The key players are also focusing on providing sustainable alternatives to the end users. Leading silo bags manufacturers are focusing on making investments to increase their geographical footprint and manufacturing capabilities to enhance their presence and market share North America silo bags market.
For instance, in August 2021, RKW Group launched Polydress FarmGuard, a seven layer silage barrier film that can be used to manufacture silo bags that can be 39 meters wide.
In August 2021, RKW Group announced seven-figure investment to enhance production of highly recycled content plastic films at Echte, Germany plant.
In March 2019, RKW Hyplast NV installed a multilayer extrusion line to expand its production capacity for silo bag production.
Scope Of Report
|
Attribute |
Details |
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Forecast Period |
2022-2026 |
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Historical Data Available for |
2014-2021 |
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Market Analysis |
US$ Million for Value and ‘000 Units for Volume |
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Key Countries Covered |
U.S. and Canada |
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Key Segments Covered |
Length, Material, Application and Country |
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Key Companies Profiled |
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Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
|
Customization & Pricing |
Available upon Request |
Silo Bags Market By Category
By length:
- 60 Meters
- 75 Meters
- 90 Meters
By material:
- Polyethylene (PE)
- Low-Density Polyethylene (LDPE)
- High-Density Polyethylene (HDPE)
- Polypropylene (PP)
By application:
- Grains
- Dry Grains
- Wet / Humid Grains
- Rolled Grains
- Forages
- Fertilizer
- Dried Fruits
- Others
By country:
- U.S.
- Canada
Frequently Asked Questions
As per FMI, the silo bags market will register a CAGR of 4.7% between 2022 and 2026.
The silo bags market is estimated to surpass a valuation of US$ 42.8 Mn by 2022.
The U.S. market is estimated to hold around 83.7% value share in the North America silo bags market in 2022.
FMI has forecasted the PE material is most commonly used in the silo bags market.
As per FMI, the Canada silo bags market is expected to rise at a CAGR of 5.1% between 2022 and 2026.
Table of Content
1. Executive Summary
1.1. North America Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Product USPs / Features
5. North America Silo Bags Market Demand Analysis 2014-2021 and Forecast, 2022-2026
5.1. Historical Market Volume (‘000 Units) Analysis, 2014-2021
5.2. Current and Future Market Volume (‘000 Units) Projections, 2022-2026
5.3. Y-o-Y Growth Trend Analysis
6. North America Silo Bags Market - Pricing Analysis
6.1. Pricing Analysis
6.2. Pricing Break-up
6.3. North America Average Pricing Analysis Benchmark
7. North America Silo Bags Market Demand (Value in US$ Mn) Analysis 2014-2021 and Forecast, 2022-2026
7.1. Historical Market Value (US$ Mn) Analysis, 2014-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2026
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. North America Packaging Market Outlook
8.2. North America Agriculture Industry Outlook
8.3. Macro-Economic Factors
8.3.1. North America GDP Growth Outlook
8.3.2. Plastic Industry Outlook
8.3.3. Food Industry Outlook
8.4. Forecast Factors - Relevance & Impact
8.4.1. Manufacturing Value Added Growth
8.4.2. Segmental Revenue Growth of Key Players
8.4.3. Agriculture Industry Growth
8.5. Value Chain
8.5.1. Key Participants
8.5.1.1. Raw Material Suppliers
8.5.1.2. Silo Bags Manufacturers
8.5.1.3. End-Use Industries
8.5.2. Profitability Margin
8.6. Market Dynamics
8.6.1. Drivers
8.6.2. Restraints
8.6.3. Opportunity Analysis
9. Impact of COVID-19
9.1. Current Statistics and Probable Future Impact
9.2. Impact of COVID-19 on Silo Bags Market
10. North America Silo Bags Market Analysis 2014-2021 and Forecast 2022-2026, by Length
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Length, 2014-2021
10.3. Current and Future Market Size (US$ Mn) and Volume (‘000 Units) Analysis and Forecast By Length, 2022-2026
10.3.1. 60 Meters
10.3.2. 75 Meters
10.3.3. 90 Meters
10.4. Market Attractiveness Analysis By Length
11. North America Silo Bags Market Analysis 2014-2021 and Forecast 2022-2026, by Material
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis, by Material, 2014-2021
11.3. Current and Future Market Size (US$ Mn) and Volume (‘000 Units) Analysis and Forecast, by Material, 2022-2026
11.3.1. Polyethylene (PE)
11.3.1. Low-Density Polyethylene (LDPE)
11.3.2. High-Density Polyethylene (HDPE)
11.3.3. Polypropylene (PP)
11.4. Market Attractiveness Analysis, by Material
12. North America Silo Bags Market Analysis 2014-2021 and Forecast 2022-2026, by Application
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Application, 2014-2021
12.3. Current and Future Market Size (US$ Mn) and Volume (‘000 Units) Analysis and Forecast By Application, 2022-2026
12.3.1. Grains
12.3.1.1. Dry Grains
12.3.1.2. Wet / Humid Grains
12.3.1.3. Rolled Grains
12.3.2. Forages
12.3.3. Fertilizer
12.3.4. Dried Fruits
12.3.5. Others
12.4. Market Attractiveness Analysis By Application
13. North America Silo Bags Market Analysis 2014-2021 and Forecast 2022-2026, by Country
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Country, 2014-2021
13.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Analysis and Forecast By Country, 2022-2026
13.3.1. U.S.
13.3.2. Canada
13.4. Market Attractiveness Analysis By Country
14. Market Structure Analysis
14.1. Market Analysis, by Tier of Silo Bags Companies
14.2. Market Share Analysis of Top Players
14.3. Market Presence Analysis
15. Competition Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Competition Deep Dive (Key Players)
(North America Manufacturers)
15.3.1. IPESA - Rio Chico S.A.
15.3.1.1. Overview
15.3.1.2. Product Portfolio
15.3.1.3. Profitability by Market Segments
15.3.1.4. Sales Footprint
15.3.1.5. Strategy Overview
15.3.1.5.1. Marketing Strategy
15.3.1.5.2. Product Strategy
15.3.1.5.3. Channel Strategy
15.3.2. GEM Silage Products
15.3.2.1. Overview
15.3.2.2. Product Portfolio
15.3.2.3. Profitability by Market Segments
15.3.2.4. Sales Footprint
15.3.2.5. Strategy Overview
15.3.2.5.1. Marketing Strategy
15.3.2.5.2. Product Strategy
15.3.2.5.3. Channel Strategy
15.3.3. RKW Hyplast NV.
15.3.3.1. Overview
15.3.3.2. Product Portfolio
15.3.3.3. Profitability by Market Segments
15.3.3.4. Sales Footprint
15.3.3.5. Strategy Overview
15.3.3.5.1. Marketing Strategy
15.3.3.5.2. Product Strategy
15.3.3.5.3. Channel Strategy
15.3.4. BagMan LLC
15.3.4.1. Overview
15.3.4.2. Product Portfolio
15.3.4.3. Profitability by Market Segments
15.3.4.4. Sales Footprint
15.3.4.5. Strategy Overview
15.3.4.5.1. Marketing Strategy
15.3.4.5.2. Product Strategy
15.3.4.5.3. Channel Strategy
15.3.5. Canadian Tarpaulin Manufacturers Ltd.
15.3.5.1. Overview
15.3.5.2. Product Portfolio
15.3.5.3. Profitability by Market Segments
15.3.5.4. Sales Footprint
15.3.5.5. Strategy Overview
15.3.5.5.1. Marketing Strategy
15.3.5.5.2. Product Strategy
15.3.5.5.3. Channel Strategy
15.3.6. Grain Bags Canada
15.3.6.1. Overview
15.3.6.2. Product Portfolio
15.3.6.3. Profitability by Market Segments
15.3.6.4. Sales Footprint
15.3.6.5. Strategy Overview
15.3.6.5.1. Marketing Strategy
15.3.6.5.2. Product Strategy
15.3.6.5.3. Channel Strategy
15.3.7. Blue lake Plastics, LLC
15.3.7.1. Overview
15.3.7.2. Product Portfolio
15.3.7.3. Profitability by Market Segments
15.3.7.4. Sales Footprint
15.3.7.5. Strategy Overview
15.3.7.5.1. Marketing Strategy
15.3.7.5.2. Product Strategy
15.3.7.5.3. Channel Strategy
15.3.8. Grain Pro, Inc.
15.3.8.1. Overview
15.3.8.2. Product Portfolio
15.3.8.3. Profitability by Market Segments
15.3.8.4. Sales Footprint
15.3.8.5. Strategy Overview
15.3.8.5.1. Marketing Strategy
15.3.8.5.2. Product Strategy
15.3.8.5.3. Channel Strategy
15.3.9. KSI Supply, Inc.
15.3.9.1. Overview
15.3.9.2. Product Portfolio
15.3.9.3. Profitability by Market Segments
15.3.9.4. Sales Footprint
15.3.9.5. Strategy Overview
15.3.9.5.1. Marketing Strategy
15.3.9.5.2. Product Strategy
15.3.9.5.3. Channel Strategy
15.3.10. Temudjin Flex-Pack B.V.
15.3.10.1. Overview
15.3.10.2. Product Portfolio
15.3.10.3. Profitability by Market Segments
15.3.10.4. Sales Footprint
15.3.10.5. Strategy Overview
15.3.10.5.1. Marketing Strategy
15.3.10.5.2. Product Strategy
15.3.10.5.3. Channel Strategy
*The above list is indicative in nature and is subject to change during the course of research
16. Assumptions and Acronyms Used
17. Research Methodology
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List of Tables
Table 01: North America Silo Bags Market Value (US$ Mn) Analysis, by Length, 2014–2026
Table 02: North America Silo Bags Market Volume Analysis, by Length, 2014–2026
Table 03: North America Silo Bags Market Value (US$ Mn) Analysis, by Material, 2014–2026
Table 04: North America Silo Bags Market Volume (‘000 Units) Analysis, by Material, 2014–2026
Table 05: North America Silo Bags Market Value (US$ Mn) Analysis, by Application, 2014–2026
Table 06: North America Silo Bags Market Volume (‘000 Units) Analysis, by Application, 2014–2026
Table 07: North America Silo Bags Market Value (US$ Mn) Analysis, by Country, 2014–2026
Table 08: North America Silo Bags Market Volume (‘000 Units) Analysis, by Country, 2014–2026
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Talk to AnalystList of Charts
Figure 01: North America Silo Bags Market Value (US$ Mn) & Volume (‘000 Units) Analysis, 2014–2026
Figure 02: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, 2022–2026
Figure 03: North America Silo Bags Market Share Analysis (%), by Length Type, 2022 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 (‘000 Units), by 60 Meters Segment, 2014–2026
Figure 06: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by 60 Meters Segment, 2022–2026
Figure 07: North America Silo Bags Market Value (US$ Mn) & Volume (‘000 Units), by 75 Meters Segment, 2014–2026
Figure 08: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by 75 Meters Segment, 2022–2026
Figure 09: North America Silo Bags Market Value (US$ Mn) & Volume (‘000 Units), by 90 Meters Segment, 2022–2026
Figure 10: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by 90 Meters Segment, 2022–2026
Figure 11: North America Silo Bags Market Attractiveness Analysis, by Length Type, 2022–2026
Figure 12: North America Silo Bags Market Share Analysis (%), by Material Type, 2022 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 (‘000 Units), by PE Segment, 2014–2026
Figure 15: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by PE Segment, 2022–2026
Figure 16: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by LDPE Segment, 2022–2026
Figure 17: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by HDPE Segment, 2022–2026
Figure 18: North America Silo Bags Market Value (US$ Mn) & Volume (‘000 Units), by PP Segment, 2022–2026
Figure 19: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by PP Segment, 2022–2026
Figure 20: North America Silo Bags Market Attractiveness Analysis, by Material Type, 2022–2026
Figure 21: North America Silo Bags Market Share Analysis (%), by Application, 2022 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 (‘000 Units), by Grains Segment, 2014–2026
Figure 24: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by Grains Segment, 2022–2026
Figure 25: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by Dry Grains Sub-segment, 2022–2026
Figure 26: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by Wet Grains Sub-segment, 2022–2026
Figure 27: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by Rolled Grains Sub-segment, 2022–2026
Figure 28: North America Silo Bags Market Value (US$ Mn) & Volume (‘000 Units), by Forages Segment, 2014–2026
Figure 29: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by Forages Segment, 2022–2026
Figure 30: North America Silo Bags Market Value (US$ Mn) & Volume (‘000 Units), by Fertilizer Segment, 2014–2026
Figure 31: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by Fertilizer Segment, 2022–2026
Figure 32: North America Silo Bags Market Value (US$ Mn) & Volume (‘000 Units), by Dried Fruits Segment, 2014–2026
Figure 33: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by Dried Fruits Segment, 2022–2026
Figure 34: North America Silo Bags Market Value (US$ Mn) & Volume (‘000 Units), by Others Segment, 2014–2026
Figure 35: North America Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, by Others Segment, 2022–2026
Figure 36: North America Silo Bags Market Attractiveness Analysis, by Application, 2022- 2026
Figure 37: North America Silo Bags Market Share Analysis (%), by Country, 2022 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), 2014–2026
Figure 40: U.S. Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, 2022–2026
Figure 41: Canada Silo Bags Market Value (US$ Mn) & Volume (‘000 Units), 2014–2026
Figure 42: Canada Silo Bags Market Incremental Opportunity (US$ Mn) Analysis, 2022–2026
Figure 43: North America Silo Bags Market Attractiveness Analysis, by Country, 2022- 2026
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