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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.

Market Size 2022

US$ 42.8 Mn

Market Size 2026

US$ 50.8 Mn

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.

North America Silo Bags Market Download Report Brochure

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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What 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

Forecast Period

2022-2026

Historical Data Available for

2014-2021

Market Analysis

US$ Million for Value and ‘000 Units for Volume

Key Countries Covered

U.S. and Canada

Key Segments Covered

Length, Material, Application and Country

Key Companies Profiled

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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Principal Consultant
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List 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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