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The North America silo bags market reached approximately USD 47.20 million in 2023. The market is projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching a value of around USD 74.49 million by 2032.
North America Silo Bags Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | 47.20 |
Market Size 2032 | USD Million | 74.49 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.2% |
CAGR 2024-2032 - Market by Region | United States | 5.7% |
CAGR 2024-2032 - Market by Region | Canada | 4.7% |
CAGR 2024-2032 - Market by Material | Polyethylene (PE) | 5.8% |
CAGR 2024-2032 - Market by Capacity | 200-400 MT | 5.9% |
Market Share by Country | United States | XX% |
The growing demand for cost-effective farm storage solutions, the surge in grain production in the North American region, and the rising demand for portable storage solutions are some of the prominent drivers aiding the growth of the North America silo bags market. These bags offer air-tight solutions and protect grains from moisture, pests, and other unwanted environmental conditions.
These bags offer an optimal solution for small-scale farmers and temporary storage requirements due to their inexpensive nature and portability. They also find growing applications in the areas which face a shortage of storage supplies, leading the farmers to adopt silo bags in bulk. These bags are further being researched for their potential usage in the storage of biomass and in industrial handling solutions which can promote the market expansion.
CAGR 2024-2032 - Market by | Capacity |
200-400 MT | 5.9% |
More than 400 MT | 5.3% |
Less than 200 MT | 4.6% |
CAGR 2024-2032 - Market by | Material |
Polyethylene (PE) | 5.8% |
Polypropylene (PP) | 5.5% |
Others | 4.9% |
Canada is growing at a CAGR of 6.5%. The market in Canada is fuelled by a growing emphasis on agricultural productivity, the adoption of advanced storage technologies, and increasing investments in industrial development. Government initiatives promoting sustainable practices and efficient resource management also contribute to the growth of the market in Canada.
Country-wise, the United States leads the market with a CAGR of 7.4%, securing the top rank. The silo bags share in North America in the U.S. region is driven by significant investments in infrastructure, technological advancements, and a robust industrial base. The U.S. benefits from a high demand for efficient storage solutions and innovative materials across various sectors, including agriculture, manufacturing, and packaging.
CAGR 2024-2032 - Market by | Country |
United States | 5.7% |
Canada | 4.7% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the North America silo bags market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the North America silo bags industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the North America silo bags market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the North America silo bags market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Material |
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Breakup by Capacity |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Silo Bags Market Overview
8.1 Key Industry Highlights
8.2 Global Silo Bags Historical Market (2018-2023)
8.3 Global Silo Bags Market Forecast (2024-2032)
8.4 Global Silo Bags Market Breakup by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Silo Bags Market Overview
9.1 Key Industry Highlights
9.2 North America Silo Bags Historical Market (2018-2023)
9.3 North America Silo Bags Market Forecast (2024-2032)
10 North America Silo Bags Market by Material
10.1 Polyethylene (PE)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Polypropylene (PP)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 North America Silo Bags Market by Capacity
11.1 Less than 200 MT
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 200-400 MT
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 More than 400 MT
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 North America Silo Bags Market by Country
12.1 United States
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 GrainPro Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 RKW Group
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Up North Plastics Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Poly-Ag Corp.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Ipesa USA
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
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