The global silage bags market is expected to be valued at US$ 558 million in 2022 and is projected to register a value CAGR of 4.9% during the assessment period from 2022 to 2032. Future Market Insights anticipates the market to reach a valuation of US$ 900.27 million by 2032. Silage bags, also known as silo bags, have been popular in the agricultural world for decades, serving as an effective storage solution for green fodder for cattle and grain commodities like corn, wheat, barley, soybeans, and sunflower seeds. These bags are highly regarded in grain storage due to their ability to protect against spillage and rat menace in warehouses.
Initially developed for preserving and maintaining animal feed or forage, silage bags have evolved into a preferred method for grain storage, particularly suited for medium-scale grain storage needs. The demand for silage bags is expected to rise in the coming years, driven by encouraging agricultural policies implemented by various governments worldwide. To meet consumers’ demand for effective storage solutions, manufacturers are revamping their product designs to enhance performance and enable longer shelf storage.
In response to the need for improved silage storage and reduced waste, manufacturers have introduced innovative silage bags. For instance, Dow and Packaging Industries Limited (PIL) introduced Mama Silage Bags in Kenya in December 2021, benefiting small-scale dairy farmers. These bags help preserve animal feed for dairy cows, ensuring a steady supply of milk and a stable income for farmers throughout the year.
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Several start-ups have also developed innovative silage bags to address shortfalls in conventional bags and improve the nutritional quality of silage while minimizing wastage. AgroZ®, a leading start-up, introduced the AgroZ Bag, a multi-layered hermetic bag recommended for storing grains and pulses for up to nine months, protecting them from insects and pests without the need for pesticide dust. The AgroZ® Bag Plus, an insecticide-treated hermetic storage bag, was specifically designed to control insect borers effectively.
Key Takeaways:
- The global silage bags market is projected to grow at a CAGR of 4.9% from 2022 to 2032, reaching a value of US$ 900.27 million by 2032.
- Silage bags serve as a crucial storage solution for green fodder and grains, protecting against spillage and rat menace in warehouses.
- The demand for silage bags is expected to rise due to encouraging agricultural policies by governments.
- Manufacturers are developing innovative silage bags to enhance performance and enable longer shelf storage.
- Start-ups are introducing specialized hermetic bags to improve the nutritional quality of silage and reduce wastage, benefiting farmers and ensuring steady incomes
Silage Bags Market: Key Players
The key players in the silage bags market includes RKW groups (Germany), Silo Bags International limited (China), Silo Bags India (India), Flex Pack (Holland), Silo bag grain (Australia), Grain Bags Canada (Canada), The Panama Group (India), Ipesa – Rio Chico S.A. (Argentina), etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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Silage Bags Market: Dynamics
Silage bags market is expected to witness hike in terms of demand due to its convenient storage qualities. Silage bags are used for the storage of agricultural products like food grains, crops, etc. apart from feed and fodder. The increasing demand of the agricultural products and reduction in the production of the feed and fodder crops is expected to fuel the demand for silage bags market.
The attributes of silage bags that are support its demand includes low cost investment, minimum space requirement, ease of handling, etc.
Regions with high agricultural activities like India and Australia have increasing preference for silage bags for easy and safe techniques for the storage of their farm products.
Small farmers with inadequate capabilities to invest in larger silo systems prefer silage bags for their short term requirements. Silage bags, in addition, offer the comfort of storage at an appropriate location during shortage of permanent locations. However, the existing options like bunkers, ditches, containers etc., due to their greater storage capacity, appear to be the restraints in the silage bags market.
Silage Bags Market – Segmentation
The silage bags market can be segmented as following:
Based on capacity, the silage bags market is segmented into:
- Small : 100 to 140 tons
- Large : 150 to 200 tons
- Very large : 210 to 250 tons
Based on grain types, the silage bags market is segmented into:
- Dry grains
- Wet grains
- Crushed grains
- Dried fruits
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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