The global grain silos and storage system market size was US$ 1.29 billion in 2021. The global grain silos and storage system market is forecast to grow to US$ 4.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2022 to 2030.
Silos play an essential role in post-harvest management by serving as grain collectors and distribution units. Silos regulate the purpose of initial grain processing by drying, fumigating, and cleaning grains in order to protect them. All of these features enable the demand for storage systems to grow in an upward direction.

Factors Influencing the Market
Growing demand for large-capacity grain storage systems will primarily contribute to the growth of the market. Furthermore, the market may witness favorable growth opportunities due to the increasing demand for low-cost grain storage facilities.
The grain storage silos market is forecast to grow significantly due to the growing global population leading the demand for grains. In addition to that, rising input costs and the need for significant investment in grain storage will boost the growth of the grain silos and storage system market. Further, the rising demand for technologically advanced grain silos will offer myriad growth opportunities to the market players.
Grain silos and storage systems are widely used in developing countries like India to cultivate large-scale agricultural land and store large quantities of crops. Thus, it will benefit the grain silos and storage system market. On the contrary, the high initial cost associated with grain silos and storage systems may limit the growth of the market.

COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for grain silos and storage systems increased substantially. The pandemic pushed the demand to protect grains and storage units. Thus, it has positively affected the global grain silos and storage market.

Regional Analysis
The Asia-Pacific grain silos and storage system market is forecast to emerge as the largest market, owing to the presence of highly populated countries such as China and India, which are driving the demand for grains. In addition, growing support by government bodies through investments and incentives will also contribute to the growth of the grain silos and storage system market during the study period. Further, the rising population and increasing income levels will benefit the grain silos and storage system market during the study period.

Competitors in the Market
Rostfrei Steels
Titan (FB Industries Inc.)
Superior Silo LLC
Silos Cordoba
Sioux Steel Company
Hanson Silo Company
Nelson
Symaga
P+W Metallbau GmbH & Co. KG
Ahrens Agri
Other Prominent Players

Market Segmentation
The global grain silos and storage system market segmentation focuses on Type, Commodity, and Region.
By Type:
Flat bottom silos
Hopper silos
Grains bins
Other
By commodity type:
Ruminant
Poultry
Swine
Aquaculture
Pets
Horses
Others
On the basis of region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America