According to the research report titled ‘Global Silo Bags Market Size study, by Length Type (60 Meters, 75 Meters, and 90 Meters) by Material (Polyethylene [PE] and Polypropylene [PP]) by Application (Grain Storage, Forages Storage, Fertilizers Storage, Dried Fruits Storage, and Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global silo bags market is estimated to record modest growth during 2022-2028.

Increasing focus on reducing the wastage of grains in the process of cultivation & storage, cost-effectiveness of the product, and rising concerns for food safety given the growing population across the world are determinants propelling global silo bags market expansion.

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For those unaware, silo bags are polythene material packaging bags used for stockpiling grains & fertilizers and are quite effective in handling organic waste.

On the contrary, concerns regarding the elevated use of plastics, combined with the availability of substitute items like metal-based bags are likely to impede the progress of the business sphere in the forthcoming years.

The industry is segmented based on length type, material terrain, and application to give the stakeholders a clear view of its growth potential. Based on length type, the business sphere is classified into 60 meters, 75 meters, and 90 meters. In terms of material type, the market is split into polypropylene and polyethylene. With respect to application spectrum, worldwide silo bags market is categorized into dried fruits storage, grain storage, fertilizers storage, forages storage, and others.

For better comprehension of the geographical reach of the market, the report analyses key regions like North America, Asia Pacific, Europe, and Latin America. Of these, North America is estimated to account for a substantial market share during the projected timeline, owing to the rising demand for economical packaging solutions, and dense presence of known players across the region.

Meanwhile, Asia Pacific market is poised to register notable growth during the assessment timeframe, given the increasing emphasis placed by the government on effective management of food grains, and growing concerns about food security.

The key companies amplifying the competitive sphere of global silo bags industry include names like Silobags International Ltd., RKW Group, Plastika Kritis S.A., Panama Group, Up North Plastics Inc., RPC Group plc, Canadian Tarpaulin Manufacturer Ltd., Ipesa - Rio Chico S.A, GrainPro Inc., and Plastar S.A among others.