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Global Grain Silos and Storage System Market Flourishes with Increasing Crop Production - By The Business Research Company

Grain Silos And Storage System Market Driver – Rise In Crop ProductionAs agricultural productivity soars, the demand for efficient storage solutions to safeguard and manage larger grain volumes becomes imperative. Grain silos emerge as crucial components, providing protection against spoilage, pests, and adverse weather conditions. They ensure that surplus harvests can be stored securely for extended periods. For instance, the International Grains Council's May 2023 report forecasts a global grain production of 2.294 billion metric tons for the 2023-24 season, up from 2.254 billion tons in the previous season and a record-setting 2.293 billion tons in 2021-22.
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As agricultural productivity soars, the demand for efficient storage solutions to safeguard and manage larger grain volumes becomes imperative. Grain silos emerge as crucial components, providing protection against spoilage, pests, and adverse weather conditions. They ensure that surplus harvests can be stored securely for extended periods. For instance, the International Grains Council's May 2023 report forecasts a global grain production of 2.294 billion metric tons for the 2023-24 season, up from 2.254 billion tons in the previous season and a record-setting 2.293 billion tons in 2021-22.

 


Growing awareness of food security and the imperative to minimize post-harvest losses have driven the adoption of grain silos and storage facilities worldwide. Providers in the grain silos and storage system market are focusing on smart grain monitoring systems to enhance product efficiencies. These systems offer real-time readings and alerts, empowering farmers to address issues promptly and prevent grain spoilage and losses. A notable example is TeleSense, a US-based company that launched the user-friendly Cellular SensorSpear for monitoring and protecting post-harvest grain.


The global grain silos and storage system market is thoughtfully segmented into four key categories:

 


Asia Pacific emerged as the largest region in the grain silos and storage systems market, accounting for 38.4% of the global grain silos and storage system market in 2022. It was followed by North America , Western Europe , and other regions. Looking ahead, Asia Pacific and the Middle East are anticipated to be the fastest-growing regions, with CAGRs of 7.4% and 6.4%, respectively, from 2022 to 2027.

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