Future Market Insights
Silage bags are packaging and storing systems for silage, which is a green fodder stored in compact and airtight conditions. Silage bags prove to be cost-effective storage systems for farmers who require additional storage capacity. Silage bags substitute other silage storage alternatives such as piles, bunkers and silo systems which require high investment cost. The market for silage bags is driven by awareness among farmers to prevent wastage of fodder and other agricultural produce used to feed animals during the dry seasons.
Silage is produced by the actions of microorganisms especially bacteria that degrades materials such as chopped feed, pressed grass and pulps, which require storage conditions with atmosphere barrier and compacting functionality. Silage bags used to store silage are made of 3 layers of coextruded polyethylene comprising of 2 white layers to make the bag weather proof and 1 black layer which protects the grain from sun light. The silage bag prevents the product from water and atmosphere contact, thereby increasing the shelf life of the product.
Silage bags prove useful in the preventing the wastage of agricultural products, thus coping up the demands of increasing world population for food supply.
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:
Based on grain types, the silage bags market is segmented into:
Silage Bags Market: Region Wise Outlook
On the basis of geographical regions, the silage bags market is divided into following regions: North America, Latin America, Europe, Asia Pacific and Middle East.
Asia’s large and growing population coupled with rising incomes and a rapidly growing middle class is expected to drive the demand for silage bags market. Silage bag market is therefore anticipated to be dominated by Asia Pacific region during the forecast period. The world’s growing economy like India and China is also expected to boost the silage bags market in the coming years.
In addition, Australia is also expected to put a positive impact on the silage bags market as the country is majorly dependent on agriculture for its economy. However, Europe and North America is going to witness slower growth than Latin America. Middle East and Africa is also going to face a sluggish growth in silage bags market throughout the forecast period.
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.
The report covers exhaustive analysis on:
Regional analysis includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.