The Global Grain Bunker Wall Market size is projected to grow from $1.4 billion in 2021 to nearly $2.7 billion by 2028, at a compound annual growth rate (CAGR) of 7%. The major drivers for this growth are increasing investment and production in emerging economies such as China and India; huge demand for grain export coupled with high demand for bunker walls in North America.
Grain Bunker Wall is a form of enclosure used in grain storage facilities. In this system, the top and sides are covered with a short-term protective covering material such as polyethylene or fiberglass. The roof may be made up of metal sheets that can support fire retardant coatings to prevent fires from spreading into adjoining buildings. The materials provide an impermeable barrier that protects against insects, birds, rodents, and rainwater penetration while allowing aeration for dry crops like rice.
On the basis of Types, the market is segmented into Concrete, Wood, and others.
A Concrete Grain Bunker Wall can be defined as a protective wall that is located in grain storage facilities. These walls are usually made of concrete, and they provide an extra layer of protection for the stored grains. They can come in a variety of thicknesses and dimensions to accommodate any size or type of container as well as various types of food grains such as rice, corn, and soybeans. Sometimes these walls have openings at regular intervals so that workers can walk through them without having to climb over them every time there's a need for servicing or making repairs inside the tanks.
Wood Grain Bunker Wall can be defined as a type of bunker wall made from wood. They are mainly used for the storage and transportation of grain, feed or other agricultural products in open-sided warehouses. Wood Grain Bunker Wall is a major piece of equipment that agriculture companies use to store their goods while they wait to be shipped off on trucks or rail cars.
Wood Grain Bunkers Walls can also be found at grain terminals where crops such as wheat, oats, barley, and rye come into port after being harvested before transporting them inland by trainload lots. Terminal elevators have large hoppers where grains are poured out onto conveyors that carry it up towards an overhead system called a "silo" which stores the product until it's ready to ship out again.
On the basis of Application, the market is segmented into Rice, Corn, Soy, and Others.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to grow at the highest CAGR during the forecast period. The agricultural sector in North America is quite developed, and many of its exports are grain-based commodities. The region's production of grains has been increasing steadily over recent years because it is a major supplier for global food security.
A number of new investments have also boosted the market growth in this region owing to increased demand for quality storage facilities from farmers and traders as well as technological advancements like automation systems, which help reduce labor costs.
The major growth drivers include fluctuations in crop yield and an increase in demand for corn as a food additive. The increasing demand will help drive up production capacity which may lead to price volatility during the forecast period of 2021-2028. This has led companies such as Rio Tinto Limited (Australia), GSI Group Inc., National Steel Corporation (US) among others, likely candidates for investment opportunities and experience strong revenue due to increased investments in expansion plans. Similar investment strategies adopted by these companies have helped them expand their network across different regions leading to a better distribution strategy.
Up Market Research published a new report titled “Grain Bunker Wall Market research report which is segmented by Types (Concrete, Wood, Others), By Applications (Rice, Corn, Soy, Others), By Players/Companies AGROTEL GmbH, ahrensagri, Bosch Beton GmbH & Co. KG, CBS Beton GmbH, EMT, GSI Group, HUNING Anlagenbau GmbH & Co. KG, robert-thebault, Wolf System GmbH, Moore Concrete, Hanson Silo Company, Wieser Concrete”.
Report Attributes | Report Details |
Report Title | Grain Bunker Wall Market Research Report |
By Type | Concrete, Wood, Others |
By Application | Rice, Corn, Soy, Others |
By Companies | AGROTEL GmbH, ahrensagri, Bosch Beton GmbH & Co. KG, CBS Beton GmbH, EMT, GSI Group, HUNING Anlagenbau GmbH & Co. KG, robert-thebault, Wolf System GmbH, Moore Concrete, Hanson Silo Company, Wieser Concrete |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 244 |
Number of Tables & Figures | 171 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Concrete, Wood, Others and By Application Rice, Corn, Soy, Others.
Some of the companies that are profiled in this report are:
Grain Bunker Wall Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Grain Bunker Wall Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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