GRAIN STORAGE SILO MARKET ANALYSIS
Market Drivers:-
Global grain storage silo market is expected to be driven by rising food grain production coupled with increasing population across the globe. For instance, according to the report published by United Nations on ‘World Population Prospects 2019’, the current population across the globe is estimated to be 7.7 billion and it is expected to reach around 8.5 billion by 2030, 9.7 billion by 2050, and 10.9 billion in 2100. Therefore, the growing population would lead to rise in the production of food grain to feed and need for its storage, which is expected to propel growth of grain storage silo market.
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