The silage covers market is expected to grow at a CAGR of 5.8% from its current value of US$ 1.23 billion in 2022 to US$ 2.16 billion by the end of 2032. The usage of biodegradable materials is becoming more important because the use of conventional materials pollutes the environment and takes a long time to break down into the soil.
These materials are created using living things like sunflowers and plants like potatoes, maize, rapeseeds, etc. Additionally, it is advised that the biodegradable silage covers not be manufactured too thinly, as this could result in losses.
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Key Emphasize
- The global silage covers market is projected to expand at a CAGR of 5.8% and be valued at US$ 2.16 billion by 2032.
- The market registered 4% CAGR for the period 2017-2021.
- Reinforced polyethylene (RPE) dominates the market with 36.4% market share.
- Under the layer’s segment, double-layered silage covers hold a high market share of 71.8%.
- The European region is the market leader with 28.6% market share in 2021, followed by North America with 24.6% and South Asia & Oceania with 19.7%.
- Regional analysis reveals that demand for silage covers is projected to rise at CAGRs of 6.8% and 6.2%, respectively, in South Asia & Oceania and East Asia.
Competitive Analysis
The global silage covers market has come a long way, wherein, market players have evolved from offering single-layered silage covers to multi-layered and reinforced oxygen barrier silage covers in the market.
Companies are making use of high-density materials and advanced technology to manufacture silage covers to ensure better quality feed and less spoilage. Innovative product offerings are the go-to strategy of market players to maintain their dominant position and enhance their customer base to augment their revenue streams.
Prominent manufacturers of silage covers are focusing on launching quality products with multiple layers to attract more customers. They are launching covers with superior tear and puncture resistance, along with outstanding oxygen barrier qualities, which are acting as the backbone of the strategy adopted by them to enhance their market share in the global silage covers market.
- RAVEN in 2022 was acquired by Industrial Opportunity Partners and will now be known as Viaflex. The company will focus on developing and manufacturing lighter, thinner, and strong polymer films, along with sheeting solutions, to address product challenges.
- HUESKAR International 2021 launched a unique silage cover with full-surface tensioning, which is intelligently designed to provide an efficient, air-tight seal for silage covering. This silage covering does not require the use of sandbags or tyres for ballasting and also has a minimum projected life of 10 years.
Eminent Players
- Firestone Building Products
- RAVEN
- Poly-AG Corp
- Napco National
- Passion AG Holdings Ltd.
- Groupe Barbier
- Bock Silosysteme GmbH
- Ginegar Plastic Products Ltd.
- HUESKAR International
- Silage Packaging Co. Ltd.
- ARK Agriculture Ltd.
- Wiefferink B.V.
- Zill GmbH & Co. KG
- BTL Liners
Industry Survey
- By Material Type:
- Polyvinyl Chloride (PVC) Silage Covers
- Low-density Polyethylene (LDPE) Silage Covers
- High-density Polyethylene (HDPE) Silage Covers
- Reinforced Polyethylene (RPE) Silage Covers
- Other Material Types
- By Layer:
- Single-layered Silage Covers
- Multi-layered Silage Covers
- By End-use Application:
- Agricultural Sector
- Biomass Industry
- Other Applications
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
The global silage covers market report answers numerous pertinent questions, some of which are:
- What are some of the latent areas of investments in the market?
- Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
- What trends are likely to change the status quo of the positions held by leading players of the market in the not-so-distant future?
- Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the market?
- What are the strategies adopted by top players to retain their stronghold in the market?
- Which strategic moves will new entrants adopt to gain a strong foothold in the market?
- What are COVID-19 implications on the market and learn how businesses can respond, manage, and mitigate the risks?
How can Fact.MR Make Difference?
- In-depth understanding of key industry trends shaping the present growth dynamics
- Offers value chain analysis and price trend analysis of various offering of competitors
- Offers data-drive decision to help companies decide strategies that need recalibration
- Offers insights into areas in research and development that should attract
- Identifies data outliers before your competitors
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