Kenya Grain Storage Silos Market and Analysis Report – Opportunities and Forecast 2024-2031
Major Kenya Grain Storage Silos Market Drivers
Demand for Kenya grain storage silos is projected to take off owing to rise in agricultural productivity, increasing demand for large storage silos for grain storage, technological development in grain handling infrastructure, rise in the number of commercial farms. However, accomplishing self-sufficiency remains a critical challenge owing to grain losses. Inadequate storage facilities contribute to these losses, leading to price drops and decreased profits for farmers. The Kenya market for grain storage silos is driven by the necessity for suitable post-harvest storage facilities. Key drives for this market include fluctuating grain prices and a rise in demand for large-capacity storage solutions.
The Ministry of Agriculture and Livestock Development has planned to spend USD 225 million on National Farm Mechanization Program to achieve food security by raising farm mechanization across the country from merely 30% to around 50% along with the government also have plans to improve grain handling facility across the country. The mechanization program focuses on providing the farming community with essential support to increase farming functions and productivity, while also establishing an integrated marketing and logistics system to modernize the sector and improve its commercial viability and competitiveness. Also, in Kenya, Bakex Millers Limited announced the installation of a new wheat mill due to a considerable increase in the need for wheat products. The production capacity increases from 300 to 550 tons on a daily basis. The advanced technologies allow them to produce cost-effective and competent products to address the growing demand of prevailing as well as new customers.
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In addition, grain storage is of high significance across Kenya as it plays an important role in storing large amounts of grain for future export or use. Hence, the spoilage and decay of grains by birds, pests, and rodents cause losses to the crops in a huge amount. For instance, the market for grain storage silos in Kenya is big. In Kenya, farmers hardly hold huge amounts of stock during the marketing years. Stock of barley and wheat, soybean, corn, and other grains are almost wholly stored off-farm. In addition, players in Kenya grain storage silos market are also expanding their storage capacity of grain to store huge amounts of it, these factors lead the market growth in Kenya during the forecast period.
Segments covered in the Report
The Kenya Grain Storage Silos Market has been segmented on the basis of Type and Product. Based on the Type, the market is segmented into Steel Silos, Metal Silos, Other Types. Based on the Product, the market is segmented into Flat Bottom Silos, Hopper Bottom Silos, Grain Bins, Other Silos Types.
Report Coverage |
Details |
Market Revenues (2023) |
USD Million |
Market Base Year |
2023 |
Market Forecast Period |
2024-2031 |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Type, By Product |
Regional Coverage | Kenya |
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Market Segmentation
Kenya Grain Storage Silos Market by Type
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- Steel Silos
- Metal Silos
- Other Types
Kenya Grain Storage Silos Market by Product
-
- Flat Bottom Silos
- Hopper Bottom Silos
- Grain Bins
- Other Silos Types
Related Reports
- Published Date: Apr-2024
- Report Format: Excel/PPT
- Report Code: GR24AB-01-00203
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The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Kenya Grain Storage Silos Market and Analysis Report – Opportunities and Forecast 2024-2031
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