Silos Córdoba Built A Turnkey Grain Terminal To Expand Its Business In The Global Grain Storage Silo Market
The growing production of food grain and increasing population around the globe is driving the growth of the grain storage silo market. 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. Thus, rapid growth in the population will create demand for food which will increase the production of food grains to feed and the need for its storage. This is fostering the growth of the grain storage silo market. Increasing focus of key manufacturer to a built storage facility for the grains is further anticipated to accelerate the growth of the market. For instance, in 2018, Silos Córdoba, manufacturer of steel silos for grain storage, built a turnkey grain terminal at the port of Antwerp, Belgium. The storage facility includes 37-grain silos for storing crops such as malt an...