PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1383384
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1383384
According to Stratistics MRC, the Global Batch Circulation Grain Dryer Market is accounted for $1.6 billion in 2023 and is expected to reach $2.6 billion by 2030 growing at a CAGR of 7.3% during the forecast period. Producing, distributing, and utilizing specialized machinery meant for drying harvested grains is the main emphasis of the agriculture and food processing sector known as the batch circulation grain dryer market. Additionally, in order to lower a grain's moisture content, maintain quality, and stop spoilage, batch circulation grain dryers work by continuously passing batches of grain through hot air. The equipment in this sector is diverse, ranging from big industrial systems used by grain handling facilities to small-scale units utilized by farmers.
According to the International Grains Council (IGC), the global wheat stock increased from 276 million metric tons in 2020, and the stock accounted for 278.0 million tons in 2021.
Agricultural businesses are increasing production to meet the growing worldwide demand for grains. Additionally, effective post-harvest procedures, such as drying, are required in light of the recent spike in grain production in order to maintain grain quality and avoid spoilage. Moreover, grain dryers with batch circulation are essential for lowering moisture content and increasing grain shelf life. Furthermore, they make it possible for farmers and agribusinesses to handle bigger crops more skilfully, guaranteeing that the excess can be properly kept and distributed. Hence, as a result, the growth of grain production is directly correlated with the need for sophisticated grain drying technologies, thereby significantly boosting market expansion.
Small and medium-sized farmers and other businesses with limited funding may find these dryers unaffordable because of their high initial investment demands. Moreover, the maintenance and operational expenses associated with batch circulation dryers can also be high, including costs for fuel, electricity, and regular maintenance checks. Additionally, the large initial expenditure includes the total cost of the drying apparatus as well as infrastructure costs for things like grain handling and storage systems. Thus, batch circulation grain dryer adoption may be significantly hampered by the total cost of ownership, which includes initial outlay and continuing costs.
Governments from all around the world provide regulations, subsidies, and incentives to promote the use of effective grain drying technology. Additionally, these actions frequently seek to enhance grain quality, minimize their negative effects on the environment, and promote energy efficiency. Moreover, farmers and agribusinesses now have easier access to modern drying equipment thanks to financial aid, tax breaks, and subsidies. Furthermore, the market is additionally fuelled by government rules and standards that emphasize sustainable agriculture and lower energy use. Therefore, government assistance not only accelerates the adoption of contemporary grain drying techniques but also advances improved food security and ecologically friendly farming methods.
Grain drying is an energy-intensive process that affects the environment by generating carbon emissions. Additionally, in order to meet emissions regulations and tackle environmental issues, additional funds must be spent on energy-efficient and emission-control systems, which could raise operating expenses. Furthermore, these dryers usually generate heat using fossil fuels, like natural gas or diesel, which increases air pollution and greenhouse gas emissions. Moreover, the environmental impact of batch circulation dryers is further compounded by their greater footprint and higher energy usage. Thus, the environmental difficulties linked to batch circulation grain dryers could hamper their general market adoption as sustainability and environmental consciousness gain momentum.
The batch circulation grain dryer market has faced a number of difficulties as a result of the COVID-19 outbreak. Supply networks were thrown off, which led to delays in the production and delivery of drying equipment and replacement parts. Additionally, the upkeep and servicing of the current equipment were hampered by travel limitations and safety worries. Moreover, the implementation of sophisticated grain drying methods may have been slowed by economic uncertainty that impacted investment decisions. Thus, by considering all the factors, the pandemic exposed weaknesses in the market's ability to adjust to unexpected disruptions, which hampered its efficacy and limited its expansion in the future.
The Grain Storage Bins segment is estimated to hold the largest share, due to the following drying process, these storage bins are crucial for maintaining and protecting dried grains. Additionally, they offer a safe, regulated storage space for grains, shielding them from elements like moisture, bugs, and the weather that can lower grain quality. Furthermore, effective and dependable grain storage bins are essential to the successful post-harvest handling of grains in the market, supporting both food security and the long-term financial viability of agriculture. Therefore, maintaining grain quality and avoiding spoilage require proper storage, which thereby boosts market expansion.
The moisture sensing and control segment is anticipated to have highest CAGR during the forecast period, due to the use of sophisticated systems and technology that allow for accurate grain moisture level monitoring and adjustment during the drying process. Additionally, these innovations aid in grain over- or under-drying prevention, energy consumption reduction, and drying efficiency optimization. Furthermore, this improves grain quality, storage capacity, and overall operational efficiency. Thus, this section is essential for contemporary and sustainable grain drying techniques in an era where there is a growing need for food security and resource conservation.
Asia Pacific commanded the largest market share during the extrapolated period. The Internet of Things and automation are being combined to monitor and control drying operations remotely, increasing productivity and lowering labor costs. Additionally, sustainability concerns have led to a rise in the use of energy-efficient drying technologies, including solar-assisted dryers and heat recovery. Moreover, the grain quality is preserved through accurate drying, which is made possible by improved moisture-sensing technology and predictive analytics that also avoid overdrying. Furthermore, the grain business in the region has become more competitive and productive as a result of the increasing usage of cloud-based and mobile applications for managing and optimizing drying operations.
North America is expected to witness highest CAGR over the projection period; owing to government regulations pertaining to the batch circulation grain dryer market in North America have prioritized sustainability and energy efficiency. Additionally, renewable energy and ecologically friendly drying technologies, like heat recovery units and solar-powered dryers, are being promoted by incentives and laws. Moreover, in order to encourage farmers and businesses to invest in cutting-edge grain drying technology, tax incentives and grants have been provided. Furthermore, these regulations encourage the sector to use cutting-edge, environmentally responsible drying techniques that boost output while lowering the carbon footprint of grain drying processes.
Some of the key players in the Batch Circulation Grain Dryer Market include: GSI (Grain Systems, Inc.), Sukup Manufacturing Co., Mathews Company, NECO (National Drying Equipment Company), Brock Grain Systems, Farm Fans, Inc., Shivvers Manufacturing, M-C Tron Inc., Delux Manufacturing Company and Superior Grain Equipment.
In March 2023, Mathews Company (M-C) launched a new grain handling product line that initially includes bucket elevators and distributors.
In January 2017, Mathews Company (M-C), a global manufacturer of agricultural equipment, announces the launch of a new grain dryer control system called Pinnacle 20|20.