Surge Bin Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.5 Billion by 2033 at a CAGR of 9.2% from 2026 to 2033.
In 2022, the global surge bin market was valued at approximately USD 1.5 billion and is projected to reach USD 2.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2030. North America held the largest market share at 35%, followed by Asia Pacific at 30%, Europe at 25%, and Latin America and the Middle East & Africa each at 5%. The Asia Pacific region is expected to witness substantial growth due to rapid industrialization and increasing demand in agriculture and food processing industries. The market segmentation by application in 2023 showed the foodstuff segment leading with 40% of the total revenue, followed by seed at 25%, soil at 20%, and other applications at 15%. The seed application segment is projected to grow at the fastest rate during the forecast period, with a growth rate of 8% CAGR, driven by the growing demand for efficient agricultural processes. Opportunities in the surge bin market are emerging from technological advancements, increased automation in material handling, and the growing need for efficient storage solutions across various industries globally.
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Mayer GmbH
Bouldin & Lawson LLC
CIMBRIA A/S
Coperion GmbH
Western
MAFA Silos AB
Conair
LUXION
Cedarapids
Pioneer
Ensign Equipment
Inc
National Bulk Equipment
Thurne Teknik AB
Plant Works Group
AEC
EMT
DME
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Surge Bin Market
Steel Surge Bins
Plastic Surge Bins
Composite Surge Bins
Aluminum Surge Bins
Agricultural Surge Bins
Food Processing Surge Bins
Pharmaceutical Surge Bins
Chemical Processing Surge Bins
Open-Top Surge Bins
Closed Surge Bins
Custom-Shaped Surge Bins
Standard Surge Bins
Standalone Surge Bins
Automated Surge Bins
Integrated Surge Bins with Conveyors
Smart Surge Bins with IoT Capabilities
Small Capacity (up to 500 liters)
Medium Capacity (500 to 1500 liters)
Large Capacity (1500 to 3000 liters)
Extra Large Capacity (above 3000 liters)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Surge Bin Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Surge Bin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Surge Bin Market, By Type
6. Global Surge Bin Market, By Application
7. Global Surge Bin Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Surge Bin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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