The price of silos/vertical closed tanks in 2012 was $5,892 per cubic metre and in 2017 it was $5,335 per cubic metre.
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According to our research, the total value of the global milk tank market in 2012 was $1033.75 million, which will be reduced to $560.96 million in 2017. Based on our market research and our long-term tracking of the market, we have predicted that the global milk tank market will reach a value of US$521.60 million by 2022 and a compound annual growth rate of -1.44% from 2017 to 2022.
In terms of volume, the market share of horizontal closed tanks is greater than silos/vertical closed tanks and open tanks. In 2012, horizontal closed tanks accounted for approximately 69.82% and approximately 64.92% in 2017. In terms of value, silos/vertical closed tanks accounted for approximately 17.34% of the total in 2012, and silos/vertical closed tanks will account for approximately 32.61% of the total in 2017, indicating that silos/vertical closed tanks are becoming more and more popular. welcome.
In terms of price, the price of the silo/vertical closed tank is more expensive than the other two types. The price of silos/vertical closed tanks in 2012 was $5,892 per cubic metre and in 2017 it was $5,335 per cubic metre.
In terms of application, the application scale of dairy farms is larger than that of milk processing plants. In 2012, dairy farm applications accounted for about 72.48% of the total, while in 2017, residential housing will occupy about 77.06%.
The demand for milk cans is related to the development of the downstream dairy market. The Asia-Pacific region is one of the most important emerging markets, as China's opening of the second-child policy will certainly promote the further growth of China's dairy industry, which will also have a positive impact on the milk tank industry.