What Has Been The Historical And Current Growth Of The Baler Market?
The baler market has seen considerable growth due to a variety of factors.
• The baler market has seen significant expansion in recent years. Its size is projected to increase from $4.53 billion in 2024 to $4.89 billion in 2025, marking a compound annual growth rate (CAGR) of 7.9%. The market's growth in the past has been propelled by factors such as the need for waste management, agricultural operations, the paper and pulp sector, efficiency improvements and labor cost reductions, the development of the dairy and livestock segments and heightened environmental consciousness.
What Are The Predictions for The Baler Market Size In The Coming Years?
The Baler market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for significant expansion in the baler market in the coming years, with projections showing growth to $6.75 billion in 2029, at a compound annual growth rate (CAGR) of 8.4%.
Factors contributing to this projected growth during the forecast period include initiatives related to the circular economy, increasing demand for recyclable materials, bioenergy production, increased urbanization and waste generation, as well as emerging markets. Other significant trends expected within this forecast period are the implementation of IoT and smart technologies, customized solutions for diverse materials, growth in the recycling of e-commerce packaging, an increase in baler rental services, incorporation of conveyor systems, and a world-wide market expansion.
Which Drivers Are Accelerating Growth In The Baler Market?
The baler market is witnessing growth fueled by increasing interest in livestock farming. This farming method, which involves raising and domesticating animals, is being anticipated to witness escalating popularity. Consequently, it would enhance the demand for balers throughout the projected period, primarily due to the expected rise in meat consumption. For example, as per an August 2024 report by the Department for Environment Food & Rural Affairs, a government agency from the UK, England's total pig population increased by 1.3%, reaching to 3.7 million. Conversely, the count of breeding pigs fell by 1.0%, summing up to 326,000 animals, but the fattening pigs count surged by 1.5%. Therefore, it is expected that the increasing shift towards livestock farming will stimulate the expansion of the baler market.
What Are The Core Segments Of The Global Baler Market?
The baler market covered in this report is segmented –
1) By Product: Round Balers, Square Balers
2) By Industry: Agriculture, Livestock, Other Industries
3) By Size: Bound with Twine, Strapping, Netting, Wire
4) By Application: Hay Compressing, Straw Compressing, Cotton Compressing, Other Applications
5) By End Use: Individual, Commercial
Subsegments:
1) By Round Balers: Fixed Chamber Round Balers, Variable Chamber Round Balers
2) By Square Balers: Standard Square Balers, High-Density Square Balers, Small Square Balers
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Which Emerging Trends Are Reshaping The Baler Market Size?
Advancements in technology play a significant role in recent trends in the baler market. Key players in this market are exploring different technological capacities and developing superior products. For instance, New Holland Agriculture, a US agricultural machinery manufacturer, introduced a baler featuring a premium Pro-Belt in March 2022. This baler comes in two variations: one with a rotor feeder and another with a 25-knife rotor cutter, both offering a variable chamber with a maximum bale size of 165 cm and 190 cm respectively. Standard features include an automatic greaser, a moisture meter, service lights, and IntelliBale compatibility. The Pro-Belt's robust nature, characterized by fewer chains and rollers than the established roll belt, ensures reliability for heavy annual usage in any cropping condition, additionally bolstered by oversized rollers, bearings, and diamond chains.
Who Are the Key Players In The Baler Market?
Major companies operating in the baler market include:
• AGCO Corporation
• CLAAS KGaA mbH
• CNH Industrial NV
• Deere & Company
• IHI Corporation
• International Baler Corporation
• Kubota Corporation
• Kuhn SAS
• Vermeer Corporation
• Maschinenfabrik Bernard Krone GmbH
• American Baler Company
• Mahindra & Mahindra Limited
• Same Deutz - Fahr Group SpA
• McHale
• Takakita Company Limited
• Krone NA Co.
• Kartar Agro Industries Pvt.
• Harris Equipment Corporation
• Balewulf Line of Balers
• Bramidan A/S
• Maren Balers & Shredders
• Harmony Enterprises
• PTR Baler & Compactor
• Komar Industries Inc.
• Excel Manufacturing Ltd.
• Kenburn Waste Management Ltd.
• Avermann Maschinenfabrik GmbH & Co. KG
• Strautmann Umwelttechnik GmbH
• HSM GmbH + Co. KG
• Presona AB
What Are The Regional Insights Into The Baler Market?
Asia-Pacific was the largest region in the baler market in 2024. The regions covered in the baler market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
