How Is The Baler Market Shaping Up in Terms of Size and Growth?
The baler market size has been exhibiting a strong growth trajectory. Moving from $4.53 billion in 2024 to $4.89 billion in 2025, the market is set to advance at a compound annual growth rate (CAGR) of 7.9%. Factors underpinning this growth are efficiency and labor savings, environmental awareness, growing dairy and livestock industry, waste management needs, and trends in the paper and pulp industry.
Expected to race past $6.75 billion by 2029 at an enviable compound annual growth rate (CAGR) of 8.4%, the growth can be attributed to rides on the coattails of circular economy initiatives, burgeoning demand for recyclable materials, upswing in bioenergy production, and urbanization-led waste generation. Key trends influencing the market include the integration of Internet of Things (IoT) and smart technologies, expansion of baler rental services, growth of e-commerce packaging recycling, customization for different materials, and the integration of conveyor systems.
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What Are the Key Growth Drivers in the Baler Market?
The growing acceptance of livestock farming is ushering in a new era of growth in the baler market. Given the rising demand for meat, the market is fuelled by the increased need for balers to drive livestock farming throughout the forecast period. As corroborated by the report from the UK-based government agency, Department for Environment Food & Rural Affairs, in August 2024, a 1.3% rise in the total pig population in England led to a total population of 3.7 million animals. This trend underscores the increasing adoption of livestock farming, thereby catalyzing the growth of the baler market.
What Are the Defining Segments in the Baler Market?
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
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Who Are the Majors Players in the Baler Market?
The baler market features the presence of companies such as 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, and Presona AB.
What Are the Emerging Trends in the Baler Market?
Technological advancements are ushering in a new phase of growth in the baler market. The launch of a baler with premium Pro-belt in March 2022 by New Holland Agriculture, an agricultural machinery manufacturing company based in the U.S., validates this trend. These balers use larger rollers, bearings, and sprockets with diamond chains for a stronger build, making it more reliable for high-yearly use in all crop conditions.
Which Region Dominates the Baler Market Scenario?
Asia-Pacific cornered the largest share in the baler market in 2024. Other regions profiled in the baler market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Baler Market Report 2025 Offer?
The baler, referred to in the report, is a piece of farm equipment used to compact a harvest into manageable, transportable, and practical bales for storage. These balers are primarily used in material recycling plants for transporting metal, plastic, or paper bales. In the farming context, bales can be rectangular or cylindrical, strapped with twine, netting, or wire, and produced by various types of balers, each of which is frequently employed. The Baler Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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