Industrial Balers Market by Type, Application, Forecast, 2020–2027 | Covid-19 Impact, Global Research Report, Key Segments

Industrial baler is used to condense any material including garbage, plastic, metal, paper, cloth, and other materials for further recycling or waste management activities. An industrial baler is a kind of machine, which compresses and binds together various materials like steel & aluminum cans, high-density polyethylene (HDPE), and Polyethylene terephthalate (PET), mostly waste material to make handling and transportation of waste products easy. In the wake of the need for the recycling of materials because of the less availability of resources, the industrial baler market is experiencing growth in the market. The manufacturers of industrial balers manufacture different kinds of balers depending on the size and nature of the material to be compressed.

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Growth in the industry of agriculture and the need for balers into the agricultural market drives the demand for industrial balers. Increase in product awareness among the end-users especially farmers who buy balers to compress and bind together huge quantities of hay owing to the need of feeding the livestock in a large quantity and also for the transportation of agricultural products. More stringent government regulations regarding the proper disposal of waste material drive the growth of the balers market.

More focus is being put on recycling of waste materials especially that of plastic and metals material to reduce the impact of these wastes on the environment owing to the stringent regulations formed by the government and the growing awareness of environmental protection. The factor that hinders the growth of baler industries includes high cost of balers and requirement of regular maintenance after proper installation. But this problem does not stop the market from flourishing because it helps save the cost of transportation of materials and labor cost that is required to pick and collect all the materials at the right place.

North America is expected to gain market share due to industrialization and technological advancement in the region. The U.S. is a key market in North America due to the high demand for industrial baler machines in the country. Asia-Pacific is expected to witness significant demand for industrial baler machines from 2019 to 2027. China and India will be the key markets in the region. India mainly known for its agricultural heritage and has been generating revenues through Agricultural activities will be the major market for the baler industries. Also, China and the U.S., which are the hub of manufacturing and production will be the epicenter of the baler market.

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Key Players

ACE Equipment Company, Action Compaction Equipment, BE Equipment, Inc., Compactor Management Company, Deere & Company (John Deere), International Baler Corporation, Maren Engineering Corporation, Massey Ferguson, SSI Shredding Systems, Inc., WasteCare Corporation, Westech Engineering Pty Ltd.

Key benefits of the report:

This study presents the analytical depiction of the industrial baler industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the industrial baler market share.

The current market is quantitatively analyzed from 2020 to 2027 to highlight the industrial baler market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed industrial balers market analysis based on competitive intensity and how the competition will take shape in the coming years.

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