Press release
Baler Market: Growth Drivers, Key Trends, and Forecast from 2024 to 2029
Baler Market
What Is The Projected Market Size Of The Global Baler Market And Its Growth Rate?
• The baler market size was $4.53 billion in 2024.
• It will grow to $4.89 billion in 2025, at a CAGR of 7.9%.
• Primary growth factors in the historic period include waste management needs, agricultural practices, paper, and pulp industry requirements, efficiency and labor savings, the growth of the dairy and livestock industry, and environmental awareness initiatives.
• It is expected to continue to grow strongly in the coming years, reaching $6.75 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%.
• This future growth will be attributed primarily to circular economy initiatives, demand for recyclable materials, bioenergy production, urbanization and waste generation, and emerging markets.
What Is Driving The Growth In The Baler Market?
The baler market's growth is being driven by the growing adoption of livestock farming. Livestock farming, which involves raising and domesticating animals, is becoming increasingly popular due to rising meat demand. This higher demand for meat consequently results in a higher demand for balers. For instance, a 2024 report from the UK-based government agency, Department for Environment Food & Rural Affairs, indicated that the total pig population in England had increased by 1.3%, reaching 3.7 million animals. This livestock farming trend is expected to continue to drive the growth of the baler market in the coming years.
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Who Are the Key Players Driving Baler Market Growth?
• 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 Key Trends In The Baler Market?
• Integration of IoT and smart technologies
• Customization for different materials
• Growth in e-commerce packaging recycling
• Expansion of baler rental services
• Integration of conveyor systems
• Global market expansion
What Are The Segments Of The Global 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
Which Region Leads The Baler Market?
Asia-Pacific emerged as the largest region in the baler market in 2024. The baler market report covers all regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Baler Market Global Market Report?
- Market Size Analysis: Analyze the Baler Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Baler Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Baler Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Baler Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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