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Baler Market Share Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share Share
Baler Market Share
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.
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What is the future CAGR of the baler market, and how will it impact industry expansion?
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.
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.
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What are the most significant trends transforming the baler market today?
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.
Which key market segments comprise the baler market and drive its revenue growth?
The baler market size has grown strongly in recent years. It will grow from $4.53 billion in 2024 to $4.89 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to waste management needs, agricultural practices, paper and pulp industry, efficiency and labor savings, growing dairy and livestock industry, environmental awareness.
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What regions are at the forefront of baler market expansion?
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.
Who are the leading players fueling growth in the baler market?
Major companies operating in the baler market are 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
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What Is Covered In The Baler Global Market Report?
• Market Size Forecast: Examine the baler market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the baler market for a structured understanding.
• Key Players Overview: Analyze major players in the baler market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the baler market.
• Segment Contributions: Evaluate how different segments drive overall growth in the baler market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the baler market.
• Industry Challenges: Identify potential risks and obstacles affecting the baler market.
• Competitive Landscape: Review strategic developments in the baler market, including expansions, agreements, and new product launches.
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