Press release
Baling Twines (Baler Twines) Market Size to Reach USD 377 Million by 2031 at a CAGR of 3.2%
What is the market size of the Baling Twines (Baler Twines) Market?The global market for Baling Twines (Baler Twines) was valued at USD 303 million in 2024 and is projected to reach approximately USD 377 million by 2031, growing at a CAGR of 3.2% during the forecast period.
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Which companies hold the largest market share in the Baling Twines Market?
Global core manufacturers include Cotesi and Tama, with the top 3 companies collectively holding around 50% of the global market share. These companies lead due to strong product quality, distribution networks, and agricultural partnerships.
Which region dominates the global Baling Twines (Baler Twines) Market?
• Europe is the largest regional market, holding about 36% share.
• North America follows with approximately 29% share.
• Asia Pacific holds around 16% of the global market, supported by rising agricultural mechanization.
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What are the major types of Baling Twines available in the market?
• PP (Polypropylene) Twines - Known for durability, UV resistance, and cost-effectiveness.
• Natural Fiber Twines - Eco-friendly, biodegradable options preferred in certain applications.
What are the primary applications of Baling Twines?
• Crops - Used in baling hay, straw, and other harvested crops.
• Grasses - Widely applied in securing silage and forage for livestock feed.
Who are the key players in the Baling Twines (Baler Twines) Market?
Major companies in the industry include:
• Cotesi
• Tama
• Filpa
• Exporplas
• PIIPPO
• Asia Dragon Cord & Twine
• Karatzis
• Sicor
• Quanxiang
• UPU Industries Ltd
• T&H Packaging
• Xingtai Jiuxin
• Azuka Ropes & Twines
• Cordexagri
What factors are driving the growth of the Baling Twines Market?
• Increasing adoption of mechanized agriculture.
• Rising demand for durable and UV-resistant baler twines.
• Growing focus on sustainable packaging materials in farming.
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