According to the latest report by IMARC Group, titled “Baler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global baler market is expected to exhibit a CAGR of 8.7% during 2022-2027.
Baler represents mechanical equipment used for cutting and compressing raked crops, such as hay, cotton, flax straw, silage, etc., into small square, sphere, or rectangle-shaped bales. It is convenient to handle, transport, store, etc. This equipment is commonly available in the belt- and chain-based variants. Belt balers consist of a series of rollers and belts, while the latter use connecting bars, chains, and rollers at the bottom of the chamber to spin the material. They are generally manufactured by using sheet steel and comprise of several components, including hydraulic cylinders, wheels, belts, pumps, tires, etc. These balers assist in maintaining the nutritional content of the bundled crops and find extensive applications to produce bale from fiberboard, can, plastic, paper, and foil waste.
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Baler Market Growth Drivers:
The expanding agriculture industry and the growing automation of the farming infrastructures are primarily driving the baler market. Additionally, the launch of various favorable policies by the government bodies across countries for promoting sustainable agricultural practices is further catalyzing the market growth. Besides this, the widespread product adoption by farmers to utilize crop residue and increase the productivity of the soil is acting as another significant growth-inducing factor. Moreover, the development of metal recycling balers that are highly cost-effective and aid in minimizing the energy consumption and dependency on mining of the metal is augmenting the global market. Apart from this, the introduction of innovative equipment with improved mechanized capabilities is anticipated to fuel the baler market over the forecasted period.
Baler Market Companies Includes:
- AGCO Corporation (NYSE: AGCO)
- American Baler Company (Avis Industrial Corporation)
- CLAAS KGaA mbH
- CNH Industrial N.V. (NYSE: CNHI)
- Deere & Company
- IHI Corporation
- International Baler
- Kubota Corporation
- Kuhn SAS
- Vermeer Corporation
Baler Market Segmentation:
The report has segmented the global baler market on the basis of product, distribution channel, application, end user and region.
Breakup by Product:
- Round Balers
- Square Balers
Breakup by Distribution Channel:
Breakup by Application:
- Livestock Industry
Breakup by End User:
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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