According to the latest report by IMARC Group, titled "Baler Market Report by Product (Round Balers, Square Balers), Distribution Channel (Online, Offline), Application (Agriculture, Livestock Industry, and Others), End User (Individual, Commercial, Industrial), and Region 2025-2033," the global baler market size reached USD 5.0 Billion in 2024. Baler refers to a farm machine used to cut and compress raked crops, such as hay, cotton, flax straw and silage, into compact bales. There are two types of balers, namely, chain- and belt-based balers. This equipment is manufactured by using sheet steel and comprises tires, hydraulic cylinders, wheels, pumps, belts, and chains. Industrial balers are used for producing bales from plastic, paper, fiberboard, and foil waste. They are convenient to store, handle, and transport. Balers are cost-effective and help maintain the quality of the bundle, due to which they are extensively applied in the agriculture, livestock, and recycling industries.
Global Baler Market Trends:
A significant expansion in the agriculture industry, along with rising automation of the farming infrastructure, represents the key factor driving the market growth. In line with this, farmers are increasingly shifting to smart farming methods for effectively utilizing crop residue and improving farm yield. This mechanism is helping to cater to the escalating food demand across the globe. Additionally, the development of industrial balers to minimize energy consumption and the increasing presence of various retailers and product suppliers are fueling the market growth. Looking forward, the market value is projected to reach USD 9.7 Billion by 2033, expanding at a CAGR of 6.99% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Product, Distribution Channel, Application, End User, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | AGCO Corporation, American Baler Company (Avis Industrial Corporation), CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, IHI Corporation, International Baler, Kubota Corporation, Kuhn SAS and Vermeer Corporation |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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