Global Baler Market Report By Size Share And Forecast To 20242033

Overview and Scope
The baler refers to a piece of farm equipment used to compact a harvest that has been scraped and sliced into manageable, transportable, and practical bales for storage. Bales can be rectangular or cylindrical, of varied diameters, wrapped with twine, strapping, netting, or wire, and produced by various types of balers, each of which is frequently employed. Additionally, industrial balers are used in material recycling plants, typically for the transportation of metal, plastic, or paper bales.

Sizing and Forecast
The baler market size has grown strongly in recent years. It will grow from $4.22 billion in 2023 to $4.57 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. 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..

The baler market size is expected to see strong growth in the next few years. It will grow to $6.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to circular economy initiatives, demand for recyclable materials, bioenergy production, urbanization and waste generation, emerging markets.. Major trends in the forecast period include 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..