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Baler Market Size - By Type (Horizontal Balers, Vertical Balers, Specialty Balers, Others), By Operations (Manual, Semi-Automatic, Fully Automatic), By Capacity, By Bale Shape, By Application, By Distribution Channel, Forecast 2024 - 2032


Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery

Publisher : MIR | Format : PDF&Excel

Baler Market Size - By Type (Horizontal Balers, Vertical Balers, Specialty Balers, Others), By Operations (Manual, Semi-Automatic, Fully Automatic), By Capacity, By Bale Shape, By Application, By Distribution Channel, Forecast 2024 - 2032

Baler Market Size

Baler Market was valued at USD 5.8 billion in 2023 and is estimated to grow at a CAGR of 4.8% between 2024 and 2032. The agricultural sector represents a significant portion of the baler industry. As global populations increase, there's a growing need for efficient agricultural practices to meet food and feed demands. Balers are essential for harvesting and baling crops such as hay and straw for animal feed, bedding, and biofuel production. Increasing mechanization in agriculture, particularly in emerging economies, drives the demand for balers as farmers seek to improve productivity and reduce labor costs.

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Balers are extensively used in various industrial and manufacturing processes for compacting and recycling waste materials generated during production. Industries such as packaging, printing, distribution centers, and retail generate large volumes of cardboard, plastic, and paper waste that need to be efficiently managed. Balers help these industries reduce waste volumes, optimize storage space, and improve recycling rates, thus driving demand. The increasing awareness of environmental issues and the push for sustainable practices drive demand for balers in recycling and waste management. Balers play a crucial role in processing recyclable materials such as cardboard, plastics, and paper into compact bales for easier storage, transportation, and recycling.
 

Baler Market Report Attributes
Report Attribute Details
Base Year 2023
Baler Market Size in 2023 USD 5.8 Billion
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 4.8%
2032 Value Projection USD 8.8 Billion
Historical Data for 2021 - 2023
No. of Pages 487
Tables, Charts & Figures 428
Segments covered Type, Operations, Capacity, Bale shape, Application, Distribution Channel, Region
Growth Drivers
  • Growing agricultural sector
  • Increasing manufacturing and industrial activities
  • Increasing recycling activities
  • Growing retail sector
Pitfalls & Challenges
  • High initial investment costs
  • Maintenance and operating costs

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One of the primary challenges for prospective buyers is the significant upfront investment required to purchase balers, especially for larger and more advanced models. The capital expenditure may deter smaller businesses or agricultural operations from investing in balers, limiting market penetration and potential sales. Balers require regular maintenance to ensure optimal performance and longevity. Maintenance costs, including repairs, replacement parts, and servicing, can add up over time, particularly for older or heavily used equipment. Additionally, operating costs such as energy consumption and labor can affect the overall cost of ownership for balers, posing challenges for businesses seeking to minimize expenses.

Baler Market Trends

There's a growing demand for compact and portable balers that offer flexibility and versatility in waste handling applications, particularly in smaller facilities, retail stores, and remote locations. Compact balers are designed to accommodate limited space requirements while still delivering efficient baling capabilities, making them ideal for businesses with spatial constraints or decentralized waste management operations. Internet of Things (IoT) technology is increasingly being integrated into baler systems, enabling real-time monitoring, diagnostics, and predictive maintenance capabilities. IoT-enabled balers can collect and analyze data on equipment performance, operational efficiency, and maintenance needs, allowing users to optimize equipment uptime, minimize downtime, and reduce overall operating costs.

Connectivity features also facilitate remote monitoring and control of baler operations, enhancing user convenience and efficiency. Increasingly, businesses are opting for rental or lease arrangements for baler equipment rather than outright purchases. Rental and lease models offer greater flexibility, lower upfront costs, and simplified maintenance arrangements, making them attractive options for businesses with fluctuating waste volumes or budget constraints. This trend is driving the growth of rental fleets and equipment leasing services offered by baler manufacturers and rental companies.

Baler Market Analysis

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Based on type, the horizontal balers segment accounted for over USD 2.7 billion in 2023 and is expected to reach USD 4.1 billion by 2032. Horizontal balers are well-suited for processing large volumes of materials efficiently. Demand for horizontal balers is driven by industries or facilities generating significant quantities of recyclable materials, such as cardboard, plastics, and paper. The ability to process large volumes quickly and create dense bales for easy storage and transportation appeals to businesses seeking to streamline their waste management processes and improve operational efficiency. Horizontal balers are commonly used in industrial and manufacturing settings where large quantities of waste materials are generated during production processes. Demand drivers for horizontal balers in these industries include the need to optimize waste handling, reduce storage space requirements, and improve recycling rates.

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Based on operations, the semi-automatic segment held the dominant market share of 46% in 2023. Semi-automatic balers offer a balance between manual operation and automation, providing improved efficiency and productivity compared to manual balers. Demand for semi-automatic balers is driven by businesses seeking to increase throughput and streamline waste handling processes while maintaining a level of operator control and flexibility. Demand for fully automatic balers is driven by businesses with high waste volumes seeking to maximize throughput, minimize labor requirements, and achieve consistent bale quality and production rates. Demand for manual balers is driven by businesses seeking cost-effective waste management solutions that require minimal investment in equipment and infrastructure.

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North America baler market valuation crossed USD 1.3 billion in 2023 and is expected to reach USD 2 billion by 2032. North America's robust agricultural sector contributes to demand for balers, particularly in regions with extensive farming operations. Balers are essential for harvesting and baling crops such as hay, straw, and forage for livestock feed, bedding, and biofuel production, driving demand from farmers and agricultural cooperatives. Stricter waste management regulations and sustainability initiatives at the federal, state, and local levels drive demand for balers in North America. Regulations aimed at reducing landfill waste and promoting recycling encourage businesses and municipalities to invest in balers for compacting recyclable materials such as cardboard, plastics, and paper. Businesses in North America prioritize cost savings, operational efficiency, and resource optimization, driving demand for balers that streamline waste management processes.

Baler Market Share

Baler business seem to be moderately fragmented in nature due to presence of local and global players across the globe. In 2023, the market players such as John Deere, Vermeer Corporation, Hesston by Massey Ferguson, New Holland Agriculture, Krone NA, Inc., Case IH Agriculture, Claas Group and Kubota Corporation collectively held around 10%-15% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Baler Market Companies

Major players operating in the baler industry are

  • Abbriata SRL
  • AGCO Corporation
  • Case IH Agriculture
  • Claas Group
  • Foton Lovol International Heavy Industry Co., Ltd.
  • Hesston by Massey Ferguson
  • IHI Corporation
  • John Deere
  • Krone NA, Inc.
  • Kubota Corporation
  • Kuhn Group
  • Mainero
  • McHale Engineering
  • New Holland Agriculture
  • Vermeer Corporation

Baler Market News

  • On January, 2024, New Holland launched Autonomous Bailing Technology. A novel technology, IntelliSense Bale Automation reportedly transforms the way customers and operators approach large square baling by delivering an automated solution for farmers. The new system is compatible with Class 3 ISOBUS tractors — specifically, the T7 LWB, T7 HD and T8 from New Holland — and model year 2022 and model year 2023 New Holland BigBaler Large Square Balers.
  • On August 2023, John Deere launched new connected 1 Series round balers. John Deere’s new 1 Series round balers are built with new technology to document bale moisture and weight while in the field and are designed to help farmers increase efficiency and return on investment.
  • On June 2023, Orwak launched a new series of balers. The new models 3075 & 3150 complement the other members of the COMPACT family well in size and capacity and produce impressive bales that are optimized logistically. The 3075 generates bale weights up to 70 kg and two bales fit perfectly on a Euro pallet. The 3150 produces cardboard bales that weigh up to 150 kg and the bale size is optimized for a Euro pallet. In other words, they offer substantial bales, yet compact machine design.

This baler market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion)(Thousand Units) from 2021 to 2032, for the following segments

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Market, By Type

 

  • Horizontal Balers
  • Vertical Balers
  • Specialty Balers
  • Others (Auto-tie Balers, Two-Ram Balers, etc.)

Market, By Operations

  • Manual
  • Semi-Automatic
  • Fully Automatic

Market, By Capacity

  • Small Balers
  • Large Balers

Market, By Bale Shape

  • Round Balers
  • Square Balers
  • Others

Market, By Application

  • Agricultural balers
  • Recycling & Waste Management balers
  • Retail
  • Others (Wire, etc.)

Market, By Distribution Channel

  • Direct sales
  • Indirect sales

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America 
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

Table of Content

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