Baler Market 2022, Trend Analysis, Company Profiles with Strategies 2027
Posted by Rahul Gautam on December 23rd, 2022
According to the latest report by IMARC Group, titled “Baler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the considerable expansion in the agricultural industry, the growing adoption of livestock farming and the increasing need for automation to improve farm productivity and meet rising food demand are primarily driving the market growth.
Year considered to estimate the market size:
The global baler market is expected to exhibit a CAGR of 8.7% during 2022-2027.
Market Trends and Drivers:
The favorable initiatives by governments to support sustainable and modern agricultural approaches by providing advanced mechanized equipment is favoring the market growth. Moreover, the advent of inexpensive metal recycling balers that help to minimize energy consumption and their usage in warehouses to compress loose waste or recyclable materials to optimize waste handling process are impelling the baler market growth. Additionally, the integration of cutting-edge technology into farming and the launch of automatic wire-tying balers with advanced features are acting as growth-inducing factors. Besides this, the rising popularity of animal husbandry is supplementing the demand for balers, as they assist in maintaining feed availability by assisting with transportation, storing straws and hays, and providing adequate fodder, thus, supporting the market growth.
A baler is a mechanical equipment that is used to compress several raked crops, including cotton, flax straw, hay, and silage, into manageable, transportable, and storage-friendly compact bales. It is usually manufactured from steel frames and comprises hydraulic cylinders, wheels, belts, pumps, and tires as standard components. Baler helps maintain the nutritious content of bundled crops and reduce card waste volume; therefore, it is employed in the production of bales from fiberboard, cans, plastic, paper, and foil waste.
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Competitive Landscape with Key Players:
The competitive landscape of the global baler industry has been studied in the report with the detailed profiles of the key players operating in the market.
Leading Key Players Operating in the Baler Market Includes:
The report has segmented the global baler market on the basis of product, distribution channel, application, end user and region.
Breakup by Product:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by End User:
Breakup by Region:
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Key Highlights of the Report:
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About the AuthorRahul Gautam
Joined: June 14th, 2018
Articles Posted: 80
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