Baler Market Key Players, Trends, Growth Opportunities and
Industry Forecast till 2023
“Growing product awareness among farmers and shifting
trend towards stationery wire tying balers are expected to
fuel the market demand for balers in the upcoming years.”
The Global Baler Market is subject to witness a substantial growth due to the increasing demand from
agriculture sector to carry out large-scale livestock feedlot operations. The balers are required to perform large-
scale livestock feedlot operations involving large amount of feeds rationed every hour. Growing product
awareness among farmers and shifting trend towards stationery wire tying balers are expected to fuel the
market demand for balers in the upcoming years.
Presence of number of tier-1 manufacturers in the North America and European region is anticipated to boost
the growth of balers market in the near future. Globally, the baler market is predicted to grow at higher CAGR
over the forecast period, providing numerous opportunities for market players to invest in research and
development of the baler market.
Increasing demand of balers from agriculture sector to carry out day-to-day operations is predicted to stimulate
market growth in the upcoming years. Additionally, rising adoption of balers in industrial and manufacturing
sector is driving market demand for balers, in the recent years. Application involving balers include product
recycling operations of plastic, metals, and paper for transportation. Factors such as better efficiency, cost-
effectiveness and portability of balers are expected to foster market growth over the forecast period. While, in
agriculture industry, balers are used to perform time consuming and heavy lifting operations.
The recent technological advancement in the agriculture sector coupled with development of the novel
products such as two-ram baler, single-ram baler and closed-door baler are estimated to drive market growth
exponentially over the forecast period. Various agriculture applications of the baler include, storage operations,
pick-up operations, handling operations and more.