Agriculture Baler Market, By Type (Small Square Baler, Large Square Baler, and Round Baler), By Application (Hay Compressing, Straw Compressing, Cotton Compressing, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

An agriculture baler is an agriculture machine used to harvest hay, also termed as hay baler. Agriculture balers are produced from sheet steel. Additionally, they consists machineries such as hydraulic pumps, cylinders, wheels, and tires and belts, which are purchased from various dealers and assembled in plants. Tires and belts and are manufactured from polyester or nylon. Agriculture balers are utilized to assemble and compress the raked hay. Different types of balers are used to produce bale in different shapes (square, round, rectangular and so on). Balers are present in different features and types, moreover having different uses. The global agriculture baler market is driven by some major factors such as increasing production of cereals and growing automation in agriculture. Increasing growth of global population is propelling the food demand.

As per Food and Agriculture Organization (FAO), the global cereal harvested area in 2017 was 733 million hectares and it increased at the rate of 1.03% from 2015. The area is projected to increase further in the coming years. This is projected to drive the demand for agriculture balers. Shit of farmers from traditional agriculture techniques to smart farming which includes automation in farming practices. Utilization of automated machinery in agricultural activities is making farming efficient and economically feasible. These factors are expected to propel the global agriculture baler market.

However, high cost related with advanced agricultural tractors is a key factor limiting growth of the target market. In addition, increasing demand for refurbished tractors among farmers across the globe is another factor projected to restrain growth of the global market to a certain extent.

Agriculture baler market is segmented based on type, application, and region.

On the basis of type, the global agriculture baler market is segmented into small square baler, large square baler, and round baler. On the basis of application, the target market is classified into Hay compressing, straw compressing, cotton compressing, and others.

Regional Insights:

On region the global agriculture baler market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global market is projected to increase significantly over the forecast period, owing to addition of innovative technologies in farming. Low cost of farm equipment and government subsidies are encouraging farmers in developing economies to integrate modern agricultural practices. North America and Europe accounts for highest share in the global agriculture baler market. Capital intensive farm practices, shortage of labor, and growth in mechanization of agriculture activities are projected to hamper the share of the region over the forecast period. After North America and Europe, Asia Pacific is emerging as the fastest growing markets for agriculture balers. Strong economic growth is projected to boost the markets of these regions. Middle East & Africa is also expected to propel the agriculture baler market in the coming years.

Agriculture Baler Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application rends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global agriculture baler market report based on type, application, and region.

Agriculture Baler Market, By Type:

• Small Square Baler
• Large Square Baler
• Round Baler

 Agriculture Baler Market, By Application:

• Hay Compressing
• Straw Compressing
• Cotton Compressing
• Others

Agriculture Baler Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the global agriculture baler market includes McHale, CLASS KGaA mbH, Krone NA Co., International Baler Corporation, Vemeer Corporation, Kartar Agro Industries Pvt. Ltd., Takakita Co. Ltd., New Holland, Deer & Company, Hesston, IHI Corporation, and KUHN S.A. Key players are concentrating on development of efficient manufacturing processes. This strategy is projected to help them to be competitive in the target market.

• McHale
• CLASS KGaA mbH
• Krone NA Co.
• International Baler Corporation
• Vemeer Corporation
• Kartar Agro Industries Pvt. Ltd.
• Takakita Co. Ltd.
• New Holland
• Deer & Company
• Hesston
• IHI Corporation
• KUHN S.A.