Home
»
Press Room
»
Baler Market To Reach $11.90Bn By 2030 | CAGR: 10.6%

Baler Market To Reach $11.90 Billion By 2030 | CAGR: 10.6%

January 2025 | Report Format: Electronic (PDF)

Baler Market Growth & Trends

The global baler market size is estimated to reach USD 11.90 billion by 2030, registering to grow at a CAGR of 10.6% from 2025 to 2030 according to a new report by Grand View Research, Inc. Baler is used for squeezing together a cut and raked crop to form compact bales, which are easier to handle, store, and transport. The market is primarily driven by the growing demand in the Asia Pacific region, coupled with rising government initiatives to encourage balers' adoption. For instance, in 2018, the state government of Andhra Pradesh, India, provided paddy balers at a subsidy of fifty percent. As a result, approximately 150 to 200 new farmers adopted balers in the state.

The growing adoption of livestock farming due to the increasing demand for meat is expected to augment the demand for balers over the forecast period. Farmers are increasingly adopting baler as it is convenient to use bales for the transportation and storage of straw and hays. Furthermore, leading baler manufacturers, such as CNH Industrial N.V, Deere and Company, and KUBOTA Corporation, are investing in the development of customized balers to cater to the different needs of the farmers.

The market is characterized by a moderate degree of competition due to the presence of several companies operating at the global level. These companies are investing in R&D to enhance their product offerings by the introduction of technologically-advanced equipment. For instance, in July 2019, Kubota Corporation established a new research and development center in Georgia. Through this, the company aims to determine the specific needs of the North American market accurately. The center is dedicated to the development of mowers, utility vehicles, and balers.

Request a free sample copy or view report summary: Baler Market Report

Baler Market Report Highlights

Round balers dominated the market with the largest revenue share of 57.1% in 2024. his is attributed to the lower power requirement of mini round bales as compared to the square balers.
The square balers are expected to grow at a significant CAGR of 9.6% over the forecast period.
Asia Pacific baler industry dominated the global market with the largest revenue share of 39.4% in 2024.