Baler Market Size, Share & Trends Analysis growing at a CAGR of 10.6% from 2025 to 2030
The global baler market size was estimated at USD 6,404.7 million in 2024 and is projected to reach USD 11,902.8 million by 2030, growing at a CAGR of 10.6% from 2025 to 2030. Balers are used for baling hay and compressing raked and cut crops.
Key Market Trends & Insights
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
- In terms of segment, round balers accounted for a revenue of USD 4,128.7 million in 2024.
- Round Balers is the most lucrative product segment, registering the fastest growth during the forecast period.
Market Size & Forecast
- 2024 Market Size: USD 6,404.7 Million
- 2030 Projected Market Size: USD 11,902.8 Million
- CAGR (2025-2030): 10.6%
- Asia Pacific: Largest market in 2024
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Technological advancements in the agricultural industry aim at improving farm yield and fulfilling the increasing demand for food are driving the market. The increasing demand for efficient waste management solutions is a major driver, as balers help compact recyclable materials such as cardboard, plastic, and paper, making storage and transportation more efficient. Additionally, evolving agricultural practices and the growing need for bioenergy production are contributing to the market’s expansion.
Agricultural balers play a crucial role in ensuring feed supply for livestock animals. Similarly, they provide added convenience to the farmers by aiding transportation, storing straw and hays, and ensuring enough fodder for the livestock. The aforementioned benefits of balers in livestock farming are encouraging livestock farmers to opt for agricultural balers.
Rising demand from the Asia Pacific is anticipated to be a prominent factor in augmenting market growth in the next seven years. The increasing regional demand is attributed to the government’s and OEMs’ growing investments in developing advanced mechanization in the agriculture sector in India, Australia, and Southeast Asia. The growing need for technological development in the agricultural sector is also responsible for driving the regional market.
Product Insights
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. Round balers are very popular among farmers as they are easy to use and require lesser operation adjustments. Additionally, round balers produce bales with higher weather resistance than square bales, making them a preferred choice among farmers who need to store bales for a more extended period.
The square balers are expected to grow at a significant CAGR of 9.6% over the forecast period. This growth is largely driven by their ability to produce compact, uniform bales that are easier to handle, store, and transport compared to round bales. They are particularly favored in regions with limited storage space, and bale size precision is crucial for efficient stacking and storage. Advances in baler technology, such as automation and improved durability, are also contributing to the increasing adoption of square balers in the agricultural industry.
