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Agricultural baler also known as hay baler is a machinery used to compress a cut and raked crop (such as cotton hay flax straw and silage) into compact size bales. Agricultural balers makes bales that are easy to transport, handle, and store. Bales are majorly used in dry state to preserve the nutritional value of the plants bundled. Square shaped bales are easy to handle, store, and transport and wastage of cheap crops are baled into square shape. The advantage of round bales is to shed rain water when they are properly stored in outdoor. Two types of technologies are available for round balers, which include belts and dual chains connected by bars. Chain baler technology uses chains and connecting bars combined with a roller at the bottom of the chamber to spin the material while the belt balers have a series of belts and rollers that spin the material in the chamber.

Market Dynamics

  • Machinery always saves time & energy and agricultural baler helps in saving both of them in contrast to collecting and storing bales manually. Square baler machinery is preferred over round baler machinery due to their efficient speed and constant work productivity. Agricultural baler offer advantages such as high baling capacity, easy storage of bales, and shaping of hay. Baler machine is able to collect the material and gives maximum tonnage per bale in contrast to collection of hay manually. Baler machine can also make bale from wastage of plastic, paper, fiberboard, foils and cans. These balers are used to save time and money and to decrease the input or labor cost. According to Food and Agricultural Organization (FAO), total agricultural area harvested in 2016, was 718 million hectare and it grew at the rate of 0.8% from 2015. To collect the wastage from such mass area, agricultural balers are required.
  • Growth in the production of wheat and other cereal may increase demand for agricultural baler, as it clears out the wastage from the land easily and help farmers to sow new seeds. According to a statistics of Food and Agricultural Organization (FAO), global production of wheat was 749 million tons in 2016, and grew at the rate of 1.7% from 2015.
  • However, consumer should take measures before operating the agricultural baler machine, as it is heavy in weight, unsuitable during rainy season, and requires regular maintenance of the machinery. Agricultural baler consumes high amount of energy and its emission of carbon dioxide are also high, and such disadvantages may restraint growth of the agricultural baler market.

Market Outlook

  • Among product type, squared shaped balers segment accounted for the highest market share in the Agricultural Balers Market in 2017. This is due to its advantages such as easy formation of bales, maximum tonnage, which occupies less space, and easy handling & transportation of bales. Manually collecting and making bales consumes more time, whereas baler machine helps to provide maximum tonnage and it occupies less storage space. Farmers and agricultural companies prefer this type of product due to its wide acceptance and advantages.
  • Among applications, hay compressing segment was dominant in the market in 2017. Hay comprises the maximum amount of wastage after the harvesting of the crop. The segment is projected to have dominant position in the market over the forecast period.
  • North America held highest market share in the global Agricultural Balers Market in 2017. The region is projected to maintain its dominance over the forecast period, owing use of modern agricultural tools, large mainland for agriculture, and capital intensive harvesting. According to a report by United States Department of Agriculture in Feb 2018, average farm size in USA has increased from 426 acres to 444 acres during 2010 to 2017.
  • Asia Pacific is projected to be the fastest growing region in the market over the forecast period, owing to key factors such as increased acceptance of such agricultural balers by farmers, decreasing input costs, and increasing agricultural activities. Indian government has taken various digital and technological initiatives to help Indian farmers by providing subsidies for purchasing various agricultural machinery. Also, several apps are launched to help farmers such as Kisan Suvidha, Pusa Krishi, and MKisan Application.                            

Key players in Global Agricultural Baler Market

  • Key players operating in the global Agricultural Balers Market include John Deere, Vermeer, Claas, Krone, Minos, Abbriata, Case IH, Massey Ferguson, Kuhn, New Holland, and Foton Lovol.
  • Key market players are launching new types of agricultural baler machinery in order to meet rising demand from farmers and companies. For instance, New Holland Agriculture launched Roll Baler 125 in China in 2017, and it received the technological innovation award in China. This machinery reduces the loss of hay while making bale and provides perfect grip. Also, it can easily handle heavy grass, dense hay or large dry brittle straw.

Key Developments

  • Key players are adopting in-organic growth strategies such as new product launches in order to expand its product portfolio in the agricultural balers market. In November 2019, New Holland Agriculture which is one of the world’s leading agriculture equipment brands has recently delivered the first BigBaler 890 Plus in the Indian Market. The new BigBaler 890 model takes the baler range to a whole new level of productivity and efficiency, and delivers best-in-class bale quality with up to 10% more density.
  • In 2017, John Deere introduces new baler-wrapper machines to round baler portfolio in the North America to help in producing all types of forages. The company has launched round baler line-up include C451R and C461R Combination Round Balers, which can help producers to efficiently cut, bale and wrap all types of forage.
  • In 2017, New Holland Agriculture BR6090 Round Baler won Gold Award at China’s Agricultural Machinery Products of the Year. The New Holland BR6090 Round Baler was bestowed with the Gold Award for Application Contribution.

Market Taxonomy

On the basis of product type, the global Agricultural Balers Market is segmented into:

  • Square Baler
  • Round Baler

On the basis of application, the global Agricultural Balers Market is segmented into:

  • Hay Compressing
  • Cotton Compressing
  • Straw Compressing
  • Silage Compressing
  • Others

On the basis of end user, the global Agricultural Balers Market is segmented into:

  • Individual
  • Industrial

On the basis of region, the global Agricultural Balers Market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users