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Industrial baler is used to condense any material including garbage, plastic, metal, paper, cloth, and other materials for further recycling or waste management activities. An industrial baler is a kind of machine, which compresses and binds together various materials like steel & aluminum cans, high-density polyethylene (HDPE), and Polyethylene terephthalate (PET), mostly waste material to make handling and transportation of waste products easy. In the wake of the need of the recycling of materials because of the less availability of the resources, the industrial baler market is experiencing growth in the market. The manufacturers of the industrial balers manufacture different kind of balers depending on the size and nature of the material to be compressed.Â
Growth in the industry of agriculture and need of balers into the agricultural market drive the demand for industrial balers. Increase in product awareness among the end users especially farmers who buy balers to compress and bind together huge quantities of hay owing to the need of feeding the livestock in a large quantity and also for the transportation of agricultural products. More stringent government regulations regarding proper disposal of waste material drives the growth of the balers market. More focus is being put on recycling of waste materials especially that of plastic and metals material to reduce the impact of these wastes on the environment owing to the stringent regulations formed by the government and the growing awareness of environmental protection. The factor that hinders the growth of baler industries include high cost of balers and requirement of regular maintenance after proper installation. But this problem does not stop the market from flourishing because it helps save the cost of transportation of materials and labor cost that is required to pick and collect all the materials at the right place.
North America is expected to gain the market share due to industrialization and technological advancement in the region. The U.S. is a key market in North America due to high demand for industrial baler machines in the country. Asia-Pacific is expected to witness significant demand for industrial baler machines. China and India will be the key markets in the region. India mainly known for its agricultural heritage and has been generating revenues through Agricultural activities will be the major market for the baler industries. Also, China and the U.S., which are the hub of manufacturing and production will be the epicenter of the baler market.
More stringent rules by the government authorities for more environment friendly production techniques and handling of waste materials and increase of product awareness among the end users are the factors that drive the growth of the industrial balers market. However, high cost prices and requirement of regular maintenance hinder the market growth. Contrarily, investments in automotive and agriculture industry, launches of new stringent regulations to treat the waste material, requirement for cutting costs of transportation, and labor present new pathways in the industry.
The industrial baler market trends are as follows:
The launch of new products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. Companies like Claas KGaA mbH, Massey Ferguson are adopting more automation techniques to save labor costs and make work environment condition more safe and reliable. Manufacturers are upgrading the balers and improving it by the use of technological advancement by adopting to more automation techniques and meeting the safety standards of the industry.
For instance, Claas KGaA mbH introduced new stationary chamber round balers in 2018 named Rollant 620, with 1.50 m diameter of bale. This has been developed for harvesting of hay and straw with high throughput and bale density. Similarly, Massey Ferguson, launched new series MF 2200 (large square balers) in Aug 2013 which includes a new Packer Cutter for the MF 2240 and MF 2250 models. In Aug, 2017, the Deere and Company introduces five new models for precutter baler (1.5m) and round bale accumulators. These all models comprise of the new (0 Series Round Balers), which are built upon the nine series balers and comprise of new features which improve balling speed, hay pickup and productivity in the field. Also, more emphasis is given on the training of the farmers and many other end users to make it more compatible for use.
Manufacturers such as Deere & Company (John Deere), International Baler Corporation have been focusing on producing new and advanced products for specific applications as there are varying demands based on the utilization. More investment is likely to be infused into the automotive and agriculture sector indirectly resulting in growing need of waste management activities to lessen the impact of by-product waste on the environment like the Indian automotive is expected to receive $8-$10 billion dollar by 2023 as said the government owing to the fact that the country received $16.5 billion dollar from FDI’s. Stringent rules like ACT Waste Management Strategy Queensland’s Waste Reduction and Recycling Strategy and many more such strategies have been introduced by the Government for the production companies to handle the waste. Many such waste products can be recycled and used it again thereby putting less pressure on the depletion of the resources and work in a sustainable manner. It also helps save costs related to labor and transportation, thereby increasing the profit of the industry. Â
Key benefits of the report:
Industrial Balers Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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By Application |
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By End-user Industry |
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Key Market Players | ACE Equipment Company, BE Equipment, Inc., SSI Shredding Systems, Inc., WasteCare Corporation, Compactor Management Company, Action Compaction Equipment, Deere & Company (John Deere), Massey Ferguson, Westech Engineering Pty Ltd., International Baler Corporation, Maren Engineering Corporation |
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