Baler Market Size To Hit USD 8.9 Billion By 2027
San Francisco, 30 December 2024: The Report Baler Market Size , Share & Trends Analysis Report By Product (Round Balers, Square Balers), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2020 - 2027 The global baler market size is expected to reach USD 8.9 billion by 2027, according to a study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 8.9% from 2020 to 2027. 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 ...