Baler Industry Overview The global baler market size was valued at USD 5.1 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2020 to 2027. Balers are used for bailing hay and compressing raked and cut crop. Technological advancements in the agricultural industry aimed at improving the farm yield and fulfilling the increasing demand for food are driving the market. Additionally, a surge in demand for balers from the Asia Pacific region is expected to drive the market over the forecast period. The demand for balers is anticipated to gain momentum owing to the growing adoption of livestock farming across the globe. Rapid urbanization, rise in disposable incomes, and change in lifestyles and dietary habits are the factors responsible for globally growing livestock production. Agricultural balers play a crucial role in ensuring feed supply for livestock animals. Similarly, they provide added convenience to the farmers by aiding transportati...