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China Agriculture Baler Market to Grow at a CAGR OF 10.8% from 2021 to 2025
Publishing Date:2021-06-17     Reviews:     Font Size:【 Large Medium Small

China agriculture baler market was booming in the past 5 years. In 2015, this market was less than 8,000 units, but in 2019, annual sales were more than 36,000 units, growing at a CAGR of 45.6%. The top 3 factors that driving this growth are:

1. Substantial subsidiary of agriculture balers. Balers is one of best machinery choices to prevent the serious air pollution from strawing burning, which was another source of air pollution in the cities besides industrial pollution and banned by government. Furthermore, in addition to central government subsidiary, local government also provides subsidiary to attract farmers investing on agriculture balers. This has effectively promoted the widely acceptance and usage of balers in the rural area.

2. Straws provides another source for feed. The living standard of Chinese has improved substantially in the past 30 years, which lead to tremendous meat and eggs demands, and this in turn driving the growth of stock farming industry, hence more feedstuff needed. Balers transform the straws from maize, wheat, etc. into the useful feed.

3. As for the treatment of straw after crop harvest, crushing and returning to the field has a higher risk of disease and insect pests, and the treatment of straw rot and biological reaction takes a certain amount of time, so balers are undoubtedly the best choice for straw off-field processing.

Agriculture baler sales booming is part of the agriculture mechanization process in China. With the aged tendency of the population and less workforce in the agriculture sector, GRD Survey team believe this process is far away from slowing down. It is estimated that China agriculture baler industry will grow at CAGR of 10.8% in the 2021 to 2025 period and reach 45,000 units by 2025.

For more in-depth data and analysis, read Global Agriculture Baler Market Status and Forecast 2021-2027

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