What is Global Baling Twines (Baler Twines) Market?
The Global Baling Twines (Baler Twines) Market is a comprehensive study of the global market trends and growth prospects for baling twines, also known as baler twines. These are strong, durable twines used in agriculture and industry for binding and packaging purposes. The market encompasses a wide range of products made from different materials, including polypropylene (PP) and natural fibers. The market's value was estimated at US$ 280.8 million in 2022, and it is projected to reach US$ 356.1 million by 2029, growing at a compound annual growth rate (CAGR) of 3.2% from 2023 to 2029.
PP, Natural Fibers in the Global Baling Twines (Baler Twines) Market:
The Global Baling Twines (Baler Twines) Market is dominated by three major companies, which collectively hold about 50% of the market share. This indicates a high level of market concentration, with these key players exerting significant influence over market trends and developments. The remaining 50% of the market is shared among various other manufacturers and suppliers, contributing to the market's competitive dynamics.
Crops, Grasses in the Global Baling Twines (Baler Twines) Market:
Geographically, Europe is the largest market for baling twines, accounting for about 36% of the global market share. This can be attributed to the region's extensive agricultural activities, which require large quantities of baling twines for packaging and transporting agricultural products. North America follows Europe with a market share of about 29%, driven by its large-scale farming and industrial operations. The Asia Pacific region holds about 16% of the market share, with its market size expected to grow in the coming years due to rapid industrialization and increasing agricultural activities.
Global Baling Twines (Baler Twines) Market Outlook:
Baling twines are widely used in various applications, including binding crops and grasses. In the agricultural sector, they are essential for packaging crops such as hay, straw, and silage, ensuring their safe storage and transportation. The twines' strength and durability make them ideal for these applications, as they can withstand the weight and pressure of the packaged crops without breaking. Similarly, baling twines are also used for binding grasses, especially in landscaping and gardening activities. They help in maintaining the shape and structure of the grass bundles, making them easier to handle and transport.
| Report Metric | Details |
| Report Name | Baling Twines (Baler Twines) Market |
| Accounted market size in 2022 | US$ 280.8 million |
| Forecasted market size in 2029 | US$ 356.1 million |
| CAGR | 3.2% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Cotesi, Tama, Filpa, Exporplas, PIIPPO, Asia Dragon Cord & Twine, Karatzis, Sicor, Quanxiang, UPU Industries Ltd, T&H Packaging, Xingtai Jiuxin, Azuka Ropes & Twines, Cordexagri |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
