Metal Baler Market Size, Share & Industry Analysis, By Type (Manual, PLC Automatic), By Application (Metal Recycling, Steel Mill Production, Others (Agriculture)) And Regional Forecast, 2024-2032

The metal baler is a machine that crushes, bales, and cuts scrap metal. Metal scraps like aluminum, steel, brass, copper, and iron may be used to make new goods. Additionally, scrap metal recycling reduces waste production and, in turn, reduces the need for more mining to get new metals. Metal recycling balers handle metals effectively, swiftly, and efficiently, whether they are as huge and sturdy as automobiles or as little as metal cans. In the addition, metal recycling balers may be used for a variety of tasks, including scrap metal production and product destruction. Metal recycling balers save landfill space, preserve energy, decrease pollution, and save money in the long run.

The metal baler market is primarily driven by the need to save energy, time, and manpower while also reducing pollution, which results in an increase in demand for metal balers in both developed and developing nations. Additionally, Their sales have increased as people become more aware of how to properly dispose of metals in order to minimize pollution. The usage of a metal baler is both cost-effective and energy-efficient. Furthermore, these balers are a tough and dependable equipment that will do the activities for many years and will also reduce the need for additional costly scrap metal management instruments. As a result, there is a high demand and supply for metal balers on the market.

During the forecast period, the metal baler market will expand due to rising demand for higher performance and enviromental friendly equipmets. Also various industries are making investments in new product creation and R&D activities.  However, due to an increase in the use of metal balers in recycling and steel mills production, like scrapping & cutting metals is projected to boost the demand for metal baler market in the coming years.

The cessation of industrial operations in the aftermath of the COVID-19 pandemic has had a major impact on the global manufacturing sector due to the shutdown of industries. Some component of manufacturing facilities in Japan, China, European, U.S. & scarcity of manpower along with possible supply chain blockage of equipment and materials is expected to hamper the manufacturing of metal baler industry.

Key Market Driver -

• Rising Need for Conservation of Resources Aids Metal Baler Market

Key Market Restraint -

• High Cost and Regular Maintenance Hindering the Market

Key Players Covered:

Some of the prominent players of the market are JMC Recycling Systems Ltd, Metso, Gensco Equipment, Lefort, Shanghai Jiajing Machinery Co., Ltd., Zhengzhou Hengjin Machinery Manufacturing Co., Ltd., Jiangsu Huahong Technology Co., Ltd., Henan Wojiesen Machinery Equipment Co., Ltd., Jiangsu Dalongkai Technology Co., Ltd., Gongyi City Hengtong Machinery Factory & Others.

Regional Analysis:

North America region is anticipated to exhibit a substantial revenue in the metal baler market owing to continuous development in recycling industry. Additionally, the rise in industrialization & technological advancements are boosting the market. Furthermore, due to the presence of well-established manufacturers in the region, mainly in the U.S. is further contributing in market growth. The key manufacturers are emphasizing on the development of metal baler through some advance & variable technology resulting in energy-efficient features.

Europe is expected to witness major growth due to the rising awareness about metal balers. Additionally, the metal balers using for recycling purposes is further acting as an important growth-inducing factor. In the addition, these equipment’s are extremely cost-effective and help to reduce energy usage and reliance on metal mining. In accordance with this, the introduction of novel equipment with more automated capabilities is also aiding market expansion.

Furthermore, Asia Pacific is expected to experience huge growth in the metal baler market. Due to growing adoption of these balers in the agriculture sector, major emerging nations such as China and India are expected to boost the industrial balers market in the region. Additionally, owing to rise in industrialization along with expansion of the manufacturing sector & augmenting agriculture activities are further driving the metal baler market. Moreover, growth in public & private investments in associated industries & agriculture sector is projected to boost production in agriculture sector. Subsequently, it will also drive the demand for metal baler market in the region. Also, the strong presence of major players emphasizing on manufacturing several different & wide range of equipment is also strengthening the market growth. 

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Segmentation

Key Industry Developments

• In June 2021 - Metso Outotec signs global partnership with AM King to become a primary service provider for upgrades, parts and field services on surplus equipment sales.


• In October 2019 - JMC Recycling Ltd. started to offer   the extensive FORREC Recycling range as exclusive distributors in the UK and Eire.