Bale Net Wrap Market Size, Share, Growth, Forecast 2030

Bale Net Wrap Industry Prospective:

The global bale net wrap market size was evaluated at $1130 million in 2022 and is slated to hit $1570 million by the end of 2030 with a CAGR of nearly 4.15% between 2023 and 2030.

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Bale Net Wrap Market: Overview

Bale net wrap is a kind of wrapping material that is used for bales, which helps in keeping the hay or straw tightly bound together. Furthermore, these products provide protection from insects and pests to the baled products stored inside bale net wrap. Reportedly, bale net wraps are made up of knitted fabrics such as polypropylene and polyethylene. Moreover, it can be referred to as an agricultural packaging solid product that is used for wrapping silage bales and hay bales as well as various farming yields. It is made up of a strong plastic material for protecting the baled crops from ultra-violet radiations and moisture that can decay and degrade the crops along with quality and yield.

Key Insights

• As per the analysis shared by our research analyst, the global bale net wrap market is projected to expand annually at the annual growth rate of around 4.15% over the forecast timespan (2023-2030)
• In terms of revenue, the global bale net wrap market size was evaluated at nearly $1130 million in 2022 and is expected to reach $1570 million by 2030.
• The global bale net wrap market is anticipated to grow rapidly over the forecast timeline owing to mammoth concerns related to post-harvest losses of animal feed.
• In terms of product, the knitted net wrap segment is slated to register the highest CAGR over the analysis period.
• Based on application, the baling hay segment is expected to dominate the segmental growth over the assessment timeline.
• Region-wise, the Asia-Pacific bale net wrap industry is projected to register the fastest CAGR during the assessment timeline.

Bale Net Wrap Market: Growth Factors

Growing concerns about post-harvest animal feed losses will prop up the global market trends

Mammoth concerns related to post-harvest losses of animal feed will prop up the scope of growth of the global bale net wrap market in the years ahead. Furthermore, the product helps the farmers in halting the reduction of nutritive value caused due to forage harvesting, thereby proliferating the expansion of the global market trends. Launching of new bale net products for reducing animal feed losses will boost the expansion of the global market in the upcoming years. For instance, in May 2023, Hillco Technologies, a combine leveling systems manufacturer, introduced wrap twine remover, a new product that will enable the operator in removing the net wrap from large bales. Moreover, in August 2023, John Deere, a U.S.-based firm manufacturing farming instruments and forestry machines, introduced a new connected 1 baler series embedded with novel technology for baling moisture.

Bale Net Wrap Market: Restraints

Massive product costs can hinder global industry expansion by 2030

Huge product costs can put brakes on the global bale net wrap industry surge over the upcoming years. Changing government laws leading to fluctuations in raw material costs can further impede global industry expansion.

Bale Net Wrap Market: Opportunities

Rise in the awareness about health benefits of consuming natural foods will open new growth avenues for the global market

Surging awareness about natural foods and an increase in animal welfare activities will expand the scope of the growth of the global bale net wrap market. An increase in livestock farming activities in countries of Latin America and North America has led to a humungous demand for hay wrappers. This, in turn, will open new growth avenues for the global market.  

Bale Net Wrap Market: Challenges

Increase in import & export duties can put a big challenge to global industry expansion

Rise in import and export duties and supply chain disruptions can pose a huge threat to the global bale net wrap industry expansion. Low product demand in emerging economies can further create obstructions in the growth of the global industry.

Bale Net Wrap Market: Segmentation

The global bale net wrap market is sectored into type, application, and region.                

In type terms, the global bale net wrap market is segregated into knitted net wrap and extruded net wrap segments. Furthermore, the knitted net wrap segment, which amassed nearly three-fourths of the global market revenue in 2022, is anticipated to register the fastest CAGR in the upcoming years. The rapid growth of the segment in the coming years can be due to the cost-efficiency of the product along with its ability in offering leaf retention.

Based on the application, the global bale net wrap industry is sectored into baling hay, baling straw, and others segments. Moreover, the baling hay segment, which amassed a large part of the global industry share in 2022, is expected to dominate the global industry over the analysis timeframe. The segmental expansion over the predicted timespan can be subject to the massive use of bailing hay by farmers for minimizing post-harvest animal fodder losses.

Bale Net Wrap Market: Report Scope

Bale Net Wrap Market: Regional Insights

North America is prognosis to maintain leadership position in the global bale net wrap market in the forecasting period

North America, which contributed two-thirds of the global bale net wrap market revenue in 2022, will be a dominating region over the anticipated period. Furthermore, the regional market expansion can be due to a well-established farming technology in countries such as the U.S. In addition to this, the presence of giant players in the region will proliferate the regional market size. Apart from this, the low availability of fodder for animals and the need for improving livestock health will prop up the growth of the market in the region.

Asia-Pacific bale net wrap industry is set to register the fastest CAGR in the upcoming years subject to a rise in the demand for the products in countries such as India, Thailand, Indonesia, and China. An increase in the sale of protecting forage materials will proliferate the size of the industry across the region.

Bale Net Wrap Market: Competitive Space

The global bale net wrap market profiles key players such as:

• UPU Industries
• Polyphil
• Tama
• Ruian Jiacheng
• Donaghys
• Changzhou Xinhui Netting
• RKW Group
• KARATZIS
• Filesan
• MESHPACK
• Piippo
• Bridon Cordage
• TENAX
• Syfilco
• Changzhou LiBo.

The global bale net wrap market is segmented as follows:

By Product

• Knitted Net Wrap
•  Extruded Net Wrap

By Application

• Baling Hay
• Baling Straw
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa