The global bale net market size is estimated to grow significantly owing to the rising concerns regarding post-harvest loss of animal feed, observes Fortune Business Insights™ in its report, titled “Bale Net Market Size, Share & Industry Analysis, By Type (Knitted Bale Net, Extruded Bale Net), By Application (Bailing Hay, Bailing Straw, Bailing Silage) and Regional Forecast, 2022-2029”. Using bale net enables efficient storage and improves quality of the animal forage. It offers ease in transportation and handling, especially in the case of round bales of chopped straw, where the chances of wastage and spoilage are more. In addition, as per the study conducted by the American Society of Agricultural and Biological Engineers (ASABE), using net wrap instead of twine resulted in an increased average of bale production by 32%. These factors are expected to increase the demand for bale net in the forecast timeframe.
Livestock production has been adversely affected by the Covid-19. Panic regarding the risk of getting infected by the coronavirus through meat has negatively impacted the market. In addition the labor scarcity owing to stringent social distancing norms has affected the supporting infrastructure around the sector. Key players in the market are developing new strategies to overcome the crises.
Highlights of the report:
- Competitive landscape, which incorporates the market ranking of major players along with new service/product launches, partnerships, business expansions, and acquisitions
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Qualitative and quantitative analysis of the market based on segmentation, involving both economic as well as non-economic factors
- Current as well as future market outlook of the industry with respect to recent developments
Driving Factor
Rising Concerns Regarding Post-Harvest Loss of Animal Feed to Drive Market Growth
Loss of feed not only causes limited availability of feed but also results in increased cost of waste management, loss of limited resources, such as water and energy, and emission of greenhouse gasses. The aforementioned factors further raise the concerns regarding post-harvest loss of animal feed. These concerns are one of the major factors responsible for increasing the demand for bale net, which in turn, is expected to drive growth for the global bale net market. In addition, detreating soil productivity owing to reasons such as loss of soil fertility, loss of soil organic matter, deterioration of soil structure, and decreased water-supplying capacity is expected to further strengthen the market growth.
Regional Insights
Eminence of Key Players to Aid Expansion in North America
North America is predicted to witness robust growth in the global bale net market. The well-established agriculture sector within the region, coupled with the prominence of various market players, such as Tenax Corporation, Bridon Cordage, and others, is expected to play a crucial role in the expansion of the market.
Asia Pacific is projected to witness a substantial growth owing to the rising instances of post-harvest animal forage losses due to rain. The increasing demand for animal forage due to rising livestock production is expected to boost the market growth for bale net.
Competitive Landscape
Focus on Quality Bale Net Material to Help Key Players Gain Prominence
The prominent players operating in the global bale net market are embarking on the launch of innovative products in order to reduce the animal feed losses and increase their market prominence. They are focusing on the research and development of better quality bale net material such as high-density polyethylene net wrap, which increases the protective characteristics of bale net.
Industry Developments:
- In November 2019, RKW Group announced that the company will present its silage films & bags, greenhouse films, and new round bale nets portfolio during the Agritechnica tradeshow. The silage films provide various advantages to growers in terms of quality of silage, cost savings, work efficacy, and sustainability.
- In August 2019, RKW Group, one of the leading producers of bale net wrap, invested around $19 million in its production site in Kentucky. This helped the company to strengthen its position in North America.
List of Key Players Covered in the Bale Net Market Report:
- Tenax Corporation
- KARATZIS S.A.
- RKW Group
- Tama Group
- UPU Industries
- Bridon Cordage
- Piippo Oyj
- Qingdao Agri
- Syfilco
- Changzhou LiBo
- Others
Browse Summary
https://www.fortunebusinessinsights.com/bale-net-market-103201
