PUBLISHER: Grand View Research | PRODUCT CODE: 1751612
PUBLISHER: Grand View Research | PRODUCT CODE: 1751612
Baling Wire Market Size, Share & Trends Analysis Report By End-use (Recycling, Waste Management, Agriculture, Construction), By Region (North America, Asia Pacific, Europe), And Segment Forecasts, 2025 - 2030
Baling Wire Market Growth & Trends:
The global baling wire market size is expected to reach USD 3.39 billion by 2030, registering a CAGR of 10.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. The global baling wire industry is witnessing steady growth, driven by increasing demand across various industries such as recycling, agriculture, and packaging. One of the primary growth drivers is the expanding recycling industry, where baling wire is essential for bundling and compressing materials like paper, cardboard, plastic, and metals. As countries and organizations increasingly focus on sustainable practices and waste management, the adoption of baling wire for efficiently handling and transporting recyclables is growing significantly. Government regulations and corporate policies further fuel this trend to reduce landfill waste and promote recycling.
The agriculture sector is another key contributor to the growth of the market. Farmers and agricultural businesses rely on baling wire to secure hay, straw, and other forage crops. The rising global demand for animal feed and the need for efficient crop storage solutions have increased the use of baling wire. Additionally, modern agricultural practices are becoming more mechanized, leading to a surge in the adoption of automatic and semi-automatic balers that use high-quality wire for bundling. This shift towards mechanization in agriculture is expected to sustain the demand for baling wire.
The packaging and logistics industries are also crucial in boosting the market. As e-commerce continues to thrive, the need for secure packaging has become more critical than ever. Baling wire is extensively used in packaging solutions to bundle products for storage and transit. Manufacturers are increasingly adopting high-tensile baling wire to ensure the stability and safety of packaged goods during transportation. The growth of global trade and the expansion of distribution networks further support the demand for robust packaging solutions, including baling wire.
Technological advancements shape the market by enhancing product durability and performance. Innovations such as galvanized and coated baling wires have improved resistance to rust and corrosion, making them more suitable for harsh environments and long-term storage. Additionally, the development of high-strength baling wires has enabled better load management and reduced breakage during the baling process. These technological improvements attract more industries to adopt advanced baling wire products, fostering market expansion.
The global baling wire industry is also positively influenced by the growth of the construction and industrial sectors. Construction companies use baling wire to secure construction materials, including metal rods, pipes, and cables. The growing number of infrastructure projects and urbanization across emerging economies drives the need for reliable binding solutions. Moreover, industries producing and processing metals and textiles depend on baling wire for bundling raw materials and finished products, reinforcing their market presence.
Another significant growth driver is the rising awareness of the importance of efficient waste management in urban and industrial settings. As waste generation increases globally, municipalities and waste management companies invest in compacting solutions to optimize storage and reduce transportation costs. Baling wire, a fundamental component of baling machines, is witnessing heightened demand as cities and industries seek to manage waste more effectively and sustainably.
Baling Wire Market Report Highlights:
- Based on end use, recycling dominated the market with a market share of over 42.0% in 2024 due to the growing emphasis on sustainable waste management practices, rising global recycling rates, and the essential role of baling wire in bundling recyclable materials for efficient handling, storage, and transportation.
- Agriculture is anticipated to register the fastest CAGR over the forecast period. The shift towards mechanization enhances productivity and necessitates reliable baling solutions, thereby boosting the demand for the market in the agricultural sector.
- Asia Pacific is the dominant region for the baling wire industry with a revenue share of over 46.0% in 2024, driven by the high demand for electrical steel in manufacturing industries and rapid industrialization.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Baling Wire Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.6. Industry Trends
- 3.6.1. Economic Trends
- 3.6.2. ESG Trends
- 3.7. Porter's Five Forces Analysis
- 3.7.1. Bargaining Power of Suppliers
- 3.7.2. Bargaining Power of Buyers
- 3.7.3. Threat of Substitution
- 3.7.4. Threat of New Entrants
- 3.7.5. Competitive Rivalry
- 3.8. PESTLE Analysis
- 3.8.1. Political
- 3.8.2. Economic
- 3.8.3. Social Landscape
- 3.8.4. Technology
- 3.8.5. Environmental
- 3.8.6. Legal
Chapter 4. Baling Wire Market: End Use Estimates & Trend Analysis
- 4.1. Baling Wire Market: End Use Movement Analysis, 2024 & 2030
- 4.2. Recycling
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.3. Waste Management
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Agriculture
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.5. Construction
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.6. Others
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Baling Wire Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2024 & 2030
- 5.2. North America
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.3. U.S.
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.4. Canada
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.5. Mexico
- 5.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Europe
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.3. UK
- 5.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.4. Germany
- 5.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.5. France
- 5.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.6. Italy
- 5.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.7. Russia
- 5.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.7.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.8. Spain
- 5.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.8.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.9. Portugal
- 5.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.9.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.3. China
- 5.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.4. India
- 5.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.5. Japan
- 5.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.6. South Korea
- 5.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Latin America
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.5.3. Brazil
- 5.5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.3. Saudi Arabia
- 5.6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.4. UAE
- 5.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization
- 6.3. Heat Map Analysis
- 6.4. Vendor Landscape
- 6.4.1. List of equipment suppliers
- 6.4.2. List of distributors
- 6.5. List of prospective end-users
- 6.6. Strategy Initiatives
- 6.7. Company Profiles/Listing
- 6.7.1. Accent Wire Tie
- 6.7.1.1. Company Overview
- 6.7.1.2. Financial Performance
- 6.7.1.3. Product Benchmarking
- 6.7.2. Advanced Wires Limited
- 6.7.2.1. Company Overview
- 6.7.2.2. Financial Performance
- 6.7.2.3. Product Benchmarking
- 6.7.3. AGST Draht-und Biegetechnik GmbH
- 6.7.3.1. Company Overview
- 6.7.3.2. Financial Performance
- 6.7.3.3. Product Benchmarking
- 6.7.4. Barnfather Wire
- 6.7.4.1. Company Overview
- 6.7.4.2. Financial Performance
- 6.7.4.3. Product Benchmarking
- 6.7.5. Heinrich Erdmann GmbH
- 6.7.5.1. Company Overview
- 6.7.5.2. Financial Performance
- 6.7.5.3. Product Benchmarking
- 6.7.6. Gama Metal
- 6.7.6.1. Company Overview
- 6.7.6.2. Financial Performance
- 6.7.6.3. Product Benchmarking
- 6.7.7. Horle Wire AB
- 6.7.7.1. Company Overview
- 6.7.7.2. Financial Performance
- 6.7.7.3. Product Benchmarking
- 6.7.8. MAZZOLENI TRAFILERIE BERGAMASCHE SPA
- 6.7.8.1. Company Overview
- 6.7.8.2. Financial Performance
- 6.7.8.3. Product Benchmarking
- 6.7.9. IBERMETAIS
- 6.7.9.1. Company Overview
- 6.7.9.2. Financial Performance
- 6.7.9.3. Product Benchmarking
- 6.7.10. Metalurgia S.A.
- 6.7.10.1. Company Overview
- 6.7.10.2. Financial Performance
- 6.7.10.3. Product Benchmarking
- 6.7.1. Accent Wire Tie
List of Tables
- Table 1 Baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 2 North America baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 3 North America baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 4 U.S. baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 5 U.S. baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 6 Canada baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 7 Canada baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 8 Mexico baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 9 Mexico baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 10 Europe baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 11 Europe baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 12 UAE baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 13 UAE baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 14 Germany baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 15 Germany baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 16 France baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 17 France baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 18 Italy baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 19 Italy baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 20 Russia baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 21 Russia baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 22 Spain baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 23 Spain baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 24 Portugal baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 25 Portugal baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 26 Asia Pacific baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 27 Asia Pacific baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 28 China baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 29 China baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 30 India baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 31 India baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 32 Japan baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 33 Japan baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 34 South Korea baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 35 South Korea baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 36 Latin America baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 37 Latin America baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 38 Brazil baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 39 Brazil baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 40 Middle East & Africa baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 41 Middle East & Africa baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 42 Saudi Arabia baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 43 Saudi Arabia baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 44 UAE baling wire market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 45 UAE baling wire market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook - End Use
- Fig. 7 Competitive outlook
- Fig. 8 Baling wire market outlook, 2018-2030 (USD Million)
- Fig. 9 Value chain analysis
- Fig. 10 Market dynamics
- Fig. 11 Porter's analysis
- Fig. 12 PESTEL analysis
- Fig. 13 Baling wire market, by end use: Key takeaways
- Fig. 14 Baling wire market, by end use: Market share, 2024 & 2030
- Fig. 15 Baling wire market: regional analysis, 2024
- Fig. 16 Baling wire market, by region: Key takeaways
