Hay Bale Agricultural Twine Market Summary
Bale rope is a kind of rope used in the agricultural field, usually used for tying, binding, supporting crops or livestock. Straw bale agricultural twine is an environmentally friendly material that is easy to dispose of and recycle, and is widely used in agricultural production in rural areas.
According to the new market research report “Global Hay Bale Agricultural Twine Market Report 2024-2030”, published by QYResearch, the global Hay Bale Agricultural Twine market size is projected to reach USD 0.65 billion by 2030, at a CAGR of 3.5% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Hay Bale Agricultural Twine include Cotesi, Tama, Filpa, Armando Alvarez Group, Exporplas, PIIPPO, TECFIL, Cordexagri, Pidok Plastik San, Defalin Group S.a., etc. In 2023, the global top 10 players had a share approximately 69.8% in terms of revenue.
Market Drivers:
Industry policy support
Wide application of Hay Bale Agricultural Twine
Launches in introducing new products
Restraint:
Raw material price fluctuation
Competition from Low-end Hay Bale Agricultural Twine manufacturers is bad for industrial upgrading
Lack of support from upstream/downstream partners as a new entry to the market
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