| Product Code: ETC5165851 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for balers in 2024 showed a notable growth rate of 21.68% compared to the previous year, with a compound annual growth rate (CAGR) of 10.91% from 2020 to 2024. This significant uptrend in imports can be attributed to a surge in demand for balers within the Armenian market, indicating a strong momentum in import activities driven by evolving market needs and preferences.
In the Asia region, the Baler market in Armenia is projected to expand at a growing growth rate of 8.50% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Baler Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Baler Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Baler Market - Industry Life Cycle |
3.4 Armenia Baler Market - Porter's Five Forces |
3.5 Armenia Baler Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 Armenia Baler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on sustainable waste management practices |
4.2.2 Growing awareness about environmental conservation |
4.2.3 Government initiatives promoting recycling and waste management |
4.3 Market Restraints |
4.3.1 High initial investment costs for baler equipment |
4.3.2 Lack of awareness about the benefits of using balers |
4.3.3 Limited availability of skilled workforce for operating balers |
5 Armenia Baler Market Trends |
6 Armenia Baler Market Segmentations |
6.1 Armenia Baler Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Armenia Baler Market Revenues & Volume, By Round Balers, 2021-2031F |
6.1.3 Armenia Baler Market Revenues & Volume, By Square Balers, 2021-2031F |
7 Armenia Baler Market Import-Export Trade Statistics |
7.1 Armenia Baler Market Export to Major Countries |
7.2 Armenia Baler Market Imports from Major Countries |
8 Armenia Baler Market Key Performance Indicators |
8.1 Waste diversion rate (percentage of waste diverted from landfills) |
8.2 Energy consumption efficiency of baler machines |
8.3 Reduction in carbon footprint per unit of waste processed |
9 Armenia Baler Market - Opportunity Assessment |
9.1 Armenia Baler Market Opportunity Assessment, By Product, 2021 & 2031F |
10 Armenia Baler Market - Competitive Landscape |
10.1 Armenia Baler Market Revenue Share, By Companies, 2024 |
10.2 Armenia Baler Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |