Automatic Straw Briquetting Machine Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030.
The global market for Automatic Straw Briquetting Machines was valued at approximately USD 245 million in 2022. It is projected to grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. The increasing demand for sustainable waste management solutions and the rise in agricultural residue are major factors driving the market growth. Additionally, advancements in briquetting technology and the growing awareness about eco-friendly alternatives in various industries are contributing to the market expansion. As industries and governments alike push for greener practices, the adoption of automatic straw briquetting machines is expected to rise significantly, with the market potentially reaching USD 350 million by the end of the forecast period.
Opportunity analysis reveals significant growth potential in emerging markets, particularly in regions with high agricultural activity such as South Asia and Latin America. These regions are witnessing rapid industrialization and a shift towards improved waste management practices, presenting lucrative opportunities for market players. The push towards renewable energy sources and the utilization of agricultural residues for energy production further enhance the attractiveness of these markets. As infrastructure develops and awareness of briquetting benefits spreads, these emerging markets are poised to contribute substantially to the overall growth of the automatic straw briquetting machine sector.
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RUF Briquetting Systems
CF Nielsen
WEIMA
Asket
Agico Group
ECOSTAN
Ronak Engineering
New Lehra Industries
K.R. Komarek
ABC Machinery
Radhe Engineering
Zhengzhou Yonghua
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automatic Straw Briquetting Machine Market
Agriculture
Industrial
Others
Based on Types the Market is categorized into Below types that held the largest Automatic Straw Briquetting Machine market share In 2023.
Mechanical Type
Hydraulic Type
Screw Extrusion Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automatic Straw Briquetting Machine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automatic Straw Briquetting Machine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automatic Straw Briquetting Machine Market, By Type
6. Global Automatic Straw Briquetting Machine Market, By Application
7. Global Automatic Straw Briquetting Machine Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automatic Straw Briquetting Machine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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