A combined baler/bale wrapper (1) comprises a chassis (5) on which a baler (10) and a bale wrapper (11) are mounted. The baler (10) comprises a stationary segment (18), a lower segment (19) and an upper segment (20) which together define a bale forming chamber (15) within which a round bale (2) is formed. The lower segment (19) and the upper segment (20) are pivotal from a bale forming position (FIG. 5) to a discharge position (FIG. 1) for transferring a bale of the bale forming chamber (15) onto bale supporting rollers (50) of the bale wrapper (11). The bale supporting rollers (50) rotate the bale (2) about a first wrapping axis (53) while a carrier ring (55) simultaneously revolves a pair of wrapping material dispensers (54) about a second wrapping axis (56) for dispensing wrapping material onto the bale (2).