Global Recycling Equipment Market Report and Forecast 2024-2032

Global Recycling Equipment Market Outlook

The global recycling equipment market size reached a value of around USD 29.91 billion in 2023. The market is further expected to grow at a CAGR of 5.6% between 2024 and 2032, reaching a value of around USD 48.93 billion by 2032.

Key Trends in the Market

Recycling equipment refers to any apparatus or machinery that is used in the recycling process, where consumer product waste materials and garbage that are not biodegradable are turned it into useful materials. The recycling process depends upon the material type of the garbage that is generated.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

• Increasing awareness among people about the environmental advantages of recycling and reusing waste products including plastic, metal, and building debris is one of the key recycling equipment market trends driving the market growth.

• The market for recycling equipment is also projected to benefit from the growing concerns about greenhouse gas emissions. Recycling protects the environment by preserving natural resources, cutting greenhouse gas emissions, and reducing waste going to landfills, which is increasing the recycling equipment market demand.

• The demand for metal recycling has increased across a wide range of end-use sectors as concerns about the depletion of non-renewable resources and the high cost of creating primary metals have grown, thus aiding the recycling equipment market growth.

• Strict rules and restrictions established by various governing bodies in relation to carbon footprints and greenhouse gas emissions are further fostering market expansion. In order to comply with government laws, producers are also recycling and reusing existing products.

Global Recycling Equipment Market Analysis

Based on product type, the market is divided into baler press, shredders, granulators, agglomerators, shears, separators, and extruders, among others. The recycling equipment market segmentation, on the basis of material type, is plastic, metal, wood, rubber, and construction waste, among others. The regional markets for recycling equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global recycling equipment market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Dover Corporation

• Vecoplan, LLC

• The CP Group

• Harris Waste Management Group, Inc.

• Sebright Products Inc.

• Mirage Packing Industries, LLC

• Coastal Wire Co.

• Environmental Recycling Services, Inc.

• Danieli Centro Recycling

• General Kinematics Corporation

• Others

Global Recycling Equipment Market Share by Product Type

Baler presses account for a sizable share in the market for recycling equipment by product type as they are efficient at compressing garbage, thereby reducing the convenience fees needed to transport the material. Baler presses convert the materials into tightly coiled bundles known as bales. They are frequently used to recycle plastic materials and are also being used to compress recyclable materials including cardboard, paper, plastic, aluminium, and non-ferrous metals.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Recycling Equipment Market Share by Material Type

Plastic material types are anticipated to witness substantial growth in the market for recycling equipment during the forecast period. This is due to the increased utilisation of recycled plastic in end-use sectors including construction, automotive, electrical, and electronics. The recycling equipment global market is also anticipated to grow over the forecast period as a result of several rules and regulations imposed by governments for the disposal of plastic waste. Meanwhile, the growing applications of recycled rubber as an energy-efficient material utilised in various applications is expected to increase the market share of rubber material type in the market for recycling equipment.

Competitive Landscape

Dover Corporation, established in 1955 and headquartered in Illinois in the United States, is a diversified worldwide manufacturer. They offer cutting-edge machinery and parts, consumables, aftermarket parts, software and digital solutions, and support services.

Vecoplan, LLC was founded in 1969 and is headquartered in North Carolina in the United States. The company develops, manufactures, and sells technically advanced machines and systems for shredding, conveying, and processing of primary and secondary raw materials during production and recycling cycles.

Harris Waste Management Group, Inc., established in 1889 and headquartered in Georgia in the United States is a manufacturing company. They focus on the manufacture, design, and support of the waste management, recycling, and scrap processing sectors.

Other market players include The CP Group, Sebright Products Inc., Mirage Packing Industries, LLC, Coastal Wire Co., Environmental Recycling Services, Inc., Danieli Centro Recycling, and General Kinematics Corporation, among others.

Key Highlights of the Report