Recycling Equipment Market Size & Growth Report to 2030

The global recycling equipment market size is expected to grow at a significant CAGR of over 5.5% during the forecast period from 2023 to 2030. The market is driven by increasing environmental awareness, stringent government regulations, rising waste generation, circular economy initiatives, cost savings, technological advancements, industrial recycling trends, and growing consumer consciousness towards sustainability. Additionally, supportive initiatives by corporations and non-governmental organizations, coupled with urbanization and infrastructure development, further contribute to the adoption of recycling equipment. As businesses and communities prioritize eco-friendly practices, recycling equipment plays a vital role in managing waste efficiently, recovering valuable resources, and promoting a sustainable future, aligning with the global focus on environmental conservation and resource optimization.

Market Snapshot:

Market Drivers:

• Increasing Awareness of Environmental Concerns: Growing awareness of environmental issues, such as pollution, resource depletion, and waste management, has led to a greater focus on recycling and sustainable practices, driving the demand for recycling equipment.
• Stringent Government Regulations: Governments worldwide are implementing stricter regulations and policies to promote recycling and reduce waste generation, creating a favorable environment for the adoption of recycling equipment.
• Rise in Waste Generation: With rapid urbanization and population growth, there is a significant increase in waste generation, necessitating efficient recycling equipment to manage and process the rising volumes of waste.
• Resource Conservation and Circular Economy Initiatives: The shift towards a circular economy, where materials are reused and recycled to minimize waste, has accelerated the demand for recycling equipment to recover valuable resources from waste streams.
• Cost Savings and Revenue Generation: Recycling equipment enables cost savings through waste reduction, waste-to-energy conversion, and revenue generation from the sale of recycled materials, making it an attractive investment for businesses and municipalities.
• Technological Advancements: Advancements in recycling technology, including improved sorting, separation, and processing methods, enhance the efficiency and effectiveness of recycling equipment, driving its adoption.
• Increased Industrial Recycling: Industries are increasingly adopting recycling practices to meet sustainability goals, reduce raw material costs, and comply with environmental regulations, fueling the demand for recycling equipment.
• Growing Consumer Awareness: Rising consumer awareness and demand for eco-friendly products and packaging are encouraging manufacturers to implement recycling processes, boosting the need for recycling equipment.
• Supportive Initiatives by Corporate and Non-Governmental Organizations: Many corporations and NGOs are actively promoting recycling and investing in recycling infrastructure, which further supports the growth of the recycling equipment market.
• Urbanization and Infrastructure Development: The ongoing urbanization and infrastructure development projects in various regions increase the need for efficient waste management solutions, spurring the demand for recycling equipment.

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Market Insights:

Market Analysis by Equipment Type:

The global recycling equipment market is bifurcated into equipment type, material, and geography. on the basis of equipment type, the market is further segmented into shredders, balers, granulators, crushers, extruders, separators, and others. Historically, shredders and balers have been considered as the dominant segments in the recycling equipment market. Shredders are widely used in various recycling applications to break down large materials into smaller pieces, making them easier to process and handle. They play a crucial role in reducing the size of materials like plastics, paper, and tires, making them suitable for recycling and reuse in various industries. Balers, on the other hand, are essential for compressing and bundling recyclable materials into compact and manageable packages. These baled materials are easier to store, transport, and handle, which is vital for efficient waste management and recycling operations.

Shredders: Shredders are used to break down large materials into smaller pieces, making them easier to handle and process. They are commonly used in recycling applications to shred materials like plastics, paper, and tires.

Balers: Balers are used to compress and bundle recyclable materials into compact and manageable packages, facilitating efficient storage, transportation, and handling. They are commonly used in recycling centers and waste management facilities.

Granulators: Granulators are machines that reduce materials into granules or small particles. They are commonly used in plastic recycling to break down plastic waste into reusable granules.

Crushers: Crushers are used to crush and reduce the size of materials into smaller particles. They are commonly used in the recycling of materials like glass, concrete, and metal.

Extruders: Extruders are used in the plastic recycling process to melt and form plastic materials into various shapes and products.

Separators: Separators are used to separate different materials from mixed waste streams, helping to recover valuable materials for recycling.

Others: This category includes other types of recycling equipment not explicitly mentioned above, such as baling presses, compactors, and material handling equipment.

Market Analysis by Material:

On the basis of material, the global recycling equipment market is further segmented into plastic, paper, glass, metal, electronic waste, organic waste, and others. Plastic waste recycling has been a dominant segment due to the widespread use of plastic products and the increasing awareness of plastic pollution. Recycling equipment used for processing plastic waste, such as PET bottles, HDPE containers, and other plastic materials, is in high demand. Governments, industries, and consumers are increasingly focusing on reducing plastic waste and promoting the recycling of plastic materials to address environmental concerns. On the other hand, the recycling of paper waste has also been a prominent segment in the recycling equipment market. Paper is one of the most commonly used materials in various industries, leading to significant paper waste generation. Recycling equipment that handles newspaper, cardboard, office paper, and packaging materials is essential for the recovery and reuse of paper fibers. As sustainability becomes a priority for businesses and consumers, paper recycling equipment plays a crucial role in resource conservation and waste reduction.

Plastic: Recycling equipment is utilized to process various types of plastic waste, including PET bottles, HDPE containers, PVC pipes, and other plastic products. Plastic recycling equipment helps in breaking down and reusing plastic materials for manufacturing new products.

Paper: Recycling equipment is used to handle different types of paper waste, such as newspapers, cardboard boxes, office paper, and packaging materials. Paper recycling equipment is crucial for recovering and reprocessing paper fibers for the production of recycled paper products.

Glass: Recycling equipment is employed to recycle glass waste, including bottles, jars, and other glass containers. Glass recycling equipment helps in crushing and processing glass waste into cullet, which can be melted and molded into new glass products.

Metal: Recycling equipment is used for processing various metal waste, such as aluminum cans, steel scrap, copper wires, and other metallic materials. Metal recycling equipment helps in shredding, crushing, and separating metal waste for further processing and reuse.

Electronic Waste (e-waste): Recycling equipment is utilized to handle electronic waste, including old computers, smartphones, electronic appliances, and other electronic devices. E-waste recycling equipment assists in recovering valuable metals and components from electronic devices for recycling and reintegration into new products.

Organic Waste: Recycling equipment is employed to process organic waste materials, including food scraps, yard trimmings, and agricultural residues. Organic waste recycling equipment helps in composting and converting organic waste into valuable compost or biogas.

Others: This category includes other types of materials that are recycled using specialized recycling equipment, such as textiles, rubber, construction and demolition waste, and mixed waste streams.

The recycling equipment market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Equipment Type:

• Shredders
• Balers
• Granulators
• Crushers
• Extruders
• Separators
• Others

By Material:

• Plastic
• Paper
• Glass
• Metal
• Electronic Waste
• Organic Waste
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, the Asia-Pacific region has emerged as the dominant market for recycling equipment, primarily due to a combination of key factors. Rapid industrialization and urbanization across countries in this region have led to a significant increase in waste generation, creating a pressing need for efficient waste management and recycling solutions. With a large and rapidly growing population, Asia-Pacific experiences higher rates of consumption, resulting in substantial waste generation from various products and packaging materials. In response to environmental challenges, many governments in the region have introduced policies and regulations to promote recycling and reduce waste, creating a supportive environment for the adoption of recycling equipment. The concept of the circular economy, which emphasizes resource reuse and recycling, is also gaining momentum in the region, further driving the demand for recycling equipment.

Additionally, rising environmental awareness among consumers, businesses, and industries has encouraged the adoption of recycling equipment to minimize environmental impact and support sustainable practices. Technological advancements in recycling equipment have made the process more efficient, cost-effective, and adaptable to various waste streams, accelerating the adoption of recycling solutions across the region. As a result, the Asia-Pacific region has firmly established itself as a dominant player in the recycling equipment market, with increasing investments in recycling infrastructure and a widespread commitment to sustainable waste management practices.

Competitive Assessment:

Some of the prominent market players operating in the global recycling equipment market are Metso Outotec Corporation, Tomra Sorting Recycling, ANDRITZ AG, Vecoplan AG, and Bühler Group. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. For instance:

• In October 2021, Metso Outotec introduced the Index online tool, designed specifically for metal recycling machines. This innovative tool facilitates the efficient sifting, collection, and evaluation of data, allowing users to closely monitor and analyze the performance of their metal recycling machines. The Index online tool empowers businesses to optimize their metal recycling processes, leading to improved efficiency and productivity.
• In September 2019, Tomra Sorting Recycling launched the X-TRACT X6 FINES, an advanced product specially designed for sorting mixed non-ferrous metal fractions. With its cutting-edge technology, the X-TRACT X6 FINES provides highly accurate and effective sorting capabilities, allowing businesses to recover valuable non-ferrous metals from mixed waste streams. This product significantly contributes to enhancing the efficiency and resource recovery rates in the metal recycling industry.

Key Companies:

• Metso Outotec Corporation
• Tomra Sorting Recycling
• ANDRITZ AG
• Vecoplan AG
• Bühler Group
• CP Manufacturing, Inc.
• Machinex Industries Inc.
• Bollegraaf Recycling Solutions
• MSS, Inc.
• Green Machine Sales, LLC

Key Questions Answered by Recycling Equipment Market Report

• Global recycling equipment market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Recycling equipment submarket forecasts from 2023-2030 covering the market by equipment type, material, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level recycling equipment markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market