The recycling equipment market size has grown strongly in recent years, expected to rise from $25.87 billion in 2023 to $27.52 billion in 2024, at a compound annual growth rate (CAGR) of 6.4%. This growth during the historic period is attributed to factors such as government regulations, landfill space limitations, growing urbanization, rising industrialization, and increasing waste generation. Furthermore, the recycling equipment market size is projected to experience robust growth in the coming years, reaching $35.47 billion in 2028 with a CAGR of 6.5%. The anticipated growth in the forecast period is driven by circular economy initiatives, stricter waste management laws, the proliferation of e-waste, carbon footprint reduction goals, and public-private partnerships. Key trends expected to shape the market include automation in recycling processes, modular recycling systems, the utilization of 3D printing waste, decentralized recycling facilities, and the application of blockchain for enhancing recycling transparency.
Global Recycling Equipment Market Key Driver
The recycling equipment market is expected to grow due to increasing emphasis on waste management, driven by environmental awareness and regulatory pressures. Effective recycling equipment is crucial for reducing landfill waste and supporting a circular economy. The UN Environment Programme projects global municipal solid waste generation to reach 2.68 billion tons by 2030. This growing focus on waste management is enhancing the recycling equipment market's growth.
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Global Recycling Equipment Market Segments
The recycling equipment market covered in this report is segmented –
1) By Equipment: Baler Press, Shredders, Granulators, Agglomerators, Shears, Separators, Extruders, Other Equipment
2) By Processed Material: Metal, Plastic, Construction Waste, Paper, Rubber, Other Processed Materials
3) By Application: Municipal Solid Waste Recycling, Commercial And Industrial Waste, Metals Separation And Recycling, E-Waste Recycling, Transfer Station Recycling
By Geography:The regions covered in the recycling equipment marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the recycling equipment market in 2023.
Major Recycling Equipment Industry Players
Metso, Danieli Centro Recycling, TOMRA Sorting ASA, Wastequip, Vecoplan AG, Shred-Tech, BHS-Sonthofen GmbH, Machinex Industries Inc., Stadler Anlagenbau GmbH, CP Manufacturing Inc., Marathon Equipment, General Kinematics Corporation, WEIMA Maschinenbau GmbH, Komar Industries Inc., Bollegraaf Recycling Solutions, Lindner Recyclingtech, Kiverco Limited, Eldan Recycling A/S, Granutech-Saturn Systems, Green Machine LLC, Suny Group, American Baler Company, Presona AB, ZERMA Machinery & Recycling Technology, Recycling Equipment Manufacturing Inc
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Recycling Equipment Market Overview
Recycling equipment consists of machines and devices designed to process waste materials, enabling the recovery and reuse of valuable resources. This equipment aids in the separation, compaction, and transformation of various recyclable materials, such as metals, plastics, paper, and glass, into usable products for further manufacturing or consumption.
Recycling Equipment Global Market Report 2023 provides data on the global recycling equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The recycling equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
