What Fueled The Previous Growth In The Recycling Equipment Market?
The recycling equipment market has seen considerable growth due to a variety of factors.
• The growth in the recycling equipment market has been significant in recent years. The market size is projected to rise from $27.52 billion in 2024 to $29.36 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%.
The historical growth can be credited to factors such as governmental regulations, limitations on landfill space, increased urbanization, higher levels of industrialization, and a surge in waste production.
What Can Be Expected from the Recycling Equipment Market Size?
The recycling equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for recycling equipment is anticipated to witness robust growth in the coming years. It is projected to expand to $37.72 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.5%.
This anticipated growth during the forecast period is driven by factors such as the emergence of circular economy initiatives, stricter laws around waste management, the spread of e-waste, targets for reducing the carbon footprint, and collaborations between the public and private sectors. Noteworthy trends expected during the forecast period cover automation in recycling processes, modular approaches to recycling systems, the use of 3D printing waste, decentralization of recycling facilities, and the application of blockchain for transparency in recycling.
What Are the Critical Driver Fuelling The Recycling Equipment Market's Growth?
The escalating importance of dealing with waste effectively is projected to spur the development of the recycling equipment industry. Waste management encompasses the actions and methodologies applied in gathering, handling, treating, storing, and shipping waste substances from their generation source to their ultimate place of disposal. Its increasing importance stems from heightened environmental consciousness, strict regulations, urbanization, the lack of resources, and progression in recycling techniques. The use of recycling equipment is becoming more critical in contemporary waste management procedures as it simplifies the sorting, treatment and transformation of recyclable substances. This significantly reduces the quantity of waste going to the landfill, lessens negative environmental effects, and facilitates the shift towards a sustainable circular economy. For example, the Global Waste Management Outlook 2024 released by the United Nations Environment Programme in February 2024 forecasts that global municipal solid waste generation will surge to 2.68 billion tons by 2030, 3.229 billion tons by 2040, and 3.782 billion tons by 2050. As such, the escalating importance of waste management propels the growth of the recycling equipment market.
How Is The Recycling Equipment Market segmented?
The recycling equipmentmarket 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
Subsegments:
1) By Baler Press: Horizontal Baler, Vertical Baler, Manual Baler, Automated Baler
2) By Shredders: Single-Shaft Shredders, Dual-Shaft Shredders, Four-Shaft Shredders, High-Speed Shredders
3) By Granulators: High-Speed Granulators, Slow-Speed Granulators, Wet Granulators, Dry Granulators
4) By Agglomerators: Batch Agglomerators, Continuous Agglomerators, Agglomerating Mills
5) By Shears: Metal Shears, Plastic Shears, Cable Shears
6) By Separators: Magnetic Separators, Eddy Current Separators, Air Separators, Density Separators
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What Trends Are Shaping The Recycling Equipment Market?
Leading businesses in the recycling equipment market are emphasizing the production of advanced tools like standardized recycling equipment. These machines aim to boost efficiency, minimize expenses, and meet the burgeoning need for speedy recycling options in the post-consumer recycling sector. These standardized devices are pre-set, readily accessible hardware formulated to effectively process diverse recyclable substances without any requirement for custom designs, facilitating their rapid installation in recycling operations. For instance, UMAC, a firm from Austria that is part of the EREMA Group, introducing a unique standardized recycling tool named READYMAC in October 2022. Developed for various uses in the post-consumer recycling sector, READYMAC does not require particular configurations and can be swiftly operational. READYMAC can process an array of substances, even those mildly soiled waste and boasts a processing ability of as much as 450 kilograms per hour. Drawing from tried-and-true technology, READYMAC offers consistent performance and represents excellent value for customers seeking efficient recycling solutions.
Who Are the Key Players In The Recycling Equipment Market?
Major companies operating in the recycling equipment marker are:
• 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
What Is The Most Dominant Region In The Recycling Equipment Market?
Asia-Pacific was the largest region in the recycling equipment market in 2024. The regions covered in the recycling equipment marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
