PUBLISHER: The Business Research Company | PRODUCT CODE: 1615018
PUBLISHER: The Business Research Company | PRODUCT CODE: 1615018
Recycling equipment comprises machines and devices designed to process waste materials, enabling the recovery and reuse of valuable resources. This equipment facilitates the separation, compaction, and transformation of various recyclable materials-including metals, plastics, paper, and glass-into usable products for further manufacturing or consumption.
The main types of recycling equipment include baler presses, shredders, granulators, agglomerators, shears, separators, extruders, and others. A baler press is a heavy-duty machine specifically designed to compress and compact recyclable materials such as paper, plastic, metal, and textiles into dense, manageable bales. This process simplifies handling, storage, and transportation, enhancing the efficiency of recycling operations in sectors such as waste management and manufacturing. These machines are utilized to process a variety of materials, including metal, plastic, construction waste, paper, and rubber, and are employed in municipal solid waste recycling, commercial and industrial waste management, metals separation and recycling, e-waste recycling, and transfer station recycling operations.
The recycling equipment market research report is one of a series of new reports from The Business Research Company that provides recycling equipment market statistics, including recycling equipment industry global market size, regional shares, competitors with a recycling equipment market share, detailed recycling equipment market segments, market trends and opportunities, and any further data you may need to thrive in the recycling equipment industry. This recycling equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The recycling equipment market size has grown strongly in recent years. It will grow from $25.87 billion in 2023 to $27.52 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed during the historic period can be attributed to government regulations, limitations on landfill space, increasing urbanization, rising industrialization, and a growing volume of waste generation.
The recycling equipment market size is expected to see strong growth in the next few years. It will grow to $35.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth during the forecast period can be attributed to circular economy initiatives, stricter waste management regulations, the proliferation of e-waste, goals for reducing carbon footprints, and the establishment of public-private partnerships. Key trends expected in this period include increased automation in recycling processes, the development of modular recycling systems, the utilization of 3D printing for waste, the establishment of decentralized recycling facilities, and the use of blockchain technology to enhance transparency in recycling efforts.
The increasing importance of waste management is anticipated to drive the growth of the recycling equipment market in the future. Waste management encompasses the activities and processes involved in the collection, handling, processing, storage, and transportation of waste materials from their origin to their final disposal sites. The heightened focus on waste management is fueled by growing environmental awareness, strict regulations, urbanization, resource scarcity, and advancements in recycling technologies. Recycling equipment plays a crucial role in contemporary waste management, as it facilitates the separation, processing, and conversion of recyclable materials, significantly decreasing the amount of waste directed to landfills, minimizing environmental impact, and aiding in the shift toward a sustainable circular economy. For example, in February 2024, the Global Waste Management Outlook 2024 published by the United Nations Environment Programme, a global authority based in Kenya, projected that global municipal solid waste generation would reach 2.68 billion tons by 2030, 3.229 billion tons by 2040, and 3.782 billion tons by 2050. Consequently, the growing importance of waste management is propelling the recycling equipment market.
Leading companies in the recycling equipment market are concentrating on developing advanced products such as standardized recycling machines to improve efficiency, reduce costs, and meet the increasing demand for rapid recycling solutions in the post-consumer recycling sector. Standardized recycling machines are pre-configured, readily available devices designed to process a variety of recyclable materials efficiently without the need for custom designs, allowing for quick implementation in recycling operations. For instance, in October 2022, UMAC (EREMA Group), an Austrian manufacturer, launched READYMAC, a standardized recycling machine tailored for diverse applications in the post-consumer recycling market. READYMAC enables swift deployment without requiring custom configurations and processes various materials, including lightly contaminated waste, with a throughput capacity of up to 450 kilograms per hour. Utilizing proven technology, READYMAC ensures reliable performance and offers excellent value to customers seeking effective recycling solutions.
In July 2023, Metro Compactor Service, a waste equipment service provider based in Canada, acquired the waste and recycling equipment service and manufacturing division of Miller Waste Solutions Group for an undisclosed sum. This acquisition aims to strengthen Metro Compactor Service's distribution, maintenance, and repair capabilities in waste equipment while expanding its presence in the recycling equipment market. Miller Waste Solutions Group is also based in Canada and provides recycling and waste management equipment.
Major companies operating in the recycling equipment market 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
Asia-Pacific was the largest region in the recycling equipment market in 2023. The regions covered in the recycling equipment marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the recycling equipment marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The recycling equipment market consists of sales of products such as optical sorters, glass crushers, conveyors, magnetic sorters, compactors, air classifiers, and trommels. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Recycling Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on recycling equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for recycling equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The recycling equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.