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Recycling Equipment & Machinery Market Comprehensive Analysis On Key Players like Gamma Meccanica, Panchal Plastic Machinery Private Ltd., Shred-tech, BHS Sonthofen

10-16-2018 06:12 PM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

Recycling Equipment & Machinery

Recycling Equipment & Machinery

Recycling Equipment & Machinery Market research report is a valuable source of guidance and direction for companies and individuals interested in the industry. Overall, the report provides an in-depth insight of the industry covering all important parameters including, Market Dynamics, Opportunities, Recycling Equipment & Machinery Market Share by Region, Price and Gross Margin, Competitive Landscape and Profile, New Project Feasibility Analysis, Analysis and Suggestions on New Project Investment.

In recent years, legislative pressure and increasing recycling rate have significantly influenced the product market. For instance, Pennsylvania Statutes developed Covered Device Recycling Act in 2010 for recycling electrical and electronic devices. Moreover, in 2015, the global recycling industry generated the revenue of around USD 24 billion and will reach to USD 40 billion by the end of 2020. This will lead to increase recycling equipment & machinery market growth in near future.

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Recycling waste product plays a noteworthy role in boosting the worldwide economy. It not only provides environment benefits but also reduce the production cost. For instance, recycled aluminum product saves around 95% of energy required to produce virgin aluminum products. Increasing recycling activities around the globe will spur the recycling machinery and equipment market in next seven years down the line.

The market is diversified based on processed material which include plastic, ferrous & non-ferrous, Wood, paper & cardboard, rubber and others. On the revenue basis, ferrous and non-ferrous material is likely to account 30% of the entire market share in near future. Recycled ferrous and nonferrous metals have myriad end-user domain including home appliances, construction materials including rebars, packaging materials such as aluminum cans, beer bottles, wine bottles, etc.

Germany hold the maximum portion of the market volume and depicted substantial growth rate by the end of 2025. According to Eurostat, Germany has maximum recycling rate of 66.1%, with increase of 0.5% from previous year. Growing recycling activities in the country will further spur the product market.

The major participants of the market include Mid Atlantic Waste Systems, Danieli Centro Recycling, Gamma Meccanica, Panchal Plastic Machinery Private Ltd., Shred-tech, BHS Sonthofen, Morita Holdings Corporation, Suny Group, Vecoplan , Forrec Srl Recycling, Roter Recycling, Idromec, and Lefort.

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Poor waste management system along with price fluctuation are the major challenges faced by the developing nation including India, Thailand, etc. Moreover, lack of investment for technological enhancement will impede the recycling equipment and machinery market in this region.

Baler press holds around one-third of the entire product market and exhibit 5.3% year over year increase in market share. The product has important role in concept of 3R which defines reduce, reuse and recycle. These machines compress and binds the waste material into compact bales for easy handling and transportation.

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