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Recycling Equipment & Machinery Market report 2019-2025 by regional revenue, growth & trends analysis
Recycling Equipment and Machinery Market
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.
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Recycling Equipment & Machinery Market will reach USD 1.2 billion by 2025; according to a new research report. 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.
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.
Recycling Equipment & Machinery Market, By Processed Material
• Plastic
• Ferrous & Non-ferrous
• Wood, paper & cardboard
• Rubber
• Others
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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.
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.
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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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