Recycling Equipment & Machinery Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2026

New developments in the fields of recycling and waste management with rising environmental trends will drive recycling equipment & machinery market forecast. A huge number of companies have embraced the concept of circular economy, that essentially focuses on sustainable development. Corporations, governments, universities and startups from all around the world are collaborating to finding profitable solutions that promote the recycling-waste culture.

The rising trend of recyclability of materials has not left any sector untouched. Automotive, construction, plastic, medical industry and others are investing in recycling initiatives in line with imposition of regulatory norms to curb greenhouse gas emissions & carbon footprint. Technological advancement in recycling equipment & machinery will also favor equipment adoption in the coming years.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2789

How will plastic recycling & equipment machinery market fare through 2026?

When it comes to waste, plastic is the most common material that end up in the landfills. Around 8.5 billion tons of plastic is manufactured annually across the globe, out of which 6 billion tons ends into waste. Producing plastic out of recycled resources uses about 2-3rd less energy than making new plastic products.

Reports suggests that global recycling equipment & machinery market size will cross the USD 1.2 billion mark by 2026. Plastic recycling is gaining major popularity as it would not only reduce pollution but also lower GHG emissions. Plastic recycling & equipment machinery industry share is estimated to record a revenue generation of USD 470 million by the end of 2026.

Why are baler presses demand driving recycling equipment & machinery market forecast?

Balers presses are experiencing high demand from recycling companies as they are excellent for stomping similar types of waste, such as corrugated fiberboard, office paper, cans, metal, plastic and foil. Bailer presses boasts of key features including resistance against compressive strength, corrosion and ensuring longer service life.

The main field of operation for these machines is the industrial stamping for high waste volume and automotive industry. Baler presses dominated the recycling equipment & machinery industry holding 30% of the global share.

Request for customization @ https://www.gminsights.com/roc/2789

Will Asia Pacific emerge as a major regional pocket for recycling & equipment machinery industry?

Asia Pacific recycling and equipment machinery market share is estimated to surpass USD 450 million in terms of revenue by 2026, with China as a major revenue ground. Steel mills in China are spending big on equipment that shreds metal junk, vehicles and others to convert it into reusable raw material.

As per data from the China Association of Metalscrap Utilisation, in 2017, China generated 200 million tons of scrap steel, which was up by 67% from the previous year. Beijing is promoting recycling as part of its push to upgrade heavy manufacturing, which could potentially replace around 280 million tons of iron ore, correspondent to nearly a third of China’s annual iron ore imports.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.