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Recycling Equipment Market 2024: Industry Insights, Trends, and Growth
Recycling Equipment Market 2024
Recycling Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
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 in the historic period can be attributed to government regulations, landfill space limitations, growing urbanization, rising industrialization, and increasing 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 growth in the forecast period can be attributed to circular economy initiatives, stricter waste management laws, e-waste proliferation, carbon footprint reduction goals, and public-private partnerships. Major trends in the forecast period include automation in recycling processes, modular recycling systems, 3D printing waste utilization, decentralized recycling facilities, and blockchain for recycling transparency.
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Scope Of Recycling Equipment Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Recycling Equipment Market Overview
Market Drivers -
The growing significance of waste management is expected to propel the growth of the recycling equipment market going forward. Waste management refers to the activities and processes involved in collecting, handling, processing, storing, and transporting waste materials from their point of generation to their final disposal location. The growing significance of waste management is driven by increasing environmental awareness, stringent regulations, urbanization, resource scarcity, and advancements in recycling technologies. Recycling equipment is increasingly vital to modern waste management, as it streamlines the separation, processing, and transformation of recyclable materials, significantly reducing waste sent to landfills, lowering environmental impact, and supporting the transition toward a sustainable circular economy. For instance, in February 2024, according to the Global Waste Management Outlook 2024 published by the United Nations Environment Programme, a Kenya-based global authority on the environment, global municipal solid waste generation is projected to reach 2.68 billion tons by 2030, 3.229 billion tons by 2040, and 3.782 billion tons by 2050. Therefore, the growing significance of waste management is driving the recycling equipment market.
Market Trends -
Major companies operating in the recycling equipment market are focused on developing advanced products such as standardized recycling machines to enhance efficiency, reduce costs, and cater to the growing demand for quick recycling solutions in the post-consumer recycling segment. Standardized recycling machines are pre-configured, readily available equipment designed to process various recyclable materials efficiently without custom design, enabling quick deployment in recycling operations. For instance, in October 2022, UMAC (EREMA Group), an Austrian-based company that manufactures a unique standardized recycling machine, launched READYMAC. READYMAC is a standardized recycling machine designed for various applications in the post-consumer recycling market, offering quick deployment without the need for custom configurations. It processes a range of materials, including lightly contaminated waste, with a throughput capacity of up to 450 kilograms per hour. Built on proven technology, READYMAC provides reliable performance and excellent value for customers seeking efficient recycling solutions.
The recycling equipment market 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
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Regional Insights -
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.
Key Companies -
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
Table of Contents
1. Executive Summary
2. Recycling Equipment Market Report Structure
3. Recycling Equipment Market Trends And Strategies
4. Recycling Equipment Market - Macro Economic Scenario
5. Recycling Equipment Market Size And Growth
…..
27. Recycling Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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