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Growing Significance Of Waste Management Is Driving The Recycling Equipment Market: Transformative Forces Shaping the Recycling Equipment Market Landscape in 2025
Recycling Equipment
What Will the Recycling Equipment Industry Market Size Be by 2025?
In the past few years, the market size of recycling equipment has experienced significant growth. The market that is projected to increase from $27.52 billion in 2024 to $28.98 billion by 2025, will follow a compound annual growth rate (CAGR) of 5.3%. The expansion during the historical period is due to factors like government policies, limited landfill space, escalating urbanization, mounting industrialization, and a hike in waste production.
What's the Long-Term Growth Forecast for the Recycling Equipment Market Size Through 2029?
In the coming years, the recycling equipment market is predicted to experience robust growth, escalating to a value of $36.59 billion in 2029 with a compound annual growth rate (CAGR) of 6.0%. This growth during the forecasted period can be ascribed to efforts towards a circular economy, more stringent waste management regulations, the spread of e-waste, objectives to reduce carbon footprint, and collaborations between public and private sectors. Noteworthy trends during the estimated period comprise of the incorporation of automation in recycling processes, the development of modular recycling systems, utilization of waste in 3D printing, establishment of decentralized recycling facilities, and the adoption of blockchain for transparent recycling.
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What Are the Key Growth Drivers Fueling the Recycling Equipment Market Expansion?
The escalating importance of waste management is anticipated to energize the expansion of the recycling equipment market in the future. Waste management pertains to the processes and operations undertaken for the collection, treatment, preservation, and transportation of waste from its origination point to its ultimate point of disposal. Factors like a heightened consciousness about the environment, strict regulatory rules, urban growth, scarcity of resources, and advancements in recycling technology contribute to the rising importance of waste management. Recycling equipment plays a crucial role in contemporary waste management by making the division, treatment, and conversion of recyclable materials more efficient, substantially lowering the volume of waste dispatched to landfills whilst also minimizing the environmental footprint and promoting the shift towards a sustainable circular economy. For example, in February 2024, the Global Waste Management Outlook 2024 report by the United Nations Environment Programme, a Kenyan global authority on environment, forecasted that worldwide municipal solid waste generation would hit 2.68 billion tons by 2030, 3.229 billion tons by 2040, and 3.782 billion tons by 2050. Therefore, the increasing importance of waste management is propelling the growth of the recycling equipment market.
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Which Fast-Growing Trends Are Poised to Disrupt the Recycling Equipment Market?
Leading companies in the recycling equipment market are concentrating on the creation of innovative products like standardized recycling machines to boost proficiency, lower expenses, and meet the increasing demand for swift recycling solutions in the post-consumer recycling domain. These standardized recycling machines are pre-designed, easy-to-access equipment made to handle various recyclable materials efficiently, excluding tailor-made design, thereby enabling speedy execution in recycling processes. To illustrate, UMAC (EREMA Group), a company based in Austria known for manufacturing an unparalleled standardized recycling machine, introduced READYMAC in October 2022. This machine is a specialized recycling apparatus for varying functions in the post-consumer recycling market, offering immediate deployment without the prerequisite of personalized configurations. READYMAC can handle diverse materials including lightly contaminated waste and can process up to 450 kilograms per hour. With a foundation on proven tech, READYMAC offers dependable performance and exceptional value to those in search of efficient recycling solutions.
How Is the Recycling Equipment Market Segmented?
The recycling equipmentmarket 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
Subsegments:
1) By Baler Press: Horizontal Baler, Vertical Baler, Manual Baler, Automated Baler
2) By Shredders: Single-Shaft Shredders, Dual-Shaft Shredders, Four-Shaft Shredders, High-Speed Shredders
3) By Granulators: High-Speed Granulators, Slow-Speed Granulators, Wet Granulators, Dry Granulators
4) By Agglomerators: Batch Agglomerators, Continuous Agglomerators, Agglomerating Mills
5) By Shears: Metal Shears, Plastic Shears, Cable Shears
6) By Separators: Magnetic Separators, Eddy Current Separators, Air Separators, Density Separators
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Which Companies Are Leading the Charge in Recycling Equipment Market Innovation?
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
Which Regions Are Leading the Global Recycling Equipment Market in Revenue?
Asia-Pacific was the largest region in the recycling equipment market in 2024. The regions covered in the recycling equipment marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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