According to the report by Expert Market Research (EMR), the global recycling equipment market size reached a value of USD 29.91 billion in 2023. Aided by factors such as the increasing waste generation, stringent environmental regulations, and growing awareness of resource conservation and circular economy principles, the market is projected to further grow at a CAGR of 5.6% between 2024 and 2032 to reach a value of USD 48.93 billion by 2032.
Recycling equipment encompasses a wide range of machinery, devices, and systems designed to automate and optimise various stages of the recycling process. From waste collection bins and sorting equipment to shredders, compactors, and balers, recycling equipment enables municipalities, waste management companies, and recycling facilities to efficiently handle and process different types of waste materials, including paper, plastic, glass, metal, and organic waste.
Several factors are driving the recycling equipment market growth. One of the primary drivers is the increasing volume of waste generated worldwide due to population growth, urbanisation, and industrialisation. As urban populations continue to rise and consumption patterns evolve, the demand for waste management solutions and recycling infrastructure grows proportionally, driving investment in recycling equipment and technologies to address the mounting waste challenge.
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Another notable trend is the adoption of advanced technologies such as artificial intelligence (AI), machine learning, and Internet of Things (IoT) in recycling equipment and waste management systems. These technologies enable real-time monitoring, data analytics, and predictive maintenance, enhancing the efficiency, reliability, and performance of recycling equipment and optimising resource utilisation in the recycling process, leading to recycling equipment market development.
Moreover, with increasing awareness of finite natural resources and the need to minimise waste generation, recycling equipment manufacturers and waste management companies are investing in technologies and systems that enable higher recovery rates and improved material quality in the recycling process. Innovations such as optical sorting, sensor-based sorting, and material recovery facilities (MRFs) enhance the recovery of valuable materials from waste streams and promote resource conservation and circular economy principles.
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Circular economy initiatives and partnerships are also driving innovation and collaboration in the market. Governments, businesses, and industry stakeholders are increasingly embracing circular economy models that prioritise resource efficiency, waste prevention, and closed-loop systems. Collaborative efforts between manufacturers, recyclers, and end-users promote the development of innovative recycling equipment solutions, closed-loop supply chains, and sustainable product design practices that minimise waste and maximise resource recovery throughout the product lifecycle, consequently driving up the recycling equipment market share.
Stringent environmental regulations and sustainability goals set by governments and regulatory bodies are also driving demand for recycling equipment. In response to environmental concerns such as climate change, pollution, and resource depletion, governments around the world are implementing policies and regulations to promote waste reduction, recycling, and resource recovery. These regulations incentivise businesses and multiple sectors to invest in recycling equipment and adopt sustainable waste management practices to comply with regulatory requirements and minimise environmental impact.
As per the recycling equipment market analysis, growing public awareness of environmental issues and the importance of recycling is driving consumer demand for products and services that prioritise sustainability and circular economy principles. Consumers are increasingly seeking eco-friendly products, recyclable packaging, and brands that demonstrate commitment to environmental stewardship. This consumer awareness and demand for sustainable solutions are driving investment in recycling infrastructure and driving growth in the recycling equipment market.
Plastic material categories are expected to experience significant expansion in the recycling equipment market in the upcoming period. This growth is attributed to the rising use of recycled plastic in sectors such as construction, automotive, electrical, and electronics. Moreover, the global market for recycling equipment is projected to expand during the forecast period due to the implementation of various governmental regulations concerning plastic waste disposal. On the other hand, the increasing use of recycled rubber as an energy-efficient material in diverse applications is likely to boost the market share of rubber material types in the recycling equipment market.
Market Segmentation
The market can be divided based on the product type, material type, and region
Market Breakup by Product Type
- Baler Press
- Shredders
- Granulators
- Agglomerators
- Shears
- Separators
- Extruders
- Others
Market Breakup by Material Type
- Plastic
- Metal
- Wood
- Rubber
- Construction Waste
- Other
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global recycling equipment market. Some of the major players explored in the report by Expert Market Research are as follows:
- Dover Corporation
- Vecoplan, LLC
- The CP Group
- Harris Waste Management Group, Inc.
- Sebright Products Inc.
- Mirage Packing Industries, LLC
- Coastal Wire Co.
- Environmental Recycling Services, Inc.
- Danieli Centro Recycling
- General Kinematics Corporation
- Other
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