Recycling Equipment & Machinery Market Size
Recycling Equipment & Machinery Market size was valued at over USD 700 million in 2018 and is estimated to exhibit around 6% CAGR from 2019 to 2026.
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Recycled materials are extensively utilized by major end-user industries including electrical & electronics, automotive, construction, etc. However, low awareness among consumer in the emerging economies are likely to be a key hindrance for the industry development. Rising concerns over greenhouse gas (GHG) emission along with increasing government efforts in several countries to promote recycling are likely to positively impact the recycled equipment & machinery market development over the coming years.
Recycling Equipment & Machinery Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2018 |
| Recycling Equipment & Machinery Market Size in 2018 |
USD 0.79 Billion |
| Forecast Period |
2019 to 2026 |
| Forecast Period 2019 to 2026 CAGR |
6.1% |
| 2026 Value Projection |
USD 1.28 Billion |
| Historical Data for |
2016 to 2018 |
| No. of Pages |
290 |
| Tables, Charts & Figures |
518 |
| Segments covered |
Machine, Processed Material, Region |
| Growth Drivers |
- Growing demand for recycled materials in most of end-use industries across the globe
- Energy conservation and environmental benefits of metal recycling
- Supportive environmental framework and positive recycling activities in Europe
- Growth in construction activities in Asia Pacific
- Growth in automotive sector in developing economies
|
| Pitfalls & Challenges |
- High initial capital investment involved in the scrap recycling process
- Lack of awareness among the consumers
|
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Recycled metals will shape the automobile industry in the future
As the automotive industry turns towards more eco-friendly practices, it's hungry for recycled materials, especially for parts like electrical components and body panels. This shift, along with government efforts to cut back on greenhouse gas emissions, is expected to create a growing need for machines that can turn old materials into new. For example, in India, the government has proposed a policy that aims to have 90% of all automotive parts made from recycled materials. This kind of initiative will lead to more recycling facilities being built, which in turn will boost the demand for equipment and machinery that can do the job.
Recycled materials usage is trending in many end-user industries
Rising usage of recycled materials in various end-user industries including packaging, building & construction, electrical & electronics, automotive, medical, etc. will propel the recycling equipment & machinery market demand in the forecast timeframe. In electrical & electronics sector, recycled materials are extensively used in the manufacturing of wire & cable insulations, TV cabinets, refrigerator trays/linings, laptop body, kettles, personal computers, cell phones, etc. Similarly, recycled glass is creating new opportunities for the manufacturers of packaging containers and bottles. These trends are likely to further develop recycled equipment & machinery market in the coming years.
Low awareness among consumers in developing countries will prove to be a challenge
Although recycling equipment are gaining popularity, the challenges associated with the product acceptance in emerging economies may hinder the market development over the forecast time period. This is due to conception of consumer towards recycled plastics such as, lack of durability & strength, and contamination, etc. These factors may slow down the recycling equipment & machinery market development in coming years. However, increasing government initiatives and awareness programs related to waste management will create the need for recycled materials in the coming years.
Recycling Equipment & Machinery Market Analysis
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Baler press segment is likely to have a significant share of overall market throughout the forecast time period. This is due to large amount of plastic wastes including biodegradable and non-biodegradable materials, that can be recycled into bales using these machines. Further, baler presses are cost effective in compressing waste into bales and also minimize the convenience charges required to transfer the plastic waste.
Shredders will also be growing at a considerable rate in the forecast time period due to its increasing demand for the off-road tire (OTR) sector in the coming years. Proliferating mining sector in major countries including Brazil, India, China, etc. will further propel the industry growth throughout the study period.
In the world of recycling, there are some materials that really shineplastics, metals (both the kind that rust and the kind that don't), wood, paper, and even squishy rubber. Out of all these recycling rockstars, plastics take the biggest slice of the pie. In 2018, over half of all recycling equipment and machinery was used to handle plastic. That's because we're all getting really worried about the mountain of plastic waste that's piling up and messing with our planet. So, we're looking for ways to give plastic a second life. In fact, we're doing pretty well with recycling plastic. About 10% of all the plastic waste we make every year gets a second chance. And that's not too shabby! But here's the kickergovernments are starting to step in and say, "Hey, we can't keep filling up landfills with trash." So, they're making it a priority to recycle more and keep our garbage dumps under control. That's going to give the recycling equipment and machinery market a big boost in the coming years.
Ferrous & non-ferrous metals will have the second highest share of the overall industry in the coming years. Increasing urbanization & industrialization across the globe are creating the requirement for more ferrous & non-ferrous materials. Recycling of these materials offer greater advantages including low energy consumption and greenhouse gas emission, which will further drive its consumption in the various end-user industries.
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Europe faced increasing concerns over plastic wastage in countries including Germany, UK, and Netherlands. In 2016, European countries collected more than 25 million tons of plastic waste, out of which around 8.5 million tons of plastic was recycled. Plastic packaging waste accounted for more than 60% of share of total plastic waste collected in the same year. New packaging law proposed by the parliament in Germany are likely to reduce the plastic wastage in the coming years.
The Asia Pacific region is poised to play a major role in the global recycling industry, as it continues to witness significant growth in the coming years. This growth is being driven by the region's rapid industrialization, which is leading to a surge in plastic waste generation. For instance, in 2017, China alone saw an impressive 11% increase in the recycling of plastics and metals. In an effort to tackle the growing pollution issue caused by plastic, China has implemented a ban on plastic waste imports from other countries worldwide. This move is expected to pave the way for the development of recycling facilities in other nations within the Asia Pacific region, further boosting the demand for recycling equipment and machinery.
Recycling Equipment & Machinery Market Share
Recycling equipment & machinery market share is highly fragmented with a large number of industry players offering a range of products along with fulfilling custom requirements of the recycling companies. The companies are strategically investing into enhancing their capacities across the globe to meet consumer demand. For instance, in 2018, MTB Recycling planned to expand its manufacturing unit based in France, which will cover additional workshops and office spaces. Some of the key manufacturers in the industry includes
- Forrec Srl Recycling
- Lefort
- BHS Sonthofen
- Mid Atlantic Waste Systems
Recycled Equipment & Machinery Market, Machines by Processed Material
- Baler presses
- Plastic
- Ferrous & non-ferrous
- Wood, paper & cardboard
- Rubber
- Others
- Shredders
- Plastic
- Ferrous & non-ferrous
- Wood, paper & cardboard
- Rubber
- Others
- Shears
- Plastic
- Ferrous & non-ferrous
- Wood, paper & cardboard
- Rubber
- Others
- Granulators
- Plastic
- Ferrous & non-ferrous
- Wood, paper & cardboard
- Rubber
- Others
- Agglomerators
- Plastic
- Ferrous & non-ferrous
- Wood, paper & cardboard
- Rubber
- Others
- Extruders
- Plastic
- Ferrous & non-ferrous
- Wood, paper & cardboard
- Rubber
- Others
- Other machines
- Plastic
- Ferrous & non-ferrous
- Wood, paper & cardboard
- Rubber
- Others
Recycled Equipment & Machinery Market, by Processed Material
- Plastic
- Ferrous & non-ferrous
- Wood, paper & cardboard
- Rubber
- Others
The above information is provided on a regional and country basis for the following
- North America
- Europe
- Germany
- France
- Spain
- UK
- Italy
- The Netherlands
- Asia Pacific
- China
- Japan
- India
- South Korea
- Malaysia
- Australia
- Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Ghana
