Recycling Equipment Market Size was valued at USD 27.6 Billion in 2022. The Recycling Equipment market industry is projected to grow from USD 29.2 Billion in 2023 to USD 45.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2024 - 2032).Increasing knowledge of the long-term advantages of recycling and reusing waste products including metal, plastic, and building waste, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Governments all over the globe are putting measures in place to decrease carbon emissions and greenhouse gases because they understand the harm they cause to the environment. As a result, there is a growing need for recycling technology and equipment to aid in trash reduction and encourage sustainable practices. Processing waste materials can be done with recycling equipment. By doing this, less waste ends up in landfills and more natural resources are preserved. Landfills are getting harder to find, and trash production from rising populations and consumerism is only going to become worse. Therefore, by implementing laws like landfill taxes, landfill bans, and recycling targets, governments are encouraging the adoption of recycling practices.
By 2025, the European Union wants its member countries to recycle 55% of their garbage. In a similar vein, the Environmental Protection Agency (EPA) of the United States has set a goal to reduce garbage sent to landfills by 15% by 2030. These rules and objectives promote recycling habits and increase demand for recycling machinery. Through programs like extended producer responsibility (EPR) schemes, governments are also promoting recycling. In accordance with this, producers are in charge of collecting and recycling their products at the end of their useful lives. This motivates manufacturers to create items that are simpler to recycle and eases the load on waste disposal facilities. Because they are more affordable than virgin materials, recycled materials are in greater demand. Recycled materials are a desirable choice for businesses wanting to cut costs. Additionally, recycling materials lessens the need for new materials, which helps preserve natural resources and lessens the environmental effects of resource extraction and processing.
Consumer demand for sustainable products is also rising. Customers are looking for products that are sustainable and friendly to the environment as they become more conscious of the effects of their shopping decisions. As a result, many businesses are using recycled materials to satisfy consumer demand for eco-friendly products. Thus, driving the Recycling Machines market revenue.
The Recycling Equipment Market segmentation, based on Equipment, includes baler press, shredders, granulators, agglomerators, shears, separators, extruders, and others. Due to the rising need for dense bales made of recyclable materials such cardboard, paper, plastic, aluminum, and non-ferrous metals, baler presses category dominated the market in 2022. There are several types of baler presses on the market, including vertical balers, horizontal balers, two ram balers, and liquid extraction balers. Increasing demand from the tire industry is expected to cause the shredding equipment to grow profitably throughout the forecast period. Prior to being transformed into a more practical form for reuse, processed materials are broken down into smaller, more manageable components using shredding machinery.
The waste recycling machinery Market segmentation, based on Processed Material, includes metal, plastic, construction waste, paper, rubber, and others. The plastic segment led the market in 2022. This is explained by the increased usage of recycled plastic in end-use sectors like electrical & electronics, automotive, and construction. Over the course of the forecast period, the market for plastic recycling equipment is anticipated to be driven by numerous laws and regulations imposed by governments for the disposal of plastic waste. Recycling paper has a number of benefits, including preserving landfill space, energy, and water. Additionally, recycling paper lowers greenhouse gas emissions, whereas recycled fiber is a resource that is both affordable and sustainable and can be used to create new paper products. Thus, it is anticipated that an increased emphasis on sustainability will increase demand for paper recycling, which will in turn propel the growth of the recycling equipment market over the forecast period.
Figure 1: Recycling Equipment Market, by Processed Material, 2024 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Recycling Equipment market dominated this market in 2022. This is due to increasing industrialization and strict rules regarding waste recycling and disposal procedures. The market in the region is being driven by economic growth in the area as well as the growing significance of waste management in India, China, and Japan. Moreover, China’s Recycling Equipment market held the largest market share, and the Indian Recycling Equipment market was the fastest growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: RECYCLING EQUIPMENT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Recycling Equipment market accounted for the healthy market share in 2022. Over the course of the forecast period, a number of initiatives and strict government regulations regarding waste recycling are anticipated to increase demand for recycling equipment in Europe. The government of many European nations is investing in infrastructure and development projects, which is anticipated to be good for the market because construction activities employ a variety of recyclable materials. Further, the German Recycling Equipment market held the largest market share, and the U.K Recycling Equipment market was the fastest growing market in the European region
The North America Recycling Equipment Market is expected to register significant growth from 2023 to 2032. Some of the key drivers boosting market statistics in the region include strict government rules governing trash management, an increase in demand for recycled products, and a rise in consumer awareness of sustainable waste management techniques. The largest market growth contributors in North America are the United States and Canada. Further, the U.S. Recycling Equipment market held the largest market share, and the Canada Recycling Equipment market was the fastest growing market in the North America region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the plastic recycling equipment market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Recycling Equipment industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Recycling Equipment industry to benefit clients and increase the market sector. In recent years, the Recycling Equipment industry has offered some of the most significant advantages to medicine. Major players in the Waste Recycling Equipment market, including Recycling Equipment Manufacturing, The CP Group, American Baler, Kiverco, General Kinematics, MHM Recycling Equipment, Marathon Equipment, Ceco Equipment Ltd., Danieli Centro Recycling, ELDAN Recycling, Metso, Suny Group, Forrec Srl Recycling, BHS Sonthofen, and LEFORT GROUP, are attempting to increase market demand by investing in research and development operations.
Operating as a product manufacturing collecting and sorting company is Tomra Systems ASA (Tomra Systems). Reverse vending machines, sorting equipment, peeling equipment, and process analytics equipment are just a few of the products offered by the company. Its services include customer support, digital solutions, and material recovery options. Reverse vending machines by Tomra Systems are used to collect aluminum cans, glass bottles, and plastic bottles for recycling. Business clients include the food, recycling, and mining industries. It is active in Hong Kong, China, Australia, Brazil, New Zealand, Japan, Norway, and Australia. The headquarters of Tomra Systems are in Asker, Oslo, Norway. The Autosort optical sorter, which employs artificial intelligence to improve the efficiency and accuracy of sorting waste materials, was updated in July 2020 by TOMRA Sorting Recycling.
The mineral processing and metallurgical industries can get technology and services from Metso Outotec Corp (Metso Outotec). In addition to processing bauxite, alumina, and aluminum, the company also provides equipment for producing energy, making sulfuric acid, smelting and converting metals, cleaning off-gases, and physical separation. Additionally, it provides services for the processing of minerals and metals, solutions for the chemical industry, water management, plant audits, process control, and equipment and plant upgrades. The business offers services to the chemical and alternative energy sectors. It conducts business on the continents of Europe, the Middle East, Africa, the Americas, and APAC. The headquarters of Metso Outotec are in Helsinki, Finland. Metso Outotec introduced an online tool called Index for metal recycling equipment in October 2021. With the use of this technology, metal recycling machines may be monitored and analyzed while data is collected, evaluated, and sorted through.
February 2023 A partnership between Flowserve and Clariter was announced with a goal of minimizing or eliminating plastic waste through chemical recycling facilities. They are looking for innovative and environmentally friendly pump and valve lubricant compositions made from recovered plastic waste.
December 2022 A pilot facility for the chemical recycling of acrylic resin was built by Sumitomo Chemical. This is a significant effort to gather acrylic plastic scraps and use recycling technology on them, showing off the most recent advancements in plastic recycling equipment.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 27.6 Billion |
| Market Size 2023 | USD 29.2 Billion |
| Market Size 2032 | USD 45.8 Billion |
| Compound Annual Growth Rate (CAGR) | 5.80% (2024 - 2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2018- 2023 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Equipment, Processed Material, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Recycling Equipment Manufacturing, The CP Group, American Baler, Kiverco, General Kinematics, MHM Recycling Equipment, Marathon Equipment, Ceco Equipment Ltd., Danieli Centro Recycling, ELDAN Recycling, Metso, Suny Group, Forrec Srl Recycling, BHS Sonthofen, and LEFORT GROUP |
| Key Market Opportunities | Governments of various countries are focusing on recycling infrastructure |
| Key Market Dynamics | The rising awareness about the sustainable benefits of reusing and recycling waste materials such as metal, plastic, and construction waste |
Recycling Equipment Market Highlights:
Frequently Asked Questions (FAQ) :
The Recycling Equipment Market size was valued at USD 27.6 Billion in 2022.
The global market is projected to grow at a CAGR of 5.80% during the forecast period, 2024 - 2032.
Asia Pacific had the largest share in the global market
The key players in the market are Recycling Equipment Manufacturing, The CP Group, American Baler, Kiverco, General Kinematics, MHM Recycling Equipment, Marathon Equipment, Ceco Equipment Ltd., Danieli Centro Recycling, ELDAN Recycling, Metso, Suny Group, Forrec Srl Recycling, BHS Sonthofen, and LEFORT GROUP
The baler press category dominated the market in 2022.
The plastic category had the largest share in the global market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
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