Recycling Equipment & Machinery Market Size By Machine (Baler Presses, Shredders, Shears, Granulators, Agglomerators, Extruders), By Processed Material (Plastic, Ferrous & Non-Ferrous, Wood Paper & Cardboard, Rubber), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Nov 2019  |  Report ID: GMI2789  |  Authors: Kiran Pulidindi, Soumalya Chakraborty

Report Format: PDF   |   Pages: 290   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

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.
 

Recycling Equipment & Machinery Market

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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 Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: USD 0.79 Billion
Historical Data for: 2016 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 6.1% 2026 Value Projection: USD 1.28 Billion
Pages: 290 Tables, Charts & Figures: 518
Geographies covered (20): U.S., Canada, Germany, France, Spain, UK, Italy, The Netherlands, China, Japan, India, South Korea, Malaysia, Australia, Brazil, Mexico, UAE, Saudi Arabia, South Africa, Ghana
Segments covered: Machine, Processed Material, Region
Companies covered (12): Danieli Centro Recycling, Lefort, Mortia Holdings Corporation, MTB Recycling, Forrec Srl Recycling Systems, BHS Sonthofen, Indromec Spa, Suny Group, Roter Recycling, Vecoplan AG, Shred-Tech Corporation, GAMMA MECCANICA S.P.A
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

Growing consumption of recycled materials in the automotive sector for manufacturing electrical components, body panels, etc. will create the requirement for recycled machines in the coming years. Government initiatives for reducing greenhouse gas emissions in various countries will further create requirement for recycled metals over the projected period. For instance, Ministry of Environment in India have implemented a new draft policy in 2019, which has proposed to achieve 90% recycling rate in the automobile sector. Such initiatives will facilitate the development of more recycling facilities within the country, which will further propel the recycling equipment & machinery demand in future.
 

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.
 

Baler press are commonly used for recycling plastics

Cost effectiveness of baler press will be responsible for its highest share in the industry
Cost effectiveness of baler press will be responsible for its highest share in the industry

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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.
 

Recycled plastics will be the preferred choice of consumers

Plastics, ferrous & non-ferrous materials, wood, paper, cardboard and rubber are the key materials processed by recycling equipment and machinery. Plastics accounted for more than half of the total share of recycling equipment & machinery market in 2018. Growing concerns over the plastic wastage and environmental degradation are likely to be key driving factor for increasing adoption of these materials. Recycled plastics will capture significant attention, as out of total plastic waste nearly 10% of the plastic waste gets recycled every year around the globe. Increasing government intervention for conservation of landfills in developed countries will drive the market development in the forecast time period.
 

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.
 

Energy conservation goals to boost recycled materials popularity in Europe

Supporting laws and regulations related to packaging in European countries are improving the regional demand
Supporting laws and regulations related to packaging in European countries are improving the regional demand

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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.
 

Asia Pacific will also hold a significant share of the overall industry in the forecast time period. Growing industrialization and increasing plastic waste generation within the region are responsible for the industry growth. China reported around 11% increase in the recycling of plastics and metals in 2017 over the previous year. Moreover, the country has imposed a ban on plastic waste imports all over from the world in order to reduce pollution caused by plastic. These trends are likely to create an opportunity for the development of recycling facilities within other countries of the region, which will further create recycling equipment & machinery market demand in future.
 

Companies expanding their production capacities to meet demand-supply gap

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 and many more.
 

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
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Spain
    • UK
    • Italy
    • The Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Malaysia
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Ghana
       

Frequently Asked Questions (FAQ) :

According to GMI, plastics accounted for more than half of the total materials recycled by recycling equipments in 2018.
Report forecasts that the worldwide market will register a CAGR of 6.1% over 2019 to 2026.
As per this report, Europe will witness highest growth in recycling equipment industry owing to increasing plastic waste generation and to fulfil energy conservation goals.

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