Plastic Recycling Machine Market
Plastic Recycling Machine Market Forecasts to 2030 - Global Analysis By Type (Shredders, Granulators, Extruders, Washers and Other Types), Material Type, Process, Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Plastic Recycling Machine Market is accounted for $494.8 million in 2024 and is expected to reach $742.6 million by 2030 growing at a CAGR of 7.0% during the forecast period. A plastic recycling machine is a device designed to process and convert used plastic materials into reusable raw materials. It typically includes shredders, extruders, and granulators to break down plastic waste into smaller particles or pellets. These machines can handle various types of plastics, including PET, HDPE, and PVC, and play a crucial role in reducing plastic waste and promoting sustainability. By recycling plastics, these machines help conserve resources, reduce pollution, and support a circular economy.
Market Dynamics:
Driver:
Increasing environmental awareness
Increasing environmental awareness is driving growth in the market. As concerns over plastic pollution and climate change rise, businesses and governments are investing in sustainable solutions. Recycling machines are crucial in reducing waste and promoting circular economies by turning plastic waste into reusable materials. This heightened awareness encourages innovation in recycling technologies, fostering demand for more efficient, eco-friendly machines that help mitigate environmental impact and conserve resources.
Restraint:
Availability of recycled materials
While the availability of recycled materials in the plastic recycling machine market offers environmental benefits, it can also have negative effects. The quality of recycled plastics may be inconsistent, leading to challenges in meeting industry standards. Additionally, the reliance on recycled materials can sometimes drive up costs due to the complex processes involved in cleaning and reprocessing. This can discourage manufacturers from adopting recycled plastics, hindering broader sustainability efforts.
Opportunity:
Rising demand for recycled plastics
The rising demand for recycled plastics is fueling growth in the market. As industries prioritize sustainability and reduce their reliance on virgin plastic, the need for efficient recycling solutions intensifies. These machines enable the processing of plastic waste into high-quality recycled materials, meeting the increasing demand. This shift promotes a circular economy, supports resource conservation, and helps businesses reduce environmental impact, driving innovation and investment in recycling technologies.
Threat:
Technological limitations
Technological limitations in the market can hinder progress in recycling efficiency. Many machines struggle to process complex plastic types or contaminants, leading to lower-quality recycled materials. Inadequate technology also increases energy consumption and operational costs, making recycling less economically viable. These challenges slow down the adoption of recycling systems and prevent large-scale recycling, limiting the potential for reducing plastic waste and advancing a circular economy.
Covid-19 Impact:
The COVID-19 pandemic disrupted the market by causing supply chain delays, reduced production capacity, and a decline in waste collection due to lockdowns. Economic uncertainty led to decreased investment in recycling infrastructure, while the increased use of single-use plastics during the pandemic further strained recycling efforts. These factors slowed the growth of the market, delaying advancements in recycling technology and the transition to a circular economy.
The shredders segment is expected to be the largest during the forecast period
The shredders segment is expected to account for the largest market share during the projection period. These machines come in various types, such as single-shaft, double-shaft, and granulators, offering efficiency in reducing plastic to a uniform size. With increasing global plastic waste, the demand for shredders is growing, driven by advancements in recycling technology and stricter environmental regulations. Shredders help improve recycling rates and promote sustainable waste management.
The furniture segment is expected to have the highest CAGR during the forecast period
The furniture segment is expected to have the highest CAGR during the extrapolated period. Manufacturers are leveraging plastic recycling machines to convert waste plastics into new furniture materials, reducing environmental impact. Innovations in recycling technologies enable the production of durable, cost-effective, and aesthetically appealing plastic furniture. This shift aligns with global sustainability trends, making recycled plastic an attractive alternative for producing eco-conscious furniture designs.
Region with largest share:
North America region is projected to account for the largest market share during the forecast period due to rising environmental concerns and growing demand for sustainable solutions. The region's focus on reducing landfill waste and promoting circular economy practices drives the adoption of advanced recycling technologies. Additionally, government incentives and initiatives supporting recycling infrastructure are boosting market growth, making it a key player in the global plastic recycling machine industry.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period. Innovations in plastic recycling technology are making it more efficient and cost-effective. Advanced recycling machines, such as those capable of handling mixed plastics or enhancing sorting processes, are becoming more prevalent in the market. Additionally, India’s rapidly growing population and urbanization have led to an increase in plastic waste. The Indian government has introduced various initiatives to promote recycling and waste management, contributing to the growing demand for recycling machines.
Key players in the market
Some of the key players in Plastic Recycling Machine market include Amstar Machinery Co. Ltd., Weima Maschinenbau GmbH, Yizumi Group, Starlinger Group, Beston Machinery Co., Ltd., Entech Recycling, Tomra Sorting Solutions, Vecoplan AG, Hikon India, Sant Engineering Industries, Genius Machinery Co., Ltd., Precious Plastic, Arlington Machinery, Mac Machinery, InoReco GmbH, Lindner and Daisaku Co., Ltd.
Key Developments:
In August 2023, Lindner and Erema Group, a leading plastic recycling industry leader, joined hands to form a holding company, BLUEONE. The company would leverage the expertise of both companies to accomplish research projects in plastic waste recycling.
In April 2023, Daisaku Co., Ltd., a leading plastic waste recycling industry, collaborated with Polystar Machinery, a global plastic recycling machinery manufacturer, to enhance their business. The company would be purchasing a Repro-Flex 150 Recycling Machine to process the diverse PE and Film waste.
Types Covered:
• Shredders
• Granulators
• Extruders
• Washers
• Other Types
Material Types Covered:
• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
Process Covered:
• Mechanical Recycling
• Chemical Recycling
• Energy Recovery
• Biological Recycling
Distribution Channels Covered:
• Direct Sales
• Distributors and Dealers
• Online Sales
• Industrial Auctions
Applications Covered:
• Hotels and Restaurants
• Educational Institutes
• Furniture
• Passenger Vehicle
• Consumer Goods
• Other Applications
End Users Covered:
• Textile
• Electrical and Electronics
• Construction
• Automotive
• Packaging
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Plastic Recycling Machine Market, By Type
5.1 Introduction
5.2 Shredders
5.3 Granulators
5.4 Extruders
5.5 Washers
5.6 Other Types
6 Global Plastic Recycling Machine Market, By Material Type
6.1 Introduction
6.2 Polyethylene (PE)
6.3 Polypropylene (PP)
6.4 Polyvinyl Chloride (PVC)
6.5 Polystyrene (PS)
6.6 Polyethylene Terephthalate (PET)
7 Global Plastic Recycling Machine Market, By Process
7.1 Introduction
7.2 Mechanical Recycling
7.3 Chemical Recycling
7.4 Energy Recovery
7.5 Biological Recycling
8 Global Plastic Recycling Machine Market, By Distribution Channel
8.1 Introduction
8.2 Direct Sales
8.3 Distributors and Dealers
8.4 Online Sales
8.5 Industrial Auctions
9 Global Plastic Recycling Machine Market, By Application
9.1 Introduction
9.2 Hotels and Restaurants
9.3 Educational Institutes
9.4 Furniture
9.5 Passenger Vehicle
9.6 Consumer Goods
9.7 Other Applications
10 Global Plastic Recycling Machine Market, By End User
10.1 Introduction
10.2 Textile
10.3 Electrical and Electronics
10.4 Construction
10.5 Automotive
10.6 Packaging
10.7 Other End Users
11 Global Plastic Recycling Machine Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Amstar Machinery Co. Ltd.
13.2 Weima Maschinenbau GmbH
13.3 Yizumi Group
13.4 Starlinger Group
13.5 Beston Machinery Co., Ltd.
13.6 Entech Recycling
13.7 Tomra Sorting Solutions
13.8 Vecoplan AG
13.9 Hikon India
13.10 Sant Engineering Industries
13.11 Genius Machinery Co., Ltd.
13.12 Precious Plastic
13.13 Arlington Machinery
13.14 Mac Machinery
13.15 InoReco GmbH
13.16 Lindner
13.17 Daisaku Co., Ltd.
List of Tables
1 Global Plastic Recycling Machine Market Outlook, By Region (2022-2030) ($MN)
2 Global Plastic Recycling Machine Market Outlook, By Type (2022-2030) ($MN)
3 Global Plastic Recycling Machine Market Outlook, By Shredders (2022-2030) ($MN)
4 Global Plastic Recycling Machine Market Outlook, By Granulators (2022-2030) ($MN)
5 Global Plastic Recycling Machine Market Outlook, By Extruders (2022-2030) ($MN)
6 Global Plastic Recycling Machine Market Outlook, By Washers (2022-2030) ($MN)
7 Global Plastic Recycling Machine Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Plastic Recycling Machine Market Outlook, By Material Type (2022-2030) ($MN)
9 Global Plastic Recycling Machine Market Outlook, By Polyethylene (PE) (2022-2030) ($MN)
10 Global Plastic Recycling Machine Market Outlook, By Polypropylene (PP) (2022-2030) ($MN)
11 Global Plastic Recycling Machine Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
12 Global Plastic Recycling Machine Market Outlook, By Polystyrene (PS) (2022-2030) ($MN)
13 Global Plastic Recycling Machine Market Outlook, By Polyethylene Terephthalate (PET) (2022-2030) ($MN)
14 Global Plastic Recycling Machine Market Outlook, By Process (2022-2030) ($MN)
15 Global Plastic Recycling Machine Market Outlook, By Mechanical Recycling (2022-2030) ($MN)
16 Global Plastic Recycling Machine Market Outlook, By Chemical Recycling (2022-2030) ($MN)
17 Global Plastic Recycling Machine Market Outlook, By Energy Recovery (2022-2030) ($MN)
18 Global Plastic Recycling Machine Market Outlook, By Biological Recycling (2022-2030) ($MN)
19 Global Plastic Recycling Machine Market Outlook, By Distribution Channel (2022-2030) ($MN)
20 Global Plastic Recycling Machine Market Outlook, By Direct Sales (2022-2030) ($MN)
21 Global Plastic Recycling Machine Market Outlook, By Distributors and Dealers (2022-2030) ($MN)
22 Global Plastic Recycling Machine Market Outlook, By Online Sales (2022-2030) ($MN)
23 Global Plastic Recycling Machine Market Outlook, By Industrial Auctions (2022-2030) ($MN)
24 Global Plastic Recycling Machine Market Outlook, By Application (2022-2030) ($MN)
25 Global Plastic Recycling Machine Market Outlook, By Hotels and Restaurants (2022-2030) ($MN)
26 Global Plastic Recycling Machine Market Outlook, By Educational Institutes (2022-2030) ($MN)
27 Global Plastic Recycling Machine Market Outlook, By Furniture (2022-2030) ($MN)
28 Global Plastic Recycling Machine Market Outlook, By Passenger Vehicle (2022-2030) ($MN)
29 Global Plastic Recycling Machine Market Outlook, By Consumer Goods (2022-2030) ($MN)
30 Global Plastic Recycling Machine Market Outlook, By Other Applications (2022-2030) ($MN)
31 Global Plastic Recycling Machine Market Outlook, By End User (2022-2030) ($MN)
32 Global Plastic Recycling Machine Market Outlook, By Textile (2022-2030) ($MN)
33 Global Plastic Recycling Machine Market Outlook, By Electrical and Electronics (2022-2030) ($MN)
34 Global Plastic Recycling Machine Market Outlook, By Construction (2022-2030) ($MN)
35 Global Plastic Recycling Machine Market Outlook, By Automotive (2022-2030) ($MN)
36 Global Plastic Recycling Machine Market Outlook, By Packaging (2022-2030) ($MN)
37 Global Plastic Recycling Machine Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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