Global Recycling Equipment Market Overview

As of 2022, the recycling equipment market size was valued at USD 27.6 billion. The industry is expected to witness steady growth over the forecast period, with the market projected to reach USD 29.2 billion in 2023 and USD 45.8 billion by 2032. This represents a compound annual growth rate (CAGR) of 5.80% during the forecast period from 2023 to 2032.

The global recycling equipment market has been experiencing significant expansion due to the increasing emphasis on environmental sustainability, waste management, and resource conservation. Recycling equipment plays a crucial role in processing and converting waste materials into reusable materials or products, supporting the circular economy model and reducing the environmental impact of waste disposal.

The global recycling equipment market has been witnessing significant growth due to the increasing emphasis on environmental sustainability, waste management, and resource conservation. Recycling equipment refers to machinery and tools used in various recycling processes to sort, process, and convert waste materials into reusable materials or products.

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Key Companies in the Recycling Equipment market

Key Companies in the Recycling Equipment market include

  • 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
  • LEFORT GROUP

Recycling Equipment Market Segmentation

Recycling Equipment: Equipment Outlook

  • Baler Press
  • Shredders
  • Granulators
  • Agglomerators
  • Shears
  • Separators
  • Extruders
  • Others

Recycling Equipment Processed Material Outlook

  • Metal
  • Plastic
  • Construction Waste
  • Paper
  • Rubber
  • Others

Recycling Equipment Regional Outlook

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Recycling Equipment Industry Developments

February 2023:

Flowserve and Clariter announced a partnership aimed at tackling the issue of plastic waste through chemical recycling facilities. The partnership's goal is to minimize or eliminate plastic waste by developing innovative and environmentally friendly pump and valve lubricant compositions made from recovered plastic waste. By utilizing chemical recycling technology, they aim to transform plastic waste into valuable raw materials, thereby reducing the environmental impact of plastic disposal and promoting a more sustainable approach to plastic usage in industrial applications.

December 2022:

Sumitomo Chemical took a significant step towards advancing plastic recycling efforts by constructing a pilot facility for the chemical recycling of acrylic resin. This facility is designed to collect acrylic plastic scraps and apply recycling technology to convert them into reusable materials. This development showcases the latest advancements in plastic recycling equipment and highlights the company's commitment to finding solutions for the recycling and reutilization of acrylic plastic waste.

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