Recycling Equipment & Machinery Market trends research and projections for 2019 - 2026

Browse key industry insights spread across 290 pages with 492 market data tables & 26
figures & charts from the report, “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 (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) Growth Potential, Price Trends, Competitive Market
Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/recycling-equipment-and-machinerymarket
Recycling equipment & machinery product are rapidly penetrating diverse industries,
automotive & construction sectors in particular. Moreover, government initiatives for waste
management and recycling will also propel market trends. Recycling equipment &
machinery industry size is forecast to cross the USD 1 billion mark by 2026.
Speaking of regional contribution, Asia Pacific is poised to make a notable contribution to
the global share. Expansion of building & construction sector in the region will be a key
driving force behind recycling equipment & machinery industry growth. The challenges
associated with the plastic disposal is intensifying across the region, which is further
favoring the consumption of recycled plastic.
Recycled plastics are being widely used in construction applications, such as in designing
interiors, exteriors, structures, and for decorative purposes. Moreover, rapid urbanization in
China along with increasing consumer preference for fully furnished homes with loads of
accessories is likely to increase product demand for construction application. Apparently,
urbanization trends will bolster the demand for recycled plastics in the emerging countries,
hence creating lucrative growth opportunities for recycling equipment and machinery
market.
Many multinational organizations, as well as governments, have implemented awareness
campaigns and programs in order to deal with the menace of plastic waste. For instance,
Bisleri International started an initiative, namely ‘Bottled for Change’, to spread awareness
regarding plastic waste disposal. Till 2018, the initiative resulted in production of around
4,800 tons of recycled plastic.
Plastic waste volume is increasing at an alarming pace, thereby creating huge demand for
recycling, and, in turn, for associated equipment & machineries. Extruders, in particular, are
witnessing high demand. These are machines used for producing continuous lengths of
plastic sections out of a selected type of plastic resin. They transform solid plastic mass into
shapes that can be used in its produced form or converted into other usable products.
Extruders utilize co-rotating twin screw technology for compounding & recycling operations.
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