Recycling Equipment Market Size, Share & Trends Analysis Report By Equipment (Baler Press, Shredders, Granulators, Agglomerators), By Processed Material, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global recycling equipment market size was valued at USD 27.21 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. The growth of the recycling equipment industry is attributed to the rising awareness about the sustainable benefits of reusing and recycling waste materials such as metal, plastic, and construction waste. During the COVID-19 pandemic, major end-use industries, such as construction, automotive, aerospace, and electronics, were shut down in 2020, which negatively affected the growth of the recycling equipment industry as there was no generation of waste from these industries. However, from the beginning of 2021, the demand for recycling equipment is expected to witness significant growth as the world returns to normalcy.

In the U.S., the COVID-19 virus spread rapidly in 2020 resulting in nationwide lockdowns, however, the situation for recycling differed across states. For instance, in California, scrap recycling was a part of essential services, resulting in the process being fully operational but the business was very slow. Due to the border closures and less waste generation from end-use industries, the demand for recycling equipment was affected negatively in 2020.

The governments of various countries are focusing on recycling infrastructure which is beneficial for the recycling equipment market. For instance, in October 2020, the U.S. EPA’s National Recycling Strategic plan was introduced to foster a cost-effective, more resilient, and stronger recycling system. The EPA planned to provide national recycling goals over the coming months, which is expected to encourage a wide range of companies to invest in recycling equipment.

Moreover, rising concern about greenhouse gas emissions along with strict regulations by regulatory bodies for waste recycling is likely to have a positive impact on the market over the forecast period. Recycling offers various environmental benefits such as conserving natural resources, reducing greenhouse gas emissions and diverting material from landfills. The above-mentioned factors are expected to boost market growth over the forecast period.

Growing concerns related to the depletion of non-renewable resources, coupled with the high manufacturing cost of primary metals, have augmented the demand for metal recycling in various end-use industries. The emergence of modern technologies has proved to be quite effective, in terms of identifying different types of metals, especially ferrous.

Equipment Insights

Baler press led the market and accounted for 24.8% of the global revenue share in 2022 owing to the increasing use of baler presses for compressing recyclable materials, such as cardboard, paper, plastic, aluminum, and non-ferrous metals, into dense bundles known as bales. Different baler presses, such as vertical balers, horizontal balers, two ram balers, and liquid extraction balers, are available in the market.

The shredding equipment is anticipated to show lucrative growth over the forecast period on account of rising demand from the tire industry. Shredding equipment is used to break down processed materials into reduced and more manageable parts before converting them into a more convenient form for reuse.

The demand for separators is estimated to witness growth at a CAGR of 6.4% from 2023 to 2030, in terms of revenue. Separation is one of the most important recycling processes to categorize scrap material. The various types of separation equipment include magnetic separators, air separators, eddy current separators, screeners, vibratory screeners, rod decks, disc screeners, and star screeners.

The demand for granulators is expected to be prominent in the copper and aluminum industry, as these equipment are used to separate these metals from wires and cables. Copper granulators have become a key component in copper recycling as they are environmentally friendly, easy to operate, and deliver high profits for low investment costs.

Processed Material Insights

The plastic segment led the market and accounted for 33.4% of the global revenue share in 2022. This is attributed to the rising utilization of recycled plastic in end-use industries including construction, automotive, and electrical & electronics. Additionally, various laws and guidelines forced by governments for plastic waste disposal are expected to drive the plastic recycling equipment market over the forecast period.

Paper recycling offers several advantages, such as the conservation of water, energy, and landfill space. Moreover, paper recycling reduces greenhouse gas emissions, whereas, recycled fiber is a cost-effective and sustainable resource that can be used for making new paper products. Thus, a growing focus on sustainability is expected to drive the demand for paper recycling, which, in turn, is anticipated to drive the recycling equipment market growth over the forecast period.

The demand for metal recycling equipment is expected to grow at a CAGR of 5.2% from 2023 to 2030, in terms of revenue. Scrap metal material can be recycled multiple times while retaining its properties and used in several end-use industries such as automotive, aerospace, packaging, and construction. This, in turn, is expected to boost the demand for recycled metals, thereby driving the recycling equipment market growth in the near future.

Recycled rubber helps in preserving both energy and resources, which is used in various applications in civil engineering works such as playground surfaces, synthetic turfs, athletic tracks, speed bumps, automobile floor mats, textured paints, landscaping materials, and roofing. Thus, widespread applications of recycled rubber are expected to favor market growth over the coming years.

Regional Insights

Asia Pacific led the market and accounted for over 39.6% of the global revenue share in 2022. Owing to growing industrialization coupled with stringent regulations about disposal processes and waste recycling. Economic development in the region along with the rising importance of waste management in India, China, and Japan are driving the market in the region.

Several initiatives and stringent regulations imposed by governments on waste recycling are expected to boost the demand for the recycling equipment market in Europe over the forecast period. The government of various European countries is investing in construction and infrastructure projects which is expected to be beneficial for the market as various recycling materials are used in construction activities.

The demand for recycling equipment is estimated to witness growth at a CAGR of 4.6% in Central & South America over the forecast period. The construction industry is growing rapidly in Brazil & Argentina which is increasing the demand for recycled materials such as metals that are required for construction. This would have a positive impact on the demand for recycling equipment over the forecast period.

The recycling scenario in France has not been encouraging; however, the government is taking steps to tackle this issue. In February 2020, the government of France passed an anti-waste law to recycle 100% of plastic waste by 2025. This law, along with the EU circular economy legislation, is expected to increase recycling activities in the country, thereby augmenting the demand for recycling equipment.

Key Companies & Market Share Insights

The competitive environment in the recycling equipment market is driven by innovation in technology for the usage of recycling equipment. Companies operating in the market are investing in the research & development of new equipment to optimize their operating methods and improve the efficiency of recycling equipment.

For instance, in October 2021, Metso Outotec launched an Index online tool for metal recycling machines. This tool enables sifting through data and collecting and evaluating data to monitor and analyze metal recycling machines. In September 2019, Tomra Sorting Recycling launched X-TRACT X6 FINES. The product is used for sorting mixed non-ferrous metal fractions. Some prominent players in the global 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 Report Scope

Global Recycling Equipment Market Segmentation

This report forecasts revenue growth at global, regional & country levels, and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global recycling equipment market report based on equipment, processed material, and region:

• Equipment Outlook (Revenue, USD Million, 2018 - 2030)

  • Baler Press

  • Shredders

  • Granulators

  • Agglomerators

  • Shears

  • Separators

  • Extruders

  • Others

• Processed Material Outlook (Revenue, USD Million, 2018 - 2030)

  • Metal

  • Plastic

  • Construction Waste

  • Paper

  • Rubber

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Spain

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE