Press Release

Plastic Recycling Machine Market was Valued at USD 5.65 Billion & Achieve 7% CAGR from 2024-30

The Global Plastic Recycling Machine Market size is projected to reach USD 5.65 billion by 2030 with the estimated to growth-rate (CAGR) of around 7% during 2024-30. Plastic Recycling Machine comprises highly technical machines such as crushers, shredders, cutters compactor pelletizing systems, etc., used to recycle plastic and promote a healthy ecosystem. The shift towards public awareness regarding the importance of environmental health results in a flourishing demand for plastic recycling machines. Moreover, even the Government policy brings keen attention to the environmental factor, by reducing the usage of plastic, initiating with the household sector, and increasing awareness in more and more parts of the society, thus enhancing the market growth.

Besides this, the cost of inventories, machinery, installation, and setting up the plant for recycling products requires much expense. Even proper coordination with the concerned machinery requires skilled and professional labor who demand higher wages, hence limiting the Plastic Recycling Machine Market growth. However, the rising urbanization, industrialization, and technological development are driving the market expansion. Also, the continuous R&D to enhance & innovate the recycling machines & the deployment of AI technology would generate demand, thus opening an opportunistic arena for industry growth in the forthcoming years, further states the research report, “Global Plastic Recycling Machine Market Analysis, 2024.”

Global Plastic Recycling Machine Market Segmentation Analysis

OME to Account for Substantial Market Share

Based on the distribution channel, the market is divided into OEMs (Original Equipment Manufacturers) and Aftermarket. Of the two, OEM (Original Equipment Manufacturer) captured the potential share of the Global Recycling Machine Market. Buying recycling machinery straight from the initial manufacturer removes the middleman, benefiting both the environment and consumers by enhancing cost efficiency. This approach has enabled direct partnerships between recycling businesses and original equipment manufacturers (OEMs). Therefore, OEMs are seen as key players in market revenue accountability. This tendency is likely to raise interest in purchasing and installing recycling machinery directly from manufacturers or retailers. Further, the comprehensive advantages presented by OEMs lead to high customer satisfaction, positive reviews, and an upsurge in the purchase of recycling machinery and related services.

North America Followed by Asia-Pacific to Promote Lucrative Growth in the Global Market

North America to capture the largest share of the Global Plastic Recycling Machine Market and is expected to maintain a robust stand in the coming years as well. This eminence is driven by increasing environmental awareness among governments, individuals, and companies in the region. Continuous upgrades and innovations in recycling machinery further augment market growth. In particular, the United States exhibits a high demand for recycling machinery due to stringent government regulations and robust recycling practices. Mexico and Canada also contribute to the growth of the market with their effective recycling processes.

Additionally, the Asia-Pacific region is also anticipated to secure a significant share of the Global Plastic Recycling Machine Market in the near future, driven by its large population and high plastic consumption.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Amstar Machinery Co. Ltd., Arlington Machinery, B+B Anlagenbau, Doll Plast Machinery, Vecoplan AG, Beston Machinery Co., Ltd., CP Manufacturing, GENIUS MACHINERY, Hikon India, ICMA San Giorgio SpA, KOWIN, Netplasmak A, Next Generation Recyclingmaschinen GmbH, POLYSTAR MACHINERY CO., LTD., PRM Taiwan, Buhler Group, Genius Machinery Co., Ltd. and Others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame