Plants Recycling Equipment Market Forecasts to 2030 – Global Analysis By Equipment Type (Baler, Presses, Shredders, Sorting Systems, Conveyors, Pulverizers, Granulators, Crushers and Other Types), Application, End User and By Geography

Plants Recycling Equipment Market Forecasts to 2030 – Global Analysis By Equipment Type (Baler, Presses, Shredders, Sorting Systems, Conveyors, Pulverizers, Granulators, Crushers and Other Types), Application, End User and By Geography

According to Stratistics MRC, the Global Plants Recycling Equipment Market is at a CAGR of 5.2% during the forecast period. Plant recycling equipment encompasses a diverse array of machinery designed to efficiently process various types of waste materials from plants and industrial facilities. This equipment typically includes shredders, composters, grinders, balers, and sorting systems designed to efficiently process and repurpose plant-based waste into usable products like compost, mulch, biomass fuel, or recycled materials. The aim is to reduce the environmental impact of plant waste by diverting it from landfills and incinerators while also providing valuable resources for use in agriculture, landscaping, energy production, and manufacturing.

Market Dynamics:

Driver:

Rising demand for recycled materials

Companies are prioritizing sustainable procurement practices and seeking recycled alternatives to reduce their environmental footprint and meet regulatory requirements. Industries across various sectors, including packaging, construction, automotive, and electronics, are increasingly adopting recycled materials. Moreover, this growing demand creates a need for efficient recycling processes, driving investment in plant recycling equipment.

Restraint:

High initial investment

The high initial investment costs are primarily attributed to the need for advanced and specialized equipment, which is often expensive to procure and maintain. The initial capital investment required to set up such recycling plants can be substantial, posing a challenge for potential market entrants and even existing players. Additionally, the costs of facility construction or modification, infrastructure development, and obtaining necessary permits and licenses further contribute to the overall investment requirements and hamper this market.

Opportunity:

Government regulations and policies

As environmental concerns rise globally, governments enact policies to address waste management, resource conservation, and pollution mitigation. Policies like extended producer responsibility (EPR), landfill taxes, and recycling targets compel businesses to invest in recycling infrastructure and technology to comply with legal requirements and avoid penalties. Furthermore, these regulations often mandate or incentivize recycling practices, creating a conducive environment for the adoption of plant recycling equipment and thereby driving market growth.


Threat:

Lack of adequate infrastructure

In many regions, especially in developing countries or rural areas, there is insufficient infrastructure for waste collection, transportation, and recycling. This shortage of infrastructure hampers the efficient operation of recycling plants and limits their ability to process waste materials effectively. Furthermore, the absence of adequate recycling infrastructure may deter investors from entering the market or expanding existing facilities, which gradually impedes this market expansion.

Covid-19 Impact

The COVID-19 pandemic has had several negative impacts on the plants recycling equipment market. Lockdowns, travel restrictions, and border closures disrupted global supply chains, leading to delays in the delivery of raw materials, components, and finished products for recycling equipment manufacturers. Many businesses faced financial challenges during the pandemic, leading to budget cuts and postponement of capital expenditure projects. Furthermore, this has affected the growth and expansion plans of recycling equipment manufacturers and service providers.

The shredders segment is expected to be the largest during the forecast period

The shredders segment is estimated to hold the largest share due to its crucial role in breaking down plant-based waste materials into smaller, more manageable pieces. These machines employ sharp blades or cutting mechanisms to tear, slice, or grind the waste material into smaller fragments, which can then be further processed or recycled into valuable products. Furthermore, factors such as increasing awareness of environmental sustainability and regulatory pressures to reduce landfilling are propelling this segment’s expansion.

The metal recycling segment is expected to have the highest CAGR during the forecast period

The metal recycling segment is anticipated to have highest CAGR during the forecast period due to the fact that it encompasses machinery and tools specifically designed for processing and repurposing various types of metal waste generated from plant-based operations. This includes materials such as scrap metal, metal parts, containers, and equipment from agricultural, horticultural, and industrial operations. In addition, manufacturers are continuously innovating to develop more efficient, cost-effective, and environmentally friendly solutions to meet the evolving needs of the market, which boosts this segment’s growth.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to rapid industrialization, urbanization, and growing environmental awareness. Countries such as China, India, Japan, South Korea, and Australia are witnessing increasing demand for recycling equipment due to the mounting pressure to manage waste sustainably and mitigate environmental pollution. Moreover, increasing investments in infrastructure development, technological advancements, and government initiatives to promote sustainable practices are expected to further boost the growth of the market in this region.

Region with highest CAGR:

Europe is expected to witness highest CAGR over the projection period, owing to the stringent regulatory framework aimed at promoting waste reduction, recycling, and resource efficiency. This region is home to some of the key players, such as Metso, Ammann Group, and Flowserve, which are increasingly adopting closed-loop supply chain models and incorporating recycled materials into their products. Additionally, policies such as the Circular Economy Action Plan and the Waste Framework Directive set ambitious targets for recycling and landfill diversion, which are driving the region’s growth.

Key players in the market

Some of the key players in the Plants Recycling Equipment Market include Liebherr, Komptech GmbH, Metso, Flowserve, Sumitomo Chemical, LyondellBasell, Recycling Equipment Corporation (REC), Bollegraaf Group, Ceco Equipment Ltd., General Kinematics, Nihot International Ltd., Eldan Recycling A/S, Terex Corporation, Vecoplan AG and Ammann Group.

Key Developments:

In December 2023, Volvo Construction Equipment (Volvo CE) and the Ammann Group have reached an agreement whereby the Ammann Group will acquire Volvo CE’s global ABG Paver Business including ABG in Hameln, Germany.

In February 2023, Flowserve Corp has entered into a strategic collaboration agreement with cleantech company Clariter to advance production of its green petrochemicals made from plastic waste.

Equipment Types Covered:
• Baler Presses
• Shredders
• Sorting Systems
• Conveyors
• Pulverizers
• Granulators
• Crushers
• Other Equipment Types

Applications Covered:
• Metal Recycling
• Plastic Recycling
• Paper Recycling
• Glass Recycling
• Other Applications

End Users Covered:
• Industrial
• Construction
• Commercial
• Electronics
• Packaging
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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 2021, 2022, 2023, 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