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PRESS RELEASE
Published March 31, 2023
“market intelligence data That Adds Flavour To Your Success”
The Plastic Recycling Equipment Market Report 2023 report provides the latest industry data and future industry trends. The forecast market information, SWOT analysis, market scenario, and feasibility study are the vital aspects analyzed in this report. The size of the world market for recycling machinery was estimated at USD 27.21 billion in 2023, and it is anticipated to rise at a CAGR of 5.4% from 2023 to 2029.
The growing understanding of the environmental advantages of recycling and reusing waste materials like metal, plastic, and building debris is credited with the expansion of the recycling machinery business. Since there was no trash produced by these end-use industries during the COVID-19 pandemic in 2020, the development of the recycling equipment industry was adversely impacted. Major end-use industries stopped down during the pandemic included building, automobiles, aircraft, and electronics. However, as the world returns to normality at the start of 2021, it is anticipated that the demand for recycling machinery will increase significantly.
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Some of the key players profiled in the study are GENIUS MACHINERY, Polystar Machinery, Vecoplan, KOWIN, Munchy, Doll Plast, B+B Anlagenbau, Matila, BENK Machine, NGR, Atlas, Mooge Machinery, Jordan Reduction Solutions, SASCO, Sortdek, CP Manufacturing, Meyer Sorter and other Prominent players.
Vecoplan AG unveils new cleaning process for plastics recycling
The company’s new demonstration and test facility, Cleanikum, enables customers to run cleaning trials with films and thin-walled hard plastics made of polyolefins. A Germany-based supplier of machinery and equipment for processing primary and secondary raw materials for thermal and material recycling, Vecoplan AG has introduced an additional step in plastics processing that it says demonstrates new ways to save water and energy—a departure from established treatment processes.
ExxonMobil Launches 50% Post-Consumer Recycled Plastic Pails In India
ExxonMobil, a global leader in lubrication technology innovation, has launched an initiative to encourage sustainable packaging with its 50% Post-Consumer Recycled (PCR) plastic pails. The PCR pails drive the use of recycled plastic, helping reduce plastic waste, and enabling sustainable progress.
Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Plastic Recycling Equipment market. The major and emerging players of the Plastic Recycling Equipment Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Plastic Recycling Equipment market.
The segmental analysis section of the report includes a thorough research study on key type and application segments of the Plastic Recycling Equipment market.
Plastic Recycling Equipment Market (By Type)
Plastic Shredders
Plastic Sorters
Others
Plastic Recycling Equipment Market (By Application)
PET Recycling
PVC Recycling
Other
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Important years considered in the Plastic Recycling Equipment study:
Historical year – 2017-2023; Base year – 2023; Forecast period** – 2023 to 2029 [** unless otherwise stated]
If opting for the Global version of Plastic Recycling Equipment Market; then the below country analysis would be included:
– North America (the USA, Canada, and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)
– Asia-Pacific ( 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. )
– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)
– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Reasons to Procure this Report:
(A) The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.
(B) The report provides Plastic Recycling Equipment market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.
(C) The research includes the Plastic Recycling Equipment market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.
(D) Plastic Recycling Equipment market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.
(E) This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.
(F) The study helps evaluate Plastic Recycling Equipment business predictions by region, key countries, and top companies’ information to channel their investments.
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What is new in 2023?
– Major developments that can change the business landscape as well as market forecasts.
– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.
– Coverage of new market players and change in the market share of existing players of the Plastic Recycling Equipment market.
– Updated financial information and product portfolios of players operating in the Plastic Recycling Equipment market.
– Updated market developments of the profiled players.
– Any new data points/analysis (frameworks) which was not present in the previous version of the report
The new edition of the report consists of trends/disruptions on customer’s business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Plastic Recycling Equipment.
20% free Customization of this Report:
-20% Free customization.
-Five Countries can be added as per your choice.
-Five Companies can added as per your choice.
-Free customization upto 40 hours.
-Post-sales support for 1 year from the date of delivery.
inquiry:
Irfan Tamboli (Head of Sales)
Phone: + 1704 266 3234
[email protected]
This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]
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