PLASTIC RECYCLING MACHINE MARKET Size and trends

Plastic Recycling Machine Market Size and Trends

Global plastic recycling machine market is estimated to be valued at USD 3.82 Bn in 2025 and is expected to reach USD 5.90 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.4% from 2025 to 2032.

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Strict regulations around plastic waste recycling and rising adoption of sustainable plastic waste management practices are expected to boost demand for plastic recycling machines. Growing concerns about environmental pollution due to plastic waste is expected to boost demand for effective plastic recycling solutions. The market is witnessing growth due to implementation of plastic bans in many countries like, Netherlands Japan, Thailand, etc. and favourable government initiatives like Plastic Resource Recycling Promotion Law, by Japan to promote plastic waste recycling practices. However, high installation and maintenance costs of plastic recycling machines can hamper the market growth.

Strict regulations on plastic waste disposal

Plastic, being a non-biodegradable material, tends to accumulate in landfills and the environment, if not disposed of properly. This has led governments across many countries to implement stringent regulations regarding plastic waste disposal and recycling. Major economies like China, India and several European nations have either banned or imposed heavy restrictions on importing plastic waste for disposal.

This has disrupted the existing plastic waste management processes and forced cities and waste management companies to find sustainable solutions within their territories. With landfills filling up rapidly and incineration not being a viable long-term option, plastic recycling is now being encouraged and incentivized through policy support and initiatives. Financial incentives are being offered for setting up plastic recycling infrastructure and achieving recycling rates. Compliance to recycling norms is being closely monitored through periodic audits and checks.

The aggressive regulatory push is aimed at creating a circular economy for plastics and minimizing environmental pollution from plastic waste. Municipalities and companies now have no choice but to collaborate with recycling technology companies and invest in plastic recycling machinery to reuse plastics domestically. Large recycling projects are being rolled out across many cities and regions. All these factors boosts demand for different types of plastic recycling machines capable of processing diverse plastic streams in an automated, cost-effective manner. For instance, in May 2022, Xycle a plastic recycling company, began construction of a plant in the port of Rotterdam to convert 20,000 tons of non-mechanically recyclable plastic into sustainable raw materials annually, providing an alternative for the chemical industry.