PLASTIC RECYCLING MACHINE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America has been the dominant region with estimated market share of 46.92% in 2024, owing to strong presence of key industry players and well-established recycling industry. The U.S. accounts for the major share within the region due to broad acceptance of recycling practices and supportive regulatory landscape. Stringent recycling mandates have propelled the demand for sophisticated sorting and processing equipment over the years. The presence of leading OEMs such as Pellenc ST, Tomra Systems ASA, and Burek Investments B.V has ensured superior product availability. Canada and Mexico have also contributed to the regional market growth due to increasing e-waste volumes and initiatives to boost recycling rates.

Europe is the fastest growing regional market with CAGR of 7.01% in 2024. Germany heads Europe's competitive market due to emphasis on sustainability and circular economy goals. Advanced robotics and AI integration by Germany-based manufacturers such as Bulk Handling Systems, Vecoplan LLC, and Herbold Meckesheim GmbH has enhanced processing efficiencies. The Plastics Recyclers Europe association has played a pivotal role in strengthening recycling infrastructure and facilitating technology exchange. Meanwhile, major recycling hubs in Italy, U.K., France, and Spain are witnessing expansion led by policy nudges and financial incentives.

The industry presence, adoption rates, and policy environments have established North America's prominent standing whereas initiatives focusing on resource security and innovations are fuelling Europe's rapid advancement in the global plastic recycling machine market.