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

Global plastic recycling machine market is estimated to be valued at USD 3.59 Bn in 2024 and is expected to reach USD 5.46 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. Strict regulations around plastic waste recycling and rising adoption of sustainable plastic waste management practices are expected to boost demand for plastic recycling machines.

Plastic recycling machines are mechanical devices that are used to sort and process discarded plastic materials for downstream applications. These help segregate different types of plastics such as PET, HDPE, PVC, LDPE, PP, and PS based on their inherent properties. Advanced plastic recycling machines employ techniques like near-infrared, X-ray, density separation, and flotation to efficiently separate mixed plastic waste. The sorted plastics are then washed, shredded, crushed or pelletized to produce high-quality plastic recyclates for reuse in the production of new plastic products and packaging. With stringent environmental regulations banning single-use plastics and landfilling of waste, there has been huge demand for plastic recycling machines.

Market Dynamics:

 The global plastic recycling machine market is experiencing growth driven by multiple factors. Increasing environmental concerns about plastic pollution have led to heightened awareness and action, spurring demand for effective recycling solutions. Governments worldwide are implementing stringent regulations to restrict plastic usage, along with favorable policies that promote waste recycling, further boosting market expansion. Additionally, various initiatives by brands and retailers to incorporate recycled content into their products are significantly driving the demand for plastic recycling machines.

However, the market growth is not without its challenges. High equipment and operational costs present substantial barriers to entry and expansion for many businesses. The inability to efficiently recycle multi-layered plastics also limits the effectiveness of current recycling technologies. Moreover, uneven waste collection infrastructure across different regions can hinder the steady supply of recyclable materials, affecting the overall efficiency of recycling operations.

Despite these challenges, significant opportunities are emerging. Advances in technology are making it possible to recycle flexible films, which were previously difficult to process. The development of blockchain systems for plastic traceability is another promising innovation, offering enhanced transparency and accountability in the recycling process.

Nonetheless, the market also faces obstacles from the easy availability of cheaper virgin plastics, which can undermine the demand for recycled materials. Additionally, global macroeconomic uncertainties can impact investment and growth in the plastic recycling sector. Despite these hurdles, the ongoing push for sustainability and technological advancements are expected to continue driving the market forward.

Key features of the study:

• This report provides in-depth analysis of the global plastic recycling machine market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global plastic recycling machine market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Amstar Machinery Co. Ltd., Arlington Machinery, B+B Anlagenbau, CP Manufacturing, Doll Plast, GENIUS MACHINERY, Hikon India, ICMA San Giorgio SpA, KOWIN, Munchy, Netplasmak A, Next Generation Recyclingmaschinen GmbH, POLYSTAR MACHINERY CO., LTD., Precious Plastic, PRM-Taiwan, RECYCLEAN, Sant Engineering Industries, Vecoplan are the major players.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global plastic recycling machine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global plastic recycling machine market.

Detailed Segmentation-

• By Type of Equipment
  • Plastics Extruders
  • Shredders and Granulators
  • Plastic Washing Lines
  • Other Recycling Equipment
•  By Application
  • Post Industrial Recycling
  • PET Improvement
  • Post Consumer Recycling
•  By Distribution Channel
  • OEM
  • Aftermarket
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • Amstar Machinery Co. Ltd.
  • Arlington Machinery
  • B+B Anlagenbau
  • CP Manufacturing
  • Doll Plast
  • GENIUS MACHINERY
  • Hikon India
  • ICMA San Giorgio SpA
  • KOWIN
  • Munchy
  • Netplasmak A.Ş.
  • Next Generation Recyclingmaschinen GmbH
  • POLYSTAR MACHINERY CO., LTD.
  • Precious Plastic
  • PRM-Taiwan
  • RECYCLEAN
  • Sant Engineering Industries
  • Vecoplan