Plastic Recycling Machine Market Size, Share, and Industry Analysis By Machine Type (Granulators, Shredders, Washing Systems, Drying Systems, Separation, Pelletizers, and Others (Treatment Systems)), By End Users (Food & Packaging, Automotive, Waste Management, and Others (Consumer Goods)), and Regional Forecast, 2024-2032

Plastics are a daily-use material that is deposited on the earth’s surface at a very extreme level. Thus, plastic recycling machines are industrial equipment that uses various methodologies to minimize the impact of plastics on useful products. Plastic recycling machines process any type of plastic waste into PVC, PET, PP, PE, and other polymer materials.

Plastic recycling machines are primarily adopted across industries for the minimization of waste, with rising global players penetrating the plastic recycling industry. The application primarily has different types of machinery, such as granulators, shredders, washing systems, drying systems, separation, pelletizers, and others (treatment systems). The geographic expansion of companies to countries such as the U.S., China, India, and majorly plastic waste generating companies.

The global plastic recycling machine market is estimated to grow progressively with investments. The government initiatives and investments across the recycling of the plastic industry to manufacture recyclable polymer-based products are set to help expand the revenue of the plastics-based polymer recycling industry. Furthermore, innovative technologies such as incineration burning technologies in minimizing plastic polymer waste provide lucrative opportunities for emerging players to increase their market share over the forthcoming years.

During the COVID-19 pandemic, supply chain disruptions hindered the demand for plastic recycling machines across end user industries. Plastic has a dominant use across various industries, with prominent use across packaging and consumer goods. However, fewer sales of new products during the pandemic due to the halted supply chain of products depreciated the market capital, significantly reducing the demand for packaging plastic and hampering plastic recycling globally. However, the huge deposition of plastic is already present across the globe, and government incentive policies boosted the plastic recycling machinery demand globally.

Key Insights:

The report covers the following key insights:

• Recent Industry Trends and Developments


• Competitive Landscape and Key Players


• Complete Background Analysis, Including Assessment of the Global Plastic Recycling Machine Market


• Complete Analysis of Segments


• Impact of COVID-19 on the Global Plastic Recycling Machine Market

Segmentation:

Industry Analysis:

Plastics are widely used in many end-use industries worldwide due to many advantages such as easy availability, durability, lightness, flexibility and cost-effectiveness. Additionally, it is in high demand in the healthcare, electronics and automotive industries due to its versatile nature and low maintenance characteristics. Additionally, the growing use of plastic for transportation and packaging purposes is creating many opportunities in the plastic recycling machine market.

Regional Analysis:

• The North American region is estimated to grow steadily with increased demand for plastics in the packaging and automotive sectors. Government initiatives and plans to minimize the plastic deposition rate and focus on manufacturing new products out of recycled plastic polymers will drive the demand for plastic recycling machines.


• Europe’s plastic recycling industry is estimated to grow moderately with strict environmental policies to minimize the impact of plastics. The increased focus on the recycling of single-use and plastic polymers is set to influence investments across countries such as the U.K., Germany, France, and Russia.


• The Asia Pacific market is noted to grow extensively with the highest CAGR due to its large consumer base and diverse application of polymers across the consumer goods and packaging industry. The increased application of plastic polymers to manufacture automotive components and accessories across industries is expected to favor product adoption across the application in countries such as China, India, Japan, and the Southeast Asia.


• Latin America is set to grow slowly through rising investment in the waste recycling business that mainly constitutes plastic. The small and medium players penetrating the plastic recycling market leverage opportunities across countries such as Brazil and Mexico to cater to the rising demand.


• The Middle East & Africa region is estimated to grow steadily owing to investments in advanced technologies such as polymer-based fuel and co-polymer consumer goods.

Key Players Covered:

Key players in the market are Dollplast Machinery, Hikon, Amstar Machinery, WEIMA, PRM Taiwan, Polystar Machinery, Polyretec, KBM Extrusions, EREMA, Starlinger, USEON, American Cierra Corporation, Beston (Henan) Machinery Co., Ltd., Mackkler, lessa maquinas, American Baler, Marathon Equipment, LEFORT Group, Metso, MHM Recycling Equipment, The CP Group, General Kinematics, and Danieli Centro Recycling.

Key Industry Developments:

• August 2023 – Lindner and Erema Group, a leading plastic recycling industry leader, joined hands to form a holding company, BLUEONE. The company would leverage the expertise of both companies to accomplish research projects in plastic waste recycling.


• April 2023 – Daisaku Co., Ltd., a leading plastic waste recycling industry, collaborated with Polystar Machinery, a global plastic recycling machinery manufacturer, to enhance their business. The company would be purchasing a Repro-Flex 150 Recycling Machine to process the diverse PE and Film waste.


• January 2023 – Erema, a global plastic waste recycling machinery manufacturer, presented the new bottle to bottle system VACUNITE 2000 series.