Recycling Equipment Machinery Market Outlookm

Recycling
Equipment & Machinery Market Outlook To 2026: Emerging Trends, New Growth
Opportunities, Regional Analysis 

Global Market Insights, Inc. has recently added a report on
Recycling Equipment & Machinery Market which
provides a succinct analysis of the market size, revenue forecast, and the
regional landscape of this industry. The report also highlights the major challenges
and current growth strategies adopted by the prominent companies that are a
part of the dynamic competitive spectrum of this business sphere.

Rising concerns for environmental
degradation and carbon emission have fueled a wave of material recycling across
the globe, which is likely to drive recycling equipment & machinery
industry trends. Shifting focus towards appropriate waste management has also
provided impetus to the industry growth.

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Recycling equipment & machinery
product are rapidly penetrating diverse industries, automotive &
construction sectors in particular. Moreover, government initiatives for waste
management and recycling will also propel market trends. Recycling equipment
& machinery market size is forecast to cross the USD 1 billion mark by
2026.

Speaking of regional contribution, Asia
Pacific is poised to make a notable contribution to the global share. Expansion
of building & construction sector in the region will be a key driving force
behind recycling equipment & machinery market growth. The challenges
associated with the plastic disposal is intensifying across the region, which
is further favoring the consumption of recycled plastic.

Recycled plastics are being widely used in
construction applications, such as in designing interiors, exteriors,
structures, and for decorative purposes. Moreover, rapid urbanization in China
along with increasing consumer preference for fully furnished homes with loads
of accessories is likely to increase product demand for construction
application. Apparently,  urbanization
trends will bolster the demand for recycled plastics in the emerging countries,
hence creating lucrative growth opportunities for recycling equipment &
machinery market.

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Complete Report Summary @ https://www.gminsights.com/industry-analysis/recycling-equipment-and-machinery-market

Many multinational organizations, as well
as governments, have implemented awareness campaigns and programs in order to
deal with the menace of plastic waste. For instance, Bisleri International
started an initiative, namely ‘Bottled for Change’, to spread awareness
regarding plastic waste disposal. Till 2018, the initiative resulted in
production of around 4,800 tons of recycled plastic.

Plastic waste volume is increasing at an
alarming pace, thereby creating huge demand for recycling, and, in turn, for
associated equipment & machineries. Extruders, in particular, are
witnessing high demand. These are machines used for producing continuous
lengths of plastic sections out of a selected type of plastic resin. They
transform solid plastic mass into shapes that can be used in its produced form
or converted into other usable products. Extruders utilize co-rotating twin
screw technology for compounding & recycling operations. Extruders
recycling equipment & machinery market share is likely to capture a CAGR of
above 5.5% over the analysis period.

Recycling equipment & machineries are
typically used in processing materials such as paper & cardboard, plastic,
wood, rubber, ferrous & non-ferrous metals, and other materials. Other
processed materials consist of fiber, glass, foam, etc. Recycling equipment
& machinery share from wood, paper & cardboard materials processing is
estimated to expand at a considerable rate through 2026. Recycled materials are
collected, sorted, and processed to produce new materials, which can be further
utilized for manufacturing new paper and cardboard or wooden structures.

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Latin America recycling equipment &
machinery market is forecast to register a notable growth rate of more than 5%
over the coming years. Rapid urbanization and industrialization, along with
shifting government attention towards development of recycling facilities and
infrastructure in the region is likely to supplement Latin America recycling
equipment & machinery market share.

Morita Holdings, Danieli Centro Recycling,
MTB Recycling, Vecoplan AG, and BHS Sonthofen are the key manufacturers in
global recycling equipment & machinery industry. These industry players are
continuously investing in R&D for developing advanced products and services
to gain a competitive edge in the market and for increasing profits.

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