Recycling Equipment Market Share

APAC Market Statistics

The Asia Pacific recycling equipment market is poised to rise at a CAGR of 5.3% during the forecast period. Further, the market in this region is set to gather a share of over 40.3% during the coming years. The growth of the market in this region is poised to be influenced by a surging urban population. According to the UNFPA predictions, over 60% of the global population is estimated to reside in Asia Pacific. Furthermore, this determines close to 4.3 billion population dwelling in this region, and waste generation is also poised to grow.

Additionally, the recycling equipment market in China is driven by the proliferating plastic recycling in the country.  Presence of globally dominating players including China Recycling Newell Equipment (Jiangsu) Co., Ltd. (CRNE) and Purui Machinery.  CRNE has a strong alliance in the scrap recycling industry and has established strategic partnerships with BOSCH, MKS, ERIEZ, and ROCKWELL.  

The India recycling equipment market is expanding ascribed to rising foreign investments. In July 2024, Linder a European shredding company established a subsidiary in India to strengthen its foothold in foreign markets.  

Furthermore, the recycling equipment market in Japan is additionally expected to grow over the forecast period. The country has a stringent regulatory framework that governs and advocates the adoption of recycling equipment. For instance, the prevalent Home Appliance Recycling Law promotes the recycling of end-of-life home appliances as bulky and non-combustible waste. 

North America Market Analysis

The North America recycling equipment market is expected to have significant growth during the forecast period. The main element to influences the market expansion in this region is poised to be dominated by the increasing recycling of paper and cardboard. For instance, in the year 2022, in the U.S. cardboard boxes were predicted to be the most recycled material with a surge of about 92% compared to the year 2021.

Furthermore, the U.S. recycling equipment market growth is marked by ongoing product innovation and diversification by the local companies. For example, in 2021 American Baler Company unveiled W828 and W721 upgrades to their 2-Ram Baler models. These incorporate off-the-shelf Parker Din Cartridge and standard Directional Control valves. In July 2023, MSS Inc. a prominent domestic player collaborated with British-based Recycleye to develop MSS Vivid AI, an optical sorting solution infused with AI technology and strengthened its position in the market.

Moreover, the recycling equipment market in Canada is driven by the presence of prominent players who specialize in equipment production. This includes Durabac, Machinex Industries Inc., Komar Industries, Inc, Bondtech, and Cummins Allison Corp, amongst several others.