Recycling Equipment Market Size

Recycling Equipment Market size was over USD 27.3 billion in 2023 and is anticipated to reach USD 52.5 billion by the end of 2036, growing at a CAGR of 5.6% during the forecast period, i.e., 2024-2036. In 2024, the industry size of recycling equipment is estimated at USD 28.8 billion.

The surging concern for managing waste is the major factor driving the recycling equipment market growth. For instance, as estimated by the UN Environmental Program, the generation of Municipal solid waste is forecasted to surge globally to 3.8 billion tons by 2050 highest from 2023. As a result, the need for recycling to control waste creation is estimated to rise. As policymakers and brand owners alike consider how to reduce plastic pollution, recover and reuse more containers, and generally move towards a circular economy, deposit return systems are being evaluated as a policy tool for their ability to significantly raise beverage container recycling rates.