Baler press is the most widely used machine in the recycling industry. Almost 30% of the overall recycling equipment & machinery market is dominated by baler presses. These presses are widely used in bailing almost any material such as plastic, scrap metal, rubber, iron & steel efficiently & are available in vertical & horizontal configuration. Among all applications, metal bailing is one of the fastest growing application for this type of recycling machine. This segment will cross USD 390 million by the end of the projected period, increasing at a CAGR over 5.7%.
Plastic is the largest recycled material globally after ferrous materials. Almost 8.5 billion tons of plastic is manufactured yearly of which almost 6 billion tons of plastic goes waste. Only 10% of this wasted plastic gets recycled every year. With rise in regulations in Europe & North America regarding landfilling of plastic & use of bioplastics, the demand of plastic recycling equipment & machinery is anticipated to rise at a noteworthy rate during the forecast period. This segment would surpass almost USD 470 million by 2025, at a CAGR over 6.3%.
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The global Recycling machinery and equipment market is pre-eminently being driven by the rising need to curb the greenhouse gas emissions and the increasing awareness across various business verticals to incorporate recycled materials in their manufacturing processes to develop sustainable products. Regulatory authorities and governments across various nations have been framing stringent laws to encourage recycling of non-biodegradable materials and the development of advanced recycling techniques.
Concurrently, using recycled materials in manufacturing processes has been proved to aid in lowering the CO2 emissions from furnaces involved in producing plastic, steel, and rubber products. In addition to this, the Recycling machinery and equipment industry has assisted manufacturers to significantly cut down the production cost, especially in manufacturing ferrous products.
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As a result of the burgeoning automotive industry across the globe, an enormous amount of auto-parts is being illegally dumped in sensitive habitats like lakes and rivers. The scrap rubber tires are amongst the major auto-parts which are being discarded in a manner that has damaged the environment in more ways than one.
Numerous environmental organizations have been critical of this practice and have made strong appeals for recycling of scrap rubber tires. For the record, a rubber tire is a composite, highly-engineered product that is said to be virtually indestructible under various conditions which makes it quite difficult to recycle effectively. However, the Recycling Equipment & Machinery Market players have been investing heavily in technologies to develop advanced machines like tire shredders to ease the process of tire recycling.
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Projected to surpass an overall remuneration of USD 1.2 billion by 2025, the Recycling Equipment & Machinery Market is constituted of major firms like Idromec Spa, Mid Atlantic Waste Systems, BHS Sonthofen, Forrec Srl Recycling, Morita Holdings Corporation, and Lefort among others.
Owing to exceptional rise in e-commerce & export activities in developed and emerging nations alike, the demand for recycled paper has witnessed a drastic uptick across various regions in the recent times. Environmental experts believe that it is quite imperative to integrate materials containing high levels of recycled paper due to their numerous benefits over other disposal alternatives.
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