Plastic Recycling Machine Market Worth USD 5.65 Billion in 2023, Predicted to Expand at 7% CAGR through 2030

This comprehensive Global Plastic Recycling Machine Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

According to recent market analysis report, the Global Plastic Recycling Machine Market which was USD 5.65 billion in 2023, expected to grow at a CAGR of 7% during the forecast period of 2024 to 2030.

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Driving Force Behind the Growth of the Plastic Recycling Machine Market through 2030

Adoption of Recycled Plastic Products – There is a rising public concern about plastic pollution, which leads to the generation consuming sustainable products and addressing plastic pollution. The inclination towards the utilization of recycled plastic is enhancing the Global Plastic Recycling Machine Market. This will facilitate the connection between the global sustainable goals & waste management objectives. Also, the optimum usage of recycled plastic provides further benefits, such as decreasing the production of new plastic wastes that are dumped directly in landfills, hence aiding in conserving the natural resources present in the environment. Additionally, the production of recycled products requires less energy, which would indirectly save the environment from carbon emissions.

Market Segment Highlights:

By Type

• Granulators- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Shredders- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Extruders- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Grinders- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Mixers- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Sorters- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Washing Systems- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Drying systems- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Pelletizers- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Others- Market Size & Forecast 2019-2030, USD Million & Thousand Unit

By Technology

• Automatic- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Semi-Automatic- Market Size & Forecast 2019-2030, USD Million & Thousand Unit

By Category

• Single-stage Plastic Recycling Machines- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Two-stage Plastic Recycling Machines- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Multi Stage Plastic Recycling Machines- Market Size & Forecast 2019-2030, USD Million & Thousand Unit

By Application

• Post-Industrial Recycling (PIR) – Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Post-Consumer Recycling (PCR) – Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Improvement Applications- Market Size & Forecast 2019-2030, USD Million & Thousand Unit

By Distribution Channel

• OEMs- Market Size & Forecast 2019-2030, USD Million & Thousand Unit
• Aftermarket- Market Size & Forecast 2019-2030, USD Million & Thousand Unit

OEM (Original Equipment Manufacturer) would account for the largest market share. Purchasing recycling machinery directly from the original manufacturer eliminates the middleman, which not only benefits the environment but also the consumers through cost efficiency. This led to a direct partnership between the recycling businesses and OEMs. As a result, OEMs are considered to dominate the accountability of the market revenue. This, in turn, would create a new hype towards purchasing and installing the recycling machinery from the manufacturer or retailer.

Plastic Recycling Machine Market Regional Outlook:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

Explore the Full Report with Charts, Table of Contents, and List of Figures – https://www.marknteladvisors.com/research-library/plastic-recycling-machine-market.html

Plastic Recycling Machine Market Competition Analysis:

Some of the top Plastic Recycling Machine companies operating in the market are Amstar Machinery Co. Ltd., Arlington Machinery, B+B Anlagenbau, Doll Plast Machinery, Vecoplan AG, Beston Machinery Co., Ltd., CP Manufacturing, GENIUS MACHINERY, Hikon India, ICMA San Giorgio SpA, KOWIN, Netplasmak A, Next Generation Recyclingmaschinen GmbH, POLYSTAR MACHINERY CO., LTD., PRM Taiwan, Others .

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