Recycling machinery and equipment Market to derive commendable revenue from rubber and plastic recycling, global industry share to exceed 1 billion-dollar mark by 2025

Sellbyville, DE -- (SBWire) -- 11/21/2018 --The qualitative research study conducted by Global Market Insights, Inc. titled "Recycling machinery and equipment Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Recycling machinery and equipment Market.

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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Recycling Equipment & Machinery Market size will reach USD 1.2 billion by 2025; according to a new research report by Global Market Insights, Inc. Recycling equipment & machinery are generally used to process & separate materials collected by recycling products such end of life tires, electric components such as mobiles, electric motors, e waste, plastic bottles made of PET, engineering plastics, end of life vehicles, paper & wood products.

The recycling equipment & machinery market is majorly driven by the rise in awareness & consciousness of industries such as automotive, industrial machinery, building & construction about the benefits of use of recycled materials in their final products. The need to urgently curb green house emissions has also resulted in development of eco friendly materials which will reduce the carbon foot print globally. In addition to this, stringent laws & regulations imposed by local governments especially in developed regions of Europe & North America will fuel the recycling equipment & machinery demand.

- Recycling machinery and equipment Market, Machine By Processed Material
- Baler presses
- Shredders
- Shears
- Granulators
- Agglomerators
- Extruders

- Recycling machinery and equipment Market, By Processed Material
- Plastic
- Ferrous & Non-ferrous
- Wood, paper & cardboard
- Rubber
- Others

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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 machinery and equipment industry players have been investing heavily in technologies to develop advanced machines like tire shredders to ease the process of tire recycling.

Speaking in the similar context, the statistics published by the Institute of Scrap Recycling Industries Inc. (ISRI), USA are a testimony to the growing prominence of the products being offered by the Recycling machinery and equipment market in the overall global recycling industry. According to ISRI, which is the world's largest recycling association, the U.S. recycling industry processed a humongous 136 million scrap tires in the year 2016. Apparently, the recycled scrap tires are increasingly being utilized in manufacturing rubberized asphalt, equestrian mats, playground surfaces, and new rubber tires as well. Consequentially, a gradual increase in the recycling of scrap rubber tires and the rapid enhancements in recycling techniques is certain to open up innumerable opportunities for the firms partaking in Recycling machinery and equipment industry in the forthcoming years.

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Asia Pacific is the largest market for recycling equipment & machinery as majority of plastic recycled is imported & processed in China. Other important market for recycling equipment & machinery are South Korea, Malaysia, Singapore, Thailand, Australia. Asia Pacific recycling equipment & machinery market will grow at a CAGR of 6.0% and will surpass USD 450 million by 2025.

Key players present in market include Panchal Plastic Machinery Private Ltd, Danieli Centro Recycling, Lefort, Morita Holdings Corporation, BHS Sonthofen, Forrec Srl Recycling, Idromec Spa, Mid Atlantic Waste Systems, Suny Group, Roter Recycling, Vecoplan AG, Shred-tech Corporation, Gamma Meccanica SPA among others.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.