Sellbyville, DE -- (SBWIRE) -- 10/15/2018 -- 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.

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Recycling Equipment & Machinery Market size will reach USD 1.2 billion by 2025. 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.

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%.

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Projections made by Europe's National Union of Rubber and Polymers show that by 2023 the total rubber waste produced could reach 5.3 million tons. As rubber is recyclable and useful in a variety of applications, communities and businesses have undertaken huge efforts to encourage rubber recycling. For instance, Emmet County in Michigan, USA had initiated a drive in May 2018 where people could dispose of old tires for recycling without any cost.

To be run until August 21, the initiative provided an opportunity to people having dozens of abandoned tires, agricultural tires and worn out bicycle tires to dispose them off efficiently. As part of this drive, CM Rubber Technologies will shred all the tires and purify the rubber, which can be later used in making playground covers, variety of mats, rubber-modified asphalt and other landscaping material.

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In consequence, the Emmet County's tire recycling enterprise demonstrates the massive growth opportunities available for shredders in the recycling equipment and machinery industry. Market trends are indicative of the rising popularity of tire-derived fuels and rubber-based pavement materials produced from shredded tires, which have in turn inspired developments and innovations in the industry. The recycling equipment and machinery market could garner tremendous revenues from rubber recycling through tire shredders, as the world is seeing an unprecedented consumption of automotive products.

Slated to witness an impressive 6% CAGR from 2018 to 2025, the recycling equipment and machinery market is constituted of key participants like Lefort, Morita Holdings, BHS Sonthofen, Mid Atlantic Waste Systems, Danieli Centro Recycling, Idromec Spa and many others.

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