Automatic Plastic Recycling Machine Market Size is predicted to represent a 8.1% CAGR during the forecast period for 2024-2031.
An automatic plastic recycling machine turns discarded plastic into recyclable particles or crystals that can be used to make new plastic items. Plastic recycling machinery is mainly used in industries to reduce waste, and growing international firms are penetrating the market. With expenditures, the demand for plastic recycling machines will gradually expand worldwide. The government's activities and developments in the plastic recycling sector to produce recyclable items based on polymers are expected to contribute to the growth of the plastics-based polymeric recycling industry's earnings. Additionally, cutting-edge technologies like incinerator burning technologies minimize the waste produced by plastic polymers, giving developing competitors profitable chances to expand the market.
However, the market expansion is hampered by the high-cost standards for the well-being and security of the automatic plastic recycling machine market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high automatic plastic recycling machines because research, development, and commercialization of related technologies can be quite expensive. The need for plastic recycling devices across end-user sectors was hampered by supply chain interruptions during the COVID-19 outbreak. Plastic is widely used in many industries, particularly consumer goods and packaging. Nevertheless, the pandemic's decreasing popularity of novel goods due to the products' interrupted supply chain led to a depreciation of market investment, significantly reducing interest in plastic packaging and hampering plastic recycling efforts worldwide.
The automatic plastic recycling machine market is segmented by type and application. By type, it is divided into single-stage and multi-stage plastic recycling machines. By application, it is divided into polyethylene terephthalate (PET), polyvinyl chloride (PVC), polyethene (PE), polypropylene (PP), and others.
The single-stage plastic recycling machine automatic plastic recycling machine category is expected to hold a major global market share in 2023. These machines are perfect for handling hygienic resources like trash from production and unused injection components. Because they can be arranged in a single line alongside different recycling devices, these machines also conserve storage space.
The polyethylene terephthalate (PET) segment is projected to grow rapidly in the global automatic plastic recycling machine market because it is relatively conveniently recycled plastic. PET is used in many products. Researchers and industry participants are actively contributing to the industry's growth of reused PET inventories because of the material's varied qualities and plenty of usage possibilities, especially in countries like the US, Germany, the UK, China, and India.
The North American automatic plastic recycling machine market is expected to register the largest revenue share in the market in the near future. It can be attributed to due to the rising need for polymers in the food packaging and automobile sectors. The need for recyclable plastic machines will be driven by governmental initiatives and strategies to reduce the pace of plastic evaporation and concentrate on producing novel offerings using recovered polymers from plastics. In addition, Asia Pacific is projected to grow rapidly in the global automatic plastic recycling machine market because of its many uses for polymers in the merchandise and packaging industries, as well as its substantial customer base. The popularity of products throughout different sectors is anticipated to benefit from the growing use of plastic polymers in the production of vehicle parts and electronics across businesses.
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Report Attribute |
Specifications |
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Growth Rate CAGR |
CAGR of 8.1% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, By Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
GENIUS MACHINERY, Polystar Machinery, Vecoplan, KOWIN, Munchy, Doll Plast, B+B Anlagenbau, EREMA, Sorema, Herbold Meckesheim, Archana Extrusion Machinery, ASG Recycling, and other prominent companies. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Automatic Plastic Recycling Machine Market Snapshot
Chapter 4. Global Automatic Plastic Recycling Machine Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis
5.1. By Type & Market Share, 2023 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Type:
5.2.1. Single Stage Plastic Recycling Machine
5.2.2. Multistage Plastic Recycling Machine
Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis
6.1. By Application & Market Share, 2023 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Application:
6.2.1. Polyethylene terephthalate (PET)
6.2.2. Polyvinyl Chloride (PVC)
6.2.3. Polyethylene (PE)
6.2.4. Polypropylene (PP)
Chapter 7. Automatic Plastic Recycling Machine Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.1.2. North America Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.1.3. North America Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.2. Europe
7.2.1. Europe Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.2.2. Europe Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.2.3. Europe Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.3.2. Asia Pacific Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.3.3. Asia Pacific Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.4. Latin America
7.4.1. Asia Pacific Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.4.2. Latin America Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.4.3. Latin America Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.5.2. Middle East & Africa Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.5.3. Middle East & Africa Automatic Plastic Recycling Machine Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. GENIUS MACHINERY,
8.2.2. Polystar Machinery,
8.2.3. Vecoplan,
8.2.4. KOWIN,
8.2.5. Munchy,
8.2.6. Doll Plast,
8.2.7. B+B Anlagenbau,
8.2.8. EREMA,
8.2.9. Sorema,
8.2.10. Herbold Meckesheim,
8.2.11. Archana Extrusion Machinery,
8.2.12. ASG Recycling
8.2.13. Other Prominent Players
Automatic Plastic Recycling Machine Market- By Type
Automatic Plastic Recycling Machine Market- By Application
Automatic Plastic Recycling Machine Market- By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
