Transparency market research provides vital insights into the global Plastic Recycling Machines market.In terms of revenue, the global plastic recycling machines market is expected to grow at a CAGR of 5.4% over the forecast period owing to numerous factors, TMR provides thorough insights and forecasts in its report on the global plastic recycling machines market.
The global plastic recycling machines market is broadly influenced by several factors – the availability of recycled plastics for consumer products; the electrical and electronics industry is witnessing an increase in the use of recycled plastics; the reduction of greenhouse gas emissions; and the wide availability in various price ranges across the globe, all These are driving the global plastic recycling machines market.
In terms of product type, the plastic recycling machine market is divided into single-stage, two-stage, and multi-stage.Globally, there is more demand for both phases.Based on capacity, the market is segmented into up to 100 kg/h, 100 kg/h.to 300 kg/h, 300 kg/h.up to 500 kg/h, and above 500 kg/h.Plastic recycling machines between 100 kg/h.300kg/h is widely used and has the highest market share in the world.On the basis of machine type, the market is segmented into automatic and semi-automatic.Semi-automatic plastic recycling machines are widely available in the market.In terms of price, the market is divided into low, medium and high.Mid-priced products are mostly preferred.
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On the basis of end user, the market is segmented into post-industrial and post-consumer recycling.The CAGR of post-consumer recycling is higher than post-industrial.In terms of distribution channels, the market is divided into direct sales and indirect sales.Manufacturers prefer to sell through direct sales.Based on technology, the market has been segmented into shredders, extruders, grinders, mixers, sorters, washers, and others.Shredders are very popular in the market.On the basis of plastic type, the market is segmented into single-use plastics and multi-purpose plastics.Multipurpose plastics are the most popular among consumers.According to the category, the market is divided into rigid market and flexible market.Flexible types of plastic recycling machines have a higher preference.
In 2020, North America and Asia Pacific together contributed more than 60% revenue share of the global plastic recycling machine market.Various industries are moving their manufacturing facilities to the Asia Pacific region.The Asia Pacific market is expected to grow at the fastest CAGR of 6.8% during the forecast period.The European and North American markets are expected to grow moderately owing to the increasing demand for plastic recycling machines in the coming years.Economic development in the Asia-Pacific region and increasing emphasis on waste management in India, China, and Japan are driving the market in the Asia-Pacific region.The North American market has experienced substantial growth owing to increasing awareness of limiting carbon footprint due to increasing overall waste.
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The key players operating in the global plastic recycling machines market are Aceretech Machinery Co., Ltd, EREMA Engineering Recycling Maschinen und Anlagen Ges.mbH, Genius Machinery Co., Ltd., Ko Win Yang Industrial Co., Ltd, Matila Industrial Co. , Ltd., Next Generation Recyclingmaschinen GmbH, Plastics Machinery Group International Ltd., Polystar Machinery Co., Ltd., Boston Matthews and Starlinger.
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Transparency Market Research is a global market research reporting company providing business information reports and services.Our exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers.Our experienced team of analysts, researchers and consultants use proprietary data sources and a variety of tools and techniques to collect and analyze information.
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Post time: Jun-29-2022
