Plastic Recycling Machine Market is driven by stringent regulations on plastic waste management


The plastic recycling machine market has been gaining significant traction over the recent years. Plastic recycling machines are used to recycle plastic waste by processing it through various kinds of machinery according to the type and composition of the plastic materials. These machines are used across various end-use industries such as packaging, construction, textile, automotive, and electrical & electronics. Significant growth in plastic waste generation combined with stringent regulations imposed by governments across regions on plastic waste management is fueling the demand for plastic recycling machines.

Global plastic recycling machine market is estimated to be valued at USD 3.59 Bn in 2024 and is expected to reach USD 5.46 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Key Takeaways

Key players operating in the plastic recycling machine market are Biebl, NGR, Lindner-Recyclingtech, Vecoplan, and STEB Recyclingtechnik GmbH.

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