U.S. Recycling Equipment Market Size, Share & Trends Analysis Report By Equipment (Baler Press, Shredders, Granulators, Agglomerators), By Processed Material (Metal, Plastics, Paper),- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2033

U.S. Recycling Equipment Market Size and Research

The U.S. recycling equipment market size was exhibited at USD 4.35 billion in 2023 and is projected to hit around USD 6.76 billion by 2033, growing at a CAGR of 4.5% during the forecast period 2024 to 2033.

U.S. Recycling Equipment Market Key Takeaways:

• Baler Press dominated the market with the largest market share of 24.9% in 2023
• The plastic segment dominated the market and held the largest market share of 34.0% in 2023.
• The metal segment had a significant market share in 2023.
• The paper segment accounted for a substantial market share in 2023
• The construction waste segment had a significant market share in 2023

Report Scope of U.S. Recycling Equipment Market

Technological innovations have played a significant role in the growth of Recycling Equipment products and services by enhancing their efficiency and effectiveness, resulting in the growth of the market. Furthermore, the increasing awareness about environmental sustainability, the need to reduce carbon emissions, and the demand for eco-friendly and renewable products in the country are driving the market growth.

Recycling machinery and equipment can be applied to manage, handle, and recycle diverse types of waste materials. Further, these recycled materials can be utilized to produce a wide range of products, including packaging, construction materials, and consumer goods. The comparatively lower cost of recycled materials compared to raw materials is a key factor that propels the growth of the market. This price discrepancy is likely to attract manufacturers who are seeking to reduce the cost of their products. Moreover, the adoption of recycled materials helps to lessen reliance on virgin raw materials, which in turn contributes to the conservation of natural resources and reduces the environmental impact of resource extraction and processing. The increasing demand for recycling equipment products and services is driven by factors such as urbanization, population growth, and changing consumer preferences in the U.S., also drives the market growth significantly. Furthermore, the continuous reduction in production and installation costs of recycling equipment solutions, driven by economies of scale, technological advancements, and increased competition, is making these solutions more affordable and attainable.

Although the COVID-19 virus spread rapidly throughout the United States in 2020, resulting in nationwide lockdowns, the situation for recycling varied across states. For instance, in California, scrap recycling was deemed an essential service, resulting in the process remaining operational, but business was slow. Due to border closures and less waste generation from end-use industries, the demand for recycling equipment was negatively impacted in 2020. However, the rising concern about greenhouse gas emissions and strict regulations by regulatory bodies for waste recycling is likely to have a positive effect on the market over the forecast period. Recycling offers various environmental benefits, such as conserving natural resources, reducing greenhouse gas emissions, and diverting material from landfills. The above-mentioned factors are anticipated to boost market growth over the forecast period.

U.S. Recycling Equipment Market By Equipment Insights

Baler Press dominated the market with the largest market share of 24.9% in 2023, The reason for this growth is the increasing use of baler presses to compress recyclable materials such as paper, cardboard, aluminum, plastic, and non-ferrous metals into dense bundles called bales. Different types of baler presses, including horizontal balers, vertical balers, liquid extraction balers, and two ram balers, are available in the market. The baler press, which is a large steel chamber with a pressing plate, compresses the material inside the chamber until it reaches the desired bale size.

The Separators segment held a significant market share in 2023 and is projected to show productive growth over the forecast period due to its ability to be one of the most important recycling processes for categorizing scrap material. Various types of separation equipment, including magnetic separators, air separators, eddy current separators, screeners, vibratory screeners, rod decks, disc screeners, and star screeners, are used. Magnetic separators are utilized for separating ferrous materials from non-ferrous materials.

The shredding equipment accounted for a considerable market share in 2023 and is anticipated to experience productive growth over the forecast period because of the increasing demand from the tire industry. The shredding equipment is used to break down processed materials into smaller and more manageable parts before converting them into a more convenient form for reuse. Shredders are used for material reduction across numerous recycling applications, including scrap metal, plastic recycling, wood recycling, tire shredding, and e-waste recycling.

The extruder equipment segment accounted for a significant market share in 2023 due to its use in recycling applications, ensuring high output rates and steady production. There is a growing demand for recycled plastics from consumers, leading to an increasing demand for extruders that are explicitly designed for recycling applications. In addition, companies are focusing on reducing raw material costs and increasing the use of recycled plastics in their products as part of their sustainability goals. Thus, the factors mentioned above are expected to drive the demand for recycling extruders over the forecast period.

U.S. Recycling Equipment Market By Processed Material Insights

The plastic segment dominated the market and held the largest market share of 34.0% in 2023. This growth was attributed to the increased use of recycled plastic in various end-use industries such as construction, automotive, and electrical & electronics. The process of producing plastics involves converting petroleum or natural gas into their constituent monomers, which is highly energy-intensive and leads to greenhouse gas emissions.

The metal segment had a significant market share in 2023. The main reason for this growth was the ability of scrap metal material to be recycled multiple times while retaining its properties. The demand for metals is increasing, and there is a growing focus on natural resource conservation and reduction in greenhouse gas emissions, which is expected to drive the demand for metal recycling and recycling equipment.

The paper segment accounted for a substantial market share in 2023, due to the various advantages it offers. Paper recycling helps conserve water, energy, and landfill space. It also reduces greenhouse gas emissions, and recycled fiber is a cost-effective and sustainable resource that can be used for making new paper products

The construction waste segment had a significant market share in 2023 due to rapid industrialization and urbanization, particularly in emerging economies, which is expected to drive the construction industry and increase the volume of construction waste. Construction waste is generated during the construction of new buildings, as well as during the renovation or demolition of existing structures. It typically includes wood, concrete, asphalt, metals, plastics, metals, glass, and bricks, among others.

U.S. Recycling Equipment Market Recent Developments

• In July 2023, MSS Inc. (CP Group), a leading manufacturer of optical sorting equipment in the United States, formed a strategic partnership with Recycleye, a British technology company, to introduce innovative technology to the recycling and waste sorting industries in North America. MSS has combined its optical sorting solution with Recycleye's AI technology to create a new offering called MSS Vivid AI, which provides better sorting and recycling solutions.
  
  
• In March 2023, General Kinematics (GK) displayed the Finger-Screen 2.0 metal separation technology at the Institute for Scrap Recycling Industries (ISRI) Convention & Exhibition in Nashville, Tennessee. The Finger-Screen 2.0 is designed to handle difficult materials such as garbage bags, yard waste, and other lightweight, flexible materials, and offers improved energy efficiency, faster travel speed, and higher lift. The unit's longer displacement allows it to effectively manage the elastic range of these materials.
  
  
• In January 2023, Marathon Equipment, a division of Environmental Solutions Group (ESG) and Dover (NYSE: DOV), launched two new initiatives to help waste generators such as retailers, manufacturers, universities, and other institutions achieve cost savings, improve efficacy, and advance their sustainability goals. The "Back of Store" solutions and Marathon Certified Remanufactured (MCR) program are both aimed at providing better waste management solutions to these entities.

Some of the prominent players in the U.S. recycling equipment market include:

• American Baler Company
• CP Manufacturing Inc.
• General Kinematics Corporation
• Mayfran
• Spaleck USA LLC
• Himes Service Company
• Revolution Systems
• Marathon Equipment
• Recycling Equipment Manufacturing
• Plexus Recycling Technologies

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. recycling equipment market

Equipment

• Baler Press
• Shredders
• Granulators
• Agglomerators
• Shears
• Separators
• Extruders
• Others

Processed Material

• Metal
• Plastic
• Construction Waste
• Paper
• Rubber
• Others