The market for plastic shredders in Europe is anticipated to be worth US$ 724.9 million in 2023 and US$ 987.6 million by the end of 2033, growing at a CAGR of 3.1%. This rise in waste generation is caused by the expanding use of plastic for a variety of end uses. In order to mitigate plastic’s negative effects on the environment and human health, recycling is gaining popularity. The market for devices that break down plastic waste into smaller pieces for recycling or disposal is referred to as the Europe plastic shredder market. Shredders of various types, including single shaft, dual shaft, and quad shaft shredders, are available on the market.
The market is being driven by both the rising demand for plastic recycling and the mounting environmental concerns related to plastic waste pollution. The region’s demand for plastic shredders is being driven by Europe’s ambitious goals for plastic waste reduction and recycling. The market is anticipated to expand over the next few years as a result of growing plastic recycling adoption and the advancement of cutting-edge shredding technologies. However, the market also faces obstacles like high startup costs and the presence of affordable alternatives.
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Segmentation of Plastic Shredder Industry Research
- By Product Type:
- Single-shaft
- Double-shaft
- Multi-shaft
- By Mechanism:
- Automatic
- Semi-Automatic
- By Country:
- Germany
- France
- UK
- BENELUX
- NORDIC
- Italy
- Spain
- Rest of Europe
Key Takeaways from Market Study
- The Europe plastic shredder market is expected to grow significantly in the forecast period.
- The increasing demand for recycled plastic products is a major driver for the growth of the plastic shredder market in Europe.
- Germany is expected to hold the largest share of the Europe plastic shredder market due to the presence of major players in the country.
- The adoption of advanced technologies, such as automation and robotics, is expected to boost the efficiency of plastic shredding and increase the demand for these machines.
- The increasing focus on sustainable waste management practices and regulations by the European Union is expected to drive the growth of the plastic shredder market in Europe.
Key Stratagems by Market Players
Equipment performance in challenging environments is a goal for manufacturers. Players are focusing on improving their web presence and increasing their production capacity in order to reach a larger market. Manufacturers of plastic shredders are focusing on developing machines that increase economic benefits by boosting productivity and conserving energy. Market leaders are also focusing on growing their supply chains and establishing long-term contracts with vendors in non-legacy markets.
Key Companies Profiled
- Dragon Machinery Ltd,
- GENIUS MACHINERY CO., LTD
- Harden Machinery Ltd.
- Hosokawa Alpine AG
- Shanghai Joyal Machinery Co., Ltd.
- SHINI PLASTICS TECHNOLOGIES, INC.
- SSI Shredding Systems, Inc.
- Vecoplan LLC.
- WEIMA
Regional Analysis For Marine Outboard Engine Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)