Waste Plastic Recycling and Sorting Equipment Market Revenue was valued at USD 15.2 Billion in 2024 and is estimated to reach USD 30.5 Billion by 2033, growing at a CAGR of 8.5% from 2026 to 2033.
The global waste plastic recycling and sorting equipment market was valued at USD 2.5 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This growth is driven by the increasing demand for sustainable waste management practices and the rising concerns about plastic pollution. The adoption of recycling technologies is becoming more widespread across various industries, fostering market expansion. The Asia Pacific region holds the largest market share, accounting for nearly 40% of the global market in 2022, followed by North America and Europe. The increasing regulatory pressures on plastic waste management, coupled with advancements in recycling technologies, further contribute to the expansion of the market in these regions. Additionally, the growing focus on circular economy models has supported the demand for efficient sorting and recycling systems, helping to address plastic waste challenges globally.
In terms of regional analysis, North America and Europe are anticipated to witness significant growth due to stringent environmental regulations and higher investments in waste management infrastructure. The North American market was valued at approximately USD 650 million in 2022, while the European market stood at around USD 600 million. The demand for waste plastic recycling and sorting equipment in these regions is expected to continue rising as industries strive to meet sustainability targets. The market in the Asia Pacific region is projected to grow rapidly due to the expanding industrial base, particularly in countries like China and India, which are major contributors to global plastic waste. The Middle East and Africa region is also emerging as a significant market, with an increasing focus on waste management and recycling solutions, showing promising growth potential in the coming years.
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Tomra
Pellenc ST
Bühler
Steinert
Satake
Binder+Co AG
Daewon GSI Co.
Ltd.
Hefei Meyer Optoelectronic Technology Inc.
Redwave (BT-Wolfgang Binder GmbH)
Sesotec GmbH
Anhui Zhongke Optic-Electronic Sorting Machine Machinery Co.
Ltd.
Hefei Taihe Optoelectronic Technology Co.
Ltd.
Anzai
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Waste Plastic Recycling and Sorting Equipment Market
Shredders
Granulators
Extruders
Sorting Systems
Washers
Balers
Polyethylene Terephthalate (PET)
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Polystyrene (PS)
Other Plastics
Packaging Industry
Building and Construction
Automotive Industry
Textiles and Clothing
Electronics
Consumer Goods
Mechanical Recycling
Chemical Recycling
Thermal Recycling
Biological Recycling
Gasification
Small Scale (Up to 500 kg/h)
Medium Scale (500 kg/h to 3,000 kg/h)
Large Scale (Above 3,000 kg/h)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Waste Plastic Recycling and Sorting Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Waste Plastic Recycling and Sorting Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Waste Plastic Recycling and Sorting Equipment Market, By Type
6. Global Waste Plastic Recycling and Sorting Equipment Market, By Application
7. Global Waste Plastic Recycling and Sorting Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Waste Plastic Recycling and Sorting Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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