Resource Circulation Equipment Market to Grow

According to the market research and consulting agency SNS Insider, innovations and global regulations propel the demand for smart recycling equipment amid rising industrial waste and digital transformation initiatives. The market was valued at 25.63 billion US-Dollar in 2024 and is expected to reach 48.42 billion US-Dollar by 2032, growing at a CAGR of 8.25 percent over the forecast period of 2025-2032.

“The U.S. Environmental Protection Agency reported over 292.4 million tons of municipal waste in 2022, driving demand for balers and shredders”, the information said. “Japan’s Ministry of the Environment highlighted a 40 percent industrial recycling rate in 2023, boosting investment in advanced granulators. Companies like Harris Equipment launched IoT-enabled balers in 2024, while European firms and U.S. tech startups invest in smart sorting systems, fueling digitalized recycling infrastructure across industries.”

As reported, the Asia Pacific region dominated the market in 2024 with a market share of 39 percent. “The dominance is due to significant investments and government-backed recycling initiatives in China, Japan, and South Korea. Japan’s Ministry of Economy, Trade and Industry reported a 12 percent rise in equipment installations in 2023. China’s 14th Five-Year Plan supports circular economy measures across electronics and construction. Rapid industrialization, growing urban populations, and stricter environmental regulations also drive demand for modern recycling technologies. Local companies like China Recycling Development Co. are deploying AI-driven sorting systems and advanced granulators, further strengthening Asia Pacific’s leadership in resource circulation equipment and sustainable waste management solutions.” SNS Insider also informed that the Baler Press Segment had a market share of 25 percent, which would be due to the widespread use of baler presses across automotive, packaging, and retail industries to reduce scrap volume and transport costs. By application, the Electrical & Electronics Segment dominated the Resource Circulation Equipment Market in 2024, with a 34 percent market share. Rising e-waste volumes and stricter compliance needs would push industries to adopt shredders and separators for valuable component recovery, the market research agency stated. Regulatory measures such as the EU’s WEEE Directive and U.S. state-level e-waste laws would further reinforce segment strength.

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(Published in GLOBAL RECYCLING Magazine 3/2025, Page 6)