Waste Shredder Demand in Europe is Rising

According to Fact.MR, the Europe waste shredder market is expected to be valued at 235.0 million US-Dollar by 2033, expanding at a compound annual growth rate (CAGR) of 3.2 percent. In 2022, the value of this market was estimated at 228.0 million US-Dollar.

As reported by Fact.MR, the development of the waste shredder market is primarily driven by expanding urbanization and rising industrialization. “Moreover, improved trash disposal awareness and waste size reduction for simple disposal have further enhanced waste shredder sales.” It was anticipated that in the upcoming years, the market for waste shredders would increase due to the expanding innovations in waste management strategies and the expansion of recycling operations to support soaring urbanization.

Additionally, there may be more opportunities for market expansion due to the increased need to recover waste, the market research and competitive intelligence provider stated. For instance, automobiles and other scrap metals are shredded using metal shredder machines to be used as raw materials in various end-use industries. Under shredding speed type, medium-speed shredders would dominate the market and were expected to be valued at 98.7 million US-Dollar in 2023. Additionally, it was stated that Germany would dominate the market with a market share of 25.0 percent in 2023. Currently valued at 59.3 million US-Dollar, the German waste shredder market is anticipated to grow to 83.5 million US-Dollar by 2033. The demand in France and Italy for waste shredders is expected to increase at CAGRs of 3.8 percent and 2.4 percent, respectively.

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(Published in GLOBAL RECYCLING Magazine 1/2023, Page 27, Photo: O. Kürth)