Recycling Equipment Market To Witness A Significant Growth Of USD 41.42 Billion By 2030
San Francisco, 12 Jan 2023: The Report Recycling Equipment Market Size, Share & Trends Analysis Report By Equipment (Baler Press, Shredders, Granulators, Agglomerators), By Processed Material, By Region, And Segment Forecasts, 2022 - 2030 The global recycling equipment market size is expected to reach USD 41.42 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2022 to 2030. Growing concerns pertaining to the depletion of non-renewable resources, along with the high production cost of primary materials such as metals and plastic is anticipated to augment the demand for recycling equipment. The advent of modern technologies has demonstrated to be effective, in terms of detecting different types of materials. Increasing necessity for scrap has forced scrap yards to set up technologically advanced recycling equipment. For instance, large recycling facilities have installed sensors to identify metals thro