Europe Plastic Shredder Market

Europe Plastic Shredder Market Outlook (2023-2033)

The Europe plastic shredder market is anticipated to project a valuation of US$ 724.9 million in 2023 and further expand at a CAGR of 3.1% to reach US$ 987.6 million by the end of 2033.

This growth is attributed to the growing usage of plastic in various end uses which leads to high waste generation. Plastic recycling activities are increasing to protect the environment and human health from its harmful effects.

Report Attributes	Details
Market Size (2022A)	US$ 710.2 Million
Estimated Market Value (2023E)	US$ 724.9 Million
Forecasted Market Value (2033F)	US$ 987.6 Million
Europe Market Growth Rate (2023-2033)	3.1% CAGR
Germany Market Growth Rate (2023-2033)	~3.5% CAGR
United Kingdom Market Share (2023)	~18.0%
France Market Growth Rate (2023-2033)	~3.7% CAGR
NORDIC Market Share (2023)	~11.9%
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

Market Buoyancy Analysis

Processed materials are divided into smaller, more manageable pieces using a shredding machine before being converted into a better form for additional usage. This lessens the likelihood that plastic garbage will end up in landfills or the food chain. Plastic shredders not only shred plastic into small pieces for easy handling and further processing but also provide raw material to various end-use verticals such as automotive, aerospace, and others, driving the demand for plastic recycling machines.

• Short-Term Growth Projection (2023-2026): Burgeoning utilization of plastic shredder in plastic recycling plants positively impacts the market growth.
• Medium-Term Growth Projection (2027-2029): Germany and UK are estimated to observe high demand for plastic shredder on the back of the growing focus of manufacturers on recycling to reduce cost, coupled with favorable government initiatives.
• Long-Term Growth Projection (2030-2033): Inclination towards recycling 100% of plastics along with innovation and upgradation will be responsible for increased demand in the long run.

Over the 2018-2022 historical period, the Europe Plastic Shredder market registered a CAGR of 2.2%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 3.1% CAGR between 2023 and 2033.

Market share analysis of plastic shredder based on maximum width and country is provided in a nutshell in the above image. Under the mechanism segment, semi-automatic Plastic Shredder sub-segment is estimated to reach a market share of 64.0% in 2023.

“Increased Plastic Waste Recycling Frequency to Bolster Demand”

A growing amount of plastic is contaminating the environment and making its way into food chains, which has led government authorities in France, UK, and Germany, among others, to favor plastic waste management. Furthermore, micro plastic pollution of landfills and water bodies is a serious problem.

The EU’s Plastic Strategy has proposed several measures to transition to a sustainable economy along with protecting human health and the environment.

Europe generates around 29 million tons of plastic waste every year and is the world’s third-largest plastic producer. Europe collects and recycles around 30% of the total plastic generated.

As a result of the expanding plastic recycling industry, post-consumer plastic trash totaling more than 10 million tons was sent for recycling in 2020. 5.5 million tons of post-consumer recycled plastics were produced in the EU27 by treating about 9.1 million tons, of the country's plastic garbage.

A plastic shredding machine is the main piece of equipment needed for plastic recycling, thus as recycling facilities and frequency increase, so do sales of plastic shredding machines and after-sales services.

“Harmful effects Leading to Ban on Plastic Use May Hamper Market Growth”

Plastic has a variety of applications and is being extensively used in day-to-day items. Since plastics are not biodegradable, they persist for a very long time in the soil, water, and other environments, polluting their surroundings. Plastic consumption by animals and fish results in asphyxia, a variety of digestive issues, and frequently results in death. Users now choose to utilize eco-friendly products due to their negative effects on the environment and human health.

Various governments have laid down to ban the use of plastic either partially or completely. In July 2021, EU banned the use of single-use plastic to fight against plastic pollution and marine litters. According to United Nations, around 77 countries have put some sort of ban on plastic bags either partial or complete.

Ban on use of plastics will reduce the necessity of recycling plastic which may negatively affect the demand for plastic shredder.

Country-wise Insights

What are the Factors Driving the Market’s Growth Across Germany?

Germany is a leader in plastic recycling capacity comprising about 1.5 million tons recycling capacity of a total of 8.5 million tons recycling capacity of Europe. Compared to incineration, recycling is anticipated to save about 1.5 tons of carbon dioxide for each ton of plastic recycled.

Germany has joined the August 2022-launched global High Ambition Coalition to end plastic pollution by 2040.

Many new recycling plants are also being set up in the country to tackle plastic waste. Mura technology has announced to build Europe’s largest recycling plant at Dow’s Böhlen site in Germany. The plant is expected to be completed by 2025 with an advanced recycling capacity of 120 kilotons per annum.

The German market for plastic shredder is expected to grow at a CAGR of 3.5% to reach a valuation of US$ 256.8 million by 2033.

What is the Market Scenario in France?

The Circular Economy Law laid in France focuses on recycling 100% plastic and collecting 77% of plastic bottles used for beverages by 2025 which is targeted to increase to 90% by 2029.

By 2040, the French government aims to totally outlaw single-use plastic packaging. Additionally, France recently established reuse, recycling, and reduction targets for 2021–2025, with the deduction aim being 20% by the end of 2025.

The efforts led by France government to reduce or recycle plastic waste bolster the demand for the market across France over the forecast period.

France market for plastic shredder is predicted to reach an estimation of US$ 123.2 million by 2023.

Category-wise Insights

Why is Double-Shaft Plastic Shredder Dominating the Market?

The double-shaft plastic shredder has heavy-duty blades that are mounted on two hexagonal shafts and when they rotate on each other they produce a shredding motion. Being versatile and highly durable, double-shaft shredders are being used in many industries.

Double-shafted shredders, as opposed to those with a single shaft, are more effective at handling large quantities of hollow, lightweight plastics, such as PE films, HPDE drums, PP tubes, and even automotive parts, rubber tires, and electronic waste.

The double-shaft plastic shredder is estimated to be valued at US$ 340.7 Mn by the end of 2023 and is anticipated to grow at a CAGR of 3.2% from 2023-2033.

Why is Automatic Plastic Shredder Expected to Grow during the Forecast Period?

Automatic plastic shredder is gaining popularity owing to their better efficiency. Automatic shredders contain a conveyer belt that supplies materials to the machine uniformly without requiring any human involvement.

Automatic shredders are enabled with an auto switch-off feature that switches the machine off when not in use giving added safety to the machine along with conserving energy

The automatic plastic shredder was valued US$ 262.8 million in 2022 and is estimated to reach a valuation of US$ 375.3 million in 2033.

Key Stratagems by Market Players

Key manufacturers of plastic shredder include 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., and WEIMA.

Manufacturers are aiming on creating equipment that performs well under severe conditions. To reach a larger market, players are concentrating on enhancing their web presence and raising their production capacity. Plastic shredder manufacturers are concentrating on creating tools that increase economic benefits by enhancing productivity and conserving energy. Market leaders are also concentrating on expanding their distribution networks and signing long-term agreements with suppliers in non-legacy markets.

Fact.MR has provided detailed information about the price points of key manufacturers of Plastic Shredder positioned across countries, sales growth, production capacity, and speculative technological expansion, in the recently published report.

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