The rising application of plastic across several sectors such as packaging, consumer goods, etc. is one of primary concern as its id difficult to dispose. Thus, to encourage the use of plastic recycling machines as well as mounting awareness among the masses about the negative environmental impact of plastic is supporting the growth of plastic recycling equipment in the coming years. Thus, these factors are contributing to the growth in the demand for plastic recycling equipment market in the forecast period.

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The growing awareness regarding energy savings and increasing use in automotive, packaging, and electrical & electronics industries are the major drivers for the growth of the plastic recycling equipment market. The favorable initiatives to promote the use of recycled plastics in developed countries and the negative environmental impact of plastics disposal creating opportunities for the plastic recycling equipment market in the coming years.

List of Companies Mention in Research

• Atlas Development Machinery Co., Ltd.
• B+B Anlagenbau
• Benk Machinery Co.,Ltd
• Boston Matthews Inc.
• Doll Plast Inc.
• Genius Machinery Co., Ltd.
• Matila Industrial Co., Ltd.
• Next Generation Recyclingmaschinen GmbH
• POLYSTAR MACHINERY CO., LTD
• Vecoplan AG