Global Market Watch predicts that the market share for recycling equipment and machinery will exceed

The increasing recyclability of materials in major industries such as automobiles and construction is an important factor driving the development of the global recycling equipment and machinery industry.The need to reduce greenhouse gas emissions and carbon footprints, and the active involvement of regulators, will also drive market size.According to the report, the plastics recycling equipment and machinery sector will make significant progress over the next eight years.It is reported that the world produces about 8.5 billion tons of plastic each year, of which 6 billion tons end up in waste.According to the study, the annual growth rate of the plastics recycling and equipment machinery market is expected to reach 6.3 percent between 2018 and 2025, with a target revenue of $470 million by 2025.

The report's key insights include:

· Balers are dominant in the machinery sector, accounting for 30% of the total recycling equipment and machinery market.

· Metal Relief's CAGR is projected to reach 5.7% in 2018-2025 and target revenue of $390 million by 2025.

· By 2025, the market share of the Asia-Pacific region is expected to exceed us $450 million, with China becoming the main source of revenue.ENT& Machinery Market.

· Metal Relief's CAGR is projected to reach 5.7% in 2018-2025 and target revenue of $390 million by 2025.

· By 2025, the market share of the Asia-Pacific region is expected to exceed us $450 million, with China becoming the main source of revenue.