Europe Plastic Shredder Market
Europe Plastic Shredder Market Analysis, By Product Type (Single-shaft plastic shredder blade, Double-shaft plastic shredder blade, Multi-shaft plastic shredder blade), By Mechanism (Automatic, Semi-Automatic) & Country - Market Insights 2023 to 2033
Analysis of Europe Plastic Shredder Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Europe Plastic Shredder Market Outlook (2023 to 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 to 2033) | 3.1% CAGR |
| Germany Market Growth Rate (2023 to 2033) | ~3.5% CAGR |
| United Kingdom Market Share (2023) | ~18.0% |
| France Market Growth Rate (2023 to 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 |
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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 to 2026): Burgeoning utilization of plastic shredder in plastic recycling plants positively impacts the market growth.
- Medium-Term Growth Projection (2027 to 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 to 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 to 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 to 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.
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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 to 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.
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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
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Europe Demand (Units) Analysis and Forecast
- 5. Europe Market - Pricing Analysis
- 6. Europe Market Value (US$ million) Analysis and Forecast
- 7. Europe Market Analysis and Forecast, By Product Type
- 7.1. Single-shaft blade
- 7.2. Double-shaft blade
- 7.3. Multi-shaft blade
- 8. Europe Market Analysis and Forecast, By Mechanism
- 8.1. Automatic
- 8.2. Semi-Automatic
- 9. Europe Market Analysis and Forecast, By Country
- 9.1. Germany
- 9.2. France
- 9.3. UK
- 9.4. BENELUX
- 9.5. NORDIC
- 9.6. Italy
- 9.7. Spain
- 9.8. Rest of Europe
- 10. Germany Market Analysis and Forecast
- 11. France Market Analysis and Forecast
- 12. UK Market Analysis and Forecast
- 13. BENELUX Market Analysis and Forecast
- 14. NORDICS Market Analysis and Forecast
- 15. Italy Market Analysis and Forecast
- 16. Spain Market Analysis and Forecast
- 17. Rest of Europe Market Analysis and Forecast
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. Dragon Machinery Ltd
- 19.2. GENIUS MACHINERY CO., LTD
- 19.3. Harden Machinery Ltd.
- 19.4. Hosokawa Alpine AG
- 19.5. Shanghai Joyal Machinery Co., Ltd.
- 19.6. SHINI PLASTICS TECHNOLOGIES, INC.
- 19.7. SSI Shredding Systems, Inc.
- 19.8. Vecoplan LLC.
- 19.9. WEIMA
- 19.10. Other Prominent Players
- 20. Assumptions & Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01: Europe Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 02: Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 03: Europe Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 04: Europe Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 05: Europe Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 06: Europe Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 07: Europe Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 08: Europe Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 09: Europe Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 10: Europe Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 11: Europe Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 12: Europe Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 13: Germany Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 14: Germany Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 15: Germany Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 16: Germany Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 17: Germany Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 18: Germany Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 19: Germany Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 20: Germany Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 21: France Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 22: France Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 23: France Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 24: France Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 25: France Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 26: France Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 27: France Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 28: France Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 29: UK Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 30: UK Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 31: UK Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 32: UK Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 33: UK Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 34: UK Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 35: UK Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 36: UK Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 37: BENELUX Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 38: BENELUX Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 39: BENELUX Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 40: BENELUX Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 41: BENELUX Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 42: BENELUX Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 43: BENELUX Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 44: BENELUX Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 45: NORDICS Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 46: NORDICS Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 47: NORDICS Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 48: NORDICS Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 49: NORDICS Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 50: NORDICS Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 51: NORDICS Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 52: NORDICS Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 53: Italy Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 54: Italy Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 55: Italy Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 56: Italy Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 57: Italy Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 58: Italy Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 59: Italy Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 60: Italy Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 61: Spain Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 62: Spain Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 63: Spain Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 64: Spain Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 65: Spain Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 66: Spain Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 67: Spain Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 68: Spain Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 69: Rest of Europe Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 70: Rest of Europe Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 71: Rest of Europe Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 72: Rest of Europe Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 73: Rest of Europe Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 74: Rest of Europe Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 75: Rest of Europe Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 76: Rest of Europe Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
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List Of Figures
Figure 01: Europe Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 02: Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03: Europe Market Value (US$ million) and Volume (Units) by Country, 2023 to 2033
Figure 04: Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 05: Europe Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 06: Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 07: Europe Market Value (US$ million) and Volume (Units) By Mechanism, 2023 to 2033
Figure 08: Europe Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 09: Germany Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 10: Germany Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11: Germany Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 12: Germany Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 13: Germany Market Value (US$ million) and Volume (Units) By Mechanism, 2023 to 2033
Figure 14: Germany Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 15: Germany Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 16: Germany Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 17: France Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 18: France Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 19: France Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 20: France Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 21: France Market Value (US$ million) and Volume (Units) By Mechanism, 2023 to 2033
Figure 22: France Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 23: France Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 24: France Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 25: UK Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 26: UK Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 27: UK Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 28: UK Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 29: UK Market Value (US$ million) and Volume (Units) By Mechanism, 2023 to 2033
Figure 30: UK Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 31: UK Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 32: UK Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 33: BENELUX Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 34: BENELUX Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 35: BENELUX Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 36: BENELUX Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 37: BENELUX Market Value (US$ million) and Volume (Units) By Mechanism, 2023 to 2033
Figure 38: BENELUX Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 39: BENELUX Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 40: BENELUX Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 41: NORDICS Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 42: NORDICS Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 43: NORDICS Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 44: NORDICS Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 45: NORDICS Market Value (US$ million) and Volume (Units) By Mechanism, 2023 to 2033
Figure 46: NORDICS Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 47: NORDICS Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 48: NORDICS Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 49: Italy Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 50: Italy Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 51: Italy Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 52: Italy Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 53: Italy Market Value (US$ million) and Volume (Units) By Mechanism, 2023 to 2033
Figure 54: Italy Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 55: Italy Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 56: Italy Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 57: Spain Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 58: Spain Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 59: Spain Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 60: Spain Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 61: Spain Market Value (US$ million) and Volume (Units) By Mechanism, 2023 to 2033
Figure 62: Spain Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 63: Spain Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 64: Spain Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 65: Rest of Europe Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 66: Rest of Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 67: Rest of Europe Market Value (US$ million) and Volume (Units) By Product Type, 2023 to 2033
Figure 68: Rest of Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 69: Rest of Europe Market Value (US$ million) and Volume (Units) By Mechanism, 2023 to 2033
Figure 70: Rest of Europe Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 71: Rest of Europe Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 72: Rest of Europe Market Attractiveness Analysis By Mechanism, 2023 to 2033
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- FAQs -
What is the Europe Plastic Shredder market size?
Europe’s plastic shredder market is valued at US$ 724.9 million in 2023.
How is the market for Plastic Shredder expected to fare going forward?
Worldwide demand for plastic shredder is anticipated to reach US$ 987.6 million by 2033-end.
How did the market perform over the last few years?
During 2018 to 2022, sales of plastic shredder increased at 2.2% CAGR.
Which country accounts for a leading market share in Plastic Shredder market?
Germany tops Europe’s plastic shredder market accounting for 25.0% market share in 2023.
Which mechanism of Plastic Shredder has the highest adoption?
The semi-automatic plastic shredder accounts for maximum consumption holding 64% of the Europe market.
Europe Plastic Shredder Market