Market Overview:
The global plastic shredders market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for recycled plastics and rising awareness about environment-friendly alternatives for waste management. Based on type, the global plastic shredders market is segmented into single-shaft, two-shaft, four-shaft, and others. The single-shaft segment is expected to account for the largest share of the market in 2018 owing to its low cost and easy installation. However, the two-shaft segment is projected to grow at a higher CAGR during the forecast period as it offers better performance than single shaft shredders. Based on application,the global plastic shreddersmarketis divided intoplastic sheet shredding, plastic pipe shreddingand others (including film scrap recycling and postconsumer product recycling).
Product Definition:
A plastic shredder is a machine that breaks down large pieces of plastic into smaller, more manageable pieces. This can be done for recycling purposes, or to simply make the plastic easier to store or transport.
Single-Shaft:
Single-shaft or single-walled shaft is a type of gear reduction system that has only one gear tooth driving the output. The single-shaft design offers high torque and speed to the drive train, which makes it ideal for applications that require heavy shredding such as waste paper and cardboard.
Two-Shaft:
The two-shaft system is a method of driving a single shaft machine tool that has two power sources, usually electric motors. The main advantage of the two-shaft system is high productivity and flexibility in manufacturing operations.
The key driver for the growth of this market is increasing demand for plastic shredders from various sectors such as food & beverage, pharmaceuticals, electronics recycling and others which require high accuracy while operating at higher speeds.
Application Insights:
Plastic sheet shredding dominated the global market in 2017. It is projected to expand at a CAGR of XX% over the forecast period owing to its advantages, such as low cost and easy operation. Plastic sheeting is used for roofing, wall lining, insulation and waterproofing in buildings along with other applications such as marine protection and industrial useage.
The others segment includes waste paper shreddeds etc., which accounted for a revenue share of 15% in 2017 owing to its environmental benefits over conventional disposal methods including landfilling or incineration with toxic fumes generation reduction etc. The others segment is expected to witness significant growth due largelyto increased recycling activities globally coupled with rising awareness regardingwaste management practices especially across developing countries like India China Indonesia Thailand etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising disposable income, increasing population, and growing demand for plastic products. China is a major contributor to regional growth owing to its large manufacturing sector. India also contributes significantly towards regional growth due to rapid industrialization and urbanization resulting in increased spending on construction activities.
The North America market was valued at USD X million in 2017 owing with high production volume of shredders along with their exports from U.S., Canada, and Mexico for domestic use as well as international sale across countries such as Brazil, Argentina, Chile among others are driving the industry expansion over this region during the forecast period 8 .
Growth Factors:
- Increasing demand from the packaging industry for recycled plastic pellets as a raw material is expected to drive the growth of the global plastic shredders market during the forecast period.
- The increasing use of plastics in various end-use industries is also projected to fuel the demand for plastic shredders over the next few years.
- Growing awareness about environment conservation and its benefits is anticipated to boost the growth of this market in near future.
- Rising concerns over safety and security are likely to propel demand for advanced and high-quality plastic shredders in coming years.
- Technological advancements in terms of design, performance, and efficiency are expected to create new opportunities for players operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Shredders Market Research Report
By Type
Single-Shaft, Two-Shaft, Four-Shaft, Others
By Application
Plastic Sheet Shredding, Plastic Pipe Shredding, Others
By Companies
WEIMA, Untha, Franklin Miller, Rotogran, CM Shredders, Cumberland (ACS Group), Shred-Tech, Hosokawa Polymer Systems, SSI Shredding Systems, Vecoplan, Panchal Plastic, Amey Engineers
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Shredders Market Report Segments:
The global Plastic Shredders market is segmented on the basis of:
Types
Single-Shaft, Two-Shaft, Four-Shaft, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Plastic Sheet Shredding, Plastic Pipe Shredding, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WEIMA
- Untha
- Franklin Miller
- Rotogran
- CM Shredders
- Cumberland (ACS Group)
- Shred-Tech
- Hosokawa Polymer Systems
- SSI Shredding Systems
- Vecoplan
- Panchal Plastic
- Amey Engineers
Highlights of The Plastic Shredders Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-Shaft
- Two-Shaft
- Four-Shaft
- Others
- By Application:
- Plastic Sheet Shredding
- Plastic Pipe Shredding
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastic Shredders Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A plastic shredder is a machine that cuts or breaks down large pieces of plastic into smaller pieces.
Some of the major companies in the plastic shredders market are WEIMA, Untha, Franklin Miller, Rotogran, CM Shredders, Cumberland (ACS Group), Shred-Tech, Hosokawa Polymer Systems, SSI Shredding Systems, Vecoplan, Panchal Plastic, Amey Engineers.
The plastic shredders market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastic Shredders Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plastic Shredders Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plastic Shredders Market - Supply Chain
4.5. Global Plastic Shredders Market Forecast
4.5.1. Plastic Shredders Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plastic Shredders Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plastic Shredders Market Absolute $ Opportunity
5. Global Plastic Shredders Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plastic Shredders Market Size and Volume Forecast by Type
5.3.1. Single-Shaft
5.3.2. Two-Shaft
5.3.3. Four-Shaft
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plastic Shredders Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plastic Shredders Market Size and Volume Forecast by Application
6.3.1. Plastic Sheet Shredding
6.3.2. Plastic Pipe Shredding
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plastic Shredders Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plastic Shredders Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plastic Shredders Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plastic Shredders Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plastic Shredders Demand Share Forecast, 2019-2026
9. North America Plastic Shredders Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plastic Shredders Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plastic Shredders Market Size and Volume Forecast by Application
9.4.1. Plastic Sheet Shredding
9.4.2. Plastic Pipe Shredding
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plastic Shredders Market Size and Volume Forecast by Type
9.7.1. Single-Shaft
9.7.2. Two-Shaft
9.7.3. Four-Shaft
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plastic Shredders Demand Share Forecast, 2019-2026
10. Latin America Plastic Shredders Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plastic Shredders Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plastic Shredders Market Size and Volume Forecast by Application
10.4.1. Plastic Sheet Shredding
10.4.2. Plastic Pipe Shredding
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plastic Shredders Market Size and Volume Forecast by Type
10.7.1. Single-Shaft
10.7.2. Two-Shaft
10.7.3. Four-Shaft
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plastic Shredders Demand Share Forecast, 2019-2026
11. Europe Plastic Shredders Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plastic Shredders Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plastic Shredders Market Size and Volume Forecast by Application
11.4.1. Plastic Sheet Shredding
11.4.2. Plastic Pipe Shredding
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plastic Shredders Market Size and Volume Forecast by Type
11.7.1. Single-Shaft
11.7.2. Two-Shaft
11.7.3. Four-Shaft
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectionsby Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plastic Shredders Demand Share, 2019-2026
12. Asia Pacific Plastic Shredders Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plastic Shredders Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plastic Shredders Market Size and Volume Forecast by Application
12.4.1. Plastic Sheet Shredding
12.4.2. Plastic Pipe Shredding
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plastic Shredders Market Size and Volume Forecast by Type
12.7.1. Single-Shaft
12.7.2. Two-Shaft
12.7.3. Four-Shaft
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plastic Shredders Demand Share, 2019-2026
13. Middle East & Africa Plastic Shredders Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plastic Shredders Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plastic Shredders Market Size and Volume Forecast by Application
13.4.1. Plastic Sheet Shredding
13.4.2. Plastic Pipe Shredding
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plastic Shredders Market Size and Volume Forecast by Type
13.7.1. Single-Shaft
13.7.2. Two-Shaft
13.7.3. Four-Shaft
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plastic Shredders Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plastic Shredders Market: Market Share Analysis
14.2. Plastic Shredders Distributors and Customers
14.3. Plastic Shredders Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. WEIMA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Untha
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Franklin Miller
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rotogran
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. CM Shredders
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cumberland (ACS Group)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shred-Tech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hosokawa Polymer Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SSI Shredding Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vecoplan
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Panchal Plastic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Amey Engineers
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
