Fact.MR, a supplier of market research and competitive insight, projects that the European agglomeration machine market will reach US$ 215.0 million in 2023 and grow at a CAGR of 3.7% from 2023 to 2033.
Thin-walled polymers can be recycled more easily with the aid of the agglomeration machine. Due to the fact that it provides a useful technique for recovering thin polymers, it is widely employed in the plastic and scrap recycling sectors. Materials can be dried and made denser using agglomerators.
A machine for agglomerating garbage is also used to lessen the amount of plastic waste that is generated. For instance, plastic agglomeration machines are required because the processing of plastic results in the production of raw materials for a variety of end-use industries, including the automotive and aerospace sectors. Due to the rising market demand for recycled plastic, numerous private businesses have made investments in plastic collection and recycling to support rising sales of plastic agglomeration equipment.
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Additionally, there are many other agglomeration machine series designs on the market that can be used depending on the plastic’s properties, such as whether it contains PVC, LDPE, or other types. In addition to hot recycling plants, asphalt mixing plants, asphalt tanks, and material mixing equipment, agglomerator machines are utilised in a range of other applications.
Key Takeaways from Market Study
- The market for agglomeration machines in Europe is anticipated to grow at a CAGR of 3.7% and reach US$ 308.0 million by 2033.
- The market experienced a 2.6% CAGR from 2018 to 2022.
- Germany holds a 25.0% market share in 2023, dominating the European market.
- The agglomeration machine with a polymer film use case has the highest consumption, accounting for 38.0% of the market in Europe.
- With a growth rate of 4.0% from 2023 to 2033, the throughput agglomeration machine rate is anticipated to be the market’s leader.
Due to the fast-growing plastic usage, 12 million tonnes of plastic are dumped into the ocean each year, contributing to plastic pollution. Plastic consumption first revolutionised the planet, but it has since grown to pose a serious threat to it. Because of the requirement for proper handling, the market for plastic agglomeration machines is expanding exponentially, particularly in Europe. By the end of 2023, the agglomeration machine is anticipated to be worth US$ 215.0 Mn.
Segmentation of Agglomeration Machine Industry Research
By Throughput Rate :
- Upto 150 kg / hrs
- Upto 200 kg / hrs
- Upto 250 kg / hrs
- Upto 300 kg / hrs
- 300+ kg / hrs
By Use Case :
- Polymer Films
- Polymer Fiber
- Polymer Foam
- Textile Waste
- Synthetic Rubber
- Others
By Country :
- Germany
- France
- UK
- BENELUX
- NORDIC
- Italy
- Spain
- Rest of Europe
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Market’s Key Stratagems
Players of agglomeration machines are focusing on offering recyclers with innovative technology that is robust and safer and can recycle a large amount of plastic in lesser time.
Manufacturers are focusing on the efficiency of the machine and offer machines that require less manpower to complete the work. Key players in the market are shifting their focus towards attracting a newer customer base by offering innovative products at a competitive price without compromising on quality and durability.
Key Companies Profiled
- Pallmann
- Herbold
- MHG
- Other Players
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of Europe’s agglomeration machine market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of throughput rate (Upto 150 kg/hrs, Upto 200 kg/hrs, Upto 250 kg/hrs, Upto 300 kg/hrs, and 300+ kg/hr), and use case (Polymer Films, Polymer Fiber, Polymer foam, textile waste, synthetic rubber, and others), across major countries of Europe (Germany, France, UK, BENELUX, NORDIC, Italy, Spain, Rest of Europe).
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