According to a new market research report published by Credence Research “Industrial Shredders Market (by Number of Shaft: Single Shaft, Two Shaft, Three Shaft and Four Shaft; by Application: Municipal Solid Waste Recycling (MSW), Waste Electronic and Electronic Equipment Recycling (WEEE), Wood Waste Recycling, Paper Reject Recycling, Others (Plastic, Metal, Rubber, etc.)) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the Industrial Shredders market was valued US$ 809.7 Mn in 2017 and estimated to grow with a CAGR of 2.2% during the forecast period from 2018 to 2026.
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The issue of waste disposal is aggravating perpetually with available landfills getting flooded with a variety of waste. The need to reduce the volume of existing waste is turning out to be one of the few viable solutions before any lasting solution. This certainly encouraged the demand for industrial shredder across the globe. Tons of municipal solid waste, waste electronics and electronic equipment, wood waste, paper waste, and plastic among others need to be reduced to small size in order to recycle material. Governments and environmental organizations are trying to keep a strict check on the waste disposal and recycling by framing laws and regulations. This has also boosted the significance of industrial shredders in waste management and recovery.
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Multiple varieties of industrial shredders with powerful drives are available in the market. Industrial shredders are broadly classified according to the number of rotating shafts used for shredding with two shaft industrial shredder leading the way in 2017. Based on the applications, industrial shredders found their application in municipal solid waste (MSW), waste electronics and electronic equipment recycling (WEEE), wood waste recycling, paper rejects recycling and others comprising of metal rubber, plastics among others. At present, municipal solid waste dominates the overall industrial shredder market in terms of market value.
Industrial shredders market expected to gain momentum with the perpetual growth in waste management and recycling trend. Recognizing the opportunities, several manufacturers introduced their version of advanced industrial shredder in the market. This made the market highly fragmented and the companies face stiff competitions among each other for market share. The competition encouraged the companies to come with new business strategies in order to maintain their market position in coming years. Few of the major notable players profiled in this research study VECOPLAN, China Shredder, Lindner-Recyclingtech, SSI Shredding Systems, Jordan Reduction Solutions WAGNER, Franklin Miller, Genox, Untha, Erdwich, Granutech-Saturn Systems, and ZERMA among others.
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Key Analysis Covered:
- Effect of waste management theories need for recycling and its impact on industrial shredders market
- Significance of each application on the growth of industrial shredders market
- Variety of industrial shredders available and their standing in terms of market value
- Demand for different industrial shredders based on the different wastes to be handled
- Role of government and environmental organizations, their regulation and its effect on the sales of industrial shredders
- Role of densely populated region such as Asia Pacific and developing regions including Middle East & Africa and Latin America in the growth of industrial shredders market
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