Hrishikesh Kadam

 

The recent years have seen various companies focusing on their investment portfolio to expand their product ranges. Citing an example, a recycling equipment provider, WARWICK Ward, has recently inked a groundbreaking pact with Stobart Biomass Products. This agreement aims at regulating the trade of two prominent shredders, Terex Ecotec TDS 820 slow-speed shredder and TDS V20 medium-speed shredder to the former company.

The deal is likely to aid Stobart’s expansion in recycling and processing of wood waste into comparatively high- quality chips. This move is one among many that is indicative of the rapid growth of recycling equipment and machinery market.

Recycling forms an integral cog of the sustainable environment. As per the estimates by EPA, the total waste generation in the United States accounted for 267.8 million tons of municipal solid waste during 2017 which has increased since 1990. The figures on waste dumps seem alarming and call for the immediate need of recycling to curbing the adverse effects of waste on the environment.

Waste can be recycled with the help of baler presses, shredders, aggregators, amongst other equipment to combat the negative impact of non-biodegradable materials on the environment. This has brought about considerable improvement in recycling strategies of companies. They are also becoming more aware of cutting the manufacturing costs for a range of products utilizing the recycled constituent materials.

Yet another fundamental reason promoting the momentum of recycling equipment and machinery is the use of recycled raw materials for reduction in the carbon emissions. Having said that, enlisted below are the trends highly influencing the adoption of recycling equipment and machinery globally:

Proliferation of Recycled Materials Across Myriad Industrial Sectors

Industry analysts have claimed that the United States holds up to 7.6 billion tons of industrial waste from various sectors. This may have a huge impact on the environment owing to the release of toxins from the industrial waste. This serves as a testament to the fact that the use of recycled materials has to be necessitated to reduce the negative impact. Of late, the adoption of recycled material has also increased across the civil sector. The use of these material as a substitute to conventional materials preserves the natural resources and energy, eventually reducing the harmful waste disposal.

 High-End Usage in the Automobile Industry to Reshape the Future

Automobile industry is likely to stand out in terms of high use of recycled materials for vehicle production. The huge dumps of electric and automotive spare parts have initiated automakers to take a step forward towards the ‘green system’.

The unprecedented growth of recycled metals across the automobile sector is rather evident from Britain’s urgent need of recyclable metals to reduce the toxic effects of non-biodegradable materials on the environment. It has been estimated that the region recorded the sales of over one million electric vehicles in 2017. These EVs produce over 250,000 million cubic meters of unprocessed battery waste initiating a dire need of recycling measures.

Concurrently, a vehicle is built up of 3,000 components of which over three-quarters part is metal and the rest is plastic and other materials. Apparently, nearly 25 percent of waste generated from the vehicle poses high risk to the environment leading to high scale adoption of recycled materials. The government initiatives promoting the reduction of GHG in various countries would also augment the product demand from the automotive sector.

 How Will the Deployment of Recyclable Metals Benefit the Environment?

Recycling of metals yield high-end benefits to the environment by reducing the penetration of toxic gases. The several other fundamental benefits rendered include:

  • Preservation of resources via scrap metal recycling: Across various industries involved in the production and manufacturing, scrap metal recycling serves as vital due to its reduced environmental impact and cost of production.
  • Reduce toxic emissions:Mining and processing of new metals releases highly poisonous gases leaving a negative impact on the environment. On the contrary, the processing of recycled metals would to a greater extent reduce these emissions.
  • Energy consumption and conservation:Recycling metals minimizes the demand for natural resources and calls for less energy. The amount of energy saved in the manufacturing process using the recycled materials accounts to 92 percent for aluminum, 90 percent for copper, and 56 percent for steel. In fact, recycling of aluminum can, would save enough energy to power a 60 W light bulb.
  • Economic development:Recycling industry stands as billion-dollar fraternity enabling the government as well as the individuals to save money for a sustainable living.

As per estimates by Global Market Insights, Inc., the global recycling equipment and machinery market is anticipated to cross a mammoth of USD 1 billion by the end of 2026.

Hrishikesh Kadam is a graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Hrishikesh blends his technical knowledge and expertise to pen down articles for numerous online portals. 
For more information, visit https://www.gminsights.com/industry-analysis/recycling-equipment-and-machinery-market.

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