Canada Recycling Equipment Market Size & Outlook
Canada recycling equipment market, 2018-2030 (US$M)
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Canada recycling equipment market highlights
- The Canada recycling equipment market generated a revenue of USD 777.6 million in 2023 and is expected to reach USD 1,070.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, baler press was the largest revenue generating equipment in 2023.
- Separators is the most lucrative equipment segment registering the fastest growth during the forecast period.
Recycling equipment market data book summary
| Market revenue in 2023 | USD 777.6 million |
| Market revenue in 2030 | USD 1,070.2 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Baler press |
| Fastest growing segment | Separators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Baler Press, Shredders, Granulators, Agglomerators, Shears, Separators, Extruders, Other Equipment |
| Key market players worldwide | Canadian Pacific Kansas City Ltd, American Baler Company, Marathon Digital Holdings Inc, Danieli & C. Officine Meccaniche SpA ADR, Metso Corp, Sunny Optical Technology (Group) Co Ltd ADR, Recycling Equipment Manufacturing, General Kinematics, Eldan Recycling, ForRec Srl, BHS-Sonthofen, LEFORT |
Other key industry trends
- In terms of revenue, Canada accounted for 2.8% of the global recycling equipment market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. recycling equipment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 602.2 million by 2030.
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Recycling Equipment Market Scope
Recycling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada recycling equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to recycling equipment market will help companies and investors design strategic landscapes.
Baler press was the largest segment with a revenue share of 25.13% in 2023. Horizon Databook has segmented the Canada recycling equipment market based on baler press, shredders, granulators, agglomerators, shears, separators, extruders, other equipment covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, the source of scrap for recycling majorly comes from industrial applications such as construction and manufacturing. The country has been witnessing collaborations among companies to create outlets for more scrap.
For instance, in October 2020, ArcelorMittal Long Products Canada and Triple M Metal announced a joint venture Integrated Metal Recycling, Inc. The pandemic has resulted in a series of acquisitions with Triple M Metal acquiring Peterborough Iron & Metal (PIM) in June 2021, to boost the demand for metal recycling equipment in the country.
According to Oceana Canada, only 9% of plastic in the country is recycled, indicating a huge opportunity for recycling equipment manufacturers to enter the market. Innovations in the industry are likely to improve the recycling market in the country.
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Our clientele includes a mix of recycling equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada recycling equipment market , including forecasts for subscribers. This country databook contains high-level insights into Canada recycling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada recycling equipment market size, by equipment, 2018-2030 (US$M)
Canada Recycling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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