The global plastic recycling machine market exhibited robust growth in recent years, generating a revenue of US$ 3,033.42 million in 2022. This positive trend is expected to continue over the forecast period, 2023-2031, with a projected valuation of US$ 5,035.43 million by 2031. The market is anticipated to grow at a compound annual growth rate (CAGR) of 6.13% during this period. It analyses the market’s regional trends, size, expansion prospects, and important factors in each region. Additionally, it acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. Both the direct and indirect effects of the pandemic on related industries are taken into account and discussed in the report.

The report gives a thorough analysis of the global Plastic Recycling Machine Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.

The leading companies mentioned are

• Amstar Machinery Co. Ltd.
• Arlington Machinery
• B+B Anlagenbau
• CP Manufacturing
• Doll Plast
• GENIUS MACHINERY
• Hikon India
• ICMA San Giorgio SpA
• KOWIN
• Munchy
• Netplasmak A
• Next Generation Recyclingmaschinen GmbH
• POLYSTAR MACHINERY CO., LTD.
• Precious Plastic
• PRM-Taiwan
• RECYCLEAN
• Sant Engineering Industries
• Vecoplan
• Other Prominent Players

The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.

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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.

The segmentation overview of the global Plastic Recycling Machine Market includes

Overall, Astute Analytica’s report on the Plastic Recycling Machine Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.

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