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Industrial Shredding Machinery: A Growing and Diversifying Market

Oct 10, 2023 1

Industrial shredding machinery is a type of equipment that can reduce the size and volume of various materials, such as paper, metal, plastic, wood, and waste. Industrial shredding machinery is used for various purposes, such as recycling, waste management, security, and energy production. The global industrial shredding machinery market is expected to grow at a significant rate in the coming years, driven by factors such as increasing environmental awareness, rising demand for electric vehicles, and growing need for data protection.

According to a report by Market Research Future, the global industrial shredding machinery market is projected to reach USD 8.11 billion by 2025, growing at a CAGR of 5.67% from 2019 to 2025. The report segments the market by type, application, and region. By type, the market is divided into single shaft, two shaft, three shaft, and four shaft shredders. By application, the market is categorized into municipal solid waste recycling (MSW), waste electronic and electronic equipment recycling (WEEE), paper reject recycling, wood waste recycling, RDF recycling (refuse derived fuel), and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and the rest of the world.

Some of the key players in the global industrial shredding machinery market are Granutech-Saturn Systems, SSI Shredding Systems, Vecoplan LLC, Henan Mingxin Machinery Co., Ltd., Widesky Machinery Co., Ltd., Franssons Recycling Machines AB, Allegheny Shredders Inc., Shred-Tech Corporation, Jordan Reduction Solutions Inc., ZERMA Machinery & Recycling Technology Co., Ltd., etc.