Product Code: ETC8848986 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The market for plastic recycling machines is expanding in response to the countrys growing focus on sustainability and circular economy models. Local businesses and government initiatives are investing in shredders, extruders, and granulators to manage plastic waste efficiently. This market also benefits from international collaborations and equipment imports, although the development of locally manufactured machines is gaining traction.
The market for plastic recycling machines is expanding in tandem with the growth of the recycling sector. Demand for shredders, granulators, and extrusion machines is increasing as both public and private players invest in waste processing infrastructure. Technological advancements are improving efficiency and output quality, while government incentives and grants are encouraging SMEs and cooperatives to adopt plastic recycling machinery.
This market is challenged by the high capital cost of modern recycling equipment and a shortage of skilled technicians to operate and maintain them. Most machinery is imported, leading to increased lead times and maintenance expenses. The informal nature of the local recycling sector also discourages long-term industrial investment.
With the push toward a circular plastic economy, demand for recycling machinery is on the rise. Investors can benefit from manufacturing or importing advanced machines such as shredders, granulators, and extruders tailored to local plastic waste types. Opportunities also exist in offering turnkey recycling solutions and after-sales services to cooperatives and small recycling operators. Technology upgrades for energy efficiency and automation can improve competitiveness and ROI.
The plastic recycling machine market in the Philippines is growing as more businesses invest in recycling equipment to meet the demand for recycled plastic materials. Government policies that incentivize recycling and waste management are critical to the market`s expansion. The Philippine government offers subsidies and tax breaks for companies that invest in state-of-the-art recycling technologies. Furthermore, policies promoting the reduction of plastic waste and the recycling of plastics in manufacturing processes have encouraged local and international companies to expand their operations in the Philippines.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Plastic Recycling Machine Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Plastic Recycling Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Plastic Recycling Machine Market - Industry Life Cycle |
3.4 Philippines Plastic Recycling Machine Market - Porter's Five Forces |
3.5 Philippines Plastic Recycling Machine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Plastic Recycling Machine Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.7 Philippines Plastic Recycling Machine Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Philippines Plastic Recycling Machine Market Revenues & Volume Share, By Output, 2021 & 2031F |
3.9 Philippines Plastic Recycling Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Philippines Plastic Recycling Machine Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Plastic Recycling Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Plastic Recycling Machine Market Trends |
6 Philippines Plastic Recycling Machine Market, By Types |
6.1 Philippines Plastic Recycling Machine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Plastic Recycling Machine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Plastic Recycling Machine Market Revenues & Volume, By Combined Machines, 2021- 2031F |
6.1.4 Philippines Plastic Recycling Machine Market Revenues & Volume, By Shredders, 2021- 2031F |
6.1.5 Philippines Plastic Recycling Machine Market Revenues & Volume, By Extruders, 2021- 2031F |
6.1.6 Philippines Plastic Recycling Machine Market Revenues & Volume, By Grinders, 2021- 2031F |
6.1.7 Philippines Plastic Recycling Machine Market Revenues & Volume, By Mixers, 2021- 2031F |
6.1.8 Philippines Plastic Recycling Machine Market Revenues & Volume, By Sorters, 2021- 2031F |
6.1.9 Philippines Plastic Recycling Machine Market Revenues & Volume, By Others (Densifier, Pelletizer, etc.), 2021- 2031F |
6.1.10 Philippines Plastic Recycling Machine Market Revenues & Volume, By Others (Densifier, Pelletizer, etc.), 2021- 2031F |
6.2 Philippines Plastic Recycling Machine Market, By Category |
6.2.1 Overview and Analysis |
6.2.2 Philippines Plastic Recycling Machine Market Revenues & Volume, By Single Stage Plastic Recycling Machines, 2021- 2031F |
6.2.3 Philippines Plastic Recycling Machine Market Revenues & Volume, By Two Stage Plastic Recycling Machines, 2021- 2031F |
6.2.4 Philippines Plastic Recycling Machine Market Revenues & Volume, By Multi Stage Plastic Recycling Machines, 2021- 2031F |
6.3 Philippines Plastic Recycling Machine Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Philippines Plastic Recycling Machine Market Revenues & Volume, By Automatic, 2021- 2031F |
6.3.3 Philippines Plastic Recycling Machine Market Revenues & Volume, By Semi-automatic, 2021- 2031F |
6.4 Philippines Plastic Recycling Machine Market, By Output |
6.4.1 Overview and Analysis |
6.4.2 Philippines Plastic Recycling Machine Market Revenues & Volume, By Up to 100 kg/hr., 2021- 2031F |
6.4.3 Philippines Plastic Recycling Machine Market Revenues & Volume, By >100 kg/hr. to 500 kg/hr., 2021- 2031F |
6.4.4 Philippines Plastic Recycling Machine Market Revenues & Volume, By >500 kg/hr. to 1000 kg/hr., 2021- 2031F |
6.4.5 Philippines Plastic Recycling Machine Market Revenues & Volume, By Above 1000 kg/hr., 2021- 2031F |
6.5 Philippines Plastic Recycling Machine Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Philippines Plastic Recycling Machine Market Revenues & Volume, By Post-industrial Recycling (PIR), 2021- 2031F |
6.5.3 Philippines Plastic Recycling Machine Market Revenues & Volume, By Post-consumer Recycling (PCR), 2021- 2031F |
6.5.4 Philippines Plastic Recycling Machine Market Revenues & Volume, By Improvement Applications, 2021- 2031F |
6.6 Philippines Plastic Recycling Machine Market, By Distribution Channel |
6.6.1 Overview and Analysis |
6.6.2 Philippines Plastic Recycling Machine Market Revenues & Volume, By Direct Sales, 2021- 2031F |
6.6.3 Philippines Plastic Recycling Machine Market Revenues & Volume, By Indirect Sales, 2021- 2031F |
7 Philippines Plastic Recycling Machine Market Import-Export Trade Statistics |
7.1 Philippines Plastic Recycling Machine Market Export to Major Countries |
7.2 Philippines Plastic Recycling Machine Market Imports from Major Countries |
8 Philippines Plastic Recycling Machine Market Key Performance Indicators |
9 Philippines Plastic Recycling Machine Market - Opportunity Assessment |
9.1 Philippines Plastic Recycling Machine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Plastic Recycling Machine Market Opportunity Assessment, By Category, 2021 & 2031F |
9.3 Philippines Plastic Recycling Machine Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Philippines Plastic Recycling Machine Market Opportunity Assessment, By Output, 2021 & 2031F |
9.5 Philippines Plastic Recycling Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
9.6 Philippines Plastic Recycling Machine Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Plastic Recycling Machine Market - Competitive Landscape |
10.1 Philippines Plastic Recycling Machine Market Revenue Share, By Companies, 2024 |
10.2 Philippines Plastic Recycling Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |