As urbanization and industrialization continue to rise, there is a significant increase in the demand for bio-waste shredders at the moment. Alternative trash disposal methods were required because there wasn’t enough land available for it. One of the unavoidable factors fueling demand for bio-waste shredders is the increase in food output to feed the growing population and the ensuing increase in agricultural waste generation.
The Europe bio-waste shredder market is estimated at US$ 139 Million in 2023 and is expected to expand at an impressive CAGR of 4.3% during the forecast years of 2023-2033.
Understanding consumer behavior is crucial for businesses because it enables them to better comprehend their clients and create strategies that cater to their demands. They can also use it to find new opportunities, improve marketing campaigns, and boost sales. Businesses may better target their goods and services to the right people, at the right time, and in the right location by analyzing consumer behavior. This can boost their revenue and cultivate a foundation of devoted clients.
Statistics show that nearly 46% of Europe’s garbage is recycled each year. Due to the region’s rapid industrialization, more than 500 kg of regular municipal waste was produced in the historical year 2020. Additionally, Europe is a region that is known for its stable sustainable development, and has very effective waste management systems that take into account and consider every feasible method to reduce pollution. This has significantly expanded the use of waste shredders in various industries.
Top 10 Companies Dominating the Bio-Waste Shredder Industry
- UNTHA shredding technology GmbH
- Shredding Systems, Inc.
- Gient Heating Industry Co., Ltd
- Doppstadt Group
- VERTISA CORPORATION
- Sulzer Ltd
The informative campaigns and stringent regulations for managing biological debris and garbage in the region has particularly encouraged the use of bio-waste shredders in garbage disposal processes. Additionally, increasing hygiene and health consciousness among the regional population is encouraging the segregation and shredding of wastes according to their categories. Agricultural bio-waste is consequently, segregated and shredded to catalyse composting. Home based food waste and medical waste is also shredded either to boost upcycling or to minimize the contamination, respectively.
Bio-waste shredder’s manufacturers are incorporating innovative technologies such as self-sterilization and metal detection systems in their products to attract customer’s attention. However, rising advancements will proportionally increase the product cost which can be a major challenge for the growth of market.
The bio-waste shredder market is slightly fragmented with the presence of regional as well as international players and distributors. New entrants in the market are investing in research and development of new technologies to mark their market presence whereas the key players are adopting inorganic strategies such as mergers, acquisitions and partnerships to expand their customer base and product portfolio. Both emerging and developed manufacturers are adopting in-house manufacturing of whole machines to waive off their international import costs.
In October 2022, UNTHA group an international shredding machine manufacturer acquired Aigner Stahlbau Verkehrstechnik GmbH to expand its supply channels and market presence.
In Germany, between 30 and 40 percent of all waste is made up of bio-waste. Additionally, Germany has been the biggest exporter of garbage of all kinds in the European region in recent years, indicating that it also produces the most bio-waste. Germany provides simple bio-waste processing under strict rules that call for the segregated disposal of biological and non-biological waste.
The usage of bio-waste shredders for processing domestic biological waste, agricultural waste, and medical waste has advanced due to Germany’s proactive initiatives toward sustainability. The use of bio-waste shredders for compost processing has gained a lot of popularity around the nation. Due to the aforementioned factors, the nation will hold a value share of 25% in 2023 and rule the Europe bio-waste shredder market.
Key Highlights of Bio-Waste Shredder Industry
- The Europe bio-waste shedder market is projected to expand at an impressive CAGR of 3% and be valued at US$ 212 Million by 2033.
- The market witnessed a 5% CAGR for the period of 2018-2022.
- Under the shredding capacity segment, upto 25 kg/hr dominates the market and is valued at US$ 65.3 Million in 2023.
- Germany dominated the market with 25% market share in 2023.
- Based on country, demand for bio-waste shredder is expected to increase at CAGRs of 1% & 4.3% respectively, in UK & France.
“Government Initiatives to Reduce Scattered Waste and Encourage Sustainable Development Will Lay Down Abundant Opportunities for The Market Players,”