Shredder Blades Industry Report 2023-2028: Surge in e-Waste Recycling Demands Innovation in Shredder Blade Manufacturing

Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Global Shredder Blades Market by Shaft Count (Single shaft, Double shaft), Blade Design (Hook, Square), End User Industry (Waste Management & Recycling, Food Industry), Application (Plastic, Rubber, Metal, Wood, E-waste) & Region - Forecast to 2028" report has been added to's offering.

The Global Shredder Blades Market is set to witness a significant growth spurt. With a robust CAGR of 5.3% predicted from 2023 to 2028, the market size is expected to burgeon from an estimated USD 431 million to USD 557 million by the end of the forecast period.

The report delves into the nitty-gritty of the shredder blades ecosystem, segmenting the market by blade design, shaft count, end-user industry, application, and region. It emerges that hook-type shredder blades hold dominance in the blade design segment due to their versatility and wide application range across industries such as plastic and paper recycling.

Surge in E-Waste Recycling Demands Innovation in Shredder Blade Manufacturing

According to the document, there is a noticeable uptrend in the shredding of electronic waste, making E-waste the fastest-growing segment based on application. Tailored shredder blades are increasingly important in effectively breaking down electronic components to extract valuable materials, driven by the rise in consumption of electronic products.

North American Market Becomes a Frontrunner in Shredder Blades Innovation

North America secures its position as the second largest market for shredder blades globally. Government initiatives and increased environmental consciousness fuel growth in the region, with the United States at the forefront due to its legacy in various sectors, including automotive and electronics recycling.

Insights from Industry Insiders

A comprehensive analysis includes insights from C-level executives, market specialists, and industry consultants, painting a detailed picture of the current market landscape. An assessment of the competitive scenario showcases established players who have cemented their presence, sharing insights and fueling the market with continuous innovation.

Competitive Edge and Market Dynamics

  • Key Market Drivers: Increasing demands from recycling and scrap industries, as well as automotive and paper manufacturing sectors propel the market.
  • Market Restraints: High maintenance costs pose a challenge to market growth.
  • Opportunities: With surging requirements for E-waste shredding and the pursuit of green entrepreneurship, the market is ripe with opportunities.
  • Industry Challenges: High-quality material requirements and precision engineering remain key challenges within the market.

The report indicates a stark shift towards more resilient and smart materials, enhancing blade longevity, market development, and diversification strategies catering to virgin and untapped territories.

Key Attributes

Report AttributeDetails
No. of Pages174
Forecast Period2023-2028
Estimated Market Value (USD) in 2023$431 Million
Forecasted Market Value (USD) by 2028$557 Million
Compound Annual Growth Rate5.3%
Regions CoveredGlobal

Companies Mentioned

  • Accu Grind
  • Aker Tools & Components
  • American Cutting Edge
  • Anhui Yafei Machine Tool Co. Ltd.
  • Bks Knives
  • Fernite of Sheffield Ltd.
  • Fordura China
  • Harsons Ventures Pvt. Ltd.
  • Kamadur Industrial Knives B.V.
  • Maanshan Henglong Mechanical Technology Co. Ltd.
  • Miheu D.O.O.
  • Multech Machinery Corp.
  • Nanjing Huaxin Machinery Tool Manufacturing Co. Ltd.
  • Nanjing Jingfeng Knife Manufacturing Co. Ltd.
  • Povelato Srl
  • Saturn Machine Knives Ltd.
  • Servo International
  • Shred Tools India
  • Shree Vishwakarma Industries
  • Wanrooe Machinery Co. Ltd.
  • Wiscon Envirotech Inc.

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Global Shredder Blades Market

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