Global Market Size, Forecast, and Trend Highlights Over 2023-2033
Japan Shredded Waste Market size expected to reach a volume of 500.1 million tons by the end of 2033, witnessing around 3.3%CAGR during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of Japan shredded waste was a volume of 354.4 million tons. The growth of the market can be attributed to the increasing amount of waste being generated in Japan. Moreover, waste materials generated by households, such as paper, bottles, food scraps, and other recyclable or compostable materials hold a significant share of the total waste. About 42 million metric tons of trash were produced in Japan during the fiscal year 2020. Besides this, household waste made up the majority of created waste, amounting to almost 30 million metric tons. Household waste contributes massively to the filling of landfills and the use of these landfills can be decreased by shredding the household waste.
In addition to these, factors that are believed to fuel the growth of Japan’s shredded waste market include international shredder manufacturers entering the market in Japan. For instance, Australia-based industrial shredder manufacturer, UNTHA extend its global reach by signing an exclusive distributor agreement with Axia in Japan. Axia has already ordered 6 UNTHA XR shredders which are currently being installed in Japan. After that, Axia's engineers will provide ongoing maintenance. The collaboration demonstrates rising national demand for the waste-to-energy sector. Additionally, the growing number of shredder plants in the region is likely to drive market expansion over the projected period. As of 2020, there were around 110 shredding plants in Japan.
