Solution:
To increase WordPress memory to 64MB add the following to wp-config.php:
define('WP_MEMORY_LIMIT', '64M');
From official WordPress documentation on increasing memory limit:
WP_MEMORY_LIMIT option allows you to specify the maximum amount of memory that can be consumed by PHP. This setting may be necessary in the event you receive a message such as “Allowed memory size of xxxxxx bytes exhausted”.
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Please note, this setting may not work if your host does not allow for increasing the PHP memory limit–in that event, contact your host to increase the PHP memory limit. Also, note that many hosts set the PHP limit at 8MB
You’d expect to run out of memory eventually if you keep adding plugins. In your case, 33554432 bytes is exactly 32MB, which is four times as generous as expected above. But your web host may still allow you to increase. If not, it might be time to move web hosts. Good luck.