Market Size –
The sorting machines market size has grown strongly in recent years. It will grow from $3.75 billion in 2023 to $4.08 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increased demand for processed and nutritional food, rise in demand for sorting machines from end-user industries, environmental concerns and recycling efforts, expansion of e-commerce, increased adoption of industrial automation.
The sorting machines market size is expected to see rapid growth in the next few years. It will grow to $6.49 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to increasing volume of electronic waste, growing emphasis on sustainable packaging materials, increasingly adopted in the pharmaceutical industry, urban mining, emerging markets. Major trends in the forecast period include artificial intelligence integration, robotics and cobots, customization and modular systems, internet of things (iot), sustainability and green sorting.
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Scope Of Sorting Machines Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sorting Machines Market Overview
Market Drivers –
The increase in demand from the food and beverage industries is driving the growth of the sorting machines market. The food and beverage industries encompass businesses involved in the production, processing, distribution, and sale of food and drink products. Optical sorters are mainly utilized in the food industry around the globe, with improved penetration in the processing of collected foods such as fruits and vegetables. For instance, in 2023, according to the Food and Drink Federation, a UK-based organization representing and advising UK food and drink manufacturers, the exports of food and drink experienced a substantial 31% increase in 2022 compared to the previous year. Furthermore, the food and beverage industry boasted a remarkable turnover of $10.84 billion (£10.3 billion) in 2022, contributing to 33% of the total manufacturing output in Scotland. Therefore, the increase in demand from the food and beverage industries will contribute to the growth of the sorting machines market.
The sorting machines market covered in this report is segmented –
1) By Product: Optical Sorter, Weight/Gravity Sorter, Other Products
2) By Technology: Laser, Camera, LED, X-Ray
3) By End-Use Industry: Food & Beverage, Pharmaceutical, Waste Recycling, Mining
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Regional Insights –
Europe was the largest region in the sorting machines market in 2023. The regions covered in the sorting machines market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the sorting machines market include Tomra, Sesotec Inc., Aweta G & P BV, Raytec Vision SpA, BT-Wolfgang Binder GmbH, Concept Engineers Inc., GREEFA, Allgaier Werke, Cimbria, Satake Corporation, CP Global, Duravant, Anhui Jiexun Optoelectronic Technology Co. Ltd., Yuuki Anzai, Hefei Meyer Optoelectronic Technology Inc., Bühler AG, Key Technology Inc., National Recovery Technologies (NRT), Binder+Co AG, Beston (Henan) Machinery Co. Ltd., Yangzhou Kedi Electromechanical Manufacturing Co. Ltd., Newtec, Pellenc ST, Hefei Taihe Optoelectronic Technology Co. Ltd., SORTEX (Bühler), Allgaier Werke GmbH, NRT Optical Sorting (Bulk Handling Systems), Tolsa Group, ELISAM, S+S Separation and Sorting Technology GmbH, JRS Plastic Grinder, CFT Group, AMIS Maschinen-Vertriebs GmbH, Sino-Food Machinery Co. Ltd., Tong Engineering, Advanced Detection Systems
Table of Contents
1. Executive Summary
2. Sorting Machines Market Report Structure
3. Sorting Machines Market Trends And Strategies
4. Sorting Machines Market – Macro Economic Scenario
5. Sorting Machines Market Size And Growth
…..
27. Sorting Machines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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