Waste Sorting Equipment Market | Latest Industry Trends, Future Growth, Regional Overview and Growth Forecast Outlook

At the beginning of a recently published report on the Waste Sorting Equipment Market 2019-2027, an extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the Waste Sorting Equipment Market.
Various segments of the market have been divided into different divisions. They have been depicted the maximum share and profit maximization of the industry during the forecasting period of 2019 to 2027. This is mentioned in the report too. Depending on the information, it has been recognized with different data and figures offered by the analysis of the overall understanding of the marketplace and value. Various distinctive features involve the market's knowledge based on the factors like demographic changes, dimensions, historical details, and overviews. The research is also included in the strategic movements that are undertaken by the top-notch markets.
The Global Waste Sorting Equipment Market size stood at USD 733.3 million in 2019 and is projected to reach USD 1,846.0 million by 2027, exhibiting a CAGR of 12.4% during the forecast period.
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List of the Key Companies Operating in the Waste Sorting Equipment Market are:
• STEINERT GmbH (Germany)
• TOMRA (Norway)
• MSS, Inc. (USA)
• Green Machine (USA)
• Beston (Henan) Machinery Co., Ltd. (China)
• CP Manufacturing, Inc. (USA)
• Kingtiger (Shanghai) Environmental Technology Co., Ltd. (China)
• REDWAVE (Parent:BT-Wolfgang Binder GmbH) (Austria)
• Buhler Group (Switzerland)
• Coparm Srl (Italy)
Scope of the Report:
• Waste Sorting Equipment Market 2021 global industry research report is a professional and in-depth study on the Advanced Traffic Management Systems trends, share, size, growth, as well as industry analysis. Furthermore, size, the revenue shares of each segment and its sub-segments, as well as forecast figures are also covered in this report.
• The Global Waste Sorting Equipment Market report is provided for the international markets as well as development trends, competitive landscape analysis, and key region's development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue, and gross margins.
• The financial parameters which are assessed include the sales, profits, and the overall revenue generated by the key players of the industry. Furthermore, the report offers a detailed analysis and information as per Waste Sorting Equipment Market Growth Analysis by manufacturers, segments helping our readers to get a comprehensive overview of the global

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An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreaks across industries to help you prepare for the future.
Market Driver:
Government Implication for Environmental Protection to Augment Growth
The growing waste production has led the government to take strict measures to save the environment, which in turn, will boost the growth of the waste sorting equipment market. The stringent policies pertaining to environmental safety and protection will subsequently foster the growth of the market. for instance, several European countries have officially declared the recycling targets to prevent solid waste generation; an objective to recycle a minimum of 55% of municipal waste by 2025. The rising focus towards the processing of recyclable plastic will contribute positively to the growth of the market. Similarly, the construction of waste sorting facilities for the categorization of PE and PP will bode well for the market. Moreover, the introduction of advanced machines with cutting-edge technologies by manufacturers will significantly aid the expansion of the market. For instance, Steinert, a pioneer in waste management technologies company based in Germany announced the introduction of a new Chutec chute sorter, sensor-based sorting equipment for nonferrous metals. The new machine has the capability to sort light and heavy metal in small grains, using it using X-ray fluorescence (XRF) to recover zinc, brass, and copper in no time.
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Regional Analysis:
Surge in Plastic Waste to Promote Market in Asia Pacific
The waste sorting equipment market in Asia Pacific is predicted to witness a high growth rate during the forecast period owing to the surge in plastic waste in the region. The expansion of various industries and the rising population will contribute to the waste accumulation in the region. The implementation of strict government regulations regarding plastic waste will have a positive impact on the market. Europe is expected to dominate the market during the forecast period owing to the increasing focus on environmental and waste management in the European countries. The presence of pre-eminent players in the region will further bolster the growth of the market in Europe. Moreover, strict government regulations along with growing recycling initiatives will create opportunities for the market in the region. In addition, the development of various waste management facilities will encourage the healthy growth of the waste sorting equipment market in Europe.
Key Development:
September 2019: Tomra Sorting Recycling, a producer and manufacturer of sensor-based technologies announced that it has released X-TRACT X6 Fines. The new advanced machine will aid in the high purity sorting of mixed non-ferrous metal fractions.
Table of Content
• Introduction
o Definition, By Segment
o Research Approach
o Sources
• Executive Summary
• Market Dynamics
o Drivers, Restraints and Opportunities
o Emerging Trends
• Key Insights
o Macro and Micro Economic Indicators
o Price Trend Analysis
o Porter’s Five Forces Analysis
o Impact of Covid-19 on the Global Waste Sorting Equipment Market
• Global Waste Sorting Equipment Market Analysis, Insights and Forecast, 2016-2027
o Key Findings / Summary
o Market Size Estimates and Forecasts
 By Material Type
 Metal
 Plastic
 Cardboard & Paper
 Others (Organic waste, Glass, Wood and etc.)
 By Application
 Municipal
 Industrial
 By Region
 North America
 Europe
 Asia Pacific
 Rest of the World
TOC Continued...!!!
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