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Optical Sorter Market 2022 Driving Factors Forecast Research 2028

12-26-2022 07:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Optical Sorter Market

Optical Sorter Market

The global optical sorter market is anticipated to grow at a significant CAGR of 9.7% during the forecast period. The optical sorter is an automated method that allows the user to sort solid objects utilizing cameras, lasers, sensors, and the image processing system's software-driven intelligence. Through its use of it, the color, size, shape, structural qualities, and chemical makeup are all recognized. A growing focus on automation to increase productivity in various industries, increasing adoption in the food industry for food processing activities and for reducing process and delivery time, increase in wages of the manual workforce in various countries, and stringent government regulations regarding food safety all are factors that are driving the market growth. All of these reasons are important in propelling the optical sorter market forward.

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The optical sorter market has been impacted by the COVID-19 pandemic and its dissemination. From a geographical perspective, the COVID-19 pandemic has harmed countries with export-oriented economies by forcing the closure of manufacturing firms. The mining industry is the one that has been hit the worst. Mining and recycling infrastructure growth decreased in the first half of 2020 due to a slowdown in hardware supply and lower production capacity, which persisted in 2021 with delayed recovery. The COVID-19 pandemic had the least influence on the food business. As food is considered a need, the increased demand for healthful and hygienic food during COVID-19 boosted the demand for optical sorters in the food business. TOMRA was able to generate solid financial results in 2020 despite the need for temporary closures of container collection locations in several markets and other business disruptions. Lockdowns and social distancing procedures had a negative influence on the food service industry during the COVID-19 outbreak. As a result, increasing home consumption has benefited the grocery industry and kept fresh food production on track for 2020. As the world recovered from the global pandemic in 2021, the corporation concentrated on the necessities during the COVID-19 recovery in Africa and Europe's food markets. Due to the gradual global recovery from COVID-19, Hefei Meyer Optoelectronic Technology's (China) sales performance in Europe and Africa is accelerating.

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• Market Coverage
• Market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

.Market Segmentation
Global Optical Sorter Market by Type
• Cameras
• Lasers
• NIR Sorters
• Hyperspectral Cameras & Combined Sorters

Global Optical Sorter Market by Application
• Food
• Recycling
• Mining

Regional Analysis
• North America
• United States
• Canada
• Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
• Rest of the World

Company Profiles
• TOMRA Sorting ASA
• Eagle Vision Inc.
• Bühler Holding AG
• Key Technology Inc. (Duravant Co.)
• MSS, Inc. (CP Manufacturing, Inc.)
• KEN Bratney Co.
• Hefei Meyer Optoelectronic Technology Inc.
• Machinex Industries Inc.
• Raytec Vision Spa
• Cimbria AS (AGCO Corp.)
• Van Wamel BV
• Satake Corporation
• National Recovery Technologies, LLC
• Sesotec GmbH

The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Optical Sorter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +91 780-304-0404

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