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Sorting Machines Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Sorting Machines Global Market Report 2023 identifies increase in demand from the food and beverage industries as the major driver for the sorting machines market's growth in the forecast period. Optical sorters are mainly utilised in the food industry around the globe, with improved penetration in the processing of collected foods like fruits and vegetables.
The global sorting machines market size grew from $3.46 billion in 2022 to $3.74 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The sorting machines market size is expected to grow to $6 billion in 2027 at a CAGR of 12.6%.
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Major competitors in the sorting machines market are Tomra, Sesotec, Aweta, Raytec Vision, BT-Wolfgang Binder, Concept Engineers, GREEFA, Allgaier Werke, Cimbria, Satake Corporation.
A key trend in the sorting machines market includes technological advancement. For instance, in May 2020, TOMRA Company introduced TOMRA 3C, a new optical sorting machine systematic in sorting and product yields. The TOMRA 3C should be equipped with two, three, or four 500-mm wide chutes. The option of having multiple numbers of chutes permits high throughput, but heavier than this, it also provides great flexibility. While four chutes may be run in parallel to perform similar tasks to supply extraordinarily high throughput, chutes may also operate individually from each other, for instance, to commit one or two chutes to reverse sorting.
al and operational data on the residents.
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The sorting machines market is segmented -
• By Product: Optical Sorter, Weight/Gravity Sorter, Other Products
• By End-Use Industry: Food & Beverage, Pharmaceutical, Waste Recycling, Mining
• By Technology: Laser, Camera, LED, X-Ray
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the sorting machines market.
The Business Research Company's "Global Sorting Machines Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Sorting Machines Market Include:
1. Executive Summary
2. Sorting Machines Market Characteristics
3. Sorting Machines Market Trends And Strategies
4. Sorting Machines Market - Macro Economic Scenario
5. Sorting Machines Market Size And Growth
……
26. Africa Sorting Machines Market
27. Sorting Machines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sorting Machines Market
29. Sorting Machines Market Future Outlook and Potential Analysis
30. Appendix
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