Press release
Sorting Machines Market: Steady Rise in Demand with CAGR of 14.4% Expected by 2029
Sorting Machines Market
What Is The Projected Market Size Of The Global Sorting Machines Market And Its Growth Rate?
The global sorting machines market has displayed significant growth in recent years. Here are some key statistics:
• It is expected to grow from $4.05 billion in 2024 to $4.4 billion in 2025 at a CAGR of 8.5%.
• The market's size is predicted to reach $7.54 billion in 2029 at a robust CAGR of 14.4%.
• This expansion can be attributed to an increase in electronic waste, a focus on sustainable packaging materials, uptake in the pharmaceutical industry, the rise of urban mining, and emerging markets.
What Is Driving The Growth In The Sorting Machines Market?
The burgeoning demand from the food and beverage industries is driving the global sorting machines market. Businesses involved in the production, processing, distribution, and selling of food and beverage products worldwide mainly use optical sorters. Notably, food and beverage exports experienced an impressive hike of 31% in 2022 compared to the previous year, according to the Food and Drink Federation. Moreover, the industry marked an exceptional turnover of $10.84 billion in 2022, contributing to 33% of Scotland's total manufacturing output. This significant growth in the industry is expected to boost the sorting machines market.
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Who Are the Key Players Driving Sorting Machines Market Growth?
The major corporations responsible for driving the growth 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.
What Are The Key Trends In The Sorting Machines Market?
Innovations and technology adoption in the market include:
•Integration of Artificial Intelligence
•Use of Robotics and Cobots
•Customization and Modular Systems
•Implementation of Internet of Things (IoT)
•Sustainability and green sorting
What Are The Segments Of The Global Sorting Machines Market?
•By Product: Optical Sorter, Weight/Gravity Sorter, Other Products
•By Technology: Laser, Camera, LED, X-Ray
•By End-Use Industry: Food & Beverage, Pharmaceutical, Waste Recycling, Mining
Which Region Leads The Sorting Machines Market?
Europe prevailed as the largest region in the sorting machines market in 2024. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Sorting Machines Market Global Market Report?
- Market Size Analysis: The report analyses the Sorting Machines Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Various subsegments in the Sorting Machines Market are identified for effective categorization.
- Key Player Focus: Market value, share, and competitive landscape of key players are highlighted.
- Growth Trends Analysis: The report examines individual growth trends and prospects in the Market.
- Market Contribution: The contributions of different segments to the overall Sorting Machines Market growth are assessed.
- Growth Drivers: Key factors influencing market growth, including opportunities and drivers, are detailed.
- Industry Challenges: The report analyses challenges and risks affecting the Sorting Machines Market.
- Competitive Developments: The report focuses on competitive developments, such as expansions, agreements, and new product launches in the market.
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