What is the global market size of Optical Sorter Market?

Global Optical Sorter Market size was valued at USD 2.39 billion in 2022 and is poised to grow from USD 2.61 billion in 2023 to USD 5.24 billion by 2031, growing at a CAGR of 9.11% during the forecast period (2024-2031).

Who are the key vendors in the Global Optical Sorter Market?

A growing number of new competitors are entering the market as a result of the product demand expanding significantly across several end-use industries, including the food and beverage, mining, pharmaceutical, and waste recycling sectors. The major producers are spending money on R&D to create new items and broaden their customer base. Additionally, manufacturers are utilizing this tactic to improve sales and expand their market dominance. 'Key Technology (United States)', 'TOMRA Systems ASA (Norway)', 'Bühler Group (Switzerland)', 'Satake Corporation (Japan)', 'Cimbria A/S (Denmark)', 'CP Manufacturing Inc. (United States)', 'Allgaier Werke GmbH (Germany)', 'GREEFA (Netherlands)', 'Binder+Co AG (Austria)', 'NEWTEC (Belgium)', 'Raytec Vision SpA (Italy)', 'Pellenc ST (France)', 'TAIHO (China)', 'Anhui Jiexun Optoelectronic Technology (China)', 'BIDA (China)', 'Daewon GSI Co., Ltd. (South Korea)', 'CSG Color Sorter Group (China)', 'Key's Sorting and Processing Systems (United States)', 'National Recovery Technologies (United States)'

Optical Sorter Market Size, Share, Growth Analysis, By Product Type(Cameras, Lasers, NIR (near-infrared) Sorters, Hyperspectral Cameras & Combined Sorters), By Platform(Belt, Freefall, Lane, Hybrid), By Application(Food (Vegetables & Fruits, Dried Fruits & Nuts, Meat & Seafood, Grains), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2135 | Region: Global | Published Date: November, 2024
Pages: 202 | Tables: 65 | Figures: 74

Optical Sorter Market Regional Insights

In terms of market share, the optical machine industry will be dominated by North America in 2022. Due to growing food sorter machine use in the food industry and severe Food and Drug Administration (FDA) regulations to assure food quality, this is the case. The top manufacturers and suppliers of optical sorter machines in North America include Green Machine LLC, National Recovery Technologies, Inc. (NRT), and MSS, Inc. The only fully integrated provider of recycling systems in the optical sorter machine sector is Green Machine LLC, a manufacturer of cutting-edge recycling, solid waste optical sorter systems, and equipment in the United States.

In the projection period, Europe is anticipated to be among the regions with the fastest development in the optical sorter machine market due to the region's increased emphasis on removing pollutants from food products, which is encouraging the industry's expansion and sorting machine adoption. Additionally, the amount of electrical waste in the continent of Europe is continuously increasing. There is a strong need for optical sorter equipment in the European region since recycling these wastes has become necessary.

Optical Sorter Market Report Snapshots

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Global Optical Sorter Market size was valued at USD 2.39 billion in 2022 and is poised to grow from USD 2.59 billion in 2023 to USD 4.70 billion by 2031, growing at a CAGR of 7.72% during the forecast period (2024-2031).

A growing number of new competitors are entering the market as a result of the product demand expanding significantly across several end-use industries, including the food and beverage, mining, pharmaceutical, and waste recycling sectors. The major producers are spending money on R&D to create new items and broaden their customer base. Additionally, manufacturers are utilizing this tactic to improve sales and expand their market dominance. 'TOMRA ', 'BÜHLER ', 'Hefei Meyer Optoelectronic Technology ', 'SATAKE ', 'Allgaier Werke ', 'Key Technology ', 'UNITEC ', 'AWETA ', 'Machinex ', 'Pellenc ST ', 'Binder+Co ', 'Sesotec ', 'National Recovery Technologies (NRT) ', 'Raytec Vision ', 'Steinert ', 'Angelon ', 'MAF Roda Agrobiotic â¯ ', 'Newtec ', 'Cimbría ', 'Daewon GSI ', 'CP Global ', 'Redwave ', 'Elica ASM ', 'Techik Instrument'

Quality control and product safety are critical concerns for industries like food and beverage, pharmaceuticals, and manufacturing. Optical sorters play a vital role in ensuring product quality by efficiently detecting and removing defects, foreign materials, and contaminants from the production line. The increasing emphasis on product safety regulations and consumer demands for high-quality products drive the adoption of optical sorters.

Expansion of Application Areas: Optical sorting technology is expanding beyond traditional industries such as food processing and recycling. It is finding applications in emerging sectors such as pharmaceuticals, mining, cosmetics, and logistics. Optical sorters are being used to sort pharmaceutical tablets, mining ores, cosmetic products, and parcel packages, among others. This expansion of application areas broadens the market potential for optical sorters and drives their adoption in diverse industries.

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Optical Sorter Market Regional Insights

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