DUBLIN--(BUSINESS WIRE)--The "Optical Sorter Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The optical sorter market is expected to register a CAGR of 10% over the forecast period (2021-2026).
Companies Mentioned
- TOMRA Systems ASA
- Eagle Vizion Inc.
- Buhler Holding AG
- Key Technology Inc. ( Duravant LLC)
- MSS Inc. (CP Manufacturing Inc.)
- KEN Bratney Co.
- Hefei Meyer Optoelectronic Technology Inc.
- Machinex Industries Inc.
- Raytec Vision SpA
- Cimbria AS (AGCO Corporation)
- Van Wamel BV
- Satake Corporation
- National Recovery Technologies LLC
- Sesotec GmbH
Key Market Trends
Food Industry is Expected to Gain Demand Momentum owing to Evolving Regulations
- The food processing industry is expected to exhibit the maximum application of the optical sorters. Optical sorting is an automated process of sorting various food commodities including agricultural seeds, grains, nuts, coffee, confectionery products, fruit, meat, and seafood, etc. Optical sorters help the food industry to significantly reduce the risk of contamination from any foreign material, increasing food safety on the production line, food processors, and manufacturers.
- The demand for optical sorters in the food industry is augmented by the growing need for increasing the production capacity by reducing delivery and process time considerably. Furthermore, governments of different regions are becoming increasingly concerned regarding food safety. For instance, The U.S. Food and Drug Administration (FDA) has issued revised food safety standards in October 2019, for state regulatory programs that oversee food facilities that manufacture, process, pack, or hold foods.
- The sensor-based optical sorters have the ability to consistently detect and remove foreign material, unwanted rot, greening defects, blemishes, and damage. This ensures higher yields and a safer, higher quality final product going to consumers. These technologies help to improve food quality and food safety, thus augmenting the adoption of optical sorters in the food industry. The sorting machines also increase processing capacity and lower the labor costs involved by automating the whole food processing, while producing food of the highest quality and safety standards.
- However, the installation cost of the machine is quite high which can act as a constraint to the adoption of optical sorters in the food industry. Also, the operation and maintenance costs involved are high and can increase the cost of the final product.
North America to Witness in Holding the Major Share
- The region is home to some of the major players in the optical sorter industry such as National Recovery Technologies, Llc, Cimbria A/S, and many more which are continuously investing in the building up and advancing their infrastructure to keep pace with the technological advancements and the stringent regulations. This is expected to boost the adoption of optical sorters over the forecast period.
- The key factors driving the growth of this market are the growing focus on automation to increase productivity, increasing need to reduce process and delivery time in the food industry, rising labor costs, and emerging stringent government regulations regarding food safety.
- The Optical sorter market for freefall platforms is expected to hold the largest share during the forecast period. Freefall-based platforms are most suitable for food (nuts and berries as well as frozen and dried fruits, vegetables, potato strips, and seafood) and waste recycling applications. The advantages of a freefall sorter in comparison to a belt sorter is its lower price, size (occupies a smaller area), and the absence of moving parts such as the belt, which contribute to its low maintenance.
- In recent years, many developed countries like United States have introduced specific recycling and environmental performance targets aimed at encouraging people to recycle waste. Optical sorters sort reusable materials by separating them from the waste stream and which can be used as raw materials for new products.
- Some of the prominent players in the region are entering into a partnership that has allowed them to not only develop the technology but also expand their footprint in the market. This would boost the market growth over the forecast period in the region.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Assessment of COVID-19 impact on the industry
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand for Reducing the Delivery and Processing Time
5.1.2 Stringent Regulations Regarding the Food Quality and Labor Costs
5.2 Market Challenges
5.2.1 High Maintenance Cost of the Equipment
6 MARKET SEGMENTATION
6.1 By Type
6.1.1 Hardware
6.1.2 Software
6.2 By End-user Industries
6.2.1 Food
6.2.2 Recycling
6.2.3 Mining
6.2.4 Other End-user Industries
6.3 Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Rest of the World
7 COMPETITIVE LANDSCAPE
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/mknhj2
