LONDON--(BUSINESS WIRE)--The global sorting equipment market is expected to grow by USD 639.68 million, as per Technavio. This marks a significant market slowdown compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 8%.
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The market is driven by growing concerns about food safety. In addition, the upgradation and modernization of equipment are anticipated to boost the growth of the sorting equipment market.
The presence of contaminants and germs in food products could result in serious health implications and even death. Also, farmers add chemical fertilizers and foreign materials to increase the yield. In addition, the growing health consciousness among consumers and the increasing stringency of regulations about food safety have compelled food manufacturers to adopt sorting equipment to ensure the quality of their food products. These factors are expected to create a strong demand for sorting equipment during the forecast period.
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Major Five Sorting Equipment Companies:
Aweta operates its business through a unified segment. The company manufactures sorting machines for different fruits and vegetables such as apple, avocado, mango, and others.
BT-Wolfgang Binder GmbH
BT-Wolfgang Binder GmbH operates its business through segments such as Mixing plants, Stone processing, Conveyor technology, and Sorting technology. The company offers plant solutions and optical sorting machines for mineral sorting.
Bühler AG operates its business through segments such as Grains and Food, Consumer Foods, and Advanced Materials. The company offers optical sorting equipment to sort grain, food, and plastic.
DAEWON GSI Co. Ltd.
DAEWON GSI Co. Ltd. operates its business through a unified segment. The company offers a wide range of food sorting equipment.
Duravant LLC operates its business through segments such as Food processing, Packaging, and Material handling. The company manufactures a range of sorting equipment under its brand, Key Technology.
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Sorting Equipment Market End-user Outlook (Revenue, USD Million, 2020-2024)
- Food sorting
- Waste sorting
- Mineral sorting
Sorting Equipment Market Geographic Outlook (Revenue, USD Million, 2020-2024)
- North America
- South America
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