Europe Optical Sorter Market Size, Share & Industry Trends Analysis Report By Application (Food, Recycling, and Mining), By Platform (Belt, Lane, Hybrid, and Freefall), By Type, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Europe Optical Sorter Market would witness market growth of 8.9% CAGR during the forecast period (2021-2027).
To limit the dangers to customers' health, numerous food safety systems, laws, and policies are being developed to control microbiological and chemical threats. Several government regulatory authorities are working to develop a food safety policy that will aid in food traceability at several phases, including production, processing, and distribution. This aids enterprise engaged in the production of food items in putting in place a tracking and management unit for managing the quality of food ingredients. When applied, optical sorting technology allows food manufacturers to increase business productivity while also separating inferior-quality ingredients.
A rising emphasis on automation in order to increase the productivity in multiple industries, increasing incorporation in the food manufacturing for food processing operations and for lowering process and delivery time, increase in income of the manual labor in various countries, coupled with stringent regulations by the government regarding food safety are all driving factors in the market.
In response to growing demand in the mining industry, which has fueled the growth in the upper European region and the Russian economy, the regional market is expected to witness strong growth. In addition, according to the European Commission, in terms of jobs and value-added, the food and beverage industry is the largest manufacturing sector in the EU. In commerce with non-EU countries, it's also a plus. The EU has a significant trade surplus in food, and EU culinary specialties are well-liked around the world. EU food and drink exports have risen in the last decade, reaching over €90 billion thus contributing to an over €30 billion positive balance.
The EU's food regulation is largely harmonized, and the industry benefits greatly from the EU Single Market's potential. At the same time, the sector is confronted with a number of issues in both the international as well as European markets. The European Commission is striving to strengthen the EU food sector's competitiveness and the Single Market for Food's functionality.
The Germany market dominated the Europe Optical Sorter Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $253 million by 2027. The UK market is estimated to grow at a CAGR of 8% during (2021 - 2027). Additionally, The France market would witness a CAGR of 9.6% during (2021 - 2027)
Based on Application, the market is segmented into Food, Recycling, and Mining. Based on Platform, the market is segmented into Belt, Lane, Hybrid, and Freefall. Based on Type, the market is segmented into Cameras, Lasers, Hyperspectral cameras & Combined Sorters, NIR (near-infrared) and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Optical Sorter Market Size will Hit $3.8 Billion by 2027, at a CAGR of 9.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Buhler Group, Tomra Systems ASA, Hefei Meyer Optoelectronic Technology, Inc., Allgaier Werke GmbH, Key Technology, Inc. (Duravant LLC), Hefei Taihe Intelligent Technology Group Co., Ltd., STEINERT GmbH, Sesotec GmbH, CP Global, and Satake USA, Inc. (Satake Corporation)
Scope of the Study
Market Segments Covered in the Report:
- Recycling, and
- Hybrid, and
- Hyperspectral cameras & Combined Sorters
- NIR (near-infrared) and
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Buhler Group
- Tomra Systems ASA
- Hefei Meyer Optoelectronic Technology, Inc.
- Allgaier Werke GmbH
- Key Technology, Inc. (Duravant LLC)
- Hefei Taihe Intelligent Technology Group Co., Ltd.
- STEINERT GmbH
- Sesotec GmbH
- CP Global
- Satake USA, Inc. (Satake Corporation
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