Europe Recycling Sorters Market to Hit US$ 289.6 Million at a CAGR of 5.5% by 2033, States Fact.MR
FACT.MR
5 min read
FACT.MR
Germany tops the Europe recycling sorters market accounting for 26.0% market share.
Rockville , Sept. 29, 2023 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the Europe Recycling Sorters Market is estimated at US$ 168.9 million in 2023 and is expected to expand at a CAGR of 5.5% during the forecast years of 2023-2033.
Recycling sorters are gaining traction as they add value to the sorted material and material cross-contamination is eliminated in this process resulting in the enhancement of the quality of sorted desired material output. Government initiatives to efficiently reduce and manage waste and improper disposal of waste across various economies paves the way for the market's growth. Recycling sorters sort the waste material based on its shape, size, and material, which are further sent for processing and manufacturing of new material.
Key Segments of Europe Recycling Sorters Industry Research Report
By Technology
By System Type
By Mechanism
By Application
Eddy current separator
X-ray technology
Induction sorting
Near infrared sensors (NIR)
Others
With-chute
With- conveyor belt
Automatic
Manual
Semi-automatic
Plastic sorting
Metal sorting
Glass sorting
Others
Advancements in technology will drive the market's growth by assisting in enhancing the sorting process, sensors to perform better in sorting, and AI to assist in improving operational efficiency. The aforementioned factors are estimated to propel the market's growth over the projection period.
Key Takeaways from Market Study
The global recycling sorters market is expected to be valued at US$ 289.6 million by 2033 expanding at a CAGR of 5.5%
The market witnessed a 3.7% CAGR for the period of 2018-2023
Under system type, recycling sorters with conveyor belts dominate the market and are expected to be valued at US$ 113.2 million in 2023
Germany dominated the market with a market share of 26.0% in 2022
The application type institute segment is expected to dominate the market representing 44.0% market share in 2023
Germany and France’s demand for recycling sorters is expected to increase at CAGRs of 25.0% and 17.0%, respectively
“Efforts to maintain the circular economy, government initiatives to contribute in the rising demand of the recycling sorters,” says a Fact.MR analyst.
Market Development
Manufacturers are focused on adopting organic and inorganic strategies to win high-profit margins and remain competitive. Long-term trade relations with end-users assist them to survive in unfavorable trade situations. Technological advances to assist in enhancing the machine's overall capabilities fuel their demand. Digitalization plays a crucial role in developing and improving brand image.
Leading manufacturers in the recycling sorters industry, including Buhler Technologies, Hefei Angelon Electronics Co., Ltd., Hefei Meyer Optoelectronic Technology INC, Sesotec, TOMRA, Krause Manufacturing, Coparm, Anhui Jiexun Optoelectronic Technology Co., Ltd. (Anysort), Satake, HAMMEL GmbH (HAMMEL Recyclingtechnik GmbH), ARJES, and Anhui RealTech Machinery Company Limited, are employing key strategies to maintain a competitive edge in the market.
These manufacturers are heavily emphasizing the modular design and advanced product development to enhance the quality of sorting operations and associated services within the waste management sector. The machines are meticulously designed with a focus on benefiting both the environment and consumers. Expanding business operations and boosting sales through leveraging online distribution channels are primary tactics to drive revenue growth. Additionally, establishing long-term supply contracts with end users is a consistent approach to ensure a steady demand for their products.
Companies within the recycling sorters domain are actively adopting diverse strategies to sustain their competitiveness in the market. Moreover, these industry players are finely tuning production variables, including raw material inputs and energy usage, and optimizing processes to secure a strong market presence.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global recycling sorters market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
the study reveals essential insights on the basis of technology (eddy current separator, x-ray technology, x-ray technology, near-infrared sensors (NIR), others), system type (system type, with- conveyor belt), application (plastic sorting, metal sorting, glass sorting, others), the mechanism (automatic, manual, semi-automatic, across major countries of Europe (Germany, France, UK, Benelux, Nordic, Spain, Italy and Rest of Europe).
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Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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