Optical Sorter Market Forecasts From 2019 To 2024
DESCRIPTION The optical sorter market is projected to grow at a CAGR of 11.25% to reach US$3.014 billion by 2023, from US$1.590 billion in 2017. The growing number of countries is focusing on increasing the recycling rate, in order to reduce greenhouse gas emission and to protect and preserve the environment in general. In fact, the recycling rate for municipal waste increased by 13% between 2004 and 2014, while for packaging waste, the recycling rate increased by 10% from 2005 and 2013 in Europe (source: European Environment Agency). The growing focus on increasing the recyclability of waste is significantly driving the optical sorter market. Simultaneously, the growing investment in the mining industry is further supplementing the growth of the market during the forecast period.
Key Questions Answered By The Report What will Optical Sorter Market from 2019 to 2024? How are the major drivers and restraints affecting the Optical Sorter Market. growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why? A comprehensive analysis of competitive landscape and key market participant’s behavior Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Geography
North America USA Canada Mexico Others South America Brazil Argentina Others
Geography
Europe Germany France United Kingdom Others Middle East and Africa Saudi Arabia Israel Others
Geography
Asia Pacific China Japan India Others
Segments Covered Under Global Storage Market:
By Product MIR Sorter NIR Sorters RGB Color Sorters Others
By Platform Belt Freefall Lane Hybrid
By Industry Vertical Food & Beverage Mining Recycling Pharmaceutical Tobacco
COMPANY PROFILES
TOMRA Group Binder+Co AG Greefa National Recovery Technologies, LLC Raytec Vision SpA CP Manufacturing, Inc. Sesotec Inc. Buhler AG Steinert GmbH Duravant
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