Waste Sorting Equipment Market: Trends and Growth Analysis

The “Waste Sorting Equipment Market Research Report Overview by 2024” market size is reached USD 733.30 million by 2019 and it is projected to reach USD 3,326.2 million by 2032 between the forecast period and expected Compound annual growth rate of 11.4% between the forcast period by (2019-2032).

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Waste Sorting Equipment Market Share, Size & Industry Analysis, By Material Type (Metal, Plastic, Cardboard & Paper, Others), By Application (Municipal and Industrial) and Regional Forecast Between, 2032

Major Keyplayers of waste sorting equipment market:

Some of the key players operating in the global waste sorting equipment Industry are:

• STEINERT GmbH (Germany)
• TOMRA (Norway)
• MSS, Inc. (USA)
• Green Machine (USA)
• Beston (Henan) Machinery Co., Ltd. (China)
• CP Manufacturing, Inc. (USA)
• Kingtiger (Shanghai) Environmental Technology Co., Ltd. (China)
• REDWAVE (Parent: BT-Wolfgang Binder GmbH)(Austria)
• Buhler Group (Switzerland)
• Coparm Srl (Italy)

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Key industry developments of waste sorting equipment market:

• TOMRA Sorting Recycling launched its INNOSORT FLAKE at Plastic Recycling show Europe. This flake sorting equipment is focused on various applications including PET flakes, PE/PP flakes, PO flakes, and others. The INNOSORT Flake combines material and color sorting through NIR technology to provide high accuracy.
• TOMRA Sorting and Recycling introduced GAIN a sorting technology, based on deep learning to increase the performance of its sensor-based sorting machines.

Drivers and restraints of waste sorting equipment market:

• Drivers:
  • Increasing Waste Generation: Rising global waste generation due to urbanization and population growth drives the demand for effective waste sorting equipment to manage and process waste efficiently.
  • Focus on Recycling and Waste Management: Growing emphasis on recycling, circular economy, and sustainable waste management practices promotes the adoption of advanced sorting technologies.
  • Regulatory Pressure: Stringent regulations and policies aimed at reducing landfill waste and increasing recycling rates drive the need for sophisticated waste sorting systems that comply with environmental standards.
  • Technological Advancements: Innovations such as AI-based sorting, automated systems, and improved sensor technologies enhance the efficiency and accuracy of waste sorting processes.
  • Public Awareness and Demand: Increasing public awareness about environmental issues and the demand for better waste management solutions contribute to the growth of the waste sorting equipment market.
• Restraints:
  • High Initial Costs: The significant capital investment required for advanced waste sorting equipment can be a barrier for municipalities and waste management companies.
  • Complex Installation and Maintenance: Installing and maintaining sophisticated sorting systems can be complex and require specialized technical expertise, which may increase operational challenges.
  • Operational Challenges: Sorting equipment may face challenges in handling diverse and contaminated waste streams, affecting the efficiency and effectiveness of the sorting process.
  • Technological Obsolescence: Rapid advancements in technology may lead to obsolescence of existing sorting equipment, necessitating frequent upgrades or replacements to stay current.
  • Regulatory Compliance Costs: Adhering to evolving regulations and standards for waste sorting and recycling can involve additional costs and administrative efforts for waste management organizations.

Regional Insights:

• North America (the U.S. and Canada)
• Europe (UK, Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, and the Rest of Asia Pacific)
• The Middle East & Africa (South Africa, GCC, and the Rest of the Middle East & Africa)
• Latin America (Brazil, Mexico, and the Rest of Latin America)

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

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