The Fiber Sorter Market size was valued at USD 2,824.2 million in 2023. Over the forecast period 2024 to 2034, fiber sorter demand is anticipated to rise at 6.3% CAGR. Total market value is predicted to increase from USD 2,914.6 million in 2024 to USD 5,369.2 million in 2034.
Demand for near-infrared spectroscopy (NIRS) in terms of type is projected to remain high in the fiber sorter industry. The latest analysis shows that the near-infrared spectroscopy segment is projected to thrive at 6.3% CAGR during the evaluation period.
Global Fiber Sorter Market Trends
Attributes | Key Insights |
---|---|
Fiber Sorter Market Size in 2023 | USD 2,824.2 million |
Estimated Fiber Sorter Market Value (2024E) | USD 2,914.6 million |
Projected Fiber Sorter Market Revenue (2034F) | USD 5,369.2 million |
Value-based Fiber Sorter Market CAGR (2024 to 2034) | 6.3% |
Collective Value Share: Top 5 Countries (2024E) | 53% |
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Fiber Sorter Market to Expand Nearly 1.7X through 2034
The fiber sorter market is predicted to expand around 1.7X through 2034, accompanied by a 3.2% increase in the expected CAGR compared to the historical one. Fiber sorters are set to enable precise separation and classification of fibers.
The novel systems are anticipated to improve manufacturing processes, product quality, and resource utilization. From textiles to recycling, fiber sorters ensure optimal performance, driving advancements in diverse sectors. The fiber sorter industry is set to reach USD 5,369.2 million by 2034.
East Asia to be the Future of Automated Fiber Sorting Technology
East Asia is expected to hold around 28.9% of the global fiber sorter market share in 2034. This is attributed to the following factors:
Presence of a Large Textile Industry: As the world’s largest exporter of textiles, China is at the forefront with state-of-the-art facilities and a large workforce. Known for its technological innovations, Japan focuses on high-end clothing and fashion.
South Korea excels in advanced yarn processing and textile technology. Collectively, these countries contribute significantly to global textile production.
The countries are providing a wide range of products, from textiles to industrial garments. The region’s strategic investments, skilled labor, and technological prowess make East Asia an important player in the global textile industry.
Rapid Industrialization: East Asia is witnessing rapid industrialization, led by powerful economies such as China, Japan, and South Korea. As a leading manufacturing hub, China plays an important role in regulating industries.
Japan’s technological equity boom contributes significantly, while South Korea’s technological prowess expands into areas such as electronics and automotive. This technological boom not only expands the region’s economy but also its supply chain. Rising industrialization underscores the region’s transformation into an economic powerhouse.
Research & Development and Partnerships: East Asia has seen a remarkable increase in research & development activities, with China, Japan, and South Korea promoting innovation. Investments in science and technology are set to stimulate growth in several sectors.
Collaborations between academia, government, and industry are flourishing, creating a dynamic research & development ecosystem. Joint ventures, partnerships, and international cooperation underscore the region’s commitment to knowledge-driven growth.
As East Asia increasingly becomes a global innovation hub, collaborative efforts, and research & development programs are important to drive advancements. These are likely to shape the future of the industry and contribute to the region’s economic growth.
The fiber sorter market value grew at a CAGR of 3.1% between 2019 and 2023. Total market revenue reached about USD 2,824.2 million in 2023. In the forecast period, the fiber sorter industry is set to thrive at a CAGR of 6.3%.
Historical CAGR (2019 to 2023) | 3.1% |
---|---|
Forecast CAGR (2024 to 2034) | 6.3% |
The fiber sorter industry witnessed moderate growth between 2019 and 2023. It was attributed to economic growth in emerging markets, which led to the expansion of the textile and food industries.
Fiber Sorter Market Forecast
High Demand for Contamination-free Products in Textile Industry
Growing Awareness of Product Quality and Safety Standards
Regulatory Concerns are Affecting the Fiber Sorter Market
Lack of Awareness is a Crucial Concern for Market Growth
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The table below shows the estimated growth rates of several countries in the global fiber sorter market. India, China, and Turkiye are set to record high CAGRs of 5.9%, 3.7%, and 2.8% respectively, through 2034.
Countries | Projected Fiber Sorter Market CAGR (2024 to 2034) |
---|---|
India | 5.9% |
China | 3.7% |
Turkiye | 2.8% |
Mexico | 2.1% |
Canada | 1.7% |
The section below shows the food processing segment dominating based on application. It is forecast to thrive at 6.7% CAGR between 2024 and 2034.
Based on type, the laser segment is anticipated to hold a dominant share through 2034. It is set to exhibit a CAGR of 6.9% during the forecast period.
Top Segment (Application) | Food Processing |
---|---|
Predicted CAGR (2024 to 2034) | 6.7% |
Top Segment (Type) | Laser |
---|---|
Projected CAGR (2024 to 2034) | 6.9% |
The fiber sorter market is fairly consolidated, with leading players accounting for about 60% to 65% share. Valvan NV, Textile Industries Media Group, Jingwei Textile Machinery Co., Ltd, Suzhou Deedo Machinery Co., Ltd, ALLGAIER WERKE GmbH, AsmSrl, Binder+Co, Bühler AG, A/S Cimbria, CP Manufacturing, Inc., EMS Turnkey Waste Recycling Solutions, Fowler Westrup, Key Technology, NATIONAL RECOVERY TECHNOLOGIES, LLC., Newtec A/S, and TOMRA Systems ASA are the leading manufacturers and suppliers of fiber sorter market listed in the report.
Key companies operating in the global fiber sorting machine market are focusing on launching state-of-the-art products to attract more customers. They are mainly using machine learning and artificial intelligence (AI) in their sorters to introduce innovative features and gain momentum in the market.
Recent Developments in the Fiber Sorter Market
Attribute | Details |
---|---|
Estimated Fiber Sorter Market Size (2024) | USD 2,914.6 million |
Projected Fiber Sorter Market Size (2034) | USD 5,369.2 million |
Anticipated Growth Rate (2024 to 2034) | 6.3% CAGR |
Historical Data | 2019 to 2023 |
Forecast Period | 2024 to 2034 |
Quantitative Units | Value (USD million) and Volume (tons) |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Fiber Sorter Market Segments Covered | Type, Platform, Application, Region |
Key Countries Covered | North America; Latin America; Western Europe; Eastern Europe; East Asia; South Asia Pacific; Middle East & Africa |
Key Companies Profiled | Valvan nv; Textile Industries Media Group, LLC; Jingwei Textile Machinery Co., Ltd.; Suzhou Deedo Machinery Co., Ltd; Zhengzhou Textile Machinery; ALLGAIER WERKE GmbH; AsmSrl; Binder+Co; Bühler AG; A/S Cimbria; CP Manufacturing Inc.; EMS Turnkey Waste Recycling Solutions; Fowler Westrup; Key Technology; NATIONAL RECOVERY TECHNOLOGIES, LLC; Newtec A/S; TOMRA Systems ASA |
The global fiber sorter industry was valued at USD 2,824.2 million in 2023.
The fiber sorter industry value is set to reach USD 2,914.6 million in 2024.
Global fiber sorter demand is anticipated to rise at 6.3% CAGR.
The fiber sorter industry size is set to reach USD 5,369.2 million by 2034.
Food processing is expected to lead the market during the forecast period.
The laser segment is expected to dominate the fiber sorter industry.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 4.1. Camera 4.2. Laser 4.3. NIR 4.4. Hyperspectral Cameras and Combined Sorter 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Platform 5.1. Belt Sorter 5.2. Free-fall 5.3. Lane 5.4. Hybrid 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Food Processing 6.2. Recycling 6.3. Mining 6.4. Textile 6.5. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. East Asia 7.6. South Asia & Pacific 7.7. Middle East & Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Valvan nv 17.2. Textile Industries Media Group, LLC. 17.3. Jingwei Textile Machinery Co., Ltd. 17.4. Suzhou Deedo Machinery Co., Ltd 17.5. Zhengzhou Textile Machinery 17.6. ALLGAIER WERKE GmbH 17.7. AsmSrl 17.8. Binder+Co 17.9. Bühler AG 17.10. A/S Cimbria 17.11. CP Manufacturing Inc. 17.12. EMS Turnkey Waste Recycling Solutions 17.13. Fowler Westrup 17.14. Key Technology 17.15. NATIONAL RECOVERY TECHNOLOGIES, LLC 17.16. Newtec A/S 17.17. TOMRA Systems ASA 18. Assumptions & Acronyms Used 19. Research Methodology
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