The global Sorting Equipment Market totaled USD 3.9 billion in 2022 and is projected to create an incremental opportunity of USD 4.16 billion by the end of 2023. The demand for sorting equipment in the global market is estimated to reach USD 8.9 billion by 2033, expanding at a CAGR of 7.9% during the forecast period 2023 to 2033.
The use of sorting equipment is common in many industries, including agriculture, logistics, recycling, mining, and food processing. Increasing volumes and improved productivity are directly impacted by the growth and modernization of these industries.
Businesses seeking flexible solutions can benefit from sorting equipment that provides customization and adaptability.
Since e-commerce has grown in popularity, product, and package sorting has become more accurate and efficient. As a crucial part of ensuring that orders are filled in a timely and accurate manner, sorting equipment plays an important role in the market.
In emerging markets, companies that adopt sorting equipment may be able to grow as they modernize and enhance their operations
Report Attributes | Details |
---|---|
Sorting Equipment Market Value (2022) | USD 3.9 Billion |
Sorting Equipment Market Estimated Value (2023) | USD 4.16 Billion |
Sorting Equipment Market Anticipated Value (2033) | USD 8.9 Billion |
Sorting Equipment Market Projected Growth Rate (2023 to 2033) | 7.9% CAGR |
Sorting equipment are industrial machinery used for separating goods and arranging them in a systematic way and grouping them together. These equipment are designed to make sorting applications easier and segregate them on the basis of structural properties, color, weight, size, chemical composition, shape, and other parameters in an automated manner.
The adoption of sorting equipment can be increased through education, industry events, and case studies. Business operations can be improved by using sorting equipment reducing labor costs, minimizing errors, and increasing throughput. Companies may invest in sorting solutions to improve operational efficiency and reduce costs.
When investing in sorting equipment, businesses evaluate the potential return on investment. Growing companies are likely to pursue sorting solutions that provide significant ROI by reducing labor costs, improving efficiency, and improving accuracy.
This is why sorting equipment is becoming increasingly popular across a variety of industries, including food & beverage, chemicals, plastics, and packaging.
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Automation and robotics will continue to make sorting equipment even more reliable. In various industries, such as manufacturing, logistics, and agriculture, advanced robotic arms, drones, and autonomous vehicles may be used to sort items. Automated sorting equipment might become a more cost-effective alternative to manual sorting in areas where labor costs are increasing.
Machine learning and AI algorithms will continue to be used to improve sorting equipment's capabilities. In addition to reducing errors and optimizing sorting procedures, these technologies can help recognize and categorize items more quickly and precisely in the market.
In the future, sorting equipment will be heavily reliant on the Internet of Things (IoT). Connected devices and sensors could provide real-time data about items being sorted, allowing sorting to be more dynamic and adaptive in the environment.
To better analyze and categorize irregularly shaped objects, three-dimensional scanning and imaging technology could be integrated into sorting equipment.
Due to the growing prevalence of numerous diseases such as chronic disorders, infectious diseases, and others along with the breakout of novel diseases such as Covid-19, Ebola virus, and others, the pharmaceutical industry is experiencing immense growth.
Also, several industry players across the globe are focusing on launching novel drugs and expanding production capacity to address the growing therapeutics drug demand.
For instance, in 2021, Glenmark Life Science, a leading manufacturer of drugs in India announced investing around USD 78.7 million for doubling its drug production capacity over the next four years.
As sorting equipment is extensively used for sorting tablets and capsules according to their size, weight, and shape to maintain accuracy and quality in production, such developments are anticipated to bolster the demand in the global market.
With advanced sensors, computer vision, machine learning, and automation, sorting processes can be significantly enhanced to increase their efficiency, accuracy, and speed. Market growth can be driven by new and improved technologies as companies upgrade their systems in order to achieve a higher degree of efficiency.
As global supply chains become more complex, the sorting and distribution processes are expected to become more efficient in the future. By using sorting equipment, companies can simplify these processes, enhancing their supply chain management and optimization.
Recyclers and waste management companies seek more efficient sorting methods to reduce waste, increase recycling rates, and encourage sustainable practices as environmental awareness grows.
One of the leading factors responsible for hindering the demand for sorting equipment is the extravagant cost of this machinery. Moreover, the additional cost of a number of extra parts, the high cost of installation & maintenance, and less adoption rate of this equipment by small & medium-sized enterprises are further restraining the sales of sorting equipment in the global market.
Asia Pacific excluding Japan is projected to dominate the sorting equipment market between 2023 and 2033, reveals FMI. Constantly increasing costs of labor are compelling several sectors to adopt innovative systems to perform critical and time-consuming tasks.
The growing trend of industrial 4.0 and an increasing number of government initiatives for industrial process automation is further creating huge growth prospects for the sorting equipment market across the Asia Pacific excluding Japan.
Also, increasing production and product management activities across rapidly expanding fast-moving consumer goods (FMCG) and food & beverage industries is rising the adoption of sorting equipment for declining operational times and increasing productivity. This is estimated to propel the demand for sorting equipment in the market.
Eastern Europe is anticipated to account for a significant share of the global sorting equipment market during the forecast period 2023 to 2033. As food and dietary supplement demand rise, sorters contribute to market growth by reducing delivery cycles and production times.
The sorting equipment is substituting manual sorting processes across diverse industries, due to the shortage of labor, rising labor costs, and surging adoption of high-quality systems, thereby creating strong demand for these equipment. Hence, prominent players are focusing on introducing new products to cater to this surging demand.
For instance, in 2021, BoMill, a Swedish manufacturer of industrial equipment announced its plan of launching novel high-capacity sorting equipment with advanced near-infrared technology, capable of sorting up to 15 tons of grains per hour in 2022. A slew of such new product launches is expected to favor the growth in the Eastern Europe market.
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Agricultural, recycling, food processing, and mining industries commonly use optical sorters. Sorting technology can provide efficiency, accuracy, and cost savings to industries that use optical sorters.
With the advancement of technologies and the quest for higher productivity, optical sorting solutions may become more popular in the future.
With businesses looking to streamline processes and make quality control easier, optical sorters can help streamline sorting and quality control tasks. A growing number of industries will recognize the benefits of automation, which could increase demand.
A growing awareness of environmental issues can drive the need for optical sorters in sectors like recycling and waste management, as these devices help achieve higher recycling rates and reduce waste.
Optics sorting solutions will also determine demand depending on their cost-effectiveness as compared with manual sorting or other automated methods. A strong return on investment is likely to increase demand for optical sorters by making them cost-effective for businesses.
With the increasing number of food industries in various regions, sorting equipment has become increasingly popular. In order to ensure the safe production and processing of food, various companies are identifying defective products and removing them from production.
Therefore, companies focus on providing consumers with high-quality, safe products in the market.
Food safety and quality standards are strictly enforced in many countries. In order to comply with these standards and avoid potential recalls or legal problems, manufacturers rely on sorting equipment. Over the past few years, consumers have become increasingly conscious of the quality and safety of the foods they consume on a daily basis.
To maximize efficiency and productivity, companies use sorting equipment to automate the inspection and sorting of food products. These factors are pushing food manufacturers to invest in technology that ensures consistency among their products.
The use of sorting equipment enables food waste to be reduced by accurately identifying defects and removing products that are substandard. In addition to fresh produce, grains and nuts, confectionery, dairy, seafood, and other food sectors, sorting equipment is widely used across many industries. Due to its broad applicability, the demand for this product is steadily increasing.
Some of the leading players in the sorting equipment market are BarcoVision, Satake USA, TaiHo, MSS, Pellenc, Sesotec, Tomra, Greefa, Raytec Vision, Concept Engineers, Key Technology, Meyer, Aweta, B uhler Sortex, Daewon GSE, CP Manufacturing, MSS, Inc., BoMill, and others.
Key players are focusing on research and development activities to introduce novel equipment for enhancing their product portfolio to gain an edge in the highly competitive market.
Attribute | Details |
---|---|
Market Size Value in 2023 | USD 4.16 billion |
Market Forecast Value in 2033 | USD 8.9 billion |
Global Growth Rate | 7.9% CAGR |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | MT for Volume and USD million for Value |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; Middle East & Africa |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, Czech, Republic, Romania, China, Japan, South Korea, India, Bangladesh, Australia, New Zealand, GCC countries, South Africa, Israel |
Kay Segments Covered | Product Type, End Users, Region |
Key Companies Profiles | BarcoVision; Satake USA,; TaiHo; MSS; Pellenc; Sesotec; Tomra; Greefa; Raytec Vision; Concept Engineers; Key Technology; Meyer; Aweta; B uhler Sortex; Daewon GSE; CP Manufacturing; MSS, Inc.; BoMill; Others |
Customization & Pricing | Available Upon Request |
The United States, the United Kingdom, China, and India are leading the market.
The food industry holds high revenue potential.
The global market is estimated to capture a valuation of USD 4.16 million in 2023.
The market is forecast to exhibit a CAGR of 7.9% through 2033.
The market recorded a CAGR of 4.9% between 2018 and 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Freefall Sorter 5.2. Channel Sorter 5.3. Automated Defect Removal (ADR) 5.4. Belt Sorters 5.5. Optical Sorter 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Chemical Industry 6.2. Food Industry 6.3. Pharmaceutical Industry 6.4. Plastic Industry 6.5. Wood Industry 6.6. Agriculture Industry 6.7. Packaging Industry 6.8. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. BarcoVision 17.2. Satake USA 17.3. TaiHo 17.4. MSS 17.5. Pellenc 17.6. Sesotec 17.7. Tomra 17.8. Greefa 17.9. Raytec Vision 17.10. Concept Engineers 17.11. Key Technology 17.12. Meyer 17.13. Aweta 17.14. Bühler Sortex 17.15. Daewon GSE 17.16. CP Manufacturing 17.17. MSS, Inc. 17.18. BoMill 18. Assumptions & Acronyms Used 19. Research Methodology
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