Optical Sorter Market 2022 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

Optical sorter, also known as a sorting machine, involves a set of automated dedicated systems that focus on automating the process of sorting solid products, using cameras or laser beams. It recognizes objects' color, size, shape, structural properties, and chemical composition. It is used to sort various food commodities such as coffee, confectionery, fruit, agricultural seeds, grains nut, meat and seafood; recycling material such as organic waste, metal, plastic, paper; mining material such as industrial minerals and precious metals. The primary advantages offered by optical sorters include reduction of labor costs, enhanced productivity, and production of high-quality commodities. Optical Sorter report by xResearch provides market analysis of this industry including market drivers, key players, industry structure and dynamics, business strategies for success, and threats or opportunities.

KEY FINDINGS FROM REPORT

·        The global optical sorter market is anticipated to reach USD 5,234.2 million by 2030 from USD 2,621.8 million in 2021, at a CAGR of 10.2% during the forecast period.

·        The major factors contributing to the growth of the market include the growing adoption of optical sorters in the food industry for food processing activities and for reducing process & delivery time, the burgeoning need to reduce the delivery & processing time, the rapidly expanding food industry, surging wages of the manual workforce in several countries globally, and rising focus on automation to enhance productivity in various end-user industries.

·        Based on type, the global optical sorter market is segmented into cameras, lasers, NIR, hyperspectral cameras & combined sorters, and others. The cameras segment is predicted to lead the market during the forecast period of 2022-2030. On the other hand, the hyperspectral cameras & combined sorters segment is predicted to attain the highest CAGR in the market during the forecast period.

·        On the basis of platform, the global optical sorter market is segmented into free fall, lane, belt, and hybrid. The belt segment is positioned to obtain the highest growth in the market over the forecast period.

·        Based on application, the global optical sorter market is segmented into food, recycling, mining, and others. The food segment is estimated to garner the largest share of the market during the forecast period.

·        The Asia Pacific region is expected to showcase highest growth in regional market for optical sorter during the forecast period.

·        The presence of developing & highly populated countries like China and India, and high optical sorter manufacturing countries like Japan coupled with the higher per capita disposable income of people in the region are the key factors driving market growth in this region.

·        In 2021, North America captured first position in the optical sorter market. This can be attributed to the early adoption of automation, presence of various leading market players, the ever-increasing population base, and the existence of strict regulations regarding food safety in the region. North America was followed by Europe, Asia Pacific, Latin America, and the Middle East & Africa.

KEY MARKET INDICATORS

·        The leading market vendors in the optical sorters market are seen to be actively engaging themselves in developing new optical sorters with improved software, sensing technology, lenses, and cameras that better understand parts of processing processes and are quicker and better at picking & recovering materials.

·        For instance, in June 2021, Satake introduced the "NIRAMI series", which has been designed to efficiently sort grains, seeds, and pulses, among other products. The continuous development and launching of such enhanced products are expected to significantly aid in the expansion of the global optical sorter market in the next few years.

·        Moreover, in the recent years, the government and related regulatory bodies across various regions around the globe have been rolling out initiatives for maintaining strict standards for food quality. The number of stringent government regulations and policies regarding food security has also risen. Few key areas of regulations include packaging, residues of pesticides, food fortification, advertising and claims, tolerance limits of antibiotics, pharmacologically active substances, etc. Optical sorters sort out the products based on color, shape, size, and chemical composition that do not match with the standards set in the database. Thus, the increasing implementation of these regulations and the rolling out of initiatives by governments and regulatory bodies are anticipated to bolster the demand for optical sorters, and in turn fuel their global market in the upcoming years.