Waste Sorting Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Waste Sorting Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Waste Sorting Equipment Market
The waste sorting equipment market size was valued at USD 733.30 million in 2019, and the market is now projected to grow from USD 733.30 million in 2019 to USD 3326.2 million by 2032, exhibiting a CAGR of 11.4% during the forecast period of 2019-2032.
Pandemic has led to transient halts in recyclable material collection to prevent employee interaction. Some states, like Michigan and South Carolina, have redirected waste to landfills. UK recycling centers have closed and reduced bin collection services. However, in some nations, the recycling sector is taken into consideration vital and secure work practices are being accompanied. Companies are introducing automation to limit guide sorters and better address the pandemic.
The waste sorting equipment market growth is possibly to see a surge in automation due to labor and raw material shortages, leading to advanced separation of bins, metals, glass, and plastics based totally on shape length and ballistic houses. This has led to excessive product penetration and decreased the need for guide sorters. The stepped forward separation and screening techniques have expanded material purity and decreased the need for manual sorters. Manufacturers are providing various automation solution to fulfill this demand, as operators have visible a 50% decrease in manual sorters during the last years.
Manufacturers are integrating digital answers like 101 and Big Data into their merchandise to enhance manufacturing efficiency. They are developing sorting machines with advanced circuit length, walking fame, and identification processes, aiming to decorate sorting accuracy and management selection-making capabilities.
Comprehensive Analysis of Waste Sorting Equipment Market
The waste management market is divided into metal, plastic, cardboard, and paper, with waste composition varying across countries. High-income countries generate less food and organic waste compared to dry waste like plastic, cardboard, metals, and paper. Cardboard and paper waste contribute to waste generation due to increasing demand from various industries. Plastic waste era has elevated due to increased call for from meals packaging, purchaser goods, semiconductors, healthcare gadgets, and merchandise. Europe has seen a 79% growth in plastic waste collection and recycling due to landfill bans and high recycling costs. The increasing industrialization in developing economies is also driving the generation of metal scrap, driving product adoption. The market is classified into Industrial and Municipal, with urbanization in developing economies resulting in high demand for municipal waste management. The surge in industrial waste from construction, manufacturing, and textile sectors is driving market growth.
The Europe region lead the waste sorting equipment market share by benefitting a market size of USD 312.5 billion in 2019 due to strict government guidelines and improved recycling quotes, contributing to the highest marketplace revenue. The country also has a high waste collection charge of around 90%.
Steinert and TOMRA are leading international players within the waste control enterprise, focusing on developing products that meet stringent sorting necessities. They are incorporating advanced technologies to create excessive-efficiency products. Key groups profiled encompass Steinert GmbH in Germany, TOMRA in Norway, Mss in the USA, Green Machine in the USA, Beston Machinery in China, CP Manufacturing inside the USA, Kingtiger Environmental Technology in China, REDWAVE in Austria, Buhler Group in Switzerland, and Coparm Srl in Italy.
TOMRA Sorting Recycling introduced its INNOSORT FLAKE at Plastic Recycling display Europe in March 2019, a flake sorting device that makes use of NIR technology for material and coloration sorting, providing high accuracy for various packages.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD million)
SegmentationBy Material Type
Metal
Plastic
Cardboard & Paper
Others (Organic waste, Glass, Wood and etc.)
By Application
Municipal
Industrial
By Region
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)
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Table of Contents
120 Pages
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints and Opportunities
- 3.2. Emerging Trends
- 4. Key Insights
- 4.1. Macro and Micro Economic Indicators
- 4.2. Price Trend Analysis
- 4.3. Porter’s Five Forces Analysis
- 4.4. Impact of Covid-19 on the Global Waste Sorting Equipment Market
- 5. Global Waste Sorting Equipment Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecasts
- 5.2.1. By Material Type
- 5.2.1.1. Metal
- 5.2.1.2. Plastic
- 5.2.1.3. Cardboard & Paper
- 5.2.1.4. Others (Organic waste, Glass, Wood and etc.)
- 5.2.2. By Application
- 5.2.2.1. Municipal
- 5.2.2.2. Industrial
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. Rest of the World
- 6. North America Waste Sorting Equipment Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecasts
- 6.2.1. By Material Type
- 6.2.1.1. Metal
- 6.2.1.2. Plastic
- 6.2.1.3. Cardboard & Paper
- 6.2.1.4. Others (Organic waste, Glass, Wood and etc.)
- 6.2.2. By Application
- 6.2.2.1. Municipal
- 6.2.2.2. Industrial
- 6.2.3. By Country
- 6.2.3.1. U.S.
- 6.2.3.2. Canada
- 7. Europe Waste Sorting Equipment Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecasts
- 7.2.1. By Material Type
- 7.2.1.1. Metal
- 7.2.1.2. Plastic
- 7.2.1.3. Cardboard & Paper
- 7.2.1.4. Others (Organic waste, Glass, Wood and etc.)
- 7.2.2. By Application
- 7.2.2.1. Municipal
- 7.2.2.2. Industrial
- 7.2.3. By Country
- 7.2.3.1. Germany
- 7.2.3.2. U.K.
- 7.2.3.3. France
- 7.2.3.4. Rest of Europe
- 8. Asia Pacific Waste Sorting Equipment Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecasts
- 8.2.1. By Material Type
- 8.2.1.1. Metal
- 8.2.1.2. Plastic
- 8.2.1.3. Cardboard & Paper
- 8.2.1.4. Others (Organic waste, Glass, Wood and etc.)
- 8.2.2. By Application
- 8.2.2.1. Municipal
- 8.2.2.2. Industrial
- 8.2.3. By Country
- 8.2.3.1. India
- 8.2.3.2. China
- 8.2.3.3. Japan
- 8.2.3.4. Rest of Asia Pacific
- 9. Middle East & Africa Waste Sorting Equipment Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecasts
- 9.2.1. By Material Type
- 9.2.1.1. Metal
- 9.2.1.2. Plastic
- 9.2.1.3. Cardboard & Paper
- 9.2.1.4. Others (Organic waste, Glass, Wood and etc.)
- 9.2.2. By Application
- 9.2.2.1. Municipal
- 9.2.2.2. Industrial
- 9.2.3. By Country
- 9.2.3.1. South Africa
- 9.2.3.2. GCC
- 9.2.3.3. Rest of MEA
- 10. Latin America Waste Sorting Equipment Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecasts
- 10.2.1. By Material Type
- 10.2.1.1. Metal
- 10.2.1.2. Plastic
- 10.2.1.3. Cardboard & Paper
- 10.2.1.4. Others (Organic waste, Glass, Wood and etc.)
- 10.2.2. By Application
- 10.2.2.1. Municipal
- 10.2.2.2. Industrial
- 10.2.3. By Country
- 10.2.3.1. Brazil
- 10.2.3.2. Mexico
- 10.2.3.3. Rest of Latin America
- 11. Competition Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Key Recent Mergers & Acquisitions and Expansion Plans
- 12. Global Waste Sorting Equipment Market Revenue Share Analysis, 2019
- 13. Company Profile (Provided for Top 10 Players)
- 13.1. STEINERT GmbH
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Product Portfolio
- 13.1.4. Financials (Data as available in public domain and/or on paid databases)
- 13.2. TOMRA
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Product Portfolio
- 13.2.4. Financials (Data as available in public domain and/or on paid databases)
- 13.3. MSS, Inc
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Product Portfolio
- 13.3.4. Financials (Data as available in public domain and/or on paid databases)
- 13.4. Green Machine
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Product Portfolio
- 13.4.4. Financials (Data as available in public domain and/or on paid databases)
- 13.5. Beston (Henan) Machinery Co., Ltd.
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Product Portfolio
- 13.5.4. Financials (Data as available in public domain and/or on paid databases)
- 13.6. CP Manufacturing, Inc.
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Product Portfolio
- 13.6.4. Financials (Data as available in public domain and/or on paid databases)
- 13.7. Kingtiger (Shanghai) Environmental Technology Co., Ltd.
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Product Portfolio
- 13.7.4. Financials (Data as available in public domain and/or on paid databases)
- 13.8. REDWAVE (Parent: BT-Wolfgang Binder GmbH)
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Product Portfolio
- 13.8.4. Financials (Data as available in public domain and/or on paid databases)
- 13.9. Buhler Group
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Product Portfolio
- 13.9.4. Financials (Data as available in public domain and/or on paid databases)
- 13.10. Coparm Srl
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Product Portfolio
- 13.10.4. Financials (Data as available in public domain and/or on paid databases)
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