Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Numerous food safety, legislation and controls are being implemented to control chemical and microbiological hazards in order to reduce risks to consumer health. A number of federal regulators are developing a food protection policy that will help in the traceability of food products at many stages, including processing, production and distribution. This helps companies involved in the manufacture of food products to set up a control and monitoring unit for the management of the quality of food ingredients. The optical sorting technology, when implemented, would enable food producers to improve the productivity of the business process and separate the inferior-quality materials.
Increasing automation of industries in order to improve efficiency and the increasing need to minimize delivery and processing time in the food industry are the key drivers for the global optical sorter market. In addition, strict government legislation and policies on food security and rising labor costs are substantially improving the market. However, high capital investment and consistently rising operating and maintenance costs are major restrictions on the global optical sorter market.
Covid19, drastically affects the world supply chain and industrial sector growth. At the initial stages of the pandemic, the world experienced, ‘supply shocks’. China who plays a major role in the world’s supply chain was severely affected. There were disruptions to the availability of goods supplied from China. Supply of both finished and unfinished goods reduced. Day by day as the situation worsened, quarantines, social distance practices were imposed and nations have begun instituting lockdowns. Following this, the supply chains experienced demand shocks. The shutdown of economic activities affected all the sectors. The food and mining industry’s sluggish growth, in turn, affected the Optical Sorter market. Major customers of optical sorter belong to the food and recycling industries.
The report analyses the optical sorter market based on type, platform, application, and geography.
By type, the global optical sorter market is segmented into cameras, lasers, NIR sorters, and hyper spectral cameras & combined sorters. Cameras are projected to hold the largest share of the optical sorter market in the forecast period. Camera-based optical sorters are more accurate and can spot minute defects in products; thus, these optical sorters are chosen for different applications. Cameras are commonly used in food sorting applications for the sorting of vegetables and berries, dried fruits and nuts, and cereals, grains and pulses.
By business platform, the global optical sorter market is segmented into belt, freefall, lane, and hybrid. Among these, the belt platform is projected to grow in the forecast period. In various applications such as food, recycling, and mining, belt sorting devices are widely used as they provide higher sorting accuracy and a low carryover ratio. Belt sorting equipment provides high-performance capabilities for fresh, frozen and dried vegetables.
The global optical sorter by application is classified into food, recycling, mining and other. Food application is anticipated to hold the largest share of the optical sorter market during the forecast period. The increasing acceptance of automatic equipment in the food industry is a key driver of the demand for optical sorters, as optical sorters provide benefits such as enhanced food safety, improved food quality, shorter delivery cycles, and increased performance.
Geographically, the optical sorter market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa. Asia pacific is expected to the growing region in the forecast period. Owing to the increasing adoption of intelligent solutions and rapid growth in digitalization. The integration of AI technologies into the equipment provides companies with features such as advanced analytics, tracking and process automation. Manufacturers in this region are involved in the development of AI-based sorting technologies to provide reliable and intelligent solutions for manufacturing operations and processes.
Some of the major players operating in this market include National Recovery Technologies (US), TOMRA (Norway), Buhler (Switzerland), Binder+Co (Austria), Satake Corporation (Japan), Allgaier Werke (Germany), Hefei Meyer Optoelectrionic Technology (China), Daewon GSI (South Korea), Cimbria (Denmark), TAIHO (China), CP Global (US), Key Technology (US), GREEFA (Netherlands), and NEWTEC (Denmark)
The report analyses the optical sorter market based on type, platform, application, and geography. Optical Sorter type include cameras, lasers, NIR sorters, and hyper spectral cameras & combined sorters. The major platform of the market includes belt, freefall, lane, and hybrid. Optical Sorter application includes food, recycling, mining and other.
Some of the major players operating in the market include TOMRA, Buhler, Binder+Co, Satake Corporation, Allgaier Werke, Hefei Meyer Optoelectrionic Technology, Daewon GSI among others.
Geographically, the optical sorter market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which include Latin America, and Middle East & Africa.
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