The Europe Optical Sorter Market is expected to witness market growth of 8.9% CAGR during the forecast period (2021 2027).
To limit the dangers to customers' health, numerous food safety systems, laws, and policies are being developed to control microbiological and chemical threats. Several government regulatory authorities are working to develop a food safety policy that will aid in food traceability at several phases, including production, processing, and distribution. This aids enterprise engaged in the production of food items in putting in place a tracking and management unit for managing the quality of food ingredients. When applied, optical sorting technology allows food manufacturers to increase business productivity while also separating inferior-quality ingredients.
A rising emphasis on automation in order to increase the productivity in multiple industries, increasing incorporation in the food manufacturing for food processing operations and for lowering process and delivery time, increase in income of the manual labor in various countries, coupled with stringent regulations by the government regarding food safety are all driving factors in the market.
In response to growing demand in the mining industry, which has fueled the growth in the upper European region and the Russian economy, the regional market is expected to witness strong growth. In addition, according to the European Commission, in terms of jobs and value-added, the food and beverage industry is the largest manufacturing sector in the EU. In commerce with non-EU countries, it's also a plus. The EU has a significant trade surplus in food, and EU culinary specialties are well-liked around the world. EU food and drink exports have risen in the last decade, reaching over €90 billion thus contributing to an over €30 billion positive balance.
The EU's food regulation is largely harmonized, and the industry benefits greatly from the EU Single Market's potential. At the same time, the sector is confronted with a number of issues in both the international as well as European markets. The European Commission is striving to strengthen the EU food sector's competitiveness and the Single Market for Food's functionality.
The Germany market dominated the Europe Optical Sorter Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $253 million by 2027. The UK market is estimated to grow at a CAGR of 8% during (2021 - 2027). Additionally, The France market is expected to witness a CAGR of 9.6% during (2021 - 2027)
Based on Application, the market is segmented into Food, Recycling, and Mining. Based on Platform, the market is segmented into Belt, Lane, Hybrid, and Freefall. Based on Type, the market is segmented into Cameras, Lasers, Hyperspectral cameras & Combined Sorters, NIR (near-infrared) and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Buhler Group, Tomra Systems ASA, Hefei Meyer Optoelectronic Technology, Inc., Allgaier Werke GmbH, Key Technology, Inc. (Duravant LLC), Hefei Taihe Intelligent Technology Group Co., Ltd., STEINERT GmbH, Sesotec GmbH, CP Global, and Satake USA, Inc. (Satake Corporation)
To limit the dangers to customers' health, numerous food safety systems, laws, and policies are being developed to control microbiological and chemical threats. Several government regulatory authorities are working to develop a food safety policy that will aid in food traceability at several phases, including production, processing, and distribution. This aids enterprise engaged in the production of food items in putting in place a tracking and management unit for managing the quality of food ingredients. When applied, optical sorting technology allows food manufacturers to increase business productivity while also separating inferior-quality ingredients.
A rising emphasis on automation in order to increase the productivity in multiple industries, increasing incorporation in the food manufacturing for food processing operations and for lowering process and delivery time, increase in income of the manual labor in various countries, coupled with stringent regulations by the government regarding food safety are all driving factors in the market.
In response to growing demand in the mining industry, which has fueled the growth in the upper European region and the Russian economy, the regional market is expected to witness strong growth. In addition, according to the European Commission, in terms of jobs and value-added, the food and beverage industry is the largest manufacturing sector in the EU. In commerce with non-EU countries, it's also a plus. The EU has a significant trade surplus in food, and EU culinary specialties are well-liked around the world. EU food and drink exports have risen in the last decade, reaching over €90 billion thus contributing to an over €30 billion positive balance.
The EU's food regulation is largely harmonized, and the industry benefits greatly from the EU Single Market's potential. At the same time, the sector is confronted with a number of issues in both the international as well as European markets. The European Commission is striving to strengthen the EU food sector's competitiveness and the Single Market for Food's functionality.
The Germany market dominated the Europe Optical Sorter Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $253 million by 2027. The UK market is estimated to grow at a CAGR of 8% during (2021 - 2027). Additionally, The France market is expected to witness a CAGR of 9.6% during (2021 - 2027)
Based on Application, the market is segmented into Food, Recycling, and Mining. Based on Platform, the market is segmented into Belt, Lane, Hybrid, and Freefall. Based on Type, the market is segmented into Cameras, Lasers, Hyperspectral cameras & Combined Sorters, NIR (near-infrared) and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Buhler Group, Tomra Systems ASA, Hefei Meyer Optoelectronic Technology, Inc., Allgaier Werke GmbH, Key Technology, Inc. (Duravant LLC), Hefei Taihe Intelligent Technology Group Co., Ltd., STEINERT GmbH, Sesotec GmbH, CP Global, and Satake USA, Inc. (Satake Corporation)
Scope of the Study
Market Segments Covered in the Report:
By Application
- Food,
- Recycling, and
- Mining
By Platform
- Belt
- Lane
- Hybrid, and
- Freefall
By Type
- Cameras
- Lasers
- Hyperspectral cameras & Combined Sorters
- NIR (near-infrared) and
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
Companies Profiled
- Buhler Group
- Tomra Systems ASA
- Hefei Meyer Optoelectronic Technology, Inc.
- Allgaier Werke GmbH
- Key Technology, Inc. (Duravant LLC)
- Hefei Taihe Intelligent Technology Group Co., Ltd.
- STEINERT GmbH
- Sesotec GmbH
- CP Global
- Satake USA, Inc. (Satake Corporation
Unique Offerings from the publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Europe Optical Sorter Market by Application
Chapter 4. Europe Optical Sorter Market by Platform
Chapter 5. Europe Optical Sorter Market by Type
Chapter 6. Europe Optical Sorter Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Buhler Group
- Tomra Systems ASA
- Hefei Meyer Optoelectronic Technology, Inc.
- Allgaier Werke GmbH
- Key Technology, Inc. (Duravant LLC)
- Hefei Taihe Intelligent Technology Group Co., Ltd.
- STEINERT GmbH
- Sesotec GmbH
- CP Global
- Satake USA, Inc. (Satake Corporation)
Methodology
LOADING...
