Optical Sorter Market Size

Optical Sorter Market Size

Optical Sorter Market size surpassed USD 1.5 billion in 2017 and is poised to grow at a CAGR of around 9% between 2018 and 2024. Growing need to reduce the process and delivery time coupled with stringent government regulations in the food sector will drive the market demand.

Several food safety systems, legislation, and controls are being developed for controlling the microbiological and chemical hazards to reduce the risks to consumers’ health. Several government regulatory bodies are establishing a food safety strategy that will help in the traceability of food items at several stages including processing, production, and distribution. This is helping the companies involved in the production of food products to implement the control and monitoring unit for the management of the food ingredient quality. The optical sorting technology when implemented will allow the food manufacturers to enhance the productivity of the business operation and separate the inferior-quality materials.

The optical sorter recycling technology helps in automatically identifying and sorting most recyclables thereby offering clean commodity recovery, increasing throughput, and reducing labor costs. Rising awareness about the recovery of the industrial waste to ensure high productivity and environmental safety is driving adoption of the technology in waste recycling plants.

Several industries are engaged in collecting, managing, and processing their industrial wastes to gain the maximum usage of the material and the resources. Companies are establishing separate recycling plants where the process of recovering the hazardous materials and elements is being witnessed, owing to which manufacturers are developing advanced solutions to provide effective and reliable technologies for supporting the recycling operations. These factors are anticipated to positively impact the optical sorter market revenue.