Waste Sorting Equipment Market: Key Growth Drivers, Market Size, and Forecast to 2024

Investigate the Waste Sorting Equipment Market, focusing on key trends and growth opportunities with market forecasts through 2024, crucial for waste management professionals.

Mahesh October 17, 2024

4 minutes read

The Waste Sorting Equipment Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Waste Sorting Equipment Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

The global waste sorting equipment market size stood at USD 733.30 million in 2019 and is projected to reach USD 3,326.2 million by 2032, exhibiting a CAGR of 11.4% during the forecast period.

Recent industry developments are;

TOMRA Sorting Recycling launched its INNOSORT FLAKE at Plastic Recycling show Europe. This flake sorting equipment is focused on various applications including PET flakes, PE/PP flakes, PO flakes, and others. The INNOSORT Flake combines material and color sorting through NIR technology to provide high accuracy.
TOMRA Sorting and Recycling introduced GAIN a sorting technology, based on deep learning to increase the performance of its sensor-based sorting machines.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

STEINERT GmbH (Germany), TOMRA (Norway), MSS, Inc. (USA), Green Machine (USA), Beston (Henan) Machinery Co., Ltd. (China), CP Manufacturing, Inc. (USA), Kingtiger (Shanghai) Environmental Technology Co., Ltd. (China), REDWAVE (Parent: BT-Wolfgang Binder GmbH)(Austria), Buhler Group (Switzerland), Coparm Srl (Italy)

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Waste Sorting Equipment Market Segmentation:

By Material Type

Metal
Plastic
Cardboard & Paper
Others (Organic waste, Glass, Wood and etc.)

By Application

Municipal
Industrial

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Waste Sorting Equipment Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Waste Sorting Equipment Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

Drivers:
- Growing awareness of environmental sustainability and the need for effective waste management solutions driving demand for waste sorting equipment.
- Government regulations and initiatives promoting recycling and waste reduction initiatives, leading to increased investments in sorting technologies.
Restraints:
- High initial costs of advanced waste sorting systems may deter small municipalities and businesses from investing in such technologies.
- Challenges in integrating new sorting equipment with existing waste management infrastructure and systems.

Table of Contents:

Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
Executive Summary
Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
Key Insights
- Key Industry Developments – Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis

TOC Continued…!

Waste Sorting Equipment Market Regional Segmentation:

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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