Waste Sorting Equipment Market Size to Reach $1,846.0 Mn by 2027; Launch of UniSort PR EVO 5.0 by Steinert to Strengthen Market Standpoint

The global waste sorting equipment market size is expected to reach USD 1,846.0 million by 2027. The evolution in the recycling industry and waste management methods will consequently aid the growth of the market during the forecast period, mentioned in a report, titled “Waste Sorting Equipment Market Size, Share & Industry Analysis, By Material Type (Metal, Plastic, Cardboard & Paper, Others), By Application (Municipal and Industrial) and Regional Forecast, 2020-2027” the market size stood at 733.3 million in 2019 and is predicted to exhibit a CAGR of 12.4% between 2020 to 2027.

STEINERT’s Magnesium Reduction Technologies to Aid Colossal Development

Steinert, a provider of waste, recycling, and mining solutions announced that its XSS T x-ray transmission sorting systems can be used in the technical application of diminishing scrap aluminum. The x-ray sorters can now effectively sort heavy metals and high-alloy aluminum objects through its x-ray transmission technology. The advancement in Steinert’s x-ray sorters can be a vital factor in augmenting the growth of the market during the forecast period owing to the integration of aluminum scrap sorting systems to achieve usual grain sizes and process lines of 10 – 30 mm, 30 – 70 mm and 70 – 130 mm. Moreover, the STEINERT KSS FL XT with multi-sensor technology has enhanced abilities to sort, manage, and detect object qualities as well as intricate materials. The increasing processing of scrap aluminum in various plants will create lucrative opportunities for the market in the foreseeable future. In addition, the introduction of innovative metal sorters by prominent technology companies will enhance the potential of the market.

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Increasing Automation in Recycling Procedures to Stimulate Business Growth

The rising demand for automation in waste management has led to the expansion of the market owing to the enhanced technologies for the separation of containers, metals, glass, and plastics based products. The improvement in recycling processes due to the shift from manual sorting to automated sorting will significantly promote the growth of the market in the forthcoming years. For instance, the recycling area sales manager of TOMRA Sorting and Recycling West North America stated that the Material Recovery Facility operators have witnessed more than 50% decrease in manual sorters over the past years through up-gradation of front-end and back-end as well as leveraging systems-thinking approach to the entire circuit. Similarly, the reduction in manual sorters has enabled an escalation in pure material procurement, which in turn, will stimulate the growth of the market. Furthermore, the introduction of automated solutions by major players in the market will support market development. For instance,  Tomra announced the launch of AUTOSORT LASER, which offers high safety; efficiency; and recovery in the processing of commercial and household waste.

Continuous Efforts by Key Players for Critically Advanced Products to Back Progression

The market is currently dominated by the presence of major leading players in the market focused on launching innovative products. Steinert and TOMRA are perpetually attempting to innovate products to meet the critical sorting regulations stated by the government in the waste management industry. For instance, in January 2020, Steinert launched UniSort PR EVO 5.0 the next generation UniSort PR with improved performance and easy maintenance. The rising adoption of marketing strategies by the key players such as product launches, partnerships, collaborations, and acquisitions to remain at the forefront among other competitors in the market. In addition, the robust implementation and sustenance of environmental policies by the authorities will have a positive influence on the industry and market players in the foreseeable future.

The Report Lists the Key Players in the Waste Sorting Equipment Market:

• 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)

Further Report Findings:

• Regional Analysis: Europe generated a revenue of USD 312.5 million in 2019 and is predicted to remain dominant during the forecast period owing to the strict environmental policies in numerous European countries. The existing players in the region will further aid the expansion of the market in Europe.
• Leading Segment: The plastic segment is predicted to account for the lion’s share during the forecast period owing to its application in food packaging, consumer goods, semiconductors, healthcare devices, and products

This Market is Segmented into: