Market Leader - Optical Sorter Market

 

The optical sorter market is valued at USD 2.0 billion in 2020 and is expected to reach USD 3.3 billion by 2025; it is expected to grow at a CAGR of 10.2% from 2020 to 2025. A few key factors driving the growth of this market are growing focus on automation to increase productivity, increasing need to reduce process and delivery time in the food industry, rising labor costs, and emerging stringent government regulations regarding food safety.

TOMRA (Norway), Buhler (Switzerland), Key Technology (US), Binder+Co (Austria), Satake Corporation (Japan), Allgaier Werke (Germany), Hefei Meyer Optoelectrionic Technology (China), TAIHO (China), Daewon GSI (South Korea), Cimbria (Denmark), CP Global (US), GREEFA (Netherlands), National Recovery Technologies (US), NEWTEC (Denmark), Pellenc ST (France), Raytec Vision (Italy), Sesotec (Germany), and STEINERT (Germany) few major players in the optical sorter market. Most of the leading companies have used product launches as key strategy to boost their revenues.

Top 2 Market Players:

TOMRA (Norway) designs, manufactures, and sells sensor-based solutions for optimal resource productivity within the various business streams to its customers across the globe. Through its Sorting Solutions segment, the company provides advanced optical sorting systems that deal with food, recycling, and mining. The company installed over 10,500 units of sorting equipment in more than 80 countries. The company delivers high-performance sorting and analytical solutions to its customers. The company has diversified sorting products, which are highly competitive in the market. Food sorting is the largest business stream within the SS business segment. The market is driven by stringent food safety and quality requirements and consumption of packaged and processed food products. TOMRA is continuously analyzing and evaluating the acquisition of strategic businesses or product lines with the potential to strengthen its industry position or to enhance their existing set of product offerings. The company is innovating its product portfolio and expanding its market through product launches to maintain its leading position in the optical sorter market. The company invested heavily in R&D, resulting in industry-leading innovations and a robust and growing patent portfolio that is focused on technologies as well as many emerging technologies and businesses.

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Buhler (Switzerland) develops and manufactures industrial process technologies and solutions for food, mobility, and communication markets across the globe. Buhler is one of the leading global suppliers of optical sorting solutions to the food and non-food processing industries. The company manufactures a wide variety of optical sorter equipment. Buhler Sortex is one of the most trusted brands in optical sorting and is recognized for technical excellence, product innovation, and engineering leadership. The company has installed over 25,000 optical sorter machines across the globe. The company has a wide geographic presence and delivers optical sorting applications to customers. The key strategy adopted by the company is product launches and acquisitions. The company strongly focuses on R&D activities. The company collaborates closely with its partners from the world of science, industry, and the public sector to create the solutions.

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