Global Sorting Equipment Market Research Report Forecast 2026Posted by vidhyanigam98 on March 13th, 2021 Bharat Book Bureau Provides the Treding Market Research Report on "Global Sorting Equipment Market - Analysis By Product Type (Weight, Size, Others), Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)" under Electronics Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.
Executive Summary
The Global Sorting Equipment Market was valued at USD 3221.18 Million in the year 2020. Sorting Equipment market is expected to mark significant growth over forecasted period owing to increasing consumers spending on reducing landfills, increases recycling rates applications and lower down greenhouse emission. With increased focus on environment protection, the Sorting Equipment market is likely to witness a strong growth in coming years. Further, increasing demand for the recycling projects expected to drive the market growth over the forecasted period.
Several food safety systems, legislation, and controls are being developed for controlling the microbiological and chemical hazards to reduce the risks to consumersí 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.
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Asia Pacific region holds the major Sorting Equipment market share of around 42.14% in 2020. Innovation and development of resource recycling projects has led to the increasing demand for Sorting Equipment. Further, economies like Japan and China are experiencing a high implementation of these advanced sorting solutions due to the rising industrial sector and faster technological adoption.
On the basis of Product Type, Size based sorting equipment is the prominent product segment accounting to majority of the global market share. The increasing initiatives by the government and the related regulatory bodies for maintaining strict standards for food quality are expected to drive the demand for sorting equipment over the forecast period.
The Covid-19 pandemic has caused disruption to economies and lives across the world. It has also affected the production and management of waste. While manufacturing and hospitality industries have suffered a hit, the former for a shorter period than the latter, healthcare and household waste streams have markedly increased. Demand for hazardous and medical waste management is higher than ever, as is demand for sanitization and professional cleansing services.
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