Sorting Machine for Plastic Recycling Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 12.3% from 2024 to 2030.
The global market for sorting machines used in plastic recycling was valued at approximately $1.5 billion in 2022, with a projected compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. This growth is driven by increasing plastic waste and stringent recycling regulations, creating a robust demand for advanced sorting technologies. The adoption of innovative sorting machines that enhance efficiency and accuracy in separating various plastic types is fueling market expansion. Furthermore, the rising emphasis on circular economy practices and advancements in machine learning and artificial intelligence are expected to contribute significantly to the market's development.
Opportunity analysis reveals substantial potential in emerging markets where rapid urbanization and industrialization are accelerating plastic waste generation. Regions such as Asia-Pacific and Latin America are anticipated to offer significant growth prospects due to increasing investments in recycling infrastructure and supportive government policies. Moreover, technological advancements in sorting machines, including the integration of sensor-based technologies and automated systems, present new avenues for market players to explore. The ongoing efforts to improve recycling rates and reduce environmental impact are likely to further drive the demand for advanced sorting solutions in these expanding regions.
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Tomra
Pellenc ST
Bühler
Steinert
Satake
Redwave (BT-Wolfgang Binder GmbH)
Sesotec GmbH
Hefei Meyer Optoelectronic Technology Inc.
Binder+Co AG
Daewon GSI Co.
Ltd.
Anhui Zhongke Optic-electronic Sorting Machine Machinery Co.
Ltd.
Hefei Taihe Optoelectronic Technology Co.
Ltd.
Anzai
Key Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Sorting Machine for Plastic Recycling Market
Plastic Flakes/Particles
Pretreatment Plastics
Based on Types the Market is categorized into Below types that held the largest Sorting Machine for Plastic Recycling market share In 2023.
Chute-Type Sorting Machine
Belt-Type Sorting Machine
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Sorting Machine for Plastic Recycling Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Sorting Machine for Plastic Recycling Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Sorting Machine for Plastic Recycling Market, By Type
6. Global Sorting Machine for Plastic Recycling Market, By Application
7. Global Sorting Machine for Plastic Recycling Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Sorting Machine for Plastic Recycling Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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