According to the research report titled ‘Global Sorting Machines Market Size study, By End-Use (Mining, Food & Beverage, Pharmaceutical, Others), By Product (Weight/ Gravity Sorter, Optical Sorter, Others) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global sorting machines market was worth USD 3.81 billion in 2020 and is anticipated to record a CAGR of 5.9% over the forecast duration 2021-2027 to amass a valuation of USD 5.7 billion by the year 2027.
 

Widespread product utilization due to increasing investments in food and beverage sectors is primarily driving the growth of global sorting machines market. For example, the Good Food Institute (gfi.org) reported that investments in the food and beverage business is quickly expanding. USD 3.1 billion was invested in alternative protein firms in 2020, whereas USD 2.1 billion was invested in plant-based meat, eggs, and dairy companies in 2021.
 

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For the unversed, sorting machines are used to organise items in a logical order or to group related items together. They are mainly used in mining, pharmaceutical, and food & beverage sectors, among other things.
 

 Despite the positive outlook, high deployment costs may hamper the industry outlook over the projection period of 2021-2027.
 

Based on end-use spectrum, worldwide sorting machines market is divided into pharmaceuticals, food & beverages, mining, and others. In terms of product type, the industry is branched into optical sorter, weight/gravity sorter, and others.
 

On the geographical front, the report evaluates major regions including North America, Asia Pacific, Europe, and Latin America. Among these, Europe currently holds a significant share in the industry due to growing demand in the food & beverages sector, rising technological improvements, and increasing preference for cost effective machinery for sorting.
 

Meanwhile, Asia Pacific industry is anticipated to garner lucrative returns through 2027, owing to rapid growth of the mining and pharmaceutical sectors, as well as rising awareness about environmental cleanliness as a result of using sorting machines.
 

Key players in global sorting machines marketplace are Satake Corporation, Key Technology Inc., Concept Engineers, Raytec Vision S.p.A., Sesotec GmbH., Bühler AG, BT-Wolfgang Binder GmbH, Daewon GSI Co. Ltd. Barco NV and Tomra Systems ASA.