Waste sorting robots market is anticipated to grow at a CAGR of 19.6% during the forecast period. The increasing adoption of automation in numerous industries is propelling market growth. Similarly, the rising focus on proper management of waste along with the increasing demand for rapid waste management procedures to handle the large amount of garbage produced by the people is a major driving force behind the market share of waste sorting robots. According to World Bank data, nearly 2.24 billion tonnes of solid waste was generated globally in 2020, amounting to a daily footprint of 0.8 kg per person. Owing to rapid population growth and urbanization, annual waste generation is expected to rise by 73% from 2020 levels to 3.88 billion tonnes by 2050. Intelligent robotic systems can handle almost any waste stream, and sorting functionality can be redefined for each new market situation, even on a routine basis. The robotic arms are always ready to pick up and rescue manual workers from dusty and filthy workplaces, thereby increasing their demand.
Get Free Sample link @ https://www.omrglobal.com/request-sample/waste-sorting-robots-market
Based on waste type, the food segment is expected to grow at a significant rate. This growth is attributed to the rising concerns over food waste globally. Increasing consumer preference for new types of food and exotic food items, including tropical fruits, premium coffee, and imported products, is expected to complement growth. Increasing trade of food and food ingredients between various countries has led to the development of new supply chains, resulting in increased food waste generated. According to the US Environmental Protection Agency, 40% of food is lost or wasted annually in the US, costing an estimated $218 billion or 1.3% of GDP. Moreover, each year, an estimated one-third of all food produced equivalent to 1.3 billion tonnes worth around $1 trillion ends up rotting in the bins of consumers and retailers or spoiling due to poor transportation and harvesting practices, as per United Nations Sustainable Goals. Hence increasing in food waste by consumers and the inclination of consumers towards the consumption of exotic food items boost the segment growth during the forecast period.
full report of Waste Sorting Robots Market available @ https://www.omrglobal.com/industry-reports/waste-sorting-robots-market
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Waste Sorting Robots Market Report Segment
By Waste Type
- Organic
- Plastics
- Metal Waste
- Chemical
- Wood
- Others (Electronic)
By Industry
- Recycling
- Plastics
- Metal & Minerals
- Wood
- Food
- Others
Global Waste Sorting Robots Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global waste sorting robots market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/waste-sorting-robots-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
