Europe Waste Sorting Equipment Market Outlook and Forecast till 2023-2030.
QualiKet Research
Competitive Intelligence | Market Research | Consulting Services
According to Qualiket Research, the Europe Waste Sorting Equipment Market is estimated to be valued at USD 1.8 billion in 2024. The market is expected to grow to approximately USD 3.5 billion by 2030, with a CAGR of 7.9% during the forecast period (2024-2030). The growth of the market is driven by the rising need for efficient waste management, the push for circular economy initiatives, and the stringent regulations on waste segregation and recycling.
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Market Drivers:
· Stringent Waste Management Regulations: European Union (EU) policies such as the Circular Economy Action Plan and the Waste Framework Directive are significant drivers of the waste sorting equipment market. These regulations aim to reduce landfill waste and improve recycling rates, which is pushing municipalities and companies to invest in advanced waste sorting technologies.
· Increasing Focus on Recycling and Resource Recovery: Growing environmental awareness and a shift towards resource recovery and recycling are fueling the demand for efficient waste sorting systems. Governments and companies are focusing on maximizing recycling rates for plastics, metals, paper, and organic waste, driving the adoption of waste sorting equipment.
· Sustainability Initiatives by Corporations: Large corporations are increasingly prioritizing sustainability goals, which include waste reduction and responsible waste disposal. This trend is particularly strong in sectors like manufacturing, retail, and food processing, where companies are investing in automated sorting solutions to meet their environmental commitments.
· Technological Advancements: Innovations in waste sorting equipment, such as AI-powered sorting systems, robotic arms, and automated optical sorting technologies, are driving market growth. These advancements improve sorting accuracy and efficiency, allowing for the separation of complex materials like mixed plastics, electronics, and hazardous waste.
· Urbanization and Rising Waste Volumes: As urban populations grow in Europe, waste generation is increasing, necessitating more sophisticated waste management solutions. Cities are adopting advanced sorting technologies to handle the rising volumes of municipal solid waste and to comply with strict EU recycling targets.
Key players:
· Bollegraaf Recycling Machinery BV
· Bühler Group
· Coparm Srl
· Machinex Industries Inc.
· Recycleye
· REDWAVE
· Sesotec GmbH
· Stadler Anlagenbau GmbH
· STEINERT GmbH
· TOMRA Systems ASA
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