Optical Sorter Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The optical sorter market is expected to register a CAGR of 10% over the forecast period (2021-2026).
The nationwide lockdowns imposed across the globe have forced the shutdown of fast-food outlets and restaurants, which has adversely disrupted consumers’ food-shopping habits. Hence, food companies, such as TOMRA Food is reaching out to vegetable processors to help them tackle the challenges posed by the COVID-19 pandemic. This is resulting in the highlighting of the capabilities of optical sorting and steam peeling machines, combined with other processing technologies, which may prove to be beneficial during the pandemic.
Key HighlightsThe competitive rivalry in the optical sorter market is high owing to the presence of some key players such as Bühler Holding AG, Key Technology Inc(A Duravant Company), amongst others. Through research and development, the players in the market have been able to bring about innovations in their offerings thereby allowing them to gain a competitive advantage over others. These players have been involved in strategic partnerships, mergers & acquisitions that have allowed them to gain a stronger footprint in the market.
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