Parcel Sorting System Market size is poised to record over 7% CAGR from 2023-2032, on account of the surging need for energy-efficient equipment, increasing number of recycling and waste reduction measures, and rising efforts to limit the carbon footprint of sorting facilities. The growing environmental concerns among consumers worldwide are pushing several companies to adopt sustainable and eco-friendly practices in parcel sorting. To cite an instance, in September 2022, leading shopping technology firm GoBolt unveiled a same-day and next-day sustainable parcel delivery in Canadian and U.S. cities. The scaling emphasis by several companies on seeking multiple ways to reduce energy consumption while introducing environmentally friendly sorting processes will also contribute to the market growth.
The parcel sorting system industry is segmented based on component, type, end-use, and region.
In terms of type, the market value from the push tray sorters segment will witness expansion through 2032 due to their advantages in handling wide range of product types, including packages, parcels, totes, and irregularly shaped items. These parcel sorting systems are capable of handling large volume of items quickly and efficiently owing to their high throughput capacity. Increasing number of innovative strategies to cater to the rising end-user requirements will also drive the product adoption. For instance, in March 2021, Interroll introduced its new Split Tray Sorter to offer maximum availability, fast payback times and very long service life.
With respect to end-user, the parcel sorting system industry from the food & beverage segment is expected to significantly expand up to 2032 driven by the rising need to enhance the efficiency, accuracy as well as safety of distribution and delivery processes. Owing to their ability to automate as well as reduce the need for manual labor and human intervention, parcel sorting systems significantly offer improved efficiency in sorting and dispatching of various food and beverage products. Rising adoption for preventing cross-contamination by ensuring the separation of allergenic and non-allergenic products will also influence the segment expansion.
Regionally, APAC parcel sorting system market size is expected to observe robust growth through 2032. The rapid expansion of the e-commerce sector has made way for the higher demand for efficient sorting and delivery solutions. The presence of varying levels of economic development, logistics capabilities, and infrastructure has also amplified the increased adoption of sorting systems to match the diverse market conditions and complex regulatory environments. The growing prominence of automation and robotics will also prove favorable for the regional industry growth.