The color sorter market share is expected to grow from USD 16.5 million in 2015 to USD 20.8 million in 2023, with a compound annual growth rate of 2.05% during the period of forecast. To cope up with the people's demand the processing companies are demanding more of such machines and due to that the color sorting market size has expanded over the years.
The coronavirus pandemic has given a very tough time to most of the manufacturing, developing, production, and logistic units of the market. The Indian agriculture system has been extensively disrupted by the Covid-19 pandemic. Anticipating the crisis as an opportunity the Indian government a lot of measures and long-term reforms. A large proportion of the Indian population is dependent on the agriculture sector for its income sources so the government has provided a lot of opportunities for the color sorting companies by increasing the investments mark and promoting the agro-based industries. India as an agricultural region is offering thriving markets for national as well as international players to expand their operations. India is famous for its rice and wheat production over the world and that factor provides more opportunities for color sorting machines across its agro-based milling industries. Every person is becoming serious about their health so it has increased the demand for clean and packed agro-based products like rice, wheat, and other grains.
To get a detailed and profound idea about the color sorter market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the country. The prime players of the Indian color sorter market include: -
An event named INSTANDEF-QI 2.0 was launched at Fruit Logistical 2019 by SORMA group, a global supplier of automatic machinery for post-harvesting as well as technical packaging material. These machines are used for sorting fruits based on diameter, weight, color, and ripening stage. South America, Europe, and the USA are the major regions where the present company trade-in.
A new company named automated produce equipment was incorporated in July 2018 that usually deals in machinery production and solutions for packaging suitable for onion, potato, and carrot industries. An Italian company named RAYTEC which has more than 1300 installations worldwide is one of its key manufacturers.
In August 2018, a new optical sorting machine pearl mini that smoothens the green or roasted coffee was launched by a new industrial start-up named SOVDA and it can be easily fitted into coffee spaces.
India Color Sorter Market: Segmentation
The India color sorter market growth has been highly motivated by the agricultural sector. Based on the technology used by the color sorting machines, the market is amazingly driven by the refined demand of several product innovations and increased investment in the field of the agro-food processing industry. Another remarkable factor that is driving the growth of the India color sorter market outlook is the rising absorption of technologically supported machinery armed with sensors that reduce the workload in the agricultural sector. We all know that most of the population of India is dependent on the agriculture sector for earning its live hood so the growing demand and magnification in investments for advanced equipment and machinery in this huge agricultural sector are responsible for Indian color sorting market growth. The quality standards set by the government for safety, hygiene, and high quality of food products and the ascending research and development in the agriculture sector are also some of the major factors that are driving the growth of the Indian color sorting market.
Most of the people involved in agriculture activities are illiterate and they have been carrying out their works with old fashioned methods and they are not able to cope up with new technologies. And if they somehow manage to understand the basic thing, they are not able to develop perfection in their working skills. So, the absence of skilled labor is one of the major factors restraining or hampering the color sorting market growth. The second factor that is acting as a barrier in the growth of the color sorter market is the high cost of machinery. On an approximate basis, one color sorter machine costs 27 lakh and most of the workers can't afford it. The third major restraint is that if a person managed to buy a color sorter machine, it has to be maintained every month and that maintenance cost is very high.
The color sorter market trends are driven by demographics, along with the economy's health. There is a growth in the number of countries that are increasing their focus on enhancing the rate of recycling. This an attempt to the reduction of harmful emissions through greenhouse gases along with protecting and preservation of the environment. The market is focusing on increasing waste recycling which is going to help the global market achieve new heights. Also, a huge investment margin from the mining industry is acting as a boon for the market's technological advancements and developments. The key market players are enhancing their ability to secure contracts and control the costs with the help of accurate bidding and using mechanical ejection devices that will divert the items whose colors are not a part of the acceptable range. Also, the small and medium-sized enterprises are increasing their ability to compete effectively and help in specializing their lane of services and products to a particular geography.
Colour sorter market share is anticipated to witness significant growth owing to the performance of different market segments. Among these four segments, the agricultural sector will be the fastest growing and also contribute towards the color sorter market more than any other segment. For an amplifying use the market is segmented into the following on different bases:
The color sorter industry movements are remarkably working in 4 major regions of India north, south, east, and west. Among all these regions, the north region will dominate the color sorter market. The reason attributed to it was the great initiatives taken by the government to uplift small and medium-scale agro-based processing industries. Another reason for this tremendous growth will be the government has and is planning to increase funding for which it has come up with different project policies to encourage more investments in the food and agro-processing sector. Also with the growth at 1.78% CAGR, the south India region of India is expected to be the second-largest market of India color sorter market. With an earnings market share of approximately 51% which is now rising year by year, Asia pacific region will be registered as the largest market region globally.
The Color Sorter System and Machines discover the color of grains and seeds which are passed through them using devices like cameras. India color sorter market is expected to grow tremendously due to change in the framework of Indian agriculture and also the agro-based processing industries. This type of machinery helps in overcoming the cost of human labor and the drawbacks of human error. To smoothen the operations of color sorting, the small and medium-scale rice mills and food grain processing industries are demanding more color sorting machines. Due to increasing awareness about food adulteration, there is rapid growth in market size.
The color sorter market report presents a shift analysis that includes market drivers, opportunities, and restraints that are available in the global market. The report discusses the impact of covid-19 on the key players of the hydrogen generation industry. The report also tells about the segmentation of the market on a different basis and how a competitive environment is developed among the key players around the globe. At last, the report presents some recent developments in the field of the container as a service market.
|Market Size||2022:USD 20.8 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Satake India Engineering, Buhler Group, Fowler Westrup, Tomra, Orange, Sea, Key Technology, Hefei Meiya Optoelectronic Technology Inc., Anhui Zhongke Optic-electronic Color Sorter Machinery Co., Ltd., and Hefei TAIHE Optoelectronics Technology Co., Ltd.|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market growth rate in the years ahead can be 2.05%.
The market value in 2015 was USD 16.5 Million.
The leading companies in the global market are Hefei TAIHE Optoelectronics Technology Co., Ltd, Buhler Group, Tomra, Orange, Sea, Satake India Engineering, Hefei Meiya Optoelectronic Technology Inc., Key Technology, Anhui Zhongke Optic-electronic Color Sorter Machinery Co., Ltd., Fowler Westrup, and others.
Industrial and agricultural are the application-wise market segments.
The primary market restraints are high maintenance as well as the lack of skilled labor among others.
The prime growth boosters in the market are rising demand from the agricultural sector combined with the surge in product innovation as well as investment in the agro-food processing field.
North India is expected to take the lead in the market.