Waste Sorting Robots Market Size Will Reach US$ 10,286 Million by 2030 Due to Rise of Solid Waste Worldwide Report from Acumen Research and Consulting

A recently published report by Acumen Research and Consulting titled “Waste Sorting Robots Market Size, Sharing, Analysis Report, and Region Forecast, 2022 – 2030”

Tokyo, July 4, 2022 (The Globe Newswire) – World Waste sorting robots market It reached a market size of US$2,191 million in 2021 and is expected to achieve a market size of US$10,286 million by 2030 at a compound annual growth rate of 19.1%

Waste sorting robots have caught the attention of industry leaders due to the growing environmental concerns about solid waste. Globally, more than 2.3 billion tons of solid waste was generated in 2020, according to World Bank data. According to the World Bank’s “What a Waste” report, solid waste production will increase by more than 70% from 2020 levels to 3.9 billion tons by 2050. A significant portion of this solid waste has been generated by the municipal sector. According to the above report data, the world generates more than two billion tons of municipal solid waste every year. About 33% of that waste is not managed in an environmentally safe manner. As a result, both public and private organizations have desired more efficient procedures for managing waste releases around the world. As a result, the demand for waste sorting robots has increased rapidly.

Increasing digitization across the globe is one of the latest trends in the waste sorting robots market that is driving demand in the industry. According to the waste sorting robots industry analysis, the initial cost and high maintenance cost of these robots will hamper the growth of the market. However, the increasing technological developments and strict government guidelines for waste management are two major growth opportunities that will lead to a huge demand in the market in the coming years.

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Report coverage:

Impact of COVID-19 on the market value of global waste sorting robots

The demand for waste sorting robots has decreased in 2020, due to reduced demand from various industries as a result of government shutdowns in many countries. Due to the prolonged lockdown in major global countries, the COVID-19 pandemic has halted the manufacturing of many products in the waste sorting robots industry. This has hampered the growth of the waste sorting robot market. However, in order to reduce the spread of viruses, many industries have shifted their focus to automation, which has increased the market value of waste sorting robots. Given past pandemics and current events, it is clear that the demand for robots will rise exponentially. As a result, the global market revenue for waste sorting robots is expected to rise in the coming years.

The story continues

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Increasing waste recycling process is supporting the growth of waste sorting robots market

With the growth of the world’s population, the pressure on the resources of our planet increases. Recycling is one of the important ways in which we can all reduce our impact on the environment, and with the increasing demand for recycled materials, the availability of labor to sort and handle recyclables has become an important factor in our recycling capacity. Fortunately, waste sorting robots contribute to the solution. These intelligent machines can relieve some of the burden on human workers by using artificial intelligence technology to discover what can be recycled. This not only helps alleviate the labor shortage in this industry, but also enhances efficiency and accuracy in recycling activities.

Waste sorting robots market segmentation

The global market has been segmented into three categories: waste sorting type, end user, and region.

Plastic product sorting, wood and brick sorting, metal waste sorting, and other sorting operations comprise the waste sorting segment. According to the waste sorting robots market forecast, the sorting of plastic products is expected to generate a large market share from 2022 to 2030. This is mainly due to the increasing amount of plastic waste produced worldwide. Moreover, plastic waste is more harmful to the environment; Wild animals, aquatic animals, leading to a larger market share.

In addition, the end user sector is divided into municipal and industrial sector. The municipal sector captured the largest share in 2021 and is expected to maintain its dominance throughout the projected time frame from 2022 to 2030. However, the industrial sector is expected to grow at the fastest rate in the coming years.

Waste Sorting Robots Market Regional Outlook

North America, Asia Pacific, Europe, Latin America, Middle East and Africa are the regional classification of the waste sorting robots market. According to our regional analysis of waste sorting robots, North America leads the market in terms of market share and growth rate. The high adoption rate of robots, the increasing technological advances in automation, and the private and public focus on a zero-waste environment are supporting the North American waste sorting robots market. However, the Asia Pacific region is expected to grow at a rapid pace due to the increased awareness of the benefits of these robots and the growing adoption in countries such as China, Japan and India.

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Waste sorting robots market players

Some of the major waste sorting robotics companies involved in the industry include AMP Robotics Corp. and ABB Ltd. and Bollegraaf Recycling Machinery, General Kinematics Corporation, Clean Robotics, Grayparrot, Waste Robotics Inc. and Tomra and Machinex Industries Inc. and Zen Robotics Oy.

AMP Robotics Corp. The leading company in artificial intelligence, robotics, waste and recycling infrastructure, is making its mark in Europe by setting up a display facility at SIGMA SA facilities in Poland. The facility is open to waste management and recycling companies from across Europe who need to use one of AMP’s AI-guided robotic systems to separate different types of plastic, paper and metal.

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