Market Overview:
The global NIR plastic sorting machine market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for recycled plastics and the growing awareness about environmental protection. The global NIR plastic sorting machine market can be segmented on the basis of type into chute-type and belt-type machines. The chute-type machines are expected to dominate the market during the forecast period owing to their low cost and easy installation. On the basis of application, the global NIR plastic sorting machine market can be segmented into plastic flakes/particles and pretreatment plastics. The pretreatment plastics segment is expected to grow at a higher CAGR than other segments during the forecast period owing to its growing demand from end-use industries such as automotive, packaging, construction, and electrical & electronics.
Product Definition:
NIR Plastic Sorting Machine is a device used to Sort plastics according to their chemical composition. The importance of this machine is that it can help recycle plastic materials and reduce the amount of waste produced by plastic products.
Chute-Type:
Chute-type is a device used in the sorting of plastic bottles and other containers by their size. It is also used to direct the flow of materials into different parts or bins based on their sizes. The machine consists of a series of tubes through which the material to be sorted flows, as it approaches an opening at one end or another, depending upon its type; it falls down into a waiting container below.
Belt-Type:
Belt-type is a device used in NIR ( Near-Infrared) plastic sorting machine to sort the plastic products based on their near infrared absorption characteristics. The working principle of this system is based on thermal property variations and optical properties of different types of plastics.
Application Insights:
The global market is segmented by application into flakes/particles, pretreatment plastics and others. The flakes/particles application segment dominated the overall industry in terms of revenue share in 2017. This is attributed to growing demand for plastic sorting machines that are capable of handling flake-sized materials with ease. Furthermore, increasing awareness about the advantages associated with using NIR technology over other conventional technologies such as optical sorters and magnetic separation systems has been driving growth over the recent past.
Pretreatment plastics accounted for a significant share in terms of revenue on account of their rising applications across various end-use industries globally including construction, oil & gas and chemical sectors among others which require pre-treatment processes before further processing or consuming natural resources such as metal ores or stones etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, especially in China and India. In addition, rising disposable income coupled with increasing population has resulted in an increased demand for consumer goods such as automobiles, which are manufactured using plastic materials.
Europe was the second-largest regional segment followed by Asia Pacific that accounted for 24% of total revenue share respectively. Europe is anticipated to witness steady growth owing to stringent regulations regarding waste management along with growing environmental awareness among consumers and manufacturers alike.
Growth Factors:
- Increasing demand for recycled plastic products
- Growing awareness about the benefits of using recycled plastic products
- Rising environmental concerns among consumers
- Proliferation of plastics recycling facilities worldwide
- Technological advancements in NIR Plastic Sorting Machine market
Scope Of The Report
Report Attributes
Report Details
Report Title
NIR Plastic Sorting Machine Market Research Report
By Type
Chute-Type, Belt-Type
By Application
Plastic Flakes/Particles, Pretreatment Plastics
By Companies
Steinert, Sesotec GmbH, Binder+Co AG, Pellenc ST, Redwave (BT-Wolfgang Binder GmbH), Arecaz Electronics, Krause Manufacturing Inc., Bühler
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global NIR Plastic Sorting Machine Market Report Segments:
The global NIR Plastic Sorting Machine market is segmented on the basis of:
Types
Chute-Type, Belt-Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Plastic Flakes/Particles, Pretreatment Plastics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Steinert
- Sesotec GmbH
- Binder+Co AG
- Pellenc ST
- Redwave (BT-Wolfgang Binder GmbH)
- Arecaz Electronics
- Krause Manufacturing Inc.
- Bühler
Highlights of The NIR Plastic Sorting Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chute-Type
- Belt-Type
- By Application:
- Plastic Flakes/Particles
- Pretreatment Plastics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the NIR Plastic Sorting Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
NIR Plastic Sorting Machine is a machine that can sort plastic materials according to their wavelength. This machine uses near-infrared light to identify different types of plastics and separate them accordingly.
Some of the key players operating in the nir plastic sorting machine market are Steinert, Sesotec GmbH, Binder+Co AG, Pellenc ST, Redwave (BT-Wolfgang Binder GmbH), Arecaz Electronics, Krause Manufacturing Inc., B¼hler.
The nir plastic sorting machine market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 NIR Plastic Sorting Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 NIR Plastic Sorting Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 NIR Plastic Sorting Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the NIR Plastic Sorting Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global NIR Plastic Sorting Machine Market Size & Forecast, 2018-2028
4.5.1 NIR Plastic Sorting Machine Market Size and Y-o-Y Growth
4.5.2 NIR Plastic Sorting Machine Market Absolute $ Opportunity
Chapter 5 Global NIR Plastic Sorting Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 NIR Plastic Sorting Machine Market Size Forecast by Type
5.2.1 Chute-Type
5.2.2 Belt-Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global NIR Plastic Sorting Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 NIR Plastic Sorting Machine Market Size Forecast by Applications
6.2.1 Plastic Flakes/Particles
6.2.2 Pretreatment Plastics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global NIR Plastic Sorting Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 NIR Plastic Sorting Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America NIR Plastic Sorting Machine Analysis and Forecast
9.1 Introduction
9.2 North America NIR Plastic Sorting Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America NIR Plastic Sorting Machine Market Size Forecast by Type
9.6.1 Chute-Type
9.6.2 Belt-Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America NIR Plastic Sorting Machine Market Size Forecast by Applications
9.10.1 Plastic Flakes/Particles
9.10.2 Pretreatment Plastics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe NIR Plastic Sorting Machine Analysis and Forecast
10.1 Introduction
10.2 Europe NIR Plastic Sorting Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe NIR Plastic Sorting Machine Market Size Forecast by Type
10.6.1 Chute-Type
10.6.2 Belt-Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe NIR Plastic Sorting Machine Market Size Forecast by Applications
10.10.1 Plastic Flakes/Particles
10.10.2 Pretreatment Plastics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific NIR Plastic Sorting Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific NIR Plastic Sorting Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific NIR Plastic Sorting Machine Market Size Forecast by Type
11.6.1 Chute-Type
11.6.2 Belt-Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific NIR Plastic Sorting Machine Market Size Forecast by Applications
11.10.1 Plastic Flakes/Particles
11.10.2 Pretreatment Plastics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America NIR Plastic Sorting Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America NIR Plastic Sorting Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America NIR Plastic Sorting Machine Market Size Forecast by Type
12.6.1 Chute-Type
12.6.2 Belt-Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America NIR Plastic Sorting Machine Market Size Forecast by Applications
12.10.1 Plastic Flakes/Particles
12.10.2 Pretreatment Plastics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) NIR Plastic Sorting Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) NIR Plastic Sorting Machine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) NIR Plastic Sorting Machine Market Size Forecast by Type
13.6.1 Chute-Type
13.6.2 Belt-Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) NIR Plastic Sorting Machine Market Size Forecast by Applications
13.10.1 Plastic Flakes/Particles
13.10.2 Pretreatment Plastics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 NIR Plastic Sorting Machine Market: Competitive Dashboard
14.2 Global NIR Plastic Sorting Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Steinert
14.3.2 Sesotec GmbH
14.3.3 Binder+Co AG
14.3.4 Pellenc ST
14.3.5 Redwave (BT-Wolfgang Binder GmbH)
14.3.6 Arecaz Electronics
14.3.7 Krause Manufacturing Inc.
14.3.8 Bühler
