According to the recent market study by Technavio, the Fruit Sorting Machinery Market is expected to increase by USD 64.32 million from 2020 to 2025, at an accelerated CAGR of 5.01%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets. APAC will register the highest growth rate of 29% among the other regions.Regional Market Outlook
The Fruit Sorting Machinery Market share growth in APAC will be significant during the forecast period. APAC is expected to exhibit higher growth, with China and India being the major growth countries for the coding and marking equipment market in the region. Both countries have a large number of manufacturing-focused companies. Many leading companies from the wire and cable, pharmaceuticals, food and beverages, electrical and electronics industries have opened their manufacturing facilities in these countries due to the availability of low-cost resources and the increasing local demand for consumable products.
China has an established electrical and electronics manufacturing ecosystem, while India has a growing food and beverage producing industry. Over the past five years, both countries have registered substantial growth in the electronics and processed food manufacturing sectors due to favorable government policies. The growth of the packaged food market in the region has also given birth to many counterfeit products. Similarly, the demand for fresh and nutritional packaged food has grown higher in recent years, which has also created a demand for better nutritional labeling and accreditation bodies in the region. Fruit Sorting Machinery Market Driver:
Increasing demand for processed fruits :
The demand for processed fruits is increasing as they are available in a ready-to-consume format. It is essential for all fruits to undergo grading and sorting processes before being exported to other countries. Therefore, food growers and food processors must expand their sorting facilities to maintain the supply-demand balance globally. To serve the growing need for processed fruits, there is a requirement to reduce the processing and delivery time of these fruits. This can be achieved by reducing the processing cycle time and the implementation of automated machinery for fruit sorting. The use of automated machinery has drastically reduced the processing time and increased the quality of fruits and fruit products manufactured.
Fruit Sorting Machinery Market Trend:
Increasing need for product traceability:
Vendors in the global fruit sorting machinery market are constantly involved in strategic partnerships with information technology companies to strengthen their portfolio of sorting machinery with the latest digital features. Buhler partnered with Microsoft in 2018 to launch a cloud-based framework MoisturePro for digital services in the food and feed processing industry. Similarly, TOMRA partnered with Microsoft to leverage the strength of IoT to revolutionize its recycling segment. The company may enter into similar partnerships to strengthen its core competency in the food sorting business as well. Hence, more vendors may enter into strategic partnerships with technology companies to enhance their digital competency.About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Source : https://www.prnewswire.com/news-releases/fruit-sorting-machinery-market-to-record-4-30-y-o-y-growth-rate-in-202129-of-growth-to-originate-from-apac-17000-technavio-reports-301473131.html