Global Optical Sorters for Waste Recycling Market Size, Share, Growth Analysis, By Type(Municipal Solid Waste (MSW), and Industrial Waste), By Technology(Near-Infrared (NIR) Sorting, and Hyperspectral Imaging (HSI) Sorting) - Industry Forecast 2024-2031

Global Optical Sorters for Waste Recycling Market size was valued at USD 3.7 Billion in 2022 and is poised to grow from USD 4.16 Billion in 2023 to USD 10.59 Billion by 2031, at a CAGR of 12.40% during the forecast period (2024-2031).

Global optical sorters for waste recycling market is growing as businesses, governments, and consumers increasingly focus on sustainability and waste reduction. There is a growing concern about the environmental impact of waste, particularly plastic waste. Governments, businesses, and consumers are increasingly interested in finding ways to reduce, reuse, and recycle waste, which is driving the demand for recycling technologies like optical sorters. Also, governments around the world are implementing regulations and policies aimed at reducing waste and increasing recycling rates. These regulations are creating a favorable environment for the growth of the market. Moreover, there is a growing demand for recycled materials, particularly in the manufacturing sector, where recycled materials are seen as a way to reduce costs and improve sustainability. Optical sorters are critical to the process of recovering valuable materials from waste streams. Furthermore, the development of advanced optical sensors and cameras, along with improvements in machine learning and artificial intelligence, have made optical sorters more efficient, accurate, and adaptable to a wide range of waste streams.

US Optical Sorters for Waste Recycling Market is poised to grow at sustainable CAGR for the next forecast year.