A new Future Market Insights report forecasts a stable growth trajectory for the sorting hampers market during the 2021-2031 period, with a projected CAGR (Compound Annual Growth Rate) of approximately 6%. This expansion is attributed to a confluence of factors, including:
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Industrial Automation: The growing adoption of automation in the food industry is a key driver. Sorting hampers play a vital role in streamlining operations and enhancing efficiency.
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Economic Growth: Improved economic conditions globally are expected to fuel consumer spending, leading to a potential rise in demand for sorting hampers across various sectors.
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Urbanization Trends: The increasing concentration of populations in urban areas is driving the need for efficient space utilization. Sorting hampers offer a practical solution for organized storage in both residential and commercial settings.
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Packaging Efficiency: The demand for improved efficiency within packaging units is fueling the market for sorting hampers. These tools help optimize workflows and minimize processing times.
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The report further highlights the rising demand for sorting hampers across diverse industries and residential sectors.
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Industrial Applications: Industries with high-volume production and exports, such as pharmaceuticals and automotive, benefit significantly from sorting hampers. Organized storage facilitates efficient product handling and ensures smooth production flows.
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Residential Needs: Sorting hampers cater to the growing desire for organized living spaces within households. They offer a convenient solution for storing various items, from books and medicines to clothes, saving time and simplifying organization. Busy lifestyles and evolving consumer preferences further contribute to the market’s growth potential in residential areas.
Factors that are Likely to Augment Sorting Hampers Sales
The growing implementation of optical sorting in the food industry, an alternative to manual sorting attributing to the rise in shortage of labor, and an enlarged interest from consumers to be served with top-notch systems are likely to grow the sales of sorting hampers.
Further, the rising labor cost is likely to demand the service providers to implement self-service, thus, growing the demands and sales of sorting hamper.
With rapid urbanization and the rising need to integrate the industries in order to boost production, sorting hamper are likely to help the employees to reduce human effort and improve efficiency.
This will result in helping the industry to spread their business worldwide and stand out in the growing competitiveness. This would help them to make more than their estimated projections, thus, creating new opportunities for the sorting hampers industry.
COVID-19 Impact on Sorting Hampers Sales
The sudden outbreak of the COVID-19 had severely affected the sorting hamper sales due to the decline in demand from automobiles, medical, and various industries. Further, the regulations implemented by the regional government had reduced the unnecessary movement of individuals and had maintained minimum interaction in commercial areas.
Additionally, the lockdown had paused the working of a large number of industries and commercial spots, followed by the movement of laborers to their hometown due to unemployment.
The lack of strength of employees further reduced the production capacity, which meant lesser availability of inventory to maintain within the industry. Further, the restriction railed upon import and export of materials between developed and developing countries has resulted in the decline of demand for various products, thus influencing the sales of sorting hamper.
U.S. and Canada Sorting Hampers Market Outlook
The countries of North America are the largest market for the implementation of sorting hamper globally. The rising population leading to the creation of waste from residential and commercial sectors is likely to grow tremendously thus, boosting the demand and sales of sorting hamper.
Further, the industries are currently, heavily reliant on the laborers to conduct their automation process which increases the chance of risk in business, therefore, growing the demand for improvement in the automation of systems to improve.
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Such regions are also experiencing growing demand from consumers due to development in technologies and adoption of digital platforms, which is encouraging the presence of individuals more on the internet and e-commerce. In order to maintain a large and transparent inventory and allow the business to run smoothly, the demand for sorting hampers is likely to grow in the forecast period.
Europe Demand Outlook for Sorting Hampers
Many countries in Europe have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities.
However, with the changing methodologies among manufacturers and suppliers and rising demand for the latest automation of work processes in order to save time and money and focus on customer experience, the adoption of sorting hamper is likely to grow.
Due to the presence of various large industrialists and a huge global spread in terms of land, the regions account for almost one-third of the market share overall.
Thus, the return is as good as five times the investment, encouraging the growth of automated sorting techniques in order to reduce human effort. Further, the growing expansion with other developing countries is likely to recreate the demand for sorting hamper.
Who are the Key Manufacturers and Suppliers of Sorting Hampers
Some of the leading manufacturers and suppliers of sorting hampers include
- TOMRA Sorting Solutions,
- Daifuku Co., Ltd.,
- ZenRobotics Ltd.,
- Active Marketing Co., LTD.,
- Anzai Manufacturing Co., Ltd.,
- Buhler Sortex,
- Kingtiger Environmental Technology CO., Ltd.,
- Pellenc SA,
- Toppan Inc.,
- Shanghai MST Optoelectronic Technology Co., Ltd.,
- Machinex Industries Inc.,
- OPEX Corporation,
- Intralox, The Beumer Group,
- TaiHo,
- BT Wolfgang Bnder, and many others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
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The report also maps the qualitative impact of various market factors on market segments and geographies.
Key Segments
By Application:
- Residential
- Commercial
By End-use Industry:
- Food
- Pharmaceutical
- Construction
- Courier & Logistics
- Sporting Goods
- Automotive
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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