Thursday, 21 December 2017

Food Sorting Machines Market - Future Growth & Forecast 2017-2021

MRC Announces the Publication of its Research Report – Global Food Sorting Machines Market 2017-2021
MRC recognizes the following companies as the key players in the global food sorting machines market: Buhler, GREEFA, Key Technology, and TOMRA
Other Prominent Vendors in the market are: Anhui Color Sort Technology, Aweta, BBC Technologies, Brovind - GBV Impianti, CFT, Cimbria, F.lli MARCHISIO & C, HEFEI MEYER OPTOELECTRONIC TECHNOLOGY, Multiscan Technologies, Multisource Manufacturing, NIKKO, Orange Sorting Machines, PPM TECHNOLOGIES, Raytec Vision, REEMOON TECHNOLOGY HOLDINGS, SATAKE, SCHULE, and Sesotec.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Mergers and acquisition by food sorting machines manufacturers. Over the years, there has been an increasing trend of mergers and acquisitions by food processing equipment manufacturers. The manufacturers are doing so to increase their competitive advantage, geographical presence, improve customer base, and increase the product portfolio. The larger firms in the market will try to acquire the small-scale manufacturers to eliminate the competition.”
According to the report, one of the major drivers for this market is Need to enhance food safety. Food safety and quality is one of the biggest concerns among the food processing companies worldwide. The freshly produced raw materials such as grains, fruits, and vegetables may contain germs and other microorganisms. Many different disease-causing germs present in the low quality or deteriorated raw materials can contaminate foods resulting in many foodborne infections.

Further, the report states that one of the major factors hindering the growth of this market is Volatile prices of raw material. The prices of the food sorting machines largely depend on the price of raw material, such as stainless steel. There have been high fluctuations in steel prices over past few years. For instance, during the period 2014-2016, owing to the oversupply of iron ore, there was a downward pressure on its price. China is the leading manufacturer of steel in the world. The steel industry is one of the major cause of air, water, and soil pollution in China. The strict antipollution rules in China has led to reducing the capacity of steel sector by shutting down steel mills. It has resulted in decrease in the supply of steel around the world and also increased the steel prices. For instance, the average price of stainless steel in January 2017 was around $2,400 per metric ton, and it increased to over $2,500 per metric ton in February 2017.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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