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Food Automation Market Likely to Emerge over a Period of 2020 - 2027

Robotic and automation are being highly employed in most processing and packaging facilities. According to a report by the Association for Packaging and Processing Technologies, 94% of food packaging operations use robotics, and around 33% of companies use robotics for processing.

KiranGaikwad
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Food Automation Market Likely to Emerge over a Period of 2020 - 2027

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  1. Food Automation Market Report 2020: Top Company, Trends and Future Forecasts Details Till 2027

  2. Market Summary Growing global food & beverage industry, development of technologically advanced automated devices and stringent government regulations for food safety are the prominent factors contributing to the high CAGR of the market during the forecast period.Market Size – USD 9089.0 Million in 2018, Market Growth - CAGR of 7.1%, Market Trends – Technological advancements and the stringent food safety regulations. According to the current analysis of Reports and Data, the global Food Automation market valued at USD 9.08 Billion in 2018 and is expected to reach USD 15.78 Billion by the year 2026, at a CAGR of 7.1%. Automation has now become a necessity in the food and beverage (F&B) industry to maintain quality, to enhance production speed, to cooperate with the labor shortage. Rising demand for food automation due to rapid industrialization and urbanization is driving growth for the market. Some of the key findings from forecast report: • The market is expanding at a CAGR of 8% in Asia Pacific due to expansion of food and manufacturing industry in the region. • The packaging and repackaging segment is expected to register the highest CAGR of 7.7% during 2019-2026. The packaging industry requires precise automation and material handling to meet global demand reliably.  www.reportsanddata.com

  3. Key Players: • Rockwell Automation, Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric and Nord DriveSystems. ABB Ltd. • Segmentation: • Type (Revenue, USD Million; 2016–2026), Motor Controls, Discrete controllers & visualization rotary & linear products • Function Type (Revenue, USD Million; 2016–2026), Processing, Packaging & Repackaging, Palletizing, Sorting & Grading, Picking & Placing, Others • Application (Revenue, USD Million; 2016–2026), Dairy, Bakery, Confectionery, Fruit & vegetable, Meat, poultry, and seafood, Beverages • End Use (Revenue, USD Million; 2016–2026), Hospital, Clinic, Others www.reportsanddata.com

  4. Regional Food Automation Market (Regional Output, Demand & Forecast by Countries):- • North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More. www.reportsanddata.com

  5. The report emphasizes the following key questions: • Q.1. What are the most lucrative and promising growth prospects for the market? • Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4. Which factors are impacting the future of the market and what are the driving factors? • Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  6. About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com www.reportsanddata.com

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