Market Research Report
Global Food Automation Market - Study of COVID-19 Impact (Impact Categorized by Type, Application, Function, and Region) - Size, Share, and Predictions from 2021-2027
|Published by||AnalystView Market Insights||Product code||999601|
|Published||Content info||260 Pages
Delivery time: 2-3 business days
|Global Food Automation Market - Study of COVID-19 Impact (Impact Categorized by Type, Application, Function, and Region) - Size, Share, and Predictions from 2021-2027|
|Published: April 1, 2021||Content info: 260 Pages||
By 2020, the value of the Food Automation market was estimated at USD 9.84 Billion, with a growth of 6.2% CAGR during the estimated timeframe, 2021-2027.
The Food Automation Market is expanding swiftly due to the adoption of automatic solutions in the Food & Beverages processing facilities. High implementation of plant-level & enterprise-level control solutions is attributed to its immense efficiency and time & labor-saving advantages.
The end-use sectors, including beverage, dairy, and food processing companies, are aggressively investing in automation technologies in food industries to avail profit from robotics and interconnected solutions that aid in high productivity over traditional human labor-intensive processes. As per the industrial norms, the changing consumer request and demand for consistent food quality have created the need for automated solutions to maintain high quality and productivity. Above mentioned factors and the end-user ability to pay for robotics and enterprise management solutions are supporting the the food automation market growth worldwide.
Some significant factors such as growing demand for plant automation, Quick advancement in IoT, stable development in implementing new technology, strong prospects of consumers & governing agencies for improved food quality and safety are fueling the growth of the Food Automation Market. Furthermore, increasing demand for effective food sorting, picking & packaging, and managing processes, and the growing need for an efficient solution for overcoming various challenges like enhancing productivity, optimizing resource management, improving asset management, improving yield, and mitigating security risks is encouraging the growth of the Food Automation Market.
The scope of this report encompasses the market by its most significant segments, which include the following: