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Food Automation Market by Type, Function, Application, and Region - Global Forecast to 2022

Food Automation Market: Global Forecast until 2022

  • July 2017
  • 155 pages
  • ID: 5043160
In this report:
Economic factors, such as increasing food & beverage shipments, increasing fixed investments, new product launches, and growth in the production of food & beverages because of rising consumer spending is expected to drive this market for next couple of years in North America region.
The packaging & repackaging segment is expected to grow at the highest CAGR of ##.##% to reach USD ##.## million by 2022.
The packaging & repackaging segment is expected to grow at the highest CAGR of ##.##% from 2017 to reach USD ##.## million by 2022.

Summary

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"The food automation market is estimated to rise at a compound annual growth rate of ~6.9 percent."

The overall food automation market was estimated at ~$8.2B in 2016 and is projected to extend a value of ~$12.3B by 2022, increasing at a compound annual growth rate (CAGR) of ~6.9 percent. The food automation market is influenced by the growing inclination of consumers towards processed and ready to eat foods, technological improvements in automation and stringent international food safety regulations. The requirement of high capital investment has been considered as the restraining factors for the sector.

"Discrete controllers & visualization is projected be the quickest-rising type for food automation during the outlook period"

One of the main drivers for the rise of discrete controllers & visualization segment is contributed due to its comprehensive nature to offer integrated and flexible production options to manufacturers. Control and visualization systems offer smooth manufacturing operations through efficient control and management. Incorporating control systems offers manufacturers with increased productivity and quality by streamlining multiple processes in manufacturing plants. Greater coordination of plant processes is achieved by integrating factory automation with control and visualization tools

"Packaging & repackaging is projected be the quickest-increasing function for food automation during the estimate period"

One of the driver for increase of packaging & re-packaging segment is the increasing food safety concerns among consumers. Automated packaging benefits food manufacturers with their challenges of maintaining food safety/ hygiene and quality.

"APAC is projected be the quickest-rising area for food automation during the outlook period"

Asia-Pac is forecasted to be the quickest-increasing area between 2017 and 2022 due to its big market base for the food & beverage market; the improved standard of living due to the increase in income levels, and increasing number of manufacturer in the territory. The food & beverage market in the Asia Pacific (APAC) area is currently undergoing a transformation in response to quick urbanization, diet diversification, and the liberalization of foreign direct investment in the food market.

Break-up of Primaries:

- By Company Type - Tier 1 35.0 percent, Tier 2 45.0 percent, Tier 3 20.0 percent

- By Description - C level- 25.0 percent, Directors- 30.0 percent, Others*- 45.0 percent

- By area - North america (NA) - 20.0 percent, Europe- 25.0 percent, Asia-pac- 45%, RoW- 10.0 percent

*Others contain sales managers, marketing managers, and product managers.

Key players decribed in this business report are like follows:

• Rockwell Automation, Incorporated

Scope of the Report:

The food automation market has been split on the basis of type, function, and application, which are further divided into their subsegments. It has also been broken down on the basis of area into North America continent, Europe (EU), Asia Pacific (APAC), and the Rest of the globe. In terms of insights, this market research has emphasized several levels of analyses - industry, company profiles of top actors, which together comprise and examine the basic overviews on the competitive landscape, emerging & high-growth segments of the food automation market, high-growth areas, territories, drivers, market restraints, and alternatives.

Reasons to acquire this industry report:

• To get a comprehensive overview of the overall food automation market

• To benefit wide-ranging information about the top actors in this market, their products review, and top strategies approved by the actors

• To benefit business insights about country- and region-based market trends and increase prospects in the food automation market

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