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Intensifying demand for Packaged Food Augments the Global Food Robotics Market Growth

According to a new market research report published by Inkwood Research, the Global Food Robotics Market is estimated to evolve at a CAGR of 15.01% during the forecasting years of 2019-2028.
“Browse 49 market Data Tables and 49 Figures spread over 152 Pages, along with an in-depth TOC on the Global Food Robotics Market Forecast 2019-2028.”
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The global food & beverage market is witnessing a swift growth, resulting in increased demands for enhanced and rapid productivity. This prompted a rise in demand for robots with low cost and high output rates. Moreover, several government regulations with regard to maintaining cleanliness in the food industry boost the demand for the use of robots. For example, with the enactment of FSMA in 2011, there has been an increase in preventing contamination in the food industry. Food robotics is gradually emerging as a critical segment within the robotics market. It provides various benefits to their buyers in terms of performance and efficiency. 

Surging Demand for Packaged Food Drives the Global Market 

Packaged food includes ready-to-eat meals and snacks, bakery and dairy products, canned and frozen processed products, and health food products. The surge in demand for processed and packaged foods has led many companies to diversify their production, which may lead to substantial growth in the installation of processing and packaging technology. However, the food packaging industry is benefited by an increase in disposable income, the rising trend of nuclear families, and modern retail trends. This has surged the demand for packaged food globally, thereby offering lucrative market opportunities.

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Articulated– The Dominating Type Segment

Articulated robots are robots with rotating joints, which range from two-jointed structures to systems with ten or more interacting joints. They are powered by electric motors. They have the ability to enhance productivity through improved speed and accuracy, in turn, upgrading the quality of the products. Moreover, with the increasing popularity and longevity of the articulated robots, the price of these robots is declining, making them more economical. They are more adaptable compared with other robots, and can range from slow to high speed robot because of their multiple axis designs. Stationery articulated robots are primarily used in industries to perform different functions such as welding, dispensing, and material handling. These versatile robots are also utilized for packaging, pick-place, and assembling-dissembling in warehouses. They are popular for their longevity.

Asia Pacific to Register the Highest CAGR by 2028

The Asia Pacific region is known as the manufacturing hub of the world, owing to an abundance of cheap labor and technological developments across its four major economies of India, Japan, China, and South Korea. The developing economies in the region are observing attractive global investments, and the respective governments of these countries have also proposed policies to magnify the domestic industry.

With regard to the market rivalry, various new entrants are trying to dominate the market share in the food robotics industry. Market proliferation remains moderate, though it is expected to grow speedily over the forecast period, with increased adoption in the industrial and commercial sectors. Brand identity is expected to play a crucial role in the market, as buyers are known to favor popular brands. The leading companies of the market include, Universal Robots A/S, ABB Ltd (ABB ROBOTICS), Bosch Limited, Mitsubishi Electric Corporation, Stäubli International AG, among others.

About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.
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Related Reports:
GLOBAL MATERIAL HANDLING EQUIPMENT MARKET
GLOBAL COLLABORATIVE ROBOTS MARKET
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