Food Automation Market Worth $29.4 billion by 2027 -Exclusive Report Covering


LONDON, Oct. 29, 2020 /PRNewswire/ — According to a new market research report titled, “Food Automation Market by Component (Plant Level Controls, Enterprise Level Controls), Mode of Automation (Semi-automatic, Fully-automatic), Application (Packaging & Repacking, Butchery), and End-use (Beverages & Distilleries, Dairy Processing)– Global Forecast to 2027″, the food automation market is expected to grow at a CAGR of 9.5% from 2020 to 2027 to reach $29.4 billion by 2027 from $15.5 billion in 2020.

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The food automation market is driven by factors such as the growing adoption of digitalization across the food & beverage industry, increasing food safety regulations, and adoption of automated systems in packaging & logistic operations. The market is seeking growth opportunities from the adoption of Industry 4.0 technologies across the food industry and high demand for robots & sensor-based systems. However, the requirement of significant initial investment is expected to hamper the market growth to some extent.

COVID 19 IMPACT ON THE FOOD AUTOMATION MARKET

The COVID- 19 had a significant impact on the growth of the overall food automation market. Governments of various countries imposed lockdowns to minimize the spread of the virus. This resulted in the disruption of the supply chain due to the shutdown of manufacturing facilities and trade restrictions, which led to the demand-supply gap between the essential commodities, such as food & beverages. However, the market is slowly gaining its tracks, with the slow and steady opening of the manufacturing facilities. Moreover, the growing need to minimize human contact to limit the spread of coronavirus and contamination of the food items are some of the key factors expected to drive this market.

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Based on component, the plant-level controls segment is expected to grow at the highest CAGR over the forecast period due to rising utilization of control, data analysis, and process management software solutions such as SCADA, PLC, and DCS. The F&B sector deploys hybrid automation solutions that combine the discrete and process automation technology. SCADA is witnessing high demand as it monitors the entire process system and provides instructions to other individual PLCs & DCSs.

Based on application, the palletizing & depalletizing segment is estimated to cover the highest market share in 2020 due to increased efficiency and reduced frequent faults robotics and sensor-based solutions offer. Industry players have developed application-specific robots and sensor-based systems that offer enhanced quality, better working conditions, and improved production…



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