What is the global market size of Fertilizer Additives Market?

Food Automation Market size was valued at USD 11.37 billion in 2021 and is poised to grow from USD 12.13 billion in 2022 to USD 20.38 billion by 2030, growing at a CAGR of 6.7% in the forecast period (2023-2030).

What is the key driver of Global Fertilizer Additives Market?

The per capita increase in food consumption and the growing rate of IoT plant automation are driving the growth of the food automation market. The Food Automation Market is expanding as a result of rising digitalization in the agricultural sector. Additionally, strict international laws governing food safety and rising health consciousness are macroeconomic factors that favourably affect the global food automation market. Rising technological innovation in automation is another important factor that will hasten the market's rate of expansion for food automation. Increased urbanisation and rising disposable income will boost the market for food automation. The market for food automation will experience further growth acceleration due to the growing adoption of automated systems in packaging and logistics.

Food Automation Market Size, Share, Growth Analysis, By Type(Motors and Generators, Motor Controls, Discrete Controllers and Visualization, Rotary Products), By Component(Plant Level Controls and Enterprise Level Controls), By Application(Dairy, Bakery, Confectionery, Fruit and Vegetable), By Automation(Semi-Automatic and Fully Automatic), By Function(Repackaging, Palletizing, Sorting and Grading, Picking and Placing and others), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Fertilizer Additives Market?

Global Food Automation Market is fragmented and highly competitive. To maintain a competitive edge and increase their market position in the worldwide food automation market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint ventures, alliances, and partnerships. Prominent players include Rockwell Automation, Inc., Siemens AG, ABB Ltd, Mitsubishi Electric Corporation and Schneider Electric SE. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Rockwell Automation, Inc.', 'Siemens AG', 'ABB Ltd.', 'Mitsubishi Electric Corporation', 'Schneider Electric SE', 'Yaskawa Electric Corporation', 'Emerson Electric Co.', 'Yokogawa Electric Corporation', 'GEA Group AG', 'Rexnord Corporation', 'Nord Drivesystems', 'Festo AG & Co. KG', 'Key Technology, Inc.', 'Fanuc Corporation', 'Omron Corporation', 'Bosch Packaging Technology (Robert Bosch GmbH)', 'JBT Corporation', 'Heat and Control, Inc.', 'SPX Flow, Inc.', 'Krones AG'

Q: Which region accounted for the largest share in Fertilizer Additives Market?

Europe dominated the Global Food Automation Market in 2021 and is expected to continue this trend during the forecast period. This is because processed food and beverage products are in high demand, particularly in France, Germany, and Italy. Additionally, the region's demand for food automation is fueled by strict regulations imposed by regulatory bodies regarding the quality of processed food items. Additionally, developing regions like Eastern Europe are anticipated to experience significant growth in the processed food and beverage market, which will benefit the equipment industry and drive market expansion.

Report ID: SQMIG20H2020 | Region: Global | Published Date: July, 2024
Pages: 202 | Tables: 147 | Figures: 78

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Food Automation Market size was valued at USD 12.13 billion in 2022 and is poised to grow from USD 12.94 billion in 2023 to USD 21.74 billion by 2031, at a CAGR 6.7% of during the forecast period (2024-2031).

Food Automation Market is fragmented and highly competitive. To maintain a competitive edge and increase their market position in the worldwide food automation market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint ventures, alliances, and partnerships. Prominent players include Rockwell Automation, Inc., Siemens AG, ABB Ltd, Mitsubishi Electric Corporation and Schneider Electric SE. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Rockwell Automation, Inc.', 'Siemens AG', 'ABB Ltd.', 'Mitsubishi Electric Corporation', 'Schneider Electric SE', 'Yaskawa Electric Corporation', 'Emerson Electric Co.', 'Yokogawa Electric Corporation', 'GEA Group AG', 'Rexnord Corporation', 'Nord Drivesystems', 'Festo AG & Co. KG', 'Key Technology, Inc.', 'Fanuc Corporation', 'Omron Corporation', 'Bosch Packaging Technology (Robert Bosch GmbH)', 'JBT Corporation', 'Heat and Control, Inc.', 'SPX Flow, Inc.', 'Krones AG'

The per capita increase in food consumption and the growing rate of IoT plant automation are driving the growth of the food automation market. The Food Automation Market is expanding as a result of rising digitalization in the agricultural sector. Additionally, strict international laws governing food safety and rising health consciousness are macroeconomic factors that favourably affect the food automation market. Rising technological innovation in automation is another important factor that will hasten the market's rate of expansion for food automation. Increased urbanisation and rising disposable income will boost the market for food automation. The market for food automation will experience further growth acceleration due to the growing adoption of automated systems in packaging and logistics.

Manufacturers create and package food using automation and robotics in the food industry. Technology has significantly improved food packaging by increasing food safety and shelf life. Due to AI, robotics, drones, and 3D printing in the food industry, food quality is increasing as production costs decrease. Manufacturers of food are now able to keep an eye on products and consumer demand, then use data analysis to match output to this need. Robotics and the creation of AI software enable this. Companies are better able to monitor food quality and safety when they are better equipped to assess crucial processes like processing, shipping, and storage, as well as whether food is accidentally tainted, where that food was sent, and where that food was purchased from. Recent significant investments in robotics and artificial intelligence have been made by a number of large food service companies.

Europe dominated the Food Automation Market in 2021 and is expected to continue this trend during the forecast period. This is because processed food and beverage products are in high demand, particularly in France, Germany, and Italy. Additionally, the region's demand for food automation is fueled by strict regulations imposed by regulatory bodies regarding the quality of processed food items. Additionally, developing regions like Eastern Europe are anticipated to experience significant growth in the processed food and beverage market, which will benefit the equipment industry and drive market expansion.

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What is the market size of Food Automation Market?

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Which region accounted for the largest share in Food Automation Market?

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