London, United Kingdom, November 01, 2017 --(PR.com
)-- The worldwide food robotics market is poised to exceed USD 2.159 billion by the year 2022, witnessing growth at a 12.5% CAGR between 2017 and 2022. The major growth drivers of the food robotics market comprise escalating demand for advanced food packaging, increasing food safety regulations, enhancing necessity to improve productivity and reduce production costs, expanding availability of low-cost robots, increasing investments in the automated solutions development in the food industry, amid others. But, at the same time lack of skilled workforce in the emerging countries hampers the market growth.
Amid regions, Europe accounted for the biggest share of the global food robotics market in 2016. This is mainly attributed to rising energy efficiency and declining production cost with the usage of robots, relatively quick high return on investments that allows sustainable and more flexible production line, escalating investments in automation in the dairy industry, elevating demand for automation in meat processing and prepared food industries, and fierce competition in the region.
Meantime, the APAC food robots market is predicted to see the highest CAGR of 15.4% over 2017-2022, owing to rising demand to improve productivity, introduction of advanced and new robotic technologies, uptake in production of low-cost robots, favourable food safety regulations and increasing investments in the development and adoption of automated systems.
New report “Food Robotics Market- Global Opportunity Analysis And Industry Forecast (2017-2022)” (https://marketpublishers.com/report/equipment/food-robotics-market-global-opportunity-analysis-n-industry-forecast-2017-2022.html) worked out by Meticulous Market Research has been recently added at MarketPublishers.com.
This publication includes a profound analysis of the world’s food robots market historical background and current landscape, investigates the actual situation across the key regional markets, highlights the market dynamics and examines the key growth drivers and restrains. Besides, this study touches upon the prevailing trends, identifies the emerging growth opportunities and challenges, contains a detailed market segmentation analyses, scrutinises the competitive landscape and profiles the dominant companies. Future forecasts through 2022 are also at hand.
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