According to the report of the BCC, a market research firm, the global market for equipment for the food and packaging industry will amount to 35.1 billion dollars by 2020. United States This prediction represents an average annual growth rate (CAGR) average of 4.2 percent during the forecast period. But the question is, how and why does this growth occur?
Forecast / The global market for equipment for the food industry will exceed 74 billion dollars
The global market for equipment for the food industry will exceed 74 billion dollars in the next five years, says Meticulous Research ™
According to a new Meticulous Research ™ report, the market for equipment for the food industry will exceed US $ 74 billion by 2022, an increase of 6% over the next five years.
Forecast 2014 – 2025 / Food Robotics Market by Type of Robot
Forecast 2014 – 2025 / Robotics Food Market by Type of Robot by Application (Packaging, Repackaging, Palletizing, Picking, food Processing).
Industry statistics
The volume of the global food robotics market was estimated at $ 1,172.9 million. In 2016, it is expected to grow at a CAGR level of 13.1% during the forecast period. It is expected that the growing emphasis on increasing the operational efficiency of production and the growing demand for packaged products will lead to an increase in the food market.
Forecast to 2015 to 2021 / Food Processing Equipment Market: Global Industry Analysis
Food processing equipment helps to convert raw food ingredients into food through different physical and chemical means. Equipment available for the food industry in a variety of categories, including dryers, refrigerators, fryers, feeders, mixers, grinding machines, toasters, blenders, separators and oven-cutting machines.