Increasing Demand for Food and Emergence of Covid-19 to Augment Growth of Food and Beverage Robotic System Integration Market

 

Increa


sing demand for food is expected to propel growth of the food and beverage robotic system integration market. For instance, according to Food and Agriculture Organization, worldwide food demand is expected to increase by 70% by 2050. Moreover, increasing labor cost is also expected to aid in growth of the market. For instance, according to Eurostat press release in April 2019, in 2018, hourly labor costs in the whole economy expressed in € rose by 2.7% in the EU and by 2.2% in the euro area compared to 2017, with Latvia (+12.9%), Lithuania (+10.4%), Estonia, and Slovakia (both +6.8%) witnessing the highest increase. 

Emergence of Covid-19 is expected to offer lucrative growth opportunities for players in the global food and beverage robotic system integration market. According to the World Health Organization, globally, as of 5:01pm CET, 11 February 2021, there have been 106,991,090 confirmed cases of COVID-19, including 2,347,015 deaths. Such scenario has led to adoption of automation technologies in the food and beverages sector in order cope with high demand for essentials and overcome lack of manpower.

The Covid-19 pandemic significantly impacted the global food and beverage robotic system integration market. For instance, according to a survey by Deloitte and the Manufacturers Alliance for Productivity and Innovation, as of August 2020, 38% of manufacturers (in the survey) had paused their smart factory investments. However, 62% of the manufacturers showed their interest in further investing in digital technologies. Such scenario is expected to offer lucrative growth opportunities for players in the market.  

Adoption of partnership strategies is expected to offer lucrative growth opportunities for players in the global food and beverage robotic system integration market. For instance, in January 2020, BluePrint Automation extended partnership with APEX under which the company initiated the process of changing suppliers for all servo gearboxes from Micron/Thomson/Boston Gear to APEX on upcoming machines.

Competitive Analysis 

Major players operating in the global food and beverage robotic system integration market include, Blueprint Automation, Bradman Lake Group, EPIC Systems, Inc., Fallas Automation, Inc., Robert Bosch GmbH, Simplimatic Automation, JLS Automation, KLEENLine, Shuttleworth, LLC., Multivac, Stelram Engineering Ltd, RobotWorx, RightHand Robotics, Inc., PWR Pack Ltd., Bastian Solutions, Inc., iNova Microsystems Pte. Ltd., Inductive Automation, AMF Bakery Systems, and Gerhard Schubert GmbH.

Major players operating in the global food and beverage robotic system integration market are focused on launching new products to expand their product portfolio. For instance, in November 2020, Inductive Automation launched Ignition 8.1, which is expected to help users develop Ignition projects more rapidly and use them more effectively.


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