Industrial Automation Market to witness USD 648.69 Mn growth in Food Safety and Inspection Sector

Published on : 11 October 2021

The industrial automation market in food safety and inspection is set to grow by USD 648.69 million between 2021 and 2025, accelerating at a CAGR of over 5 percent.

New York, October 2021 – Technavio's latest research report on the industrial automation market in food safety and inspection offers a comprehensive analysis on new product launches, the latest trends, and the post-pandemic impact on businesses.
 

The industrial automation market in food safety and inspection is set to grow by USD 648.69 million between 2021 and 2025, accelerating at a CAGR of over 5%. Factors such as significant cost savings in operations due to process control and growing benefits of inspecting bulk foods in-line will drive the growth of the industrial automation market in food safety and inspection during 2021-2025. However, volatility in prices of raw materials might hamper market growth.

Regulations pertaining to food safety are expected to offer several opportunities for players in the market. On the other hand, issues with electrical noise are huge challenges in front of the industry.

The report on the industrial automation market in food safety and inspection provides complete insights on key vendors including Advantech Co. Ltd., Clarke Solutions LLC, Cognex Corp., Illinois Tool Works Inc., Inspection Systems Pty Ltd., John Bean Technologies Corp., Mettler Toledo International Inc., Peco InspX, Teledyne Technologies Inc., and Thermo Fisher Scientific Inc.

The competitive scenario provided in the industrial automation market in food safety and inspection report analyses, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Source - Industrial Automation Magazine