According to the latest study titled ‘GLOBAL Food Robotics Market 2019-2028’, available with Market Study Report, global food robotics market is anticipated to rise at a CAGR of 15.2% during 2019-2028.
 

Increasing demand for packaged food products, couple with strict rules & regulations concerning food safety are primarily driving the growth of global food robotics market. Further, rise in automation with focus on high speed & efficient productivity, alongside one-time investment, and no absenteeism are catalyzing the adoption of food robotics.
 

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On the downside, shortage of skilled personnel, high initial capital requirement, and threat to job loss are the major restraints in industry scenario.
 

Based on payload, global food robotics industry is bifurcated into low, medium, and high. In terms of type, the market is classified as SCARA, articulated, cylindrical, cartesian, collaborative, parallel, and others. According to application spectrum, the marketplace is segmented into repackaging, packaging, palletizing, processing, pick & place, and others.
 

Geographically, worldwide food robotics market dynamics are studied for Europe, Asia pacific, Middle East & Africa, and Latin America. As per the report, Asia pacific market is anticipated to grow at a faster pace over 2019-2028 as import of robots has seen a steady rise in the last few years. Consumer preference for ready-to-eat products, along with higher spending power, and rapid urbanization are swaying the business dynamics forward in APAC.
 

Speaking of the competitive scenario, Seiko Epson Corporation, KUKA Robotics Corp., Rockwell Automation Inc., Universal Robots, Mayekawa Mfg. Co. Ltd., Precise Automation Inc., Robert Bosch GmbH, and Bastian Solutions Inc. are the leading companies in global food robotics market sphere. With intense competition in this business domain, the leading contenders are undertaking strategic moves such as acquisitions & mergers, investments, and partnerships & collaborations to amplify their profit returns.