Global bulk handling equipment for food & beverage industry propelled by automation & processed foods
The global bulk handling equipment for the food and beverage industry is forecast to grow at a compound annual growth rate of approximately 5 percent from 2017 to 2021, according to Technavio market research analysts.
Technavio analysts highlight the following three market drivers that are contributing to the growth of this equipment for the food and beverage industry:
- Rising disposable incomes in emerging economies
- Increased government support for processed foods
- Shift toward automation and modernization of processes
There has been a rise in demand for processed foods due to improvements in the economic conditions of developed countries, Technavio reports. This has also been accompanied by an increase in disposable income in developing countries such as China, India, and Saudi Arabia. This has resulted in increased demand for food processing machinery and solutions to meet the production requirements of F&B companies.
Government support for processed products in fruits and vegetables will aid in the growth of the food processing sector. This will propel the growth of the food industry, thereby driving the demand for bulk handling equipment.
Another driver influencing the growth of the market is the automation and modernization of process lines in manufacturing plants. Most of the food processing lines have automation and motion controls such as material conveying and positioning, drying, heating, and cooling. They also require other process parameters such as cleanliness, gentle handling, control of pressure, and temperature. This food processing machinery is also integrated with packaging and labeling equipment. With the increase in process automation in F&B processing, the market for bulk handling equipment is expected to grow during the forecast period.
Food safety regulations drive demand for food robotics
Increase in the food safety regulations is anticipated to drive the demand for food robotics in the near future, according to an Allied Market Research report.
In recent years, robotics have been adopted in the food and beverage industry primarily because of the advantages offered by these robots such as high speed of productivity, better cleanliness and hygiene, more flexibility, according to the report, "Food Robotics Market Size by Players, Type, Application and Forecast by 2023."
In addition, employee safety rules are expected to replace manual labors with industrial robots. These robots have added advantage that they can perform multiple tasks at the same time, thus giving more and improved productivity. The changes in lifestyle of people results in surge in demand for packaged and ready-to-eat food products. This in turn, is anticipated to boost the demand for food robotics during the analysis period.
Food & beverage temperature sensors market to see strong growth
The temperature sensors market will be valued at $6.86 billion by 2023 with a compounding annual growth rate of 4.5 percent between 2017 and 2023, according to MarketsandMarkets’s new report, “Temperature Sensors Market by Product Type and Geography – Global Forecast to 2023.”
The major factors driving growth of the temperature sensors market include the increasing demand for advanced and portable healthcare equipment and the growing automotive sector.
The temperature sensors market for the food and beverage industry is expected to grow at a high between 2017 and 2023. This market growth can be attributed to the rising concerns pertaining to food safety, increasing government regulations on storage and transportation of food products, and rising trend of frozen and preprocessed food products.
Thermocouples accounted for the largest market size among all the temperature sensors products owing to their wide applications across process and non-process industries.
PACK EXPO Las Vegas 2017
As consumers become increasingly aware of the growing food waste issue, manufacturers can look to packaging technology suppliers to proactively and successfully position their brands as being ahead of the issue. For companies seeking innovative solutions to the food waste challenge, PACK EXPO Las Vegas 2017 at the Las Vegas Convention Center, Sept. 25-27, will serve as North America’s largest packaging event. Co-located with the Healthcare Packaging EXPO, the two shows will bring together more than 30,000 attendees and 2,400 suppliers of packaging equipment and materials. To learn more about the advanced packaging solutions that will be on display as well as the educational and networking opportunities at the show, visit packexpolasvegas.com.
First ProFood Tech event a success
The first-ever ProFood Tech showcasing cutting-edge technologies and innovative solutions within the ever-evolving food and beverage industry welcomed more than 6,500 attendees with buying power and 3,000 exhibitor personnel in Chicago, April 4-6. Powered by three of the world’s trade show leaders — PACK EXPO, Anuga and the International Dairy Foods Association (IDFA) — the biennial show brought the industry together and addressed the key issues facing food and beverage processing operators in North America. The three-day event featured 447 of the world’s top processing suppliers, 144,000 net square feet of exhibit floor space and 45 hours of educational programming.
Galdi selects Eurotech to explore IoT technology
Galdi, a developer and producer of packaging machines for the food market, chose Eurotech’s Multi-Service IoT Gateway ReliaGATE 10-20 to communicate with its production machines for valuable data collection, management and remote monitoring through Eurotech IoT integration Platform Everyware Cloud. Galdi, which mostly operates internationally, selected Eurotech gateway because of its globally-compliant Wi-Fi and cellular certifications. According to the company, implementing this IoT technology will benefit both Galdi – which will be able to remotely manage its plants – and its customers, who have greater access to valuable data.
Tetra Pak pioneers new generation of digital technologies
Tetra Pak is using a new generation digital technology powered by Microsoft designed to boost manufacturers’ efficiency, cut costs and ensure food safety for customers in the food and beverage industry. The Microsoft HoloLens provides issues diagnosis and resolution service to reduce machine downtime and productivity loss while securing quick resolution of quality issues. Using HoloLens Mixed Reality smart glasses, Tetra Pak on-site service engineers can now work "alongside" the company’s experts to resolve problems. Tetra Pak is piloting the service in 2017 with 50 HoloLens devices and plans to expand the effort next year.
Orkla Food Ingredients signs license agreement with Renaissance BioScience Corp.
Orkla Food Ingredients, a business area of Orkla ASA, signed a license agreement with Renaissance BioScience Corp., to exclusively produce and sell Renaissance acrylamide-reducing yeast to food manufacturers in the European Nordic and Baltic markets. The agreement takes effect in the third quarter of 2017. Renaissance acrylamide-reducing yeast was granted GRAS status by the U.S. Food and Drug Administration in 2016 — the same status as conventional baker’s and brewer’s yeasts. It is patent-pending and was developed using classical non-GMO techniques.