Global Bulk Handling Equipment For Food and Beverage Industry 2017-2021
About Bulk Handling Equipment for Food and Beverage Industry
Bulk material handling generally refers to the engineering involved in designing and manufacturing mechanical equipment that can handle and process bulk materials. Bulk material handling is one of the most essential parts in a manufacturing industry. Manufacturers from food and beverage (F&B), pet food, animal food, chemical, plastic, ceramic, rubber, electronics, mining, mineral, and many others use bulk material handling equipment.
Technavio’s analysts forecast the global bulk handling equipment for food and beverage industry to grow at a CAGR of 4.54% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bulk handling equipment for food and beverage industry for 2017-2021. The market size is calculated based on the demand for bulk handling equipment in the F&B sector.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bulk Handling Equipment for Food and Beverage Industry2017-2021
Technavio recognizes the following companies as the key players in the global bulk handling equipment for food and beverage industry: Bühler, Daifuku, Interroll, Meyer Industries, and The Schaefer.
Other Prominent Vendors in the market are: Belt Technologies, Flexicon, Hapman, Intelligrated, JBT, MAINWAY HANDLING, Nol-Tec, Spiroflow Systems, Swisslog, Turatti, and WESTFALIA TECHNOLOGIES.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Advancement in conveyor belts. Consumers in the F&B industry are always looking for high-quality and safe food. Food safety plays a major role in consumers purchasing decisions. Therefore, food manufacturers primarily focus on delivering safe and high-quality products to consumers.”
According to the report, one of the major drivers for this market is Rising disposable incomes in emerging economies. There has been a rise in demand for processed foods due to improvements in the economic conditions of developed countries. This has also been accompanied by an increase in disposable income in developing countries such as China, India, and Saudi Arabia. Consumers are more inclined to buy protein-rich foods and prefer buying food products that have high value, quality, and long shelf life. F&B companies are demanding for enhanced and unique food processing machinery and solutions to meet their production requirements, which will help to differentiate their products. Countries such as China and India are the largest producers of fruits and vegetables. These factors contribute to and influence the consumers who choose and demand a variety of products.
Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. Steel, stainless steel, rubber, and other metal alloys are the most common raw materials used in the manufacture of bulk handling equipment. These materials have volatile prices that affect manufacturers as well as end-user segments. The expanding gap between demand and supply has increased the cost of raw materials.
Bühler, Daifuku, Interroll, Meyer Industries, The Schaefer, Belt Technologies, Flexicon, Hapman, Intelligrated, JBT, MAINWAY HANDLING, Nol-Tec, Spiroflow Systems, Swisslog, Turatti, and WESTFALIA TECHNOLOGIES.