Mentions of robotics increased by a CAGR of 176% in the food industry since 2020
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The global food industry experienced a 176% rise in compound annual growth rate (CAGR) in company filings mentions of robotics since 2020. Key companies in terms of mentions include AGV PRODUCTS, Sime Darby Plantation, and The Bidvest Group, according to GlobalData’s analysis of over 270 food company filings.
Notably, since 2020, robotics was the most referenced theme in terms of mentions, ahead of artificial intelligence and internet of things, according to GlobalData's Company Filings database. Mentions related to robotics increased by 192% year-on-year in 2021 and by 161% year-on-year in 2022.
Deal activity related to robotics in the global food industry in the last five years
Top five companies by mentions of robotics in the global food industry since 2020
Of the 50 leading companies in the food industry, The Bidvest Group had the highest year-on-year increase in references to robotics in 2022. GlobalData identified 16 robotics related sentences in the company's filings in 2022, 4% of all sentences. Meanwhile, Thai Wah had the highest year-on-year increase in references for robotics in 2021. GlobalData identified 5 robotics related sentences in the company's filings in 2021, 3% of all sentences.
Company filings sentiment related to robotics in the global food industry since 2020
GlobalData’s Company Filings Analytics also applies a sentiment weight to reference sentences, based on how positive the sentiment has turned. Sentiment score is based on the level of positivity on a scale of 0 to 1. The average sentiment score for robotics in 2022 was 0.84, which was more positive compared to the average industry sentiment of 0.68.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
Global Data’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.