Global Rice Milling Machinery Market 2018-2022 | Expansion of Rice Processing Plants to Boost Demand | Technavio

January 2, 2019

LONDON--(BUSINESS WIRE)--Jan 2, 2019-- analysts forecast the global rice milling machinery market to have an incremental growth of USD 201.81 million during the forecast period, according to their latest market research report. The growth momentum of the market is expected to accelerate in the year-over-year growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190102005322/en/

Technavio forecasts the global rice milling machinery market to have an incremental growth of USD 201.81 million by 2022. (Graphic: Business Wire)

The growing need for automation in rice processing machines is one of the major trends being witnessed in the . Rice is one of the main crops and a staple food in many countries. Thus, with the increase in population, its production also needs to rise. This factor has encouraged many rice processing plants to automate the milling operations. Automation in rice processing machine provides many benefits such as higher yield and overall improvement in the efficiency of operations.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global rice milling machinery market is the expansion of rice processing plants:

Global rice milling machinery market: Expansion of rice processing plants

The demand for rice is increasing with the rise in population of many countries. This has encouraged many rice processing companies to expand production by opening new rice processing plants, which in turn, is increasing the demand for rice milling machinery. Such an expansion of various rice processing companies is likely to benefit the people of many countries whose main and staple food is rice.

According to a senior analyst at Technavio, “In June 2017, India based LT foods opened its new rice processing plant at Rotterdam, the Netherlands, with the aim to increase rice production. Similarly, in August 2017, WACOT rice opened a new rice milling facility at Kebbi state, Nigeria, to increase its rice milling capacity up to 500,000 metric tons per annum. Such plans by various rice processing companies are likely to increase the demand for rice milling machinery during the forecast period.”

Global rice milling machinery market: Segmentation analysis

The global rice milling machinery market research report provides market segmentation by product (horizontal roller rice milling machinery and vertical roller rice milling machinery) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

APAC held the largest share of the market in 2017, accounting for more than 74% share. It was followed by the Americas and EMEA respectively. The dominance of APAC can be attributed to the expansion of rice processing plants and a rising focus on increasing shelf life of rice.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190102005322/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200




SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/02/2019 08:58 AM/DISC: 01/02/2019 08:58 AM


Update hourly