Global Coding and Marking Systems Market
Market Segments: By Technology (Continuous Inkjet, Thermal Transfer Overprinting, Thermal Inkjet, Drop on Demand, Print & Apply Labeling, Laser Coding & Marking); By End User (Food & Beverages, Electrical & Electronics, Automotive & Aerospace, Chemicals, Healthcare & Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Machines that print production dates, barcodes, trademarks, and other product information on product surfaces and packages are coding and labeling devices. In industrial fields such as food & beverages, pharmaceuticals, chemicals, and other houses, code and label printers are commonly used. This study focuses on and counts on coding and marking equipment, which does not include coding and marking consumables.
Global Coding and Marking Systems Market is expected to project a notable CAGR of XX.X% in 2030.
Global Coding and Marking Systems Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30.
The rising application of products in the food & beverage and pharmaceutical industries, along with a rise in demand for them from the automotive sector, is one of the main growth drivers for the coding and labelling systems industry due to the increasing sales of electric vehicles.
Global Coding and Marking Systems Market: Segments
Continuous Inkjet Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Coding and Marking Systems Market is segmented by technology into Continuous Inkjet, Thermal Transfer Overprinting, Thermal Inkjet, Drop on Demand, Print & Apply Labeling, Laser Coding & Marking. The greater market share in 2019 was accounted for by the continuous inkjet and is projected to attain the fastest growth.
This is partly due to the technology’s many advantages, including high-speed printing and the ability to print characters on almost any material. In addition, the use of the technology enables devices to operate for long hours, with minimal maintenance requirements, making their operations cost-effective.
Global Coding and Marking Systems Market: Market Dynamics
Growing application of coding and marking systems in F&B, and pharmaceutical industry
One of the primary factors driving the growth of the coding and marking systems market is the growing demand for such equipment from the food & beverage, pharmaceutical, and cosmetic industries. Due mainly to the high demand from food & beverage firms, the food & beverage industry is taking the largest market share.
High price of coding and marking machines
However, stringent regulations by the government agencies and high cost of these systems are further expected to impede the growth of global coding and marking systems market.
Global Coding and Marking Systems Market: Regions
Global Coding and Marking Systems Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Coding and Marking Systems Market in Asia-Pacific held the largest market share of XX.X% in 2019 and the trend is likely to continue during the forecast period. This is primarily due to strict government controls, an increase in the production of food, and an increase in the export of packaged food goods.
In addition, food consumption in the region is likely to increase with the rising population in the region, thereby further propelling the packaged food & beverage sector. In recent years, due to the rapid penetration of counterfeiting and piracy in most industries, the importance of coding and marking in the APAC region has increased in multiple ways.
Due to the launch of the Trans-Pacific Collaboration Agreement that will build more manufacturing industry plants, the Asia Pacific region will need more coding and labelling printers in the coming few years.
Key Developments in the Market:
• In June 2020, Domino Printing Sciences plc announced that it will be introducing X630i, its first digital inkjet product offering for corrugated materials. Along with this automated inkjet printing solution, the company will also launch a new ink set based on the novel water-based ink technology.
Global Coding and Marking Systems Market: Key Players
• REA Elektronik
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• ANSER Coding
• Beijing Hi-Pack Coding
• Control Print
• EBS Elektronische Beschriftungs-Systeme
• Guangzhou EC-Pack Packaging Equipment
• ID Technology
• Koenig & Bauer Coding
• Macsa ID
• Matthews International
• Paul Leibinger
Global Coding and Marking Systems Market report also contains analysis on:
Global Coding and Marking Systems Market:
• Continuous inkjet
• Thermal transfer overprinting
• Thermal ink jet
• Drop on demand
• Print & apply labelers
• Laser coding and marking
o Direct part marking (DPM)
o Laser coding
• Coding and Marking Systems Market Dynamics
• Coding and Marking Systems Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints