Coding and marking equipment are used to print product-specific details on the product. These details are to provide end-users and manufacturers authentic information about the product. Coding includes the printing of manufacturing dates, expiry dates, and the size of the packaged lot among other details. Printing of codes or marks printed on products helps manufacturers to reduce the risk of counterfeiting and protect the brand image among end-users.
The global coding and marking market is likely to reach $6 billion by 2022, growing at CAGR of 6.25% during the forecast period. The overall market growth is highly correlated to the growth of the global packaging industry. Since the global packaging industry is growing at a steady rate of approximately 5% annually, the global market is also experiencing high growth.
The report provides a holistic view of the global coding and marking market, the companies involved in the market, and the factors driving its growth. The report also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.
Coding and Marking: Market Key Vendor Analysis Vendors providing high-quality products to penetrate the market
The competitive scenario in the global market is currently intensifying. Market leaders are providing high-quality products with additional features such as RFID system, QR codes required to enhance the performance of the products, while local vendors such as Macsa ID and Iconotech are providing inexpensive product offerings with basic features. Major vendors in the global market are Brother Industries, Danaher, Dover, Hitachi, and ITW.
Other prominent vendors in the market include Control Print, ID Technology, Iconotech, Inkjet, Keyence, Macsa, Matthews International, Paul Leibinger, SATO Holdings, Squid Ink, Universal Labeling Systems, Weber Marking Systems, and Xaar.
Coding and Marking: Market Dynamics Innovation in products likely to drive the market
Increased manufacturing coding and marking equipment that are more graphic in nature, high demand from pharmaceutical, cosmetic, and food and beverage industries are among the leading factors that are going to accelerate the growth of the global market. The need for product identification and brand protection is increasing everyday among vendors worldwide. Manufacturers are encouraged to adopt coding and marking techniques to print product-specific information on packaged goods to protect the interests of end-users this trend is going to drive the market during the forecast period. High impact of internet that helps end-users to make informed purchasing decisions, increased market consolidation, and high spending on R&D to introduce innovative applications and solutions in the market are among the emerging trends are likely to drive the market worldwide.
Coding and Marking Market: Segmental Overview Inkjet technology to dominate the market
The laser and TIJ coding and marking technology segments are expected to gain the market share during the forecast period. Inkjet technology to constitute almost 40% of the global market share in 2022. The CIJ segment is likely to lose its market share marginally to other technologies during the forecast period. However, these can be overcome due to its easy availability and high penetration within the market. The food and beverage segment will continue to hold the largest share of the market (50.71%) till 2022. It will be followed by the healthcare segment.
Coding and Marking Market: Geographical Analysis APAC is the fastest growing market
The report provides the market size of major regions such as APAC, Western Europe, Eastern and Central Europe, Latin America, MEA, and North America. The market in APAC is expected to witness a rapid growth rate due to high demand for coding and marking equipment in various end-user industries during the forecast period. APAC is also the fastest growing region in the global coding and marking market. The region is likely to remain the leader during 2016–2022. North America will be the second largest market during the forecast period. Legislations and industry mandates are expected to drive the global coding and marking market.
Our reports have been used by over 10K customers, including:
262 pages •
By Global Industry Analysts
• May 2019
This report analyzes the worldwide markets for Yeast in US$ Million. The Global, the US, and the European markets are further analyzed by the following Applications: Food & Beverage, Animal Feed, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America,...
303 pages •
By Global Industry Analysts
• May 2019
This report analyzes the worldwide markets for Fat Replacers in US$ Thousand by the following Product Segments: Carbohydrate-Based Fat Replacers, Protein-Based Fat Replacers, and Fat-Based Fat Replacers. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America,...
Report Scope: The scope of this report is broad and covers several types and applications of non-sugar sweeteners.The market is broken down by subtypes, applications, and regional markets for each of the submarkets. Revenue forecasts from 2018 to 2023 are provided for each of the major types of non-sugar sweeteners,...
The food emulsifiers market is projected to grow at a CAGR of 5.1%. The food emulsifiers market is estimated to be valued at USD 2.9 billion in 2018 and is projected to reach USD 3.7 billion by 2023, at a CAGR of 5.1% from 2018 to 2023. The market is driven by a rise in the consumption of convenience foods and premium foods...
2018 Future of Global Low-Intensity Sweeteners Market To 2025- Growth Opportunities, Competition And Outlook Of Low-Intensity Sweetener Types, Applications And Regions Report Global Low-Intensity Sweeteners markets are witnessing robust growth due to ongoing drive towards investments and plans for market expansion into...
2018 Future of Global Food Encapsulation Market To 2025- Growth Opportunities, Competition And Outlook Of Food Encapsulation by Shell Material, Core Phase, Technology and Regions Report Global Food Encapsulation markets are witnessing robust growth due to ongoing drive towards investments and plans for market expansion...
2018 Future of Global Sorbitol Market To 2025- Growth Opportunities, Competition And Outlook Of Sorbitol by Product Types, Applications, End-User, Function and Regions Report Global Sorbitol markets are witnessing robust growth due to ongoing drive towards investments and plans for market expansion into developing countries....
The report on the global beverage packaging market provides qualitative and quantitative analysis for the period from 2017 to 2025. The report predicts the global beverage packaging market to grow with a CAGR of 4.2% over the forecast period from 2019-2025. The study on beverage packaging market covers the analysis...
The report on the global gelatin market provides qualitative and quantitative analysis for the period from 2017 to 2025. The report predicts the global gelatin market to grow with a CAGR of 6.0% over the forecast period from 2019-2025. The study on gelatin market covers the analysis of the leading geographies such as...
105 pages •
By International Market Analysis Research and Consult
• Apr 2019
Potato starch refers to a fine powder obtained from the root tubers of the potato plant. Since it is tasteless, potato starch is generally used as a base material in food products without affecting their taste. It is also used as a gluing agent, additive, thickener and stabilizer in various food products. Additionally,...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.