The Europe Coding And Marking Equipment Market would witness market growth of 4.2% CAGR during the forecast period (2021-2027).
Food quality can have a direct impact on the health of customers. As a result, food safety is becoming a key worry for the food industry’s incumbents. Compromises in quality, compliance problems, and subsequent product recalls can result in significant financial losses, as well as a tarnished reputation, a loss of customer loyalty, and lower brand value for food firms. As a result, food and beverage manufacturers are emphasizing the use of coding and labeling technology.
One of the most significant operations in the building business is coding and marking. It not only aids in product identification, but also in product traceability once the product has been delivered to the customer. The most acceptable coding approach for this is determined by the manufacturing method and material composition.
The rate of adoption of the latest and advanced technologies is very high across this region. Countries like Germany and the United Kingdom are highly developed countries with robust spending power. People across these countries are aware of the benefits of real packaged products. Majorly, the food and beverages sector across Europe is highly using coding and marking equipment in order to offer more authenticity in edibles to people of the countries around the region.
The Germany market dominated the Europe Coding And Marking Equipment Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,367.3 Million by 2027. The UK market would witness a CAGR of 3.4% during (2021 - 2027). Additionally, The France market is anticipated to grow a CAGR of 4.9% during (2021 - 2027).
Based on Product Type, the market is segmented into Continuous Inkjet (CIJ) Printer, Thermal Inkjet (TIJ) Printer, Laser Printer, Piezo Inkjet Printer, and Others. Based on Vertical, the market is segmented into Food & Beverage, Pharmaceutical, Construction, Cosmetics, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hitachi, Ltd., Danaher Corporation, Matthews International Corporation, ProMach, Inc., HSA Systems ApS, Koenig & Bauer Coding GmbH (Koenig & Bauer AG), Leibinger Group, Markem-Imaje (Dover Corporation), Domino Printing Sciences PLC (Brother Industries), and REA Elektronik GmbH.
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