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Coding and Marking Systems Market Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2023
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Coding and marking technologies have wide applications in industries such as food and beverage, automotive, electrical and electronics, chemical, healthcare, and others.
Coding and marking devices print product related details on the packaging such as price, batch number, manufacturing and expiry date, manufacturer information, ingredients, and other related information. Coding and labelling allow the identification and tracking of components through the different phases of the production process.
Asia-Pacific held the largest share of the global coding and marking systems market in 2017. The application of coding and marking systems is gaining momentum in the food and beverage industry owing to stringent government regulations, increase in food and beverage, and increase in export of packaged food items. This in turn is driving the growth of the market in the region.
Europe was the second largest region with an estimated contribution of more than 23.0% in the global coding and marking systems market in 2017. From the supply side, the growth of the European market is driven by factors such as increase in access to low cost coding and marking technology, due to growth in the manufacturing sector of Germany.
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Some of the major players operating in the coding and marking systems industry are Danaher Corporation, ATD Marking Systems, ID Technology, Inkjet Inc, Hitachi Ltd, Dover Corporation, Diagraph Group, Matthews International Corporation, Domino Printing Sciences plc, and Overprint Packaging Ltd.
GLOBAL CODING AND MARKING SYSTEMS MARKET SEGMENTATION
By Technology
Continuous Inkjet
Thermal Transfer Overprinting
Thermal Ink Jet
Drop on Demand
Print & Apply Labelers
Laser Coding and Marking
Direct Part Marking (DPM)
Laser Coding
Others
By End User
Food & Beverage
Electrical & Electronics
Automotive & Aerospace
Chemical
Healthcare
Others
By Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa (MEA)
Turkey
Saudi Arabia
South Africa
Rest of MEA
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