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Coding and Marking Market Analysis Global Forecast 2023 Report
ReportsnReports.com adds "Coding and Marking Market - Global Outlook and Forecast 2018-2023" report to its research store.This coding and marking market report offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by technology (primary package coding (CIJ, Laser, TIJ, and TTO) and secondary and tertiary packaging coding (VIJ, PALM, and PIJ)), by product mix (equipment, consumables, and spare parts and aftermarket), by end-user industries (chemicals & construction, food & beverage, electrical & electronics, healthcare, and others), and by geography (APAC, Central & Eastern Europe, Latin America, Middle East & Africa, North America, and Western Europe).
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The major vendors in the global coding and marking market are:
Danaher
Dover
Brother Industries
Hitachi Industrial Equipment Systems
ITW
Coding and Marking Market - Overview
The establishment of stringent government standards and laws that prevents counterfeit of products is propelling the growth of the global coding and marking market. The growing adoption of the centrally integrated system, automated inventory operations, and high throughput of production processes will boost the demand for these services in the global market. These devices are used to deliver the information about production date and timing of the product, location of production, and details of usage and consumption in the market.
The vendors are leveraging the marking process to shorten the length of the production process enhancing the value addition and reduce product counterfeiting in the market. The increasing focus on developing eco-friendly systems to reduce bioaccumulation and eco-toxicity due to their environment-degrading components will transform the market and promote sustainable development.
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The exponential growth of the packaging industry will create new opportunities for leading players in the global market. Industries such as pharmaceutical, food and beverage, automotive, and cosmetics are the key end-users in this market. The increasing requirement and use of highly efficient, speedy, and reliable processes in industrial sectors will revolution the coding and marking market.
The growing importance printing information such as manufacture date, expiry, batch numbers, promotional codes, and the quality control information is driving the demand for these devices in the global market. The increasing production capacity by manufacturing industries and rapid urbanization is augmenting the growth of this market in the emerging regions in APAC. The global coding and marking market is projected to reach values of over $7 billion by 2023, growing at a CAGR of approximately 7% during 2018-2023.
The global coding and marking market by technology is segmented into primary package coding (CIJ, Laser, TIJ, and TTO) and secondary and tertiary packaging coding (VIJ, PALM, and PIJ). CIJ technique is the commonly used method in the market and is estimated to grow at a CAGR of over 6% during the forecast period.
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The easy installation procedure, user-friendliness, high-speed printing, and its "quick-dry" nature are some of the factors attributing to the popularity of CIJ technique in the global market. This technology uses a high-pressure pump, which targets the ink through a nozzle onto the surface of the target material and is extremely versatile and enables printing on virtually any surface. Companies such as ID Technology and Domino Printing Sciences are some of the leading companies offering a wide array of CIJ solutions for several end-user industries in the global coding and marking market.
The global coding and marking market by geography is divided into APAC, Central & Eastern Europe, Latin America, Middle East & Africa, North America, and Western Europe. APAC occupied that largest market share in 2017, growing at a CAGR of approximately 8% during the forecast period. The development of innovative, flexible packaging designs in Japan, South Korea, China, Indonesia, and India is propelling the growth of APAC region in the market. The presence of robust manufacturing industries, including automotive, construction, chemicals, defense, and aerospace will boost the demand for sophisticated equipment in the global market.
The rise in the number of urban population and development of the retail infrastructure will help the vendors expand their businesses in the APAC region. The expansion of various industrial sectors such as iron and steel, cement, and textile that requires identification of products will have a positive impact on the overall growth of the coding and marking market in the APAC region.
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The key countries profiled in the report are: China, Japan, India, US, Canada, Germany, France, UK, Brazil, Mexico, Argentina & Turkey
Other prominent vendors include ANSER Coding, Beijing Hi-Pack Coding, Control Print, EBS Elektronische Beschriftungs-Systeme, Guangzhou EC-Pack Packaging Equipment, Iconotech, ID Technology, InkJet, KBA-Metronic, KEYENCE, Kotho, Macsa ID, Matthews International, Paul Leibinger, REA Elektronik, SATO Holdings, Squid Ink, Universal Labeling Systems, Weber Marking Systems, Xaar, and Zanasi.
Key market insights include:
1. The analysis of global coding and marking market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global coding and marking market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of global coding and marking market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.
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