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ID Technology, REA Elektronik GmbH, Domino Printing, Matthews International, Dover Corporation & Danaher Corporation are the Major Key Players in the U.S. Coding and Marking Systems Market By 2023
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Some of the major players operating in the U.S. coding and marking systems market are ID technology, REA Elektronik GmbH, Domino Printing Sciences plc, Matthews International Corporation, Dover Corporation, and Danaher Corporation.
On the basis of technology, the U.S. coding and marking systems market is segmented into continuous inkjet, thermal transfer overprinting (TTO), thermal ink jet, drop on demand (DoD), print and apply labelers, laser coding and marking. Of these, laser coding and marking is the fastest growing category in the market, with respective volume and value CAGRs of 7.9% and 8.7% during the forecast period.
Laser coding printers provide readable text, graphics, and serial numbers along with 2D codes on different packaging cartons, metal, plastics, and flexible packaging, with the highest quality. These properties lead to surge in their demand in the market.
In the U.S., boost in the manufacturing sector owing to stable macroeconomic outlook and decrease in the cost of managing the supply chain owing to vertical integration by leading players are also fueling the growth of the U.S. coding and marking systems market.
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U.S. 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
• Others
By End User
• Food and Beverages
• Electrical & Electronics
• Automotive & Aerospace
• Chemicals
• Healthcare
• Others
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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