India Coding and Marking Systems Market Size, Growth Analysis, Opportunities, Trends, Developments and Demand Forecast to 2030

The India coding and marking systems market, in 2021, generated $42.7 million, and it is expected to grow with a rate of 12% from 2021 to 2030, to reach $127.6 million by 2030, attributed to the strict regulations of the government considering the product labelling and enhanced traceability. The rise in the number of manufacturing and packaging facilities drives the market. The rise in the usage of such equipment in pharmaceutical and, food and beverage industries drive the market.

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The market is dominated by systems with a 90% share, attributed to wide usage of these machines in numerous industries. It includes pharmaceutical, automotive, chemicals, agrochemicals and FMCG manufacturing entities, due to facilitation of coding and marking systems to facilitate the tracking, tracing and authentication of products. The positive market outlook signifies the increased opportunities in near future with mass production of coding and marking systems to cater the increased demand.

The India coding and marking systems market will grow at a rapid rate, due to increased demand to trace and authenticate, to further prevent counterfeiting. Fake products, especially food and pharma products, and even fraudulent pieces of clothing, are a major threat in India, leading to millions in losses for genuine companies. The demand for coding and marking systems is expected to propel in the near future to cater the manufacturing demands, attributed to the heavy investments that these companies are making to increase their operational efficiency.

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The key players of the India coding and marking systems market are aiming to launch new projects to beat their competitors. The major providers of these systems, including Control Print Limited, Dover Corporation, Domino Printing Sciences plc, and Danaher Corporation, are launching products to improve their standing in the market. For instance, an advanced remote user interface was launched by Marke-Imaje Group for SmartDate X30 thermal overprinting system in October 2021. Similarly, K600G - a web digital printing and blister foil solution, was launched by the Domino Printing Sciences plc in November 2020.

Thus, the expansion of the manufacturing and packaging industries in the region and rising trend of launching new products by key market players leads to market boom.

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Global Coding and Marking Systems Market Report: https://www.psmarketresearch.com/market-analysis/coding-and-marking-market

Turkey Coding and Marking Systems Market Report: https://www.psmarketresearch.com/market-analysis/turkey-coding-and-marking-systems-market

Germany Coding and Marking Systems Market Report: https://www.psmarketresearch.com/market-analysis/germany-coding-and-marking-systems-market

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