Sales of Coding and Marking System Market Will See Strong Expansion Through 2029
๐๐จ๐๐ข๐ง๐ & ๐๐๐ซ๐ค๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐งIn terms of global revenue, the coding & marking systems market is anticipated to register growth at 5.5% CAGR during the forecast period of which, TMR provides a detailed analysis of lucrative growth opportunities in the coding & marking systems market report.
๐๐๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ - https://www.transparencymarketresearch.com/coding-marking-system-market.html
Coding and marking systems are used for printing the required codes or marks or information on different types of surfaces. Coding and marking systems offer various features & benefits such as high speed, clear & precise printing, high-resolution image, tractability, brand protection, brand building, quality assurance, etc., which make them popular among end-use industries. As per the TMR analysis, end-use industries such as food & beverage, pharmaceuticals, construction, personal & homecare, electrical & electronics, automotive, etc., fuel the demand for coding and marking systems. The emergence of new and advanced technology in coding and marking systems is also creating market growth opportunities.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13412
๐๐ข๐ฌ๐ข๐ง๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐๐๐๐ข๐ง๐๐ฌ ๐๐ง๐ ๐๐ข๐๐-๐ฌ๐๐ฏ๐ข๐ง๐ ๐๐ซ๐ฎ๐ ๐ฌ ๐๐จ๐ฅ๐ฌ๐ญ๐๐ซ๐ฌ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐๐ฌ๐๐ซ ๐๐จ๐๐๐ซ๐ฌ ๐๐ฎ๐ ๐ญ๐จ ๐๐๐๐๐-๐๐
Laser coders are used in the pharmaceutical industry for coding medicines. The COVID-19 gave rise to the development of new vaccines, which ultimately gave rise to coding and marking systems, especially, laser coders. The increasing production of vaccines leads toward the upgrading of laser coder capacity to meet the requirement. Manufacturers of laser coders started to upgrade their coders to fuel huge demand for vaccines as every vaccine is provided with a different code, which is printed using a laser coder.
Linx Printing Technologies Ltd. upgraded its laser coder due to the necessity as a result of rise in the production of vaccines. Linx's laser coder was used for coding on medicines. The coding is necessary on pharmaceutical products to avoid fake products as well as to avoid any consequences caused due to the intake of wrong medicine or dose. Therefore, the rise in COVID vaccines gave rise to the coding and marking systems.
๐๐๐ฐ ๐ ๐จ๐จ๐ ๐๐๐๐๐ญ๐ฒ ๐๐ง๐ ๐๐ญ๐๐ง๐๐๐ซ๐๐ฌ ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ ๐ฆ๐๐ง๐ญ ๐๐๐ฅ๐๐ฌ ๐จ๐ ๐๐จ๐๐ข๐ง๐ & ๐๐๐ซ๐ค๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ
In 2019, The Food Safety and Standards Authority of India (FSSAI) updated the food safety and standards for regulating the labelling & display of packaged foods. The pre-packed food needs to have specific labelling and needs to display information such as where the food is manufactured, processed, served, and stored. This regulation makes it necessary for food manufacturers to use some coding and marking systems to print the necessary and mandatory information on the food package.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=13412
The amendment of new regulations in the food industry regarding the display and labelling of information creates a new market growth opportunity for coding and marking systems. The food manufacturers are adopting systems, which offer them high resolution for printing the codes or marks on the food package, along with high speed. Overall, the new food safety and standards regulation propel the demand for coding and marking systems in the food industry.
๐๐ง๐ญ๐ข-๐๐จ๐ฎ๐ง๐ญ๐๐ซ๐๐๐ข๐ญ๐ข๐ง๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐ฆ๐จ๐ง๐ ๐๐๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐ง๐-๐ฎ๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ
According to the report of the Organization for Economic Co-operation and Development (OCED) and the EU's Intellectual Property Office, the trade of counterfeit products is rising steadily and in 2019, it was around 3.3% of the global trade. Counterfeit products lead toward the loss of brand value of anti-counterfeit products creating losses. In order to avoid the consequences of counterfeit products, end-use industries are focusing on providing unique, hidden, and traceable codes and markings. This gives rise to sales of coding and marking systems.
Moreover, the rising sales on online platforms are giving impetus to sales of fraudulent products, which hamper market growth of anti-counterfeit products. With the help of a coding and marking systems, end-use industries can offer codes and markings on their products, which can help them trace the product and identify counterfeit products.
๐๐จ๐๐ข๐ง๐ & ๐๐๐ซ๐ค๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
Key market players in the coding & marking systems market are focusing on strategic expansions and acquisitions to maintain their supremacy across the regions and eyeing lucrative growth offered by emerging markets:-
In June 2021, Markem-Imaje Corporation announced the acquisition of Blue Bite LLC, a company engaged in providing innovative workflow software solutions
In November 2020, Markem-Imaje Corporation announced the opening of a new facility in India to fulfil the need for product identification and traceability solution in India
The Tier structure is formed based on segmental revenues earned by the sales of coding & marking systems by the company. According to the tier structure, Hitachi America, Ltd. and Videojet Technologies, Inc. are major manufacturers included in tier 1. In addition, Markem-Imaje Corporation and Domino Printing Sciences plc are included in Tier 2. Moreover, Squid Ink Manufacturing Inc., ATD Ltd., MACSA ID, S.A., Linx Printing Technologies Ltd., REA Elektronik GmbH, and other manufacturers are included in Tier 3.
๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐๐ข๐ง๐ & ๐๐๐ซ๐ค๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Coding & Marking Systems Market by Technology Type
Continuous Inkjet (CIJ)
Piezo Inkjet (PIJ)
Thermal Inkjet (TIJ)
Laser Coding
Others (TTO,VIJ, and Print & Apply Label)
Coding & Marking Systems Market by Application
Primary
Secondary
Tertiary
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=13412
Coding & Marking Systems Market by End Use
Food & Beverage
Pharmaceuticals
Construction
Personal & Homecare
Electricals & Electronics
Automotive
Chemicals & Fertilizers
Other End Use
Coding & Marking Systems Market by Region
Americas
Europe
Asia Pacific Excl. China
China
MEA
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Nikhil Sawlani
Transparency Market Research Inc.
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