Coding and Marking Systems Market - Opportunities, Share, Growth and Competitive Analysis and Forecast 2029

Data Bridge Market Research analyses that the Coding and Marking Systems Market was valued at USD 6.69 billion in 2021 and is expected to reach USD 10.87 billion by 2029, registering a CAGR of 6.25 % during the forecast period of 2022 to 2029.

Industry Analysis

Demand for coding and marking in the market is obstructed by the outlook in the retail sector and the need of end-users in various sectors such as food and beverage, cosmetics, chemical, pharmaceutical, construction building material, and others. On both primary and secondary packaging materials, the rising usage of coding and marking systems for government identification codes, batch number printing, and printing labels, among other things, presents significant growth potential.

Coding and marking systems are broadly used in the automotive sector code. Coding and marking is used to print part numbers or anti-counterfeit labels on automobile components to stop the sale of counterfeit parts. In the production and intralogistics operations of packaged consumer and industrial goods, coding and labelling are critical. Product-related information such as the manufacturing date, batch number, and expiry date, as well as other details, are printed on the packaging using coding and marking techniques.

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