Coding and Marking Market to Hit $8.74% by 2028, More than $4 Billion Opportunities in the Next 6 Years - Arizton

According to Arizton's latest research report, the coding and marking market will grow at a CAGR of 8.74% during 2022-2028.

The coding and marking market is expected to witness intense competition with increasing manufacturers in the F&B industry and other end-user industries. However, the major challenge that the market faces is the rapid adoption of technological developments to meet end-user requirements. This is because the end-use industries have brought products to market and launched the product rapidly. Hence, coding and marking vendors are required to deliver technologies fast without impacting the quality of their long-term planning.

The advent of Industry 4.0 is expected to boost quality, efficiency, and productivity along the value chain. Data exchange and automation are the key trends in Industry 4.0, and the same applies to the coding and marking market. Coding and marking vendors have slowly experienced the need to integrate systems, machines, and processes during factory production stages. Moreover, end-use industries are expected to demand machines to prevent downtime, pinpoint issues, and avert problems. This might pose a huge challenge for smaller vendors and new entrants.

Key Highlights

Almost 50% of the demand for coding and marking arises from the F&B industry. The various segments of the F&B industry are essential food items that generate demand in all seasons.

International coding vendors must differentiate their products through additional services and support to sustain themselves in this competitive business environment.

CIJ technology will continue to dominate the coding and marking market. However, TIJ, TTO, PALM, and laser technologies will witness above-average growth rates during the forecast period.

Industry trade platforms, such as trade shows, events, webinars, conferences, and exhibitions, are key opportunities for vendors to showcase their offerings and interact with customers globally.

Collaborating with end-user industries to deliver customized solutions is key to success for market vendors.

Packaging Industry Post COVID-19 Scenario

The post-pandemic packaging industry has witnessed a huge demand for packaging designs. Consumers shifted towards sustainability packaging with strong narratives. This is revamping the packaging sector. Earlier, people were price-conscious, but the focus shifted toward hygiene and safety. Government bodies may strengthen the requirements related to food packaging & processing to ensure safe food is provided to consumers. Consumers are now willing to pay more for all-around packaging, which includes safety and hygiene. 

Due to such factors post-COVID-19, consumers are increasingly interested in the information and data available on the products' packaging, quality, origin of the raw material, health claims, and disposal of the packaging. A massive increase in demand for e-commerce creates vast opportunities for the packaging industry. Buying groceries online is also a trend that is significantly booming the packaging sector, and after some time, buying everything online will be a preferred mode for consumers. Hence, this will boost the demand for packaging, increase the development of anti-counterfeit solutions in packaging, and contribute to the coding and marking market growth.

Key Company Profiles
Danaher
Dover
Brother Industries
Hitachi Industrial Equipment & Solutions
ITW Diagraph
ANSER Coding
ATD UK
Beijing Hi-Pack Coding
Control Print
EBS Inkjet Systems
Guangzhou EC-Pack Packaging Equipment
Iconotech
ID Technology
InkJet
KGK Jet
KEYENCE
Koenig & Bauer Coding
Kortho Coding & Marking
Laserax
Leibinger Group
Macsa ID
Matthews International
REA Elektronik
SATO Holdings
Squid Ink
Weber Marking Systems
Xaar
Zanasi

Market Segmentation

Technology: CIJ Technology, Laser Technology, Palm Technology, TTO Technology, PIJ Technology, VIJ Technology, and TIJ Technology

End-Users: F&B, Healthcare, Electrical & Electronics, Chemicals & Construction, Automotive & Aerospace, and Others

Product Mix: Consumables, Equipment, and Spare Parts & Aftermarket

Geography: APAC, North America, Western Europe, Latin America, Middle East & Africa, and Central & Eastern Europe 

Key Questions Answered in the Report: 
How big is the coding and marking market?
What is the growth rate of the global coding and marking market?
What are the growing trends in the coding and marking industry?
Which region holds the most significant global coding and marking market share?
Who are the key players in the global coding and marking market?

Get the Detailed TOC @ https://www.arizton.com/market-reports/coding-and-marking-market-2024?details=tableOfContents

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This release was published on openPR.