Press release
Continuous Ink Jet technology to dominate Worldwide Coding and Marking market in 2021
coding marking packaging market by Beige market intelligence
Coding or marking is essential for the establishment of the authenticity of the product. It is required to inform the supply chain about the information and current destination about a product. It sets a unique identity to the product and enhances its traceability. Previously, the coding procedure was done manually. This used to be labor intensive and was prone to errors. After the advent of highly reliable coding and marking machinery, it was largely adopted by companies across varied industries. The market is expected to boom in future.
Market research analysts at Beige Market Intelligence, forecast the Worldwide Coding and Marking market to grow at a CAGR of over 7% by 2021
The recently released report “Worldwide Coding and Marking Market-Strategic Assessment and Forecast till 2021” provides an in-depth market analysis of market size and growth of Worldwide Coding and Marking market. This market research includes a detailed market segmentation of the Worldwide Coding and Marking Market by technology segment as well as geographic segment.
The coding and marking market by technology is segmented as Continuous Ink Jet Printer (CIJ), LASER, Piezo Ink Jet Printer (PIEZO), Print and Apply Labelling Products (PALM), Thermal Ink Jet Printer (TIJ), Thermal Transfer Overprinting Printer (TTO), Valve Jet Printer (VIJ). According to the market research report the CIJ printer is analysed to have the major market share.
Continuous Ink Jet Printer CIJ Technology Segmentation
CIJ coding technique is the most commonly used coding and marking technique. This is mainly because the procedure of installation of this type of printer is easy. It can also be opted to print on any type of surface. The technology has a high pressure pump which targets the ink through a nozzle onto the surface of the target material. The CIJ printers are the oldest type of printer. CIJ held the highest market share of 31% of the coding and marking market share in 2013.
The analyst at Beige Market Intelligence forecast that CIJ is expected to dominate the worldwide coding and marking market in 2021. The major factor driving the CIJ market is easy installation and affordable price as compared to other printer. The Laser coding and marking market has the second highest growth rate followed by the CIJ. Also the Thermal transfer overprint coding and marking market is expected to have the highest growth rate of 8.12 percent in comparison to the worldwide CAGR of 7.33 percent during the forecast period 2016-2021.
For more information click:http://www.beigemarketintelligence.com/reports/research-report-consumer-and-retail-market/coding-and-marking-market-report/
The report also presents the vendor landscape and a corresponding detailed analysis of the five key market vendors. It lists the value chain analysis of the respective market. In addition, it discusses the major drivers that influence the growth of the market and the restraints faced by vendors and the market at large. The report also outlines the key trends emerging in the market that will contribute to the growth.
The major vendors outlined in the report are include Dover, Danaher, Domino Printing Sciences, ITW, Matthews Marking System.
Other prominent vendors in the market include Control Print, ID Technology, Iconotech, Macsa, Hitachi Industrial Equipment Systems, Weber Marking Systems, Xaar.
About Beige Market Intelligence
Beige Market Intelligence is new-age provider of competitive business intelligence, working across various industry verticals. Our expertise and knowledge ensures that the market analysis Beige provides is comprehensive, detailed and complete. The analysis helps our client organizations become aware and make educated decisions, as far as investing or devising a marketing strategy is concerned. The actionable insights delivered through our market research provide a comprehensive market analysis for every level of market segmentation in an industry. Beige Market Intelligence is a quality driven high end Market Research organization. Our team of experts ensure the analysis you receive is not just analysed and smartly presented, but is completely customized based on the client’s requirement. Our deliverables guarantee our current global client base does not look beyond Beige when it comes to any kind of industry and market analysis.
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