Coding And Marking Equipment Market growing at a CAGR of 10.4% and is projected to reach $25.0 billion by 2032

Coding and Marking Equipment: Analyzing the Impact of Latest Innovations in the Industry

Coding and marking equipment and systems are machines used for printing information regarding barcodes, quick response (QR) codes, expiration dates, batch numbers, graphics, product descriptions, logos, and more. These systems are widely used in various end-use industries, including manufacturing, cosmetics, pharmaceutical, and food and beverage packaging. Moreover, demand for coding and marking systems has increased significantly in the consumer electronics industry as manufacturing of new devices requires marking circuit boards with important information. Also, these systems are used to codify certain electronic components such as resistors and capacitors based on their specifications so that the user identifies the component correctly. Today, many electronic items such as smartphones, tablets, and laptops are coded and marked using these machines.

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Prominent Coding and Marking Equipment Technologies Creating New Investment Opportunities

As per a report published by Allied Market Research, the coding and marking equipment market is anticipated to gather a revenue of $25.0 billion by 2032. The industry accounted for $10.7 billion in 2023 and is projected to rise at a CAGR of 10.4% during 2024-2032. The increasing adoption of advanced technologies and innovations is predicted to help the sector flourish in the coming period. For instance, the advent of continuous inkjet printers is an important development in the industry.

Unlike traditional coding and marking systems, continuous inkjet printers offer much better print quality by spraying microscopic ink on the packaging product. The ability of this technology to produce razor-sharp characters makes it an ideal solution for stamping barcodes and graphics on the material. Moreover, the printing speed of this machine is extremely high, around 2000 characters per second, which helps the packaging company improve its operational frequency.

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Similarly, the emergence of laser marking systems has played a vital role in the expansion of the sector. These machines are mainly used to imprint information or graphics on plastic, glass, metal, and other such hard surfaces. The ability to provide high contrast marks and emboss 2000 characters per second has made this technology highly popular for direct part marking (DPM) applications in the metalworking industry. Apart from productivity, these systems improve cost efficiency and product traceability, thus making them an essential component in the modern packaging sector.

Product Launches by Videojet Technologies and Markem-Imaje Creating Favorable Conditions for Growth

Recently, several leading players in the coding and marking equipment industry have launched innovative solutions to address the evolving demands of their customer base. For instance, in January 2024, Markem-Imaje, an industrial printing equipment supplier, unveiled a Marking Trigger Device designed specifically for portable coding and marking. The devices are developed to emboss characters and graphics on large construction elements such as pipes, tubes, and slabs. Guillaume Montagnat, product manager at Markem-Imaje, stated in the press release that the product has been launched keeping in mind the increased demand for advanced coding printers from the construction and real estate sectors.

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Similarly, in October 2024, Videojet Technologies, a major company in the coding and marking equipment market, announced that it would be showcasing its newly launched printing solutions at the Pack Expo 2024. Pack Expo is one of the leading events in the packaging sector and is attended by several industry leaders, experts, researchers, and entrepreneurs. Thus, the event provides an opportunity for the participants to present their innovations in front of a knowledgeable crowd. In the long run, these programs aid companies in making good investments, thereby broadening their scope of operations.

Key Benefits for Stakeholders 
This report provides a quantitative analysis of the coding and marking equipment market forecast, segments, current trends, estimations, and dynamics of the market analysis from 2023 to 2032 to identify the prevailing market opportunities. 

The market research is offered along with information related to key drivers, restraints, and opportunities. 

Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. 

In-depth analysis of the coding and marking equipment market segmentation assists to determine the prevailing market opportunities. 

Major countries in each region are mapped according to their revenue contribution to the global coding and marking equipment market statistics. 

Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. 

The report includes the analysis of the regional as well as global coding and marking equipment market trends, key players, market segments, application areas, and market growth strategies.

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In summary, the coding and marking equipment industry is anticipated to witness huge growth in the coming period due to the growing applicability of these systems in food and beverage packaging, manufacturing, and pharmaceutical industry. In addition, technological advancements in the sector are predicted to impact the market positively in the coming period.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the report

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