Press release
Coding and Marking Market - Industry Analysis and Market Research Report by Arizton Advisory & Intelligence
Coding and Marking Market - Global Outlook and Forecast 2017 - 2022
View report: https://www.arizton.com/reports/logistics-packaging/coding-and-marking-market
Coding and marking equipment are used to print product-specific details on the product. These details are to provide end-users and manufacturers authentic information about the product. Coding includes the printing of manufacturing dates, expiry dates, and the size of the packaged lot among other details. Printing of codes or marks printed on products helps manufacturers to reduce the risk of counterfeiting and protect the brand image among end-users.
The global coding and marking market is likely to reach $6 billion by 2022, growing at CAGR of 6.25% during the forecast period. The overall market growth is highly correlated to the growth of the global packaging industry. Since the global packaging industry is growing at a steady rate of approximately 5% annually, the global market is also experiencing high growth.
The global coding and marking market is likely to reach $6 billion by 2022, growing at CAGR of 6.25% during the forecast period. Increased instances of product counterfeiting and government regulations that mandate the printing of product-specific information on packets are fueling the demand for coding and marking services and helping the market to grow worldwide. The CIJ technology will dominate the market in 2022. Increased popularity of TIJ and laser technologies is giving tough competition to CIJ technology. Though the food and beverage segment is going to be a dominant end-user segment, the healthcare segment is expected to register the highest growth rate during the period. The APAC region is expected to remain as the leading coding and marking market.
Major vendors profiled in the report are as following:
Brother Industries
Danaher
Dover
Hitachi
ITW
Other prominent vendors in the market include Control Print, ID Technology, Iconotech, Inkjet,Keyence, Macsa, Matthews International, Paul Leibinger, SATO Holdings, Squid Ink, Universal Labeling Systems, Weber Marking Systems, and Xaar.
Scope of the Report
The report considers the present scenario of the global coding and marking market and includes a detailed study of growth drivers, trends, and restraints. It also profiles the leading vendors in the market and other key vendors.
The sale of major coding and marking equipment vendors was aggregated to arrive at an estimate of the market size in terms of volume. The same approach is used to calculate the market size in terms of revenue. An estimated 85–90% of the equipment providers’ capacities are mapped and considered in the calculations.
The report takes into consideration the sale of coding and marking and spares to the first-time buyers from various end-user segments, including individuals, hospitals, medical centers, and commercial clients. The sale was considered across various sales channels, including direct sales – online and offline.
The report provides the analysis of the key segments of the market by technology, end-user, geography, country, and vendors. It also provides a detailed analysis of the market size and revenue forecast. It provides the detailed market revenue of each segment such as
Technology Type (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))
End Users (Food and beverage, Healthcare, Electricals and electronics,
Chemicals and constructions, Others)
Major Geography (APAC, Eastern Europe and Central Europe, Latin America,
MEA, North America, Western Europe)
Key Countries (Argentina, Brazil, Canada, China, France, Germany, India,
Japan, Mexico, UK, US)
Innovation in products likely to drive the market
Increased manufacturing coding and marking equipment that are more graphic in nature, high demand from pharmaceutical, cosmetic, and food and beverage industries are among the leading factors that are going to accelerate the growth of the global market. The need for product identification and brand protection is increasing everyday among vendors worldwide. Manufacturers are encouraged to adopt coding and marking techniques to print product-specific information on packaged goods to protect the interests of end-users this trend is going to drive the market during the forecast period.
High impact of internet that helps end-users to make informed purchasing decisions, increased market consolidation, and high spending on R&D to introduce innovative applications and solutions in the market are among the emerging trends are likely to drive the market worldwide.
View reports: https://www.arizton.com/reports/logistics-packaging/coding-and-marking-market
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About Arizton
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-465-7864
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