The Indian coding and marking systems market is forecasted to reach $70.6 million by 2023, the market is mainly driven by the growth in the manufacturing and packaging industries and the increasing use of coding and marking systems in various industries.
Based on end user, the Indian coding and marking systems market is categorized into food and beverage, electrical and electronics, automotive and aerospace, chemical, healthcare, and others. Of all these, the food and beverage industry was the largest end-user category in the market in 2017, with a contribution of more than 45.0% share in terms of value.
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On the basis of technology, the Indian coding and marking systems market is categorized into continuous inkjet, thermal transfer overprinting (TTO), thermal ink jet, drop on demand (DoD), print and apply labelers, laser coding and marking, and others.
Digital printing solutions are evolving in the country and offering various advantages to the local manufacturers. Digital printing solutions help print millions of characters using just a liter of ink.
Also, the ink used in digital printers dries out quickly, resulting in no wastage of time during the process. This makes the process quicker, more efficient, and more cost-effective, as compared to traditional conventional printing techniques.
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Some of the major players in the Indian coding and marking systems market are Danaher Corporation, Dover Corporation, Domino Printing Sciences plc, Control Print Limited, and Hitachi Ltd.
INDIA CODING AND MARKING SYSTEMS MARKET SEGMENTATION
By Technology
- Continuous Inkjet
- Thermal Transfer Overprinting (TTO)
- Thermal Ink Jet
- Drop on Demand (DoD)
- Print and Apply Labelers
- Laser Coding and Marking
- Others
By End User
- Food and Beverage
- Electrical and Electronics
- Automotive and Aerospace
- Chemical
- Healthcare
- Others
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