Global coding and marking systems market is expected to witness a CAGR of 6.9% during 2018-2023. The growth of the coding and marking systems market is mainly driven by the growing application of coding and marking systems in food and beverage, and automotive industries.
Coding and marking technologies have wide applications in industries such as food and beverage, automotive, electrical and electronics, chemical, healthcare, and others.
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Coding and marking devices print product related details on the packaging such as price, batch number, manufacturing and expiry date, manufacturer information, ingredients, and other related information. Coding and labelling allow the identification and tracking of components through the different phases of the production process.
Government norms mandate the printing of batch/code number and other product information on the packaging of various consumer and industrial goods. This in turn compels manufacturers to put codes, labels, and trademarks on primary and secondary packages of manufactured products, which therefore, acts as a growth opportunity for the coding and marking systems market.
Asia-Pacific held the largest share of the global coding and marking systems market in 2017. The application of coding and marking systems is gaining momentum in the food and beverage industry owing to stringent government regulations, increase in food and beverage, and increase in export of packaged food items. This in turn is driving the growth of the market in the region.
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Some of the major players operating in the coding and marking systems industry are Danaher Corporation, ATD Marking Systems, ID Technology, Inkjet Inc, Hitachi Ltd, Dover Corporation, Diagraph Group, Matthews International Corporation, Domino Printing Sciences plc, and Overprint Packaging Ltd.
GLOBAL CODING AND MARKING SYSTEMS MARKET SEGMENTATION
By Technology
- Continuous Inkjet
- Thermal Transfer Overprinting
- Thermal Ink Jet
- Drop on Demand
- Print & Apply Labelers
- Laser Coding and Marking
- Direct Part Marking (DPM)
- Laser Coding
- Others
By End User
- Food & Beverage
- Electrical & Electronics
- Automotive & Aerospace
- Chemical
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa (MEA)
- Turkey
- Saudi Arabia
- South Africa
- Rest of MEA
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