Market Overview:

The global coding and marking equipment market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are expansion of the foodservice industry and increasing investments in the pharmaceutical sector to reduce the risk of lost-in-transit of prescribed medication drugs and secure the safety of pharmaceutical items. Pallets, devices, parts, cartons, and shipments are some common methods used by various manufacturers to effectively identify their products.

Presently, the coding and marking equipment market is exhibiting a shift away from analogue coding toward Digital-only technologies. The ongoing Industrial Revolution is hastening automation of industrial practices. Manufacturers must mark, label, and code a wide range of products and shipments, while maintaining the rate of production. As a result, the availability of digital technologies is rendering conventional analogue technology. To provide specific product information, food and beverage coding and marking equipment is used. QR codes, barcodes, and 2D codes are examples of some common coding and marking formats. It also contains information about the product's production date, price, longevity, expiration date, batch number, ingredients, and certifications.

Major Factors Driving Growth Of The Global Coding and Marking Equipment Market:

Revenue growth of the global coding and marking equipment market is being fueled by rapid expansion of the production and packaging industries in various countries around the globe. The packaging industry is growing as a result of increased use of innovative packaging, particularly adaptable packaging. This is due to growing intermediate population and changing local markets.

Furthermore, growth of the e-commerce and foodservice companies will drive market revenue growth in the future. This will ultimately propel requirements for coding and marking equipment in the forthcoming years. Thus, inventions in the packaging sector, combined with stringent government regulations requiring the stipulation of all important packaging design information, will drive market revenue growth in the near future. Stringent government policies are compelling food and beverage manufacturers to print detailed product information on the packaging. This is anticipated to have a significant impact on the global coding and marking equipment market in the food and beverage industry. Furthermore, growing health-related concerns have urged consumers to buy regulatory-certified packaged foods.

Factors Restraining Growth Of The Global Coding and Marking Equipment Market:

The global coding and marking equipment market growth is substantially hampered by many unfavorable factors. The COVID-19 pandemic, which has now spread rapidly throughout the world, has resulted in deaths of many people, especially in countries such as China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the United States. Due to shutdowns, transportation bans, and business closures, the pandemic has had a negative impact on economies and ventures in various countries. The global food and beverage industry is among the major industries facing genuine disruptions. Impoverished post-sale facilities deter people from incorporating coding and marking equipment, thereby restricting market growth.

Opportunities For Players Operating In The Global Coding and Marking Equipment Market:

The global coding and marking equipment market is projected to expand rapidly during the forecast period. The pharmaceutical industry is creating a significant demand for these kinds of equipment as a result of the increasing use of packaging to ensure safety, proliferation of blister packaging, and rising awareness about the inclusion of drug information on the package. The Food Safety Standards Authority of India (FSSAI), for instance, requires manufacturers to include the "Jaivik Bharat" logo on their products under the Food Safety and Standards (Organic Foods) Regulations. Such initiatives are anticipated to provide new opportunities to key companies.

Global Coding and Marking Equipment Market Revenue Led By Technology Segment:

Based on technology, the market for coding and marking equipment is segmented into CIJ printing and coding, laser coding and marking, TIJ printing, DOD printing, and others. CIJ printing segment is expected to dominate the market, owing to various beneficial properties such as high-speed printing, effectiveness on any ground, ability to proceed easily with minimal servicing, and minimal printing cost. Expansion of the packaging sector is also expected to boost growth of this segment. TIJ printing segment, on the other hand, is anticipated to grow steadily, owing to increasing use of these printers for the primary and secondary packaging of cosmetics, bakery, pharmaceutical, and nutraceutical products.

Global Coding and Marking Equipment Market Leading Application Segment:

The global coding and marking equipment market is categorized into food and beverage, healthcare, industrial and others. Food and beverage segment is anticipated to dominate the market, owing to implementation of strict regulations by government bodies of various countries to regulate proper production of food items. Also, increasing usage of packaged foods would also drive growth of this segment.

Europe Accounts For Largest Revenue Share In Global Coding and Marking Equipment Market:

Europe is expected to dominate the global coding and marking equipment market, preceded by North America and Asia Pacific. The European Union has imposed restrictive laws on food and beverage labelling, coding, and marking. It would further drive market revenue growth. In addition, higher adoption of innovative technology and automation in this region would fuel market growth.

Asia-Pacific Continues To Lead In Terms Of Revenue CAGR:

In the coding and marking equipment market, Asia Pacific is mainly dominated by China, South Korea, Japan, and India. In China, for instance, the State Food and Drug Administration of China (SFDA) has put forward stringent norms to protect patients from traditional Chinese medicines and counterfeit pharmaceuticals. It compels manufacturers to include unique product identities called ‘eCodes’ at numerous packaging units. The Middle East and Africa, on the other hand, is expected to expand significantly in the near future. Rising demand for food and beverage coding and marking equipment and services in countries such as Saudi Arabia, the United Arab Emirates (UAE), and Qatar is anticipated to fuel market revenue growth.

Major Companies Profiled In The Report:

  • Macsa
  • Dover (Markem-Imaje)
  • ITW (Diagraph)
  • ID Technology LLC
  • Hitachi Industrial Equipment
  • Matthews Marking Systems
  • Danaher (Videojet)
  • KGK
  • KBA-Metronic
  • Squid Ink
  • SATO
  • Paul Leibinger
  • Beijing Zhicheng
  • REA JET
  • Control print
  • Kinglee
  • EC-JET
  • Brother (Domino)
  • SUNINE
  • Chongqing Zixu Machine

What Our Report Provides And Why Our Offering Is Better:

This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.

Detailed Segmentation In Our Report:

For the purpose of this report, global coding and marking equipment market is segmented on the basis of technology, application, and region:

 

Technology Outlook (Revenue, USD Billion; 2018-2028)

  • CIJ Printing and Coding
  • Laser Coding and Marking
  • TIJ Printing
  • DOD Printing
  • Others

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Food and Beverage
  • Healthcare
  • Industrial
  • Others

Region Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    •  France
    • Italy
    • Spain
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa

Some points on how the report benefits stakeholders:

  • The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
  • Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
  • The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
  • The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
  • Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
  • The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.

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