Wilmington, Delaware, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Coding And Marking Equipment Market by Technology (Primary Package Coding, CIJ Printing and Coding, Laser printing, TIJ printing and Others) and Application (Food and Beverage Industry, Healthcare, Automotive, Aerospace, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032". According to the report, the coding and marking equipment market was valued at $10.7 billion in 2023, and is estimated to reach $25.0 billion by 2032, growing at a CAGR of 10.4% from 2024 to 2032.
Prime determinants of growth
Coding and marking equipment are important tools utilized in industrial environments to imprint different kinds of information on products, packages, or materials. This information includes batch numbers, expiration dates, barcodes, and other necessary data for tracking, tracing, and compliance purposes. These devices are crucial for ensuring product quality, safety, and regulatory adherence throughout the supply chain. Different technologies such as inkjet printing, laser marking, and thermal transfer printing are utilized by coding and marking equipment to achieve precise and long-lasting markings on a wide range of surfaces and materials. Coding and marking equipment play a vital role in industries such as food and beverage, pharmaceuticals, electronics, and manufacturing, where accurate and reliable product identification is of utmost importance. Moreover, growing significance on product safety, supply chain efficiency, and compliance, the coding and marking equipment market is steadily expanding. The rise in demand for these solutions is fueled by the demand for precise and dependable coding in manufacturing operations to adhere to regulations and satisfy consumer demands, solidifying the importance of coding and marking equipment in industrial landscape.
Download PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/A46820
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2032 |
| Base Year | 2023 |
| Market Size in 2023 | $10.7 billion |
| Market Size in 2032 | $25.0 billion |
| CAGR | 9.2% |
| No. of Pages in Report | 288 |
| Segments Covered | Technology, Application, and Region. |
| Drivers | Rapid expansion in the packaging sector of the food and beverage industry Government regulations associated with labeling of products Coding and marking play a crucial role in enhancing supply chain visibility. |
| Opportunities | Technological advancements in coding and marking equipment |
| Restraint | High installation and maintenance cost |
The CIJ printing and coding segment maintains its leadership throughout the forecast period
Based on technology, the continuous inkjet (CIJ) printing and coding segment held the highest market share in 2022. The coding and marking equipment market has experienced substantial growth due to specific industry requirements and technological advancements. CIJ technology is widely utilized for coding and marking purposes across various industries. It operates by producing a continuous stream of ink droplets that are selectively charged and deflected to create characters, codes, or markings on different substrates. CIJ printers excel in high-speed printing, versatility for various surfaces, and small character printing. The dominance of CIJ is attributed to its cost-effectiveness, minimal maintenance, wide range of ink options, and global demand.
Buy This Research Report (315 Pages PDF with Insights, Charts, Tables, Figures):
https://www.alliedmarketresearch.com/checkout-final/b21e4b56f87da2bd4b7fb49de3ae3e3e
The food and beverage Industry segment maintains its leadership throughout the forecast period
Based on application, the food and beverage industry segment held the highest market share in 2022. Meeting strict regulatory standards requires precise and uniform labeling of products, which includes crucial details like expiry dates and batch numbers. These regulations oblige food and beverage producers to invest in cutting-edge coding and marking technologies to guarantee adherence to rules and ensure consumer well-being. The industry's large-scale production demands efficient and dependable equipment that can maintain accuracy without sacrificing productivity. With a wide range of packaging materials and shapes used in the food and beverage sector, versatile coding and marking solutions are essential to ensure readability and durability. Such factors contribute to the increase in demand for coding and marking equipment in the F&B sector.
Asia-Pacific to maintain its dominance by 2032.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022. The rapid industrialization in sectors including food and beverage, pharmaceuticals, healthcare, and automotive is driving the growth. This growth is fueled by the demand for advanced coding solutions to ensure efficient production and regulatory compliance. In addition, increase in consumer awareness about product safety and authenticity is further boosting the need for clear and accurate labeling, which can be fulfilled by coding and marking equipment. The diverse packaging requirements across Asia Pacific, which include different materials and formats, provide opportunities for suppliers to offer customizable solutions that cater to specific market needs. The projected period in Asia-Pacific will witness a surge in demand for coding and marking equipment due to these factors.
Inquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A46820
Players: -
- Hitachi America, Ltd.
- Markem-Imaje Corporation
- Videojet Technologies, Inc.
- Interactive Coding Equipment (ICE)
- Domino Printing Sciences plc.
- Squid Ink Manufacturing Inc.
- TYKMA Electrox, Inc.
- Open Date Systems, Inc.
- Linx Printing Technologies
- Diagraph Corporation
The report provides a detailed analysis of these key players in the global coding and marking equipment market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Street and Roadway Lighting Market Global Opportunity Analysis and Industry Forecast, 2023-2032
Road Construction Services Market Global Opportunity Analysis and Industry Forecast, 2023-2032
Road Roller Market Global Opportunity Analysis and Industry Forecast, 2023-2032
Roadheaders Market Global Opportunity Analysis and Industry Forecast, 2023-2032
Road Scribing Machines Market Global Opportunity Analysis and Industry Forecast, 2023-2032
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." Allied Market Research 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 reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com Facebook, Twitter, LinkedIn, Other
