Dublin, Nov. 22, 2024 (GLOBE NEWSWIRE) -- The "Coding & Marking Equipment Market by Technology Type (Direct Thermal Printing, Inkjet Printing, Laser Printing), Printing Pattern (Barcode, Graphics, QR Codes), Product Form Factor, Application, Printing Material, End-user Industry - Global Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The Coding & Marking Equipment Market grew from USD 21.34 billion in 2023 to USD 23.14 billion in 2024. It is expected to continue growing at a CAGR of 9.24%, reaching USD 39.63 billion by 2030. The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Market insights reveal strong growth drivers including technological advancements such as digital printing, increasing demand for flexible packaging, and rising consumer awareness about product transparency. Additionally, the surge in e-commerce necessitates precise product coding for logistical efficiency. However, major challenges impede growth, notably high installation and maintenance costs, stringent regulatory compliance, and the complexity of integrating new technologies with existing systems. An ever-present threat is the rapid pace of technological changes which can render current systems obsolete.
Opportunities abound in the development of eco-friendly inks and printers that appeal to environmentally conscious consumers and adhere to stringent regulations. Businesses are also advised to explore customizable solutions that cater to specific industry needs, such as anti-counterfeiting features and smart labeling technologies. Innovations in IoT-enabled devices that offer real-time data tracking and predictive maintenance capabilities could revolutionize operational efficiencies.
To sustain growth, firms should continue to innovate by investing in R&D for advanced, cost-effective solutions and forming strategic partnerships to leverage shared expertise. Providing comprehensive training and robust customer support can also differentiate market leaders from competitors. Overall, while the market exhibits robust growth potential, success will depend on agility, continuous innovation, and adaptation to evolving consumer and regulatory landscapes.
Coding & Marking Equipment Market Dynamics
- Market Drivers
- Increasing emphasis on supply chain transparency and accountability
- Growing potential in eCommerce logistics for efficient and error-free distribution
- Expansion of the food and beverage sector requires enhanced product identification systems
- Market Restraints
- Concerns associated with substrate compatibility of ink and materials
- Market Opportunities
- Rising investment in packaging and transportation infrastructure across the globe
- Technological advancements in sustainable and eco-friendly inks and printing materials
- Market Challenges
- Issues related to environmental impact and disposal of the material and equipment
Key Company Profiles
The report delves into recent significant developments in the Coding & Marking Equipment Market, highlighting leading vendors and their innovative profiles. These include:
- Applied Technology Developments Ltd.
- Beijing Hi-Pack Coding Ltd.
- Control Print Limited
- Danaher Corporation
- Domino Printing Sciences PLC
- Dover Corporation
- Durable Technologies
- Engage Technologies Corporation
- Geo. T. Schmidt, Inc.
- Guangzhou EC-PACK Packaging Equipment Co., Ltd.
- Guangzhou Sunine Intelligent Technology Co., Ltd.
- Han's Laser Technology Industry Group Co., Ltd
- Hitachi, Ltd.
- HSA Systems A/S
- Illinois Tool Works Inc.
- InkJet, Inc.
- Keyence Corporation
- Kishu Giken Kogyo Co., Ltd.
- Koenig & Bauer AG
- Loftware, Inc.
- Macsa ID, S.A.
- Matthews Marking Systems
- MECCO
- Numeric Inkjet Technologies Pvt. Ltd.
- Open Date Equipment Ltd.
- Paul Leibinger GmbH & Co. KG
- ProMach Inc.
- REA Elektronik GmbH
- Rotech Machines Limited
- RYNAN Technologies
- TRUMPF SE + Co. KG
- TYKMA Electrox, Inc. by 600 Group PLC
Market Segmentation & Coverage
This research report categorizes the Coding & Marking Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Technology Type
- Direct Thermal Printing
- Lithographic Printing
- Thermal Dye Printing
- Inkjet Printing
- Continuous Inkjet Printing
- Drop-on-demand Inkjet Printing
- Laser Printing
- CO2 Laser Printing
- Fiber Laser Printing
- Thermal Transfer Overprinting
- Flat-head Printing
- Near-edge Printing
- Direct Thermal Printing
- Printing Pattern
- Barcode
- Graphics
- QR Codes
- Text
- Product Form Factor
- Desktop Model
- Handheld Device
- Inline Installation
- Application
- Coding
- Decorative Printing
- Labeling
- Marking
- Printing Material
- Glass
- Metal
- Paper
- Plastic
- End-user Industry
- Cosmetics & Personal Care
- Hair Care
- Makeup
- Skin Care
- Electronics & Automotive
- Automotive Components
- Consumer Electronics
- Industrial Electronics
- Food & Beverage
- Beverages
- Dairy Products
- Packaged Food
- Pharmaceuticals
- Nutraceuticals
- Over-the-counter Products
- Prescription Drugs
- Cosmetics & Personal Care
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States (California, Florida, Illinois, New York, Ohio, Pennsylvania, Texas)
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Key Attributes
| Report Attribute | Details |
| No. of Pages | 186 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $23.14 billion |
| Forecasted Market Value (USD) by 2030 | $39.63 billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/btohet
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