Over the next five years the Coding and Marking Systems and Solutions market will register an 5.6% CAGR in terms of revenue, the global market size will reach USD 1.52 billion by 2027.
The global Coding and Marking Systems and Solutions market size was valued at USD 14.5 billion in 2020 and is expected to expand at a CAGR of 5.6% from 2022 to 2027. The growth of the market can be attributed to the growing demand for Coding and Marking Systems and Solutions, particularly from the pharmaceutical and food and beverage industries. Incumbents of the pharmaceutical industry are putting a strong emphasis on countering counterfeiting and tampering by using flexible packs, such as forming films, top webs, chevron pouches, header bags, and strip bags with specific codes and marking, which bodes well for the growth of the market. Similarly, the growing preference among consumers for packaged and labeled food and beverages is encouraging food & beverage manufacturers to deploy Coding and Marking Systems and Solutions. Similar to how consumers are increasingly favouring packaged and labelled food and beverages, coding and marking equipment is being used by food and beverage businesses.
By properly coding the automobile parts, Coding and Marking Systems and Solutions can be extremely helpful in the automotive sector in preventing the use of fake vehicle parts. The Car Aftermarket Suppliers Association (AASA) calculated that annually, counterfeit items cost the automotive sector around USD 12 billion. When printing scannable, anti-counterfeiting barcodes, automotive manufacturers often prefer invisible inks. Demand for coding and marking equipment is anticipated to increase as a result of the automobile sector incumbents' anti-counterfeiting initiatives.
But coding and labelling equipment is frequently very expensive. Putting coding and marking systems into place can be a very expensive undertaking. All supply chain participants, especially the smaller ones, might not have enough financial resources to build the infrastructure necessary to put coding and marking systems in place. As a result, during the course of the forecast period, the market's expansion is anticipated to be constrained by the high costs associated with coding and marking equipment.
The Coding and Marking Systems and Solutions Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Brother (Domino), Danaher (Videojet), Dover (Markem-Imaje), Han's Laser, ITW (Diagraph), Trumpf, Hitachi Industrial Equipment, ID Technology LLC, KGK, Matthews Marking Systems, KBA-Metronic, Macsa, Squid Ink, SATO, Paul Leibinger, REA JET, Control print and others.
Oct 30, 2019: ProMach Acquires Jet Label & Packaging, a Leading Provider of Labeling & Coding Solutions
ProMach, a worldwide leader in packaging machinery solutions, announced today that it has acquired Jet Label & Packaging, Western Canada’s largest producer of labels for a variety of industries. The addition of Jet Label expands ProMach’s labeling and coding capabilities and provides customers across Canada with enhanced sales and support to keep their packaging operations running at peak efficiency.
Coding and Marking Systems and Solutions Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Coding and Marking Systems and Solutions Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.
By Type, it is segmented into
By Applications it is segmented into
In 2020, North America held a commanding 32% revenue share in the market for coding and marking Systems and Solutions. The pharmaceutical and healthcare sector in North America can be defined as mature since multiple market leaders make significant investments in R&D to create new products and treatments. The U.S. is renowned for the strict laws it has created to oversee its food, pharmaceutical, and healthcare industries in order to prevent the sale of any potential fake goods. As a result, businesses in the area, particularly those in the pharmaceutical industry, are placing a high priority on establishing coding and marking systems, which is causing the regional market to expand.
The Coding and Marking Systems and Solutions Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Coding and Marking Systems and Solutions Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 5.6% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
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Brother (Domino), Danaher (Videojet), Dover (Markem-Imaje), Han's Laser, ITW (Diagraph), Trumpf, Hitachi Industrial Equipment, ID Technology LLC, KGK, Matthews Marking Systems, KBA-Metronic, Macsa, Squid Ink, SATO, Paul Leibinger, REA JET, Control print
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Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
| 2022 to 2027 |
Number of Pages | 166 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Coding and Marking Systems and Solutions Market is studied from 2017 - 2027.
What is the growth rate of Coding and Marking Systems and Solutions Market?
The Coding and Marking Systems and Solutions Market is growing at a CAGR of 10% over the next 5 years.
Who are the key players in Coding and Marking Systems and Solutions Market?
Brother (Domino), Danaher (Videojet), Dover (Markem-Imaje), Han's Laser, ITW (Diagraph), Trumpf, Hitachi Industrial Equipment, ID Technology LLC, KGK, Matthews Marking Systems, KBA-Metronic, Macsa, Squid Ink, SATO, Paul Leibinger, REA JET, Control print
What region does this Coding and Marking Systems and Solutions Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Coding and Marking Systems and Solutions Market?
Inkjet Printers, Laser Printers, Thermal Transfer Overprinting Printers, Others
What are the major end-use applications of Coding and Marking Systems and Solutions Market?
Food and Beverage, Pharmaceutical and Healthcare, Construction and Chemicals, Electronics, Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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