DUBLIN–(BUSINESS WIRE)–The “Coding and Marking Market – Global Outlook & Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
Coding & marking equipment is used to print product-specific details on the outer covering of a product. These details aim to provide end-users and manufacturers with authentic information about the product. Coding includes printing manufacturing dates, expiry dates, and the size of the packaged lot, among other details.
Printing codes or marks on products help manufacturers reduce the risk of counterfeiting and protect the brand image among end-users. Coding or marking is essential to establish the authenticity of products. It helps inform the supply chain about the product information and its destination. It sets a unique identity to the product and enhances its traceability. Previously, the coding procedure was done manually, which was labor-intensive and prone to errors.
After the advent of highly reliable coding and marking machinery, it was largely adopted by companies across varied industries. The global coding and marking equipment market is expected to witness a boom in the future years.
Key Industry Insights:
1. Developing eco-friendly marking systems is a major trend in the global coding and marking market. Patents such as EP0700793A2 and EP0565235A2 have been developed for biodegradable resin-based marking devices.
2. Technologies that use environment-friendly printing techniques are being developed to counter the harmful effects on the environment. One such example is the SMARKTEC marking system developed by REA Elektronik.
3. The stringent government regulations and standards are driving the use of barcodes on products to specify specific information. In addition, various countries’ governments have introduced regulations on printing product-specific data on products and packaged goods.
4. The requirement to include specific details of manufacturing and packaging data, lot number, and expiry has fueled the market growth. These regulations help end-users identify authentic products and reduce the penetration of counterfeits in the market. Thus, the formulation of stringent regulations and standards is forcing manufacturers to adopt coding & marking services, which is expected to boost the overall market growth during the forecast period significantly.
5. The need for continued support and upgrades is a challenge for vendors in the global coding & marking market. Worldwide technological advancements have made it mandatory for periodic upgrades. The absence of continual improvements in coding products might lead to the product being graded as obsolete.
6. The vendors offer equipment and accessories with almost identical quality to end-users at a competitive price, which creates intense competition among vendors. Furthermore, customers prefer familiar market vendors because of the ease of accessibility and cost advantage.
Impact of COVID-19
The impact of COVID-19 on the overall economy was swift and substantial. The initial estimation was a slight interruption in the export and imports with respect to China.
However, with the increasing number of COVID cases in China, the situation escalated to a full-blown trade stoppage, with manufacturing industries coming to a complete halt.
The closures of many assembly plants led to economic distress and increased default risk. Moreover, the second wave of Coronavirus across Europe, India, and others have further disrupted the global economy and production in end-user industries and has raised trade concerns.
Key Questions Answered:
1. What will be the global coding and marking market size in 2027?
2. What is the growth rate of the global coding and marking market?
3. Who are the key players in the global coding and marking market?
4. What are the factors driving the growth of the global coding and marking market?
5. Which region is projected to have the highest growth rate in terms of revenue generated from the global coding and marking market?
Market Dynamics
Opportunities & Trends
Leveraging Exhibitions, Expos & Trade Platforms
Growing Demand for Laser Coding
Advent of Industry 4.0
Evolving Secondary Packaging Market
Innovative Consumables Offerings
Growth Enablers
Rising Demand for Traceability by End-Users
Significant Rise in Flexible Packaging
Rising Applications Across End-User Industries
Rising Demand from Healthcare Industry
Increasing Demand for Processed & Packaged Food
Restraints
Increasing Product Counterfeiting
Operational Errors & High Cost
Slow Economic Growth in 2020
Trade Conflicts Between US & China
Market Segmentation
by Product Mix
Equipment
Consumables
Spare parts & Aftermarket
by End-Users
F&B
Healthcare
Electrical & Electronics
Chemicals & Construction
Automotive & Aerospace
Others
by Technology
CIJ
PIJ
TIJ
VIJ
TTO
PALM
Laser
by Region
APAC
China
Japan
India
Australia
Singapore
North America
US
Canada
Western Europe
Germany
France
UK
Italy
Spain
Benelux
Scandinavia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
South Africa
Iran
Nigeria
Saudi Arabia
UAE
Central & Eastern Europe
Turkey
Poland
Major Vendors
Danaher
Dover
Brother Industries
Hitachi Industrial Equipment Systems
ITW
Other Prominent Vendors
ANSER Coding
Beijing Hi-Pack Coding
Control Print
EBS Elektronische Beschriftungs-Systeme GmbH
Guangzhou EC-Pack Packaging Equipment
Iconotech
ID Technology
InkJet
KEYENCE
Koeng & Bauer AG
Kortho
Laserax
Macsa ID
Matthews International
Paul Leibinger
REA Elektronik
SATO Holdings
Squid Ink
Weber Marking Systems
Xaar
Zanasi
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