Coding and Marking Systems Market Size, Demand, and Future Outlook: Global Industry Trends
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The global coding and marking systems market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.6% in the forecast period of 2023 to 2030 and is expected to reach USD 8,868,866.47 thousand by 2030. The growing use of coding and marking systems in various industries has been the major driver for the global coding and marking systems market.
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The coding and marking systems market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2020 - 2015) |
Quantitative Units | Revenue in USD Thousand |
Segments Covered | By Technology Type (Continuous Inkjet, Laser Coding, Thermal Inkjet, Piezo, Others), Type (Small Character Inkjet Printers, High-Resolution Inkjet Printers, Large Inkjet Printers, Laser Systems, and Spray Market Systems), Application (Secondary, Tertiary, Primary), Material (Plastics, Paper & Cardboard, Metal, Wood, Textiles (Excluding Carpet and Fleece), Foils, Organic Surfaces, Rubber, Carpet, Fleece, and Others), Number of Nozzles (Single Nozzle, Multiple Nozzles), End Use (Food & Beverage, Pharmaceuticals, Electrical & Electronics, Automotive & Aerospace, Personal Care, Construction, Chemical Manufacturing, and Others) |
Countries Covered | U.S., Canada, Mexico, Germany, U.K., Italy, France, Russia, Spain, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey and the Rest of Europe, China, India, Japan, South Korea, Indonesia, Thailand, Singapore, Australia, New Zealand, Philippines, Vietnam, Malaysia and Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, United Arab Emirates, Saudi Arabia, Oman, Qatar, Kuwait and Rest of Middle East and Africa |
Market Players Covered | ATD UK, Danaher, Weber Marking, Systems GmbH, Dover Corporation, Novanta Inc., REA Elektronik GmbH., ProMach Inc., Leibinger Group, Codeline Automation., CONTROL PRINT LTD., Pak-Tec, Hitachi, Ltd., Illinois Tool Works Inc., Matthews International Corporation, Overprint Ltd., Brother Industries, Ltd., HSA Systems A/S. among others |
Market Definition
Coding and marking systems are widely used in automotive coding. Coding and marking are used to print part numbers or anti-counterfeit labels on auto parts to prevent the sale of counterfeit parts. Encoding and marking devices are used to print specific product details onto the product case. This information is intended to provide end users and manufacturers with reliable information about their products. The coding includes, among other things, the printing of the date of manufacture, the expiry date, and the size of the packing lot. By printing codes or labels on products, manufacturers can reduce the risk of counterfeiting and protect the brand image of the end consumer.
Global Coding and Marking Systems Market Dynamics
This section deals with understanding the market drivers, opportunities, challenges, and restraints. All of this is discussed in detail below:
Drivers
- Rising demand in the automotive industry
The rising demand for coding and marking systems in the automotive industry has increased due to the increased sales of counterfeit products. Therefore, manufacturers use coding and marking systems to decrease the usage of counterfeit products in the market and frequently use coding and marking systems to code part number labels on vehicle machinery. Coding and marking equipment must be able to comfortably meet the complex demands of automotive manufacturers in an industry that requires information to be printed onto individual components at various stages of the manufacturing process. Robust coders must provide trouble-free integration into existing processes and then operate consistently in demanding production environments. Manufacturers are seeking global traceability and containment solutions, as well as the ability to print their logo, production date, expiry date, LOT number, part numbers, and other information on their products.
- Increasing use of coding and marking systems in various industries
Many industries are using coding and marking technologies, such as FMCG, food and beverages, electronic products, metals, rubber, textile, chemical and agrochemical, seeds, construction, healthcare, and pharmaceuticals. The increasing demand for packaged food, healthier packaged food, and increased urbanization are increasing the consumption of these products, which is further increasing the demand for coding and marking systems. The food and pharmaceutical industries are among the most regulated in terms of supply chain traceability. Coding and labeling products contribute to total traceability, protecting both consumers and businesses by using batch numbers, barcodes, and expiration dates. As coding technologies evolve with real-time reporting and analytics, consumers will be able to gain more transparent insights into the origins of the components that comprise a product.
Opportunities
- Stringent government rules for coding and marking systems
Governments across the globe have been implementing new packaging and labeling regulations. Many packaging companies are being forced to make significant investments in coding and marking equipment in order to comply with regulations and avoid penalties. Several companies are using advanced technologies such as Data Set to identify and track products in industries like food and beverage, healthcare, pharmaceutical, and others. Many governments around the world are imposing stringent packaging and labeling regulations. This regulation requires red color coding on the sides of the pack labels of packaged food products with high fat, high sugar, and high salt content levels. As a result, coding has become more popular all around the globe.
- Increasing use of laser coding
The demand for laser coding technology has increased significantly, mainly due to its characteristics and feasibility in various industrial applications by end users. For instance, laser coding solutions are gaining popularity in consumer goods such as cosmetics, personal care, food service, and automotive. Laser coding machines represent the latest advances in coding and marking technology and are used to print codes onto metal or metallic objects and other items. As customer demand for advanced technology increases, end-user manufacturers are turning to laser technology. Laser encoders offer high-speed continuous marking and the ability to deliver high-resolution codes or logos for brand protection. They provide sharp, detailed marking capabilities, which is useful in many end-use industries. Additionally, manufacturers of coding and marking systems are focusing on providing environmentally friendly solutions to meet the growing demand from various end-use sectors, such as food and p
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What insights readers can gather from the Coding and Marking Systems Market report?
- Learn the behavior pattern of every Global Coding and Marking Systems Market -product launches, expansions, collaborations and acquisitions in the market currently.
- Examine and study the progress outlook of the global Coding and Marking Systems Market landscape, which includes, revenue, production & consumption and historical & forecast.
- Understand important drivers, restraints, opportunities and trends (DROT Analysis).
- Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.
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