Marking and Coding Equipment Market Size, Share, Growth Report 2030

The global Marking and Coding Equipment market, which is likely to accrue revenue of nearly 1.90 (USD Billion) by 2026, will register a CAGR of nearly 6% during the period from 2020 to 2026. The report offers assessment and analysis of the Marking and Coding Equipment market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

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Details of the Report:

Introduction

Marking and coding device is utilized for purpose of printing of details or information pertaining to the product. Furthermore, the information provided on the product through use of the equipment includes manufacturing & expiry date of the product and size of product in units like grams or kilograms along with the packaging size.

Market Growth Dynamics

A surge in the use of online retail format along with growing trade activities across the globe will proliferate in the expansion of marking and coding equipment business over the forecast timeline. In addition to this, manufacturers of goods packaging are focusing on appealing packaging designs along with comprehensive information provided on the packaging occupying lesser space. This has led to innovations in marking and coding devices, thereby further steering the market trends. For instance, marking & coding device is utilized on myriad packaging solutions like vacuum skin packaged food items. This, in turn, will embellish the business growth over the forecast timeline.

Moreover, growing acceptance of flexible packaging has enhanced the usage of marking & coding equipment in the recent years. Moreover, tremendous expansion of the flexible packaging industry is attributed to large-scale utilization of shrink films, bags, and pouches & sachets. This will further create lucrative growth avenues for the marking and coding equipment market over the forecast timeline.

Asia Pacific To Make Largest Contribution Towards Overall Market Share By 2026

The growth of the market in the Asia Pacific zone during the estimated timeline is owing to massive demand for marking & coding device in the countries like China and India as a result of growing ecommerce & retailing activities witnessed in these countries. Apart from this, growing awareness among the people of the region to avail the product details along with its expiry date and the product contents & size will steer the regional market growth trends.

Key players impacting the market growth are Matthews International Corporation,Hitachi America, Ltd., REA Elektronik GmbH, Diagraph Corporation, Control Print Ltd., Markem-Imaje Corporation, Videojet Technologies, Inc., Durable Technologies,Interactive Coding Equipment (ICE), Domino Printing Sciences plc., INKJET, Inc., Squid Ink Manufacturing Inc., TYKMA Electrox, Inc., Open Date Systems, Inc., ATD Ltd., RN Mark Inc., MACSA ID S.A, Linx Printing Technologies, Numeric Marking Systems, and KGK Marking Technologies Group.

The global marking and coding equipment Market is segmented as follows:

By Technology

• Primary Package Coding
• CIJ
• Laser
• TIJ
• TTO
• Secondary and Tertiary Packaging Coding
• VIJ
• PALM
• PIJ

By Product Mix

• Equipment
• Consumables
• Spare Parts and Aftermarket

By End-user Industries

• Chemicals & Construction
• Food & Beverage
• Electrical & Electronics
• Healthcare
• Automotive and aerospace
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa