Marking and Coding Equipment Market Size, Share, Trends, Growth and Forecast 2032

Global Marking and Coding Equipment Market Insights

According to a report from Zion Market Research, the global Marking and Coding Equipment Market was valued at USD 1068.65 Million in 2023 and is projected to hit USD 1719.94 Million by 2032, with a compound annual growth rate (CAGR) of 5.43% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Marking and Coding Equipment industry over the next decade.

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Marking and Coding Equipment Market: 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.

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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.

Global Marking and Coding Equipment Market: Segmentation

The study provides a decisive view of the marking and coding equipment market by segmenting the market based on by technology, by product mix, by end-user industries and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By technology type segment analysis includes primary package coding, CIJ, Laser, TIJ, TTO, secondary and tertiary packaging coding, VIJ, PALM, PIJ.

By product mix type segment analysis includes equipment, consumables, spare parts and aftermarket.

By end-user industries segment analysis includes chemicals & construction, food & beverage, electrical & electronics, healthcare, automotive and aerospace, others.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Marking and Coding Equipment Market: Report Scope

Asia Pacific To Make Largest Contribution Towards Overall Market Share By 2032

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.

Global Marking and Coding Equipment Market: Competitive Players

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
• 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