Sales of Coding and Marking System Market Will See Strong Expansion Through 2029

𝐂𝐨𝐝𝐢𝐧𝐠 & 𝐌𝐚𝐫𝐤𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

In terms of global revenue, the coding & marking systems market is anticipated to register growth at 5.5% CAGR during the forecast period of which, TMR provides a detailed analysis of lucrative growth opportunities in the coding & marking systems market report.

𝐑𝐞𝐚𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/coding-marking-system-market.html

Coding and marking systems are used for printing the required codes or marks or information on different types of surfaces. Coding and marking systems offer various features & benefits such as high speed, clear & precise printing, high-resolution image, tractability, brand protection, brand building, quality assurance, etc., which make them popular among end-use industries. As per the TMR analysis, end-use industries such as food & beverage, pharmaceuticals, construction, personal & homecare, electrical & electronics, automotive, etc., fuel the demand for coding and marking systems. The emergence of new and advanced technology in coding and marking systems is also creating market growth opportunities.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13412

𝐑𝐢𝐬𝐢𝐧𝐠 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐕𝐚𝐜𝐜𝐢𝐧𝐞𝐬 𝐚𝐧𝐝 𝐋𝐢𝐟𝐞-𝐬𝐚𝐯𝐢𝐧𝐠 𝐃𝐫𝐮𝐠𝐬 𝐁𝐨𝐥𝐬𝐭𝐞𝐫𝐬 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐋𝐚𝐬𝐞𝐫 𝐂𝐨𝐝𝐞𝐫𝐬 𝐃𝐮𝐞 𝐭𝐨 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗

Laser coders are used in the pharmaceutical industry for coding medicines. The COVID-19 gave rise to the development of new vaccines, which ultimately gave rise to coding and marking systems, especially, laser coders. The increasing production of vaccines leads toward the upgrading of laser coder capacity to meet the requirement. Manufacturers of laser coders started to upgrade their coders to fuel huge demand for vaccines as every vaccine is provided with a different code, which is printed using a laser coder.

Linx Printing Technologies Ltd. upgraded its laser coder due to the necessity as a result of rise in the production of vaccines. Linx's laser coder was used for coding on medicines. The coding is necessary on pharmaceutical products to avoid fake products as well as to avoid any consequences caused due to the intake of wrong medicine or dose. Therefore, the rise in COVID vaccines gave rise to the coding and marking systems.

𝐍𝐞𝐰 𝐅𝐨𝐨𝐝 𝐒𝐚𝐟𝐞𝐭𝐲 𝐚𝐧𝐝 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐀𝐮𝐠𝐦𝐞𝐧𝐭 𝐒𝐚𝐥𝐞𝐬 𝐨𝐟 𝐂𝐨𝐝𝐢𝐧𝐠 & 𝐌𝐚𝐫𝐤𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦𝐬

In 2019, The Food Safety and Standards Authority of India (FSSAI) updated the food safety and standards for regulating the labelling & display of packaged foods. The pre-packed food needs to have specific labelling and needs to display information such as where the food is manufactured, processed, served, and stored. This regulation makes it necessary for food manufacturers to use some coding and marking systems to print the necessary and mandatory information on the food package.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=13412

The amendment of new regulations in the food industry regarding the display and labelling of information creates a new market growth opportunity for coding and marking systems. The food manufacturers are adopting systems, which offer them high resolution for printing the codes or marks on the food package, along with high speed. Overall, the new food safety and standards regulation propel the demand for coding and marking systems in the food industry.

𝐀𝐧𝐭𝐢-𝐜𝐨𝐮𝐧𝐭𝐞𝐫𝐟𝐞𝐢𝐭𝐢𝐧𝐠 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐚𝐦𝐨𝐧𝐠 𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐄𝐧𝐝-𝐮𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬

According to the report of the Organization for Economic Co-operation and Development (OCED) and the EU's Intellectual Property Office, the trade of counterfeit products is rising steadily and in 2019, it was around 3.3% of the global trade. Counterfeit products lead toward the loss of brand value of anti-counterfeit products creating losses. In order to avoid the consequences of counterfeit products, end-use industries are focusing on providing unique, hidden, and traceable codes and markings. This gives rise to sales of coding and marking systems.

Moreover, the rising sales on online platforms are giving impetus to sales of fraudulent products, which hamper market growth of anti-counterfeit products. With the help of a coding and marking systems, end-use industries can offer codes and markings on their products, which can help them trace the product and identify counterfeit products.

𝐂𝐨𝐝𝐢𝐧𝐠 & 𝐌𝐚𝐫𝐤𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Key market players in the coding & marking systems market are focusing on strategic expansions and acquisitions to maintain their supremacy across the regions and eyeing lucrative growth offered by emerging markets:-

In June 2021, Markem-Imaje Corporation announced the acquisition of Blue Bite LLC, a company engaged in providing innovative workflow software solutions
In November 2020, Markem-Imaje Corporation announced the opening of a new facility in India to fulfil the need for product identification and traceability solution in India
The Tier structure is formed based on segmental revenues earned by the sales of coding & marking systems by the company. According to the tier structure, Hitachi America, Ltd. and Videojet Technologies, Inc. are major manufacturers included in tier 1. In addition, Markem-Imaje Corporation and Domino Printing Sciences plc are included in Tier 2. Moreover, Squid Ink Manufacturing Inc., ATD Ltd., MACSA ID, S.A., Linx Printing Technologies Ltd., REA Elektronik GmbH, and other manufacturers are included in Tier 3.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐝𝐢𝐧𝐠 & 𝐌𝐚𝐫𝐤𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Coding & Marking Systems Market by Technology Type

Continuous Inkjet (CIJ)
Piezo Inkjet (PIJ)
Thermal Inkjet (TIJ)
Laser Coding
Others (TTO,VIJ, and Print & Apply Label)
Coding & Marking Systems Market by Application

Primary
Secondary
Tertiary

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=13412

Coding & Marking Systems Market by End Use

Food & Beverage
Pharmaceuticals
Construction
Personal & Homecare
Electricals & Electronics
Automotive
Chemicals & Fertilizers
Other End Use

Coding & Marking Systems Market by Region

Americas
Europe
Asia Pacific Excl. China
China
MEA

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Nikhil Sawlani
Transparency Market Research Inc.
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This release was published on openPR.