Global Coding And Marking Equipment Market Size, Share, Opportunities, And Trends By Origin (Contact Marking Equipment, Non-Contact Marking Equipment), By Technology (Laser, Continuous Inkjet (CIJ), Piezo Inkjet (PIJ), Thermal Inkjet (TIJ), Thermal Transfer Overprinting (TTO), Drop-on-demand Technology), By Industry (Chemical, Manufacturing, Healthcare, Electrical And Electronics, Packaging, Others), And By Geography - Forecasts From 2024 To 2029

Global Coding and Marking Equipment market is projected to witness a CAGR of 9.18% during the forecast period to reach a total market size of US$7.163 billion by 2029, increasing from US$3.873 billion in 2022.

The global coding and marking equipment market is anticipated to show steady growth during the forecast period. Global coding equipment is an electronic device that is being used for applying codes and marking on products. The codes can be applied through various printers namely inkjet printers, continuous inkjet printers, and laser printers. Coding and marking an essential components for the product where they consist of product details like manufacture date, expiry date, and ingredient details over the label. This printing tactic is used to reduce the fake products in the market and to protect the brand image

Coding and marking equipment are used in a variety of industrial products from pharmaceuticals to food manufacturing. In pharma coding and marking, equipment is used in packing items like capsules, ointments, powders, and liquids. The coding and marking of equipment enhance product safety and transparency toward consumers from the manufacturers' end.

 Market Drivers

• Growing demand for the E-commerce sector drives the coding and marking equipment market growth.

The increased demand for e–commerce sector is the primary driving factor for coding and marking equipment market growth. One of the convenient shopping platforms is online shopping where millions of people purchase products from online hubs due to busy schedules and a variety of offerings. To deliver the appropriate product, track the product location, or enhance the delivery service the coding and marking equipment is beneficial for the e-commerce sector. Where these mentioned factors like product identification, product tracing, and product management the marking codes on the product help online stores to ensure the business smoothly as these methods help them to protect their product from fake replacement and it will be helpful for successful delivery of the products to the customers on time.

For instance, the 2023 annual report published by Amazon states that the fourth quarter results indicate that there is a notable increase in net sales with 14% with a substantial amount of $170 billion. Previously in the year 2022, the data shows that there is a significant rise in the year 2023 where the net sales amount in 2022 was 149.2 billion.

• Increased technological advancement propels the coding and marking equipment market growth.

The technological advancement in the field of coding and marking is driving the market to another extent. The evolution of technology enables businesses to operate efficiently and helps them to solve their problems with respective packaging and safeguarding the products that are stored in the inventory. Technical advancements like product marking and labeling on products with information and dates involving accuracy are significant growth in the field of technology.

Innovative technologies with laser printing on the products enable long-duration and quality codes on a variety of materials which makes them a perfect fit for the coding and marking market. An Inkjet printing device is a printing equipment that can operate under all surfaces making the device more durable. As these are some of the advanced equipment with a variety of features, based on requirement and importance the equipment is used by manufacturers.

• Enhanced government regulations and protocols boost the coding and marking equipment market growth.

The producers of the products over the globe are facing difficulties in every stage of product manufacturing. The manufacturing of a product involves various regulations and protocols to deliver it to the consumers. The coding and equipment are the new face and solution for the problems of manufacturers. Governments all over the globe are initiating rigorous and stringent rules and protocols with respective labeling standards, specifically food safety and cleanliness. These types of regulations require intricate coding configurations.

The coding and marking equipment help the manufacturer to print the details and adhere to the government protocols on the product like manufacturing date, expiry date, and ingredients usage which creates transparency towards the government as well as consumers keeping health aspects in mind.

For instance, according to U.S Food and Drug Administration published an article it states that food labeling is mandatory for all packed products like bread, cereals, frozen meats, etc

North America is expected to grow significantly.

North America is anticipated to account for a significant share of the global coding and marking equipment market due to various factors. The region is renowned for its technical advancement in the field of coding and marking equipment and early adopters of these technologies in various fields from food to healthcare. The United States region is well-versed in e-commerce players like Amazon is a significant market driver for coding and marking equipment growth. As the products from Amazon are delivered all over the globe on a huge scale influencing long-lasting networks in the field of supply chain.

For instance, The Government of Canada invested $1.3 million in Simpson printing to enhance the production rate and to increase job offerings the investment entitles to the adoption of green technologies in printing and deducts the carbon footfalls in the region. As these sustainable programs from the government will boost the coding and marking equipment market growth.

Market Challenges

• Increased introductory costs hinder the coding and marking equipment market growth.

The primary investment with the respective advanced coding and marking equipment specifically the laser printing system is the abstract for small and medium businesses. The cost is the factor that may limit the wide adoption of technologies into the business.

• Prevalence towards maintenance requirements curbs the coding and marking equipment market growth.

The coding and marking equipment devices want systematic service for longer durability and enhanced performance with respective printing materials to maintain stable print quality. The factor that rises the operational expenses for the business

Key Developments

• In March 2024: Markem Image launched a product called MW2160P CIJ white ink the introduction of this particular product is to solve the problems with cables and products like bread, cereals etc. The feature of white ink includes longer durability, long-lasting bonding, and accurate coding the ink is capable of printing on objects like rubber and specialized plastics.
• In November 2023: Xaar partnered with Codpad to introduced a product called UV inkjet coding machine infusing Irix printhead. The new machine is particularly designed for various coding applications like plastics, wood and metal objects which enables easy installations and low maintenance.

Company Products

Persosmart: the product offered by Atlantic Zeiser is an innovative colour printing device that prints a variety of personalized cards for various purposes. The types of cards include financial cards, healthcare cards, etc. The device is capable of printing 1500 cards at a single time.

Segmentation

• By Origin
  • Contact Marking Equipment
  • Non-Contact Marking Equipment
• By Technology
  
  • Laser
  • Continuous Inkjet (CIJ)
  • Piezo Inkjet (PIJ)
  • Thermal Inkjet (TIJ)
  • Thermal Transfer Overprinting (TTO)
  • Drop-on-demand Technology
• By Industry
  • Chemical
  • Manufacturing
  •  Healthcare
  • Electrical and Electronics
  • Packaging
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others