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 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061610965
- Pages : 114
Global Coding and Marking Equipment market is projected to witness a CAGR of 8.86% during the forecast period to reach a total market size of US$3.956 billion by 2022, increasing from US$2.588 billion in 2017. The rapid growth of industries like Food & Beverage, Healthcare, and Cosmetics is expected to fuel the growth of the Coding and Marking Equipment market. In order to attract customers and increase their profits, the players in these industries are constantly coming up with more attractive and innovative ways of packaging products. Asia-Pacific and Europe are the major regions that can be seen dominating the global market by the end of the forecast period. Technological advancements and innovations are making the equipment more efficient and easier to use. Collaborative partnerships between players in this market will further boost the growth. Strict laws by the governing bodies of various countries have made it mandatory for all the market players to follow standard coding and marking guidelines which have led to an increase in demand for coding and marking equipment over the forecast period.
By Equipment Type
The popularity of non-contact marking equipment using Laser has been increasing globally over the past ten years and the market for this type of equipment is expected to grow over the forecast period due to their higher efficiency. Contact marking equipment has been in use for more than fifty years and has a wide range of applications not only on large scale but also on small scale.
Laser is the latest technology which is being widely adopted by most of the manufacturers in the market. Continuous Inkjet, Piezo Inkjet, Thermal Inkjet, and Drop-on-demand are some of the technologies that witnessed significant demand growth before Laser technology started gaining traction among the end users. The coding and market equipment incorporating these technologies are still popular both in global and domestic markets.
Coding and Marking equipment have applications in industries like manufacturing, healthcare, chemical, electrical & electronics, packaging, and other small and large-scale industries. The vendors have a wide range of options and can choose equipment that can fulfill their business needs and thereby boosting their sales and profit.
North America was the early adopter of coding and marking solutions due to the large number of manufacturers in that region. With e-commerce gaining momentum, the adoption of advanced coding and marking solutions will grow exponentially to enhance product security and prevent forgery. Due to an increase in the popularity of western culture in the Asia-Pacific region, many companies from the west will start catering to the customers in this area. This will boost the growth of the coding and marking equipment market in this region.
- By Origin
- Contact Marking Equipment
- Non-Contact Marking Equipment
- By Technology
- Continuous Inkjet (CIJ)
- Piezo Inkjet (PIJ)
- Thermal Inkjet (TIJ)
- Thermal Transfer Overprinting (TTO)
- Drop-on-demand Technology
- By Industry
- Electrical and Electronics
- By Geography
- North America
- South America
- Middle East and Africa (MEA)
- Asia Pacific (APAC)
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