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The global Coding and Marking Systems market research report published by market insight reports discovers the current outlook in global and key regions from the viewpoint of Major Players, Countries, Product Types, and end industries. This report studies top players in the global market and divides the Market into several parameters.
This Coding and Marking Systems Market research report pinpoints the competitive landscape of industries to understand the competition at the International level. This report study describes the projected growth of the global market for approaching years from 2023 to 2029. This research report has been accumulated based on static and dynamic views of the businesses.
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The Leading Players in the Global Coding and Marking Systems Market :
Videojet Technologies, Hitachi America, Markem-Image Corporation, Domino Printing Sciences, Squid Ink Manufacturing, ATD Ltd, TYKMA Electrox, MACSA ID, REA Elektronik GmbH, Linx Printing Technologies Ltd, RN Mark Inc, Control Print Ltd and Others.
Industry news & Update
June 2020, Domino Printing Sciences plc announced that it will be introducing X630i, its first digital inkjet product offering for corrugated materials. Along with this automated inkjet printing solution, the company will also launch a new ink set based on the novel water-based ink technology.
In the United States, the market for coding and marking systems and solutions is anticipated to reach US$783.1 Million in 2022. China, the second-largest economy in the world, is anticipated to have a market worth US$680.3 million by 2026, growing at a 7.3% CAGR throughout the study period.
The desire for quicker-drying and better-adhering inks is still present in thermal inkjet technology. Thermal inkjet is the best printing technology for printing on masks in a production line due to its high-resolution capabilities and modern ink kinds.
Growth Drivers- The primary growth drivers of global coding and marking system are the expansion in retail market and rising demand for FMCG products. Global coding and marking systems are expanding all around the world as a result of increased regulatory pressures from governmental organizations to meet market-specific industrial standards. It has been noted that the current market for environmentally friendly marking systems is expanding as a result of the launch of numerous marking tools made of biodegradable resin.
Challenges- Coding and marking devices are tending to be very expensive. So, coding and marking systems installation into place is challenging. All supply chain participants, especially the smaller companies, might not have the financial means to set up the infrastructure necessary to adopt coding and marking systems. Therefore, it is anticipated that the market's expansion over the forecast period will be constrained by the high cost associated with the coding and marking equipment.
Opportunities -Government norms and increase product innovation has made to opportunity for coding and marking system to grow. The government norms all across the globe mandate the marking on F&B and pharmaceutical products. Because of the government's stringent regulations, end users are now adopting coding and marking systems to guarantee accurate labeling of the produced goods
This report segments the global Coding and Marking Systems market based on types are:
Continuous Inkjet (CIJ)
Piezo Inkjet (PIJ)
Thermal Inkjet (TIJ)
Laser Coding
Others
Based on application, the Global Coding and Marking Systems market is segmented into:
Food & Beverage
Pharmaceuticals
Construction
Personal & Homecare
Electricals & Electronics
Automotive
Chemicals & Fertilizers
Other
Post covid-19 coding and marking systems market is dominated by F&B and pharmaceutical end-user and F&B sector is anticipated to have the highest share during the projection period. The reason behind it is the coding and marking on all consumables and healthcare products has become mandatory by the law also.
Important Features that are under Offering and Key Underlines of the Reports:
– Detailed overview of the market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.,
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of the Coding and Marking Systems Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
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Regional Analysis for Coding and Marking Systems Market:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of the Coding and Marking Systems Market in these regions, from 2023 to 2029 (forecast), covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia–Pacific (China, Japan, Korea, India, and Southeast).
Key highlights of the report:
Market Performance (2016-2021) Market Outlook (2023- 2029) Porter's Five Forces Analysis Market Drivers and Success Factors SWOT Analysis Value Chain Comprehensive Mapping of the Competitive Landscape
Finally, the Coding and Marking Systems Market report is a believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, market development rate and figure, and so on. Coding and Marking Systems industry report additionally Presents new task SWOT examination, speculation attainability investigation, and venture return investigation.
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