Coding and Marking Equipment Market Analysis | 2023-2028

Market Insights

"The coding and marking equipment market was estimated at USD 15.96 billion in 2022 and is likely to grow at a CAGR of 5.50% during 2023-2028 to reach USD 22.07 billion in 2028".

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Market Dynamics

Introduction

A coding and marking equipment is a machine that is designed for marking bottles, glass jars, beverage cans, and plastic bottles among others. It can be made using various technologies including CIJ printing and coding, laser coding and marking, TIJ printing, and DOD printing among others.

COVID-19 Impact

The COVID-19 outbreak impacted the growth of the market negatively. The spread of coronavirus led to the enforcement of lockdown to curb the spread of virus. This led to travel restrictions and supply chain disruptions, which in turn affected the market growth further.

Market Drivers

These factors are expected to boost the demand for the market in the coming year:

• Growing consumption of packaged food products and beverages.
• Expanding growth of the food and beverage industry.
• Increasing government regulations pertaining to proper labelling of food & beverages.
• In addition to this, the growing demand for advanced coding and marking equipment is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segments Analysis

By Technology Type

"The CIJ printing and coding segment market share of more than 30% in 2022 and is expected to dominate the market during the forecast period".

• The coding and marking equipment market has been bifurcated into CIJ Printing and Coding, Laser Coding and Marking, TIJ Printing, DOD Printing, and Others. 
• A non-contact method is used by CIJ printers to provide adaptable and definitive coding to support high-quality and fast production for various uses. Other reasons contributing to the growth of this segment include high penetration into the market and the easy availability of these printers and also the inks used.
• Various market players are improving their CIJ printers to hold their market position. The TIJ printer segment is expected to register the highest CAGR during the review period. TIJ printers offer a low-cost printing option at fast speeds and high quality. The operation of these printers is easy and requires no special practice or training.

By Application Type

"The food & beverage segment held more than 30% market share in 2022 and is projected to register significant growth during the review period".

• The market has been bifurcated into food and beverage, healthcare, industrial, and others.
• The segment growth can be attributed to the significant growth of the food & beverage industry globally.

Regional Analysis

"Asia-Pacific accounted for the largest market share in 2022 and is projected to grow at a significant CAGR during the assessment period".

• The regional growth can be attributed to the increasing growth of food & beverages and healthcare among others. The market in North America held more than 33% share in 2021 and is expected to be driven by increasing demand for advanced marking equipment in the end-use industries.

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key Players

The following are the key players in the Coding and Marking Equipment Market (arranged alphabetically).

• Danaher Corporation (The U.S),
• Domino Printing Sciences PLC (UK),
• Dover Corporation (The U.S),
• Hitachi, Ltd (Japan),
• Inkjet Inc. (The U.S),
• Matthews International Corporation (The U.S),
• Paul Leibinger GmbH & Co. KG (Germany),
• Pro Mach, Inc. (The U.S),
• REA Elektronik GmbH (Germany), and
• SATO Holdings Corporation (Japan).

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
• We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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