Coding and Marking Equipment Market Forecast | 2022-2028

Market Insights

The global coding and marking equipment market was projected to grow from USD 15.07 Billion in 2021 to USD 22.07 Billion by 2028 at a CAGR of around 5.55% during the forecast period.

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What is coding and marking equipment?

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.

Market Dynamics

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.

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Key Players

Key players operating in the coding and marking equipment market are-

• 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).

Segments Analysis

Technology Trends

The market has been bifurcated into CIJ Printing and Coding, Laser Coding and Marking, TIJ Printing, DOD Printing and Others. The CIJ printing and coding segment market share of more than 30% in the year 2021 and is expected dominated the market during the forecast period. 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.

Application Trends

The market has been bifurcated into food and beverage, healthcare, industrial, and others. Under these, the food & beverage segment held more than 30.3% market share in 2021 and is projected to register significant growth during the review period. The segment growth can be attributed to the significant growth of the food & beverage industry globally.

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Regional Analysis

Asia-Pacific accounted for the largest market share in 2021 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.

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories:

By technology type:

• CIJ Printing and Coding,
• Laser Coding and Marking,
• TIJ Printing,
• DOD Printing,
• Others.

By application type:

• Food and Beverage,
• Healthcare,
• Industrial,
• Others.

By region:

• North America
• Europe
• Asia-Pacific
• Rest of the world.

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COVID-19 Impact

Covid-19 outbreak impacted the growth of the market negatively. The spread of coronavirus led to 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.

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in thex` market?
• What is the market share of the top vendors?

Target Audience

The following is a list of the customers that the Coding and Marking Equipment market aims to convert the most:

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Research Methodology

This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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 the qualitative and quantitative insights.

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.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Customization Option

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.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.