Marking and Coding Equipment Market By Technology (Continuous Inkjet (CIJ), Thermal Inkjet (TIJ), Thermal Transfer Overprint (TTO), Laser Coding System, Large Character Marking (LCP), Label Print Applicator (LPA), Other Printers), Application (Flexible Packaging, Rigid Packaging) & Region – Forecast 2022 – 2027. [Report of 226 Pages] The global marking and coding equipment market is expected to be worth US$ 1.3 billion in 2022, rising at a CAGR of 5.6 percent to US$ 1.8 billion by 2027.
According to the latest Future Market Insights (FMI) analysis, demand for continuous inkjet (CIJ) is estimated to reach US$ 647 million in 2022, growing at a CAGR of 5.1 percent from 2022 to 2027.
During the projected period, the India marking and coding equipment market is expected to develop at an annual rate of 8.0 percent. Despite initial doubts about how the market would react in the event of a global pandemic. In 2022, total sales of marking and coding equipment in Asia Pacific amounted to US$ 504 million.
Manufacturing is predicted to grow significantly in the second half of this decade. Because marking and coding are required in practically every end-use industry, such as food, drinks, and pharmaceuticals, the marking and coding equipment market has a bright future.
The study’s goal is to estimate market sizes for various segments and nations in recent years and anticipate values for the next eight years. The report is structured to include both qualitative and quantitative characteristics of the sector in each of the study’s regions and countries. Furthermore, the research provides thorough information on critical areas such as driving drivers and obstacles that will shape the market’s future growth. The research will also include accessible opportunities in micro markets for stakeholders to invest, as well as a complete analysis of the competitive landscape and significant competitors’ product offers. The following are the market segments and sub-segments in details
Global Marking and Coding Equipment Market: Analysis of Various Segments
The global marking and coding equipment market has been segmented by technology type, by application type, by end use and by region.
- By technology type, the continuous inkjet printer segment is the largest with respect to market value and dominates the global market. On the other hand, laser coding systems have gained high traction and this is the second largest segment, projected to grow at the highest rate to register a CAGR of 6.5% during the forecast period.
- By region, Asia Pacific excluding Japan (APEJ) is the most attractive and the marking and coding equipment market in this region is estimated to reach a high value of around US$ 710 Mn by 2027 end.
- By application, the rigid packaging segment is likely to dominate the global market with a higher market share in terms of both value and volume in the years to follow. The flexible packaging application segment is projected to grow at 5.8% CAGR during the 2022 – 2027 timeline
- By end use, the food segment is expected to exhibit high potential for growth in the global marking and coding equipment market. This segment is anticipated to lead the global market in terms of value and is estimated to reach a high valuation of about US$ 784 Mn by the end of the forecast period.
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Factors Affecting Growth in the Global Marking and Coding Equipment Market
The global marking and coding equipment market is expected to grow due to factors such as a positive retail sector outlook, seamless integration with active packaging solutions, rising demand from the chemical packaging industry, new product launches, advancements in laser marking technology, high growth in the food industry, and increasing use of marking and coding equipment in the building and construction material industry across the globe.
A number of factors, such as political unrest, fierce rivalry, high consumable costs, and uneven package coding, which leads to higher costs, are expected to stymie the worldwide marking and coding equipment market’s expansion.
Global Marking and Coding Equipment Market: Competition Assessment
This fact based research study on the global marking and coding equipment market includes a detailed analysis of various companies participating in the global market such as Hitachi America, Ltd., Videojet Technologies, Inc., Markem-Imaje Corporation, Domino Printing Sciences plc., Interactive Coding Equipment (ICE), TYKMA Electrox, Inc., Squid Ink Manufacturing Inc., ATD Ltd., Open Date Systems, Inc., MACSA ID S.A, RN Mark Inc., Diagraph Corporation, Linx Printing Technologies, Numeric Marking Systems, Control Print Ltd., Durable Technologies, REA Elektronik GmbH, Matthews International Corporation, INKJET, Inc., and KGK Marking Technologies Group.
Global Marking and Coding Equipment Market: Vital Forecast Highlights
The global marking and coding equipment market is expected to grow at a CAGR of 5.5% throughout the period of forecast and is estimated to reach a value of US$ 1770 Mn by the end of the assessment year.
- Continuous Inkjet (CIJ)
- Thermal Inkjet (TIJ)
- Thermal Transfer Overprint (TTO)
- Laser Coding System
- Large Character Marking (LCP)
- Label Print Applicator (LPA)
- Other Printers
By Application :
- Flexible Packaging
- Pouches & Sachets
- Vacuum / Shrink films
- Rigid Packaging
- Pipes & Tubes
- Bottles & Jars
- Metal Parts
- Trays & Clamshells
By End-use Industry :
- Personal & Homecare
- Electricals & Electronics
- Chemical & Fertilizers
- Building Materials
- Other Industries
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East and Africa (MEA)
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