The global Coding And Marking Equipment market size is expected to be worth around US$ 30.1 billion by 2030, according to a new report by Vision Research Reports.
The global Coding And Marking Equipment market size was valued at US$ 15.5 billion in 2020 and is anticipated to grow at a CAGR of 6.5% during forecast period 2021 to 2030.
|Product type, End-use Industry|
|Danaher Corp.; Domino Printing Sciences Plc; Hitachi Ltd.; Markem-Imaje Group; Matthews International Corporation; Leibinger Group; REA Elektronik GmbH; ProMach Inc.; Koenig & Bauer Coding GmbH; HSA Systems|
The growth of the market can be attributed to the growing health consciousness among consumers. The growing preference among consumers for packaged and labeled food and beverages is particularly encouraging food and beverage manufacturers to deploy coding and marking equipment, thereby driving the growth of the market.
The adoption of multifunctional inkjet printers for coding and marking purposes is expected to gain significant traction over the forecast period. Multifunctional inkjet printers are highly versatile as they support various functions, including scanning, copying, fax, and printing. Moreover, the cost of multifunctional inkjet printers also tends to be lower than that of conventional inkjet printers. Even though the operating cost of multifunctional inkjet printers is typically high owing to the power they consume and the maintenance they require; their features, such as USB, Bluetooth, and Wi-Fi connectivity, and LCD touchscreen, make them highly user-friendly. Hence, small businesses and enterprises prefer multifunctional inkjet printers for coding and marking purposes.
By Product Type Analysis
The continuous inkjet (CIJ) printer segment dominated the market in 2020 and accounted for a revenue share of more than 32%. CIJ printers use a non-contact method to provide versatile and reliable coding to support high-quality, fast-paced production for several use cases.
The thermal inkjet (TIJ) printer segment is anticipated to register the highest CAGR over the forecast period. TIJ printers can offer a low-cost option for printing as they can print at fast speeds and high quality on anything. These printers are easy to use and require no special practice or training to operate.
By End-use Industry Analysis
The food and beverage segment dominated the market in 2020 and accounted for a revenue share of more than 31%. Food safety accreditation is a prerequisite for food companies selling their products via online channels or via retailers.
The pharmaceutical segment is anticipated to expand at the highest CAGR over the forecast period. It is of paramount importance for the incumbents of the pharmaceutical and healthcare industry to code and identify their products and packaging systems.
By Regional Analysis
North America dominated the market for coding and marking equipment in 2020 and accounted for a revenue share of over 32%. The pharmaceutical and healthcare industry in North America can be described as a mature industry characterized by several industry incumbents investing aggressively in research and development to innovate new drugs and treatments.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. Asia Pacific is home to emerging economies, such as India and China. The packaging industry in India is growing rapidly, and packaging companies in India are aggressively innovating their packaging systems, thereby contributing to the growth of the regional market.
The Coding And Marking Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Coding And Marking Equipment market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Coding And Marking Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Coding And Marking Equipment market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Coding And Marking Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Coding And Marking Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Coding And Marking Equipment by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Coding And Marking Equipment market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Coding And Marking Equipment market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Coding And Marking Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Coding And Marking Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Coding And Marking Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Coding And Marking Equipment market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Coding And Marking Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Coding And Marking Equipment market. These factors have benefited the growth of the global market for Coding And Marking Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Coding And Marking Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Coding And Marking Equipment are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: