According to Arizton’s latest research report, the global coding and marking market is growing at a CAGR of 8.59% during 2022-2029.
Report Scope
Market Size (2029): $10.45 Billion
CAGR (2023-2029): 8.59%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Technology, End-Users, Product Mix, and Geography
Over the years, coding and marking technology has seen significant advancements, becoming faster, more efficient, and more precise. The varying demands for coding and marking solutions have led to the development of diverse printing technologies.As production continues to rise across various end-user industries and global competition intensifies, the need for effective coding and marking products has become increasingly critical. For vendors in the coding and marking industry, staying current with regulatory updates is essential. Policies and regulatory frameworks governing coding and marking across different regions play a crucial role in driving industry growth.
Key Developments:
Videojet Technologies: A leading player in the coding and marking industry, Videojet Technologies is enhancing its product offerings with a strong focus on connectivity and automation. The company’s latest inkjet printers and laser marking systems are now equipped with IoT-enabled features, enabling real-time monitoring and remote control of coding operations. These systems integrate seamlessly with smart factory environments, providing users with data analytics and predictive maintenance capabilities, which help minimize downtime and boost overall efficiency.
Hitachi Industrial Equipment & Solutions: Hitachi has been expanding its portfolio of continuous inkjet (CIJ) printers, renowned for their reliability and versatility across various industrial applications. The latest CIJ printers feature advanced printhead technology, delivering higher precision and improved print quality even at high speeds. These printers are specifically designed for demanding environments, such as automotive and electronics manufacturing, where consistent and accurate coding is critical.
Matthews International: A key innovator in high-resolution printing technology, Matthews International has introduced new thermal inkjet (TIJ) printers that deliver sharp, high-definition prints on a wide range of substrates, including both porous and non-porous materials. These printers are particularly suited for the packaging industry, where clear and legible codes are vital for product identification and traceability. The company is also investing in software development to further enhance the capabilities of its coding and marking systems.
Advances in Coding and Marking Market
Advances in coding and marking technologies have transformed the global landscape of product identification, traceability, and sustainability across multiple industries. Companies like Domino Printing Sciences are leading the charge in developing innovative solutions that align with sustainable packaging initiatives. For example, Domino has introduced water-based inks that provide an environmentally friendly alternative to traditional solvent-based inks.
REA Elektronik, a prominent name in industrial coding and marking, will be showcasing its sustainable packaging and label printing solutions at Drupa 2024. The REA JET UP Piezo Inkjet Printer, featuring fast-drying inks and universal printing capabilities, delivers high-resolution printing on various surfaces at speeds up to three times faster than other systems.
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The Growth of the Food and Beverage Industry Boosting the Demand for Coding and Marking Market
The food and beverage (F&B) industry emerged as the largest end-user segment in 2023, driven by the increasing need for precise coding and marking solutions to address evolving consumer demands. As global markets continue to expand and consumer spending rises, the demand for reliable coding and marking solutions within the F&B sector is expected to grow significantly.
With consumers becoming more aware of the ingredients in their food, regulatory scrutiny on product packaging has intensified. Effective coding and marking not only ensure that products comply with government regulations but also promote healthier food choices. Additionally, the increasing demand for sustainable packaging and visually appealing product designs is further fueling growth in this segment.
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Key Company Profiles
Brother Industries
CONTROL PRINT
Dover Corporation
Hitachi Industrial Equipment & Solutions
ITW Diagraph
Videojet Technologies
Other Prominent Vendors
ANSER Coding
Beijing Hi-Pack Coding
EBS Ink-Jet Systems
Guangzhou EC-PACK Packaging Equipment
ICONOTECH
ID Technology
Inkjet
Jet Inks
KGK Jet
KEYENCE
Koenig & Bauer Coding
Kortho Coding & Marking
Laserax
Leibinger Group
Macsa ID
Matthews International
MECCO
REA Elektronik
Squid Ink
Weber Marking Systems
Xaar
Zanasi
Market Segmentation
Technology
CIJ
Laser
Palm
TTO
PIJ
VIJ
TIJ
End-Users
Food & Beverage
Healthcare
Electrical & Electronics
Chemical & Construction
Automotive & Aerospace
Others
Product Mix
Consumables
Equipment
Spare Parts & Aftermarket
Geography
APAC
China
Japan
India
Australia
South Korea
Indonesia
North America
The U.S.
Canada
Europe
Germany
The U.K.
France
Italy
Benelux
Spain
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
South Africa
Iran
The UAE
Nigeria
Saudi Arabia
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Key Questions Answered in the Report:
What is the current market size of the coding and marking market?
What is the growth rate of the global coding and marking market?
What factors drive the growth of the global coding and marking market?
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