The Global Market for Coding and Marking Systems & Solutions is Projected to Reach US$4.6 Billion by 2022

Growing Emphasis on Product Traceability & Anti-Counterfeiting to Drive Demand for Coding & Marking Systems & Solutions, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Coding and Marking Systems & Solutions market. The global market for Coding and Marking Systems & Solutions is projected to reach US$4.6 billion by 2022, driven by the growing emphasis on product traceability, anti-counterfeiting, stringent regulatory requirements, and technology advancements.

Coding and marking form an important part of the manufacturing process and intralogistics of consumer and industrial goods. The growth in the market is primarily led by manufacturers’ growing focus on branding, product traceability, anti-counterfeiting and illegal trafficking prevention of manufactured goods. In addition, growing pressure from the regulatory environment and focus on industry standards for consistent and reliable coding and marking of manufactured products are benefiting growth in the market. Rapidly growing retail sector and demand for FMCG goods on the back of favorable demographic and socio-economic factors such as growing population, fast paced urbanization, and rising living standards, are other factors encouraging market prospects.  

Coding and marking systems market continues to benefit from technology innovations focused on solutions that facilitate cleaner, faster and reliable coding and marking on multiple surfaces with high resolution. End-use industry trends such as increase in code content, product range diversity, and late stage customization are paving the way for the development of flexible coding technologies. Novel ink chemistries such as quick drying, water and humidity resistant, Ketone-free, and MEK-based solutions offering unmatched level of performance efficiency and efficacy are also making way into the systems. As the manufacturing industry moves towards embracing the Industry 4.0 concept, coding and marking systems manufacturers are focusing on building intelligence into their systems. Besides technology advancements, the industry is expected to gain from the replacement of analog systems and old machinery that are unable to keep up with the evolving regulatory requirements such as serilaization and individualization of packaging for traceability. The food and beverage sector remains the primary end-use market for coding and marking systems. In the pharmaceutical packaging sector, demand is driven by stringent regulations such as the US Drug Supply Chain Security Act (DSCSA) and the European Union (EU) Falsified Medicines Directive (FMD). 

Continuous inkjet (CIJ) printers continue to remain the dominant coding and marking technology in the long term with growth sustained by advancements such as integrated systems with advanced ink chemistries. Thermal transfer overprinter (TTO) systems are forecast to register the fastest growth over the analysis period. The growth in the segment is driven by attributes such as greater flexibility in terms of print surfaces and area and high quality code prints. Laser systems are also forecast to register steady growth due to favorable characteristics in form of ease-of-use, low maintenance, high performance and elimination of inks and other consumables.

As stated by the new market research report on Coding and Marking Systems & Solutions, Asia-Pacific represents the largest market worldwide. Trailing a CAGR of 6.3% over the analysis period, the region also ranks as the fastest growing market, led by strong growth in manufacturing and processing sectors, rapid urbanization, and rising demand for FMCG goods.

Major players covered in the report include ATD Ltd., Diagraph Corporation, Domino Printing Sciences PLC, Hitachi Industrial Equipment Systems Co, Ltd., Iconotech, ID Technology LLC, InkJet Inc., Linx Printing Technologies, Markem-Imaje SAS, Matthews Marking Systems, Paul Leibinger GmbH & Co. KG, REA Elektronik GmbH, SATO Labeling Solutions America Inc., Universal Labeling Systems Inc., and Videojet Technologies Inc.

The research report titled “Coding and Marking Systems & Solutions: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and strategic industry activities of global companies. The report provides market estimates and projections for Coding and Marking Systems & Solutions in US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Middle East & Africa and Latin America. The report also analyzes Coding and Marking Systems & Solutions market by Technology – Laser, Thermal Transfer Overprinting, Continuous Inkjet, Print and Apply Labelling, and Others (Valvejet, and Piezo Drop on Demand among others) at the global level.

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