Insights on the Coding and Marking Equipment Global Market to 2027 - Expansion of Packaging and Production Sectors are Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Coding And Marking Equipment Market By Product Type, By Vertical, By Regional Outlook, Industry Analysis Report and Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.

The Global Coding and Marking Equipment Market size is expected to reach $19.2 billion by 2027, rising at a market growth of 4.9% CAGR during the forecast period.

The method of printing critical product and traceability information on packaging, labels, and other produced materials is known as marking and coding. Barcodes, serialization codes, and expiration dates are all common examples. Product owners need to put marks and codes on their product packaging, cartons, and other materials for a variety of reasons.

Coding and marking equipment in the automotive sector can play a critical role in preventing counterfeit automobile components by properly coding the parts. The Car Aftermarket Suppliers Association (AASA) estimates that counterfeit products cost the automotive sector some USD 12 billion per year.

To combat counterfeiting, automotive manufacturers often use invisible inks to print scannable, anti-counterfeiting barcodes. The advances in the automotive industry's anti-counterfeiting efforts are likely to drive demand for coding and labeling technology.

Since consumer worries about health and safety have grown, consumers are looking for products with regulatory certificates and traceability marks. Aside from that, the global market for food and beverage coding and marking equipment has seen a succession of technical advances that have increased efficiency and flexibility. To cut waste and production costs, manufacturers are producing printers that recycle any unused ink. They're also working on technology that requires fewer replacement parts to reduce downtime.

Cosmetics and personal care products are one of the world's fastest developing industries. Manufacturers are seeking for ways to distinguish their products through inventive packaging to increase brand image in this increasingly competitive industry. Coding and marking technology include inkjet and laser coders that can code high-precision 2D DataMatrix as well as other barcodes at fast rates on a variety of package forms and materials.

Market Growth Factors:

Adoption of the latest and cutting-edge technologies

The market is driven by the adoption of modern technologies such as automation and artificial intelligence in businesses. Serialization equipment that is connected to the manufacturing line can alert operators to any faults or when actions are necessary at various points along the line. Data uploaded to a cloud-based system can be displayed on a remote device or the production floor's primary monitor, assisting operators in determining when any parameters are approaching poor condition, when consumables are running low, or if maintenance is required.

Expansion of packaging and production sector

The rapid expansion of the production and packaging sectors in various nations across the world is driving revenue growth in the global coding and marking equipment market. As a result of the rising usage of creative packaging, particularly adaptable packaging, the packaging business is developing. This is due to shifting local markets and an increasing intermediate population.

Marketing Restraining Factor:

Disruption among industries where the equipment is being employed

The COVID-19 pandemic has had a detrimental influence on economies and businesses in numerous countries due to shutdowns, transportation limitations, and commercial closures. The food and beverage business is one of the most disrupted industries in the world. the complete shutdown of restaurants and food outlets caused a major downfall to the industry. Moreover, the closure of manufacturing units of fast food and junk food units also disrupted the industry. Due to these reasons, the utilization of coding and marking equipment was significantly reduced.

Market Segments Covered in the Report:

By Product Type

• Continuous Inkjet (CIJ) Printer
• Thermal Inkjet (TIJ) Printer
• Laser Printer
• Piezo Inkjet Printer, and
• Others

By Vertical

• Food & Beverage
• Pharmaceutical
• Construction
• Cosmetics, and
• Others

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

• Hitachi, Ltd.
• Danaher Corporation
• Matthews International Corporation
• ProMach, Inc.
• HSA Systems ApS
• Koenig & Bauer Coding GmbH (Koenig & Bauer AG)
• Leibinger Group
• Markem-Imaje (Dover Corporation)
• Domino Printing Sciences PLC (Brother Industries)
• REA Elektronik GmbH

For more information about this report visit https://www.researchandmarkets.com/r/bqcz63

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Laura Wood, Senior Press Manager
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