Coding and Marking Systems and Solutions - Global Market Trajectory & Analytics
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Global Coding and Marking Systems and Solutions Market to Reach $4.7 Billion by 2026
Coding and marking forms an important part of the manufacturing and intralogistics processes of packaged consumer and industrial goods. Coding and marking systems are used to print product-related details, such as manufacturing date, batch number, and expiry date among others, on the package. Demand in the market is impacted by the outlook in the retail sector and the level of demand in the key end-use sectors such as food and beverage, cosmetic, chemical, pharmaceutical, and construction and building material among others. The increasing use of coding and marking systems for printing of batch numbers, government identification codes, and printing labels among others on both primary and secondary packaging materials in industries such as automotive, healthcare, chemical, construction, semiconductor and electronics, and food and beverage among others presents considerable opportunities for growth. In addition, end-use industry trends such as increase in code content, diversity in product range, and the need to optimize time at manufacturing facilities is paving the way for the development of coding and marking technologies that make alterations simpler.
Amid the COVID-19 crisis, the global market for Coding and Marking Systems and Solutions estimated at US$3.8 Billion in the year 2022, is projected to reach a revised size of US$4.7 Billion by 2026, growing at a CAGR of 5.5% over the analysis period. Continuous Inkjet, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$1.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Laser segment is readjusted to a revised 7.4% CAGR for the next 7-year period. New generation coding and marking systems including continuous inkjet (CIJ) printers can code large amounts of variable information onto any type of surface such as organic or non-organic, absorbent or non-absorbent, smooth or uneven, dry, greasy, oily, or humid surface among others. The dominant share of CIJ segment is due mainly to its ease of installation. Laser systems are gaining momentum due to their superior benefits in the form of ease-of-use, low maintenance, high performance and no need for inks and other consumables.
The U.S. Market is Estimated at $783.1 Million in 2022, While China is Forecast to Reach $680.3 Million by 2026
The Coding and Marking Systems and Solutions market in the U.S. is estimated at US$783.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$680.3 Million by the year 2026 trailing a CAGR of 7.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR. In Asia-Pacific region, growth is being spurred by the surging demand from various end-use industries specifically food and beverage, cosmetic and pharmaceutical sectors. Increase in consumer incomes, westernization, improved lifestyles and marketing/retailing practices are poised to enhance demand for packaged consumer goods in developing markets, while presenting growth opportunities for coding and marking systems. North America and Europe are other major regions in the coding and marking system market, with growth fueled by sustained technology developments and increasing R&D investments being made by vendors. In the US and European countries, legislative specifications and industry standards are facilitating growth of coding and marking systems market.
Thermal Inkjet Segment to Reach $817.2 Million by 2026
Thermal inkjet continues to evolve with a need for inks that will dry faster and offer better adhesion. Advanced ink types and high-resolution capabilities make thermal inkjet ideal for printing on masks in a manufacturing line. In the global Thermal Inkjet segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$412 Million will reach a projected size of US$617.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$119.3 Million by the year 2026, while Latin America will expand at a 7.1% CAGR through the analysis period.
Select Competitors (Total 113 Featured):
Hitachi Industrial Equipment Systems Co, Ltd.
Paul Leibinger GmbH & Co. KG
What`s New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
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Frequently Asked Questions about the Global Market for Coding and Marking Systems and Solutions
What is the estimated value of the Global Market for Coding and Marking Systems and Solutions?
The Global Market for Coding and Marking Systems and Solutions was estimated to be valued at $3.8 Billion in 2022.
What is the growth rate of the Global Market for Coding and Marking Systems and Solutions?
The growth rate of the Global Market for Coding and Marking Systems and Solutions is 5.5%, with an estimated value of $4.7 Billion by 2026.
What is the forecasted size of the Global Market for Coding and Marking Systems and Solutions?
The Global Market for Coding and Marking Systems and Solutions is estimated to be worth $4.7 Billion by 2026.
Who are the key companies in the Global Market for Coding and Marking Systems and Solutions?
Key companies in the Global Market for Coding and Marking Systems and Solutions include ATD Ltd, Diagraph Corporation, Domino Printing Sciences plc, Hitachi Industrial Equipment Systems Co, Ltd., Iconotech, InkJet, Inc., Linx Printing Technologies Ltd, Markem and Matthews Marking Systems.
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Focus on Product Traceability and Anti-Counterfeiting Measures to Build Huge Opportunities for Coding and Marking Market
Concerns over Counterfeiting and Diversions Drives Global Brands to Adopt Advanced Coding and Marking Solutions
Global Sales Losses due to Counterfeit Goods (in Euro Billion) by Retail Sector for 2020E
Global Counterfeit Goods Market by Country: Percentage Breakdown of Goods Value Seized by Country of Copyright Owner
Industry 4.0 Plays a Critical Role in Enhancing Efficiency of Coding and Marking Systems
Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
Industry 4.0 Poised to Transform FMCG Coding and Marking
Demand for Manufactured and Processed Goods to Influence Growth in Coding and Marking Market
World Urban Population in Thousands: 1950-2050P
Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
Product Innovations Keep Market Momentum Intact
Continuous Inkjet (CIJ): Prominent Technology Type for Coding and Marking
Ultra-High Speed CIJ Technology Experience Demand Growth
Flexible Packaging Market Presents Potential Opportunities for CIJ Technology
Global Flexible Packaging Market Size (in US$ Billion) for the Years 2019, 2022 & 2025
Thermal Transfer Overprinting: An Ideal Technology for Flexible Packaging
Laser Marking Systems Poised to Witness High Growth
Global Industrial Laser Systems Market for Marking and Engraving: Percentage Breakdown of Laser Revenues by Laser Type for 2020E
Lasers Find Use in High-Speed Marking
Manufacturers Rely on Laser Systems for Permanent Marking Needs
Laser Marking Systems for Traceability of Magnesium Parts in Automotive Industry
Inkjet Devices for Coding and Marking Facilitate Product Tracking and Tracing
Inkjet Coders Ensure Higher Efficiency with Lower Downtime for Primary Packaging
Advanced Systems Vs Legacy Systems
Benefits for Users & Buyers of Packaging Machinery
Room for Further Improvements in Inkjet Coding
The Future of Inkjet Coders
Thermal Inkjet: Extended Application Scope Aids Growth
Addressing Ink-related Obstacles of High-Speed Coding for Primary Packaging
Replacement of Analog Systems with Digital Products to Present Growth for Coding and Marking Market
Digital Labeling and Smart Labels Enable Efficient Tracking of Products
Coding and Marking Systems with Advanced Software Make Gains
Food and Beverages: The Key End-Use Market for Coding and Marking Systems
Global Packaged Food Market Size (in US$ Billion) for the Years 2019, 2023 and 2026
Evolving Technologies Assist Food Companies to Prevent Food Contamination and Counterfeiting
Number of Food Recalls in the US: Breakdown by Class I Recalls and Class II & III Recalls for 2014-2019
Coding and Marking Becomes Critical Importance in Dairy Packaging
Rising Prominence of Coding and Marking Technologies for Bakery Sector
Coding and Marking Technologies Address Challenges Confronting the Bakery Industry
TTO Technology Holds an Edge in Bakery Sector
Coding of Salty Snacks Packaging
Coding and Marking Gain Precedence in Confectionery Packaging
Advanced Coding and Marking Systems for Meat Packaging
Coding Systems Vendors Sense Potential Opportunities in Egg Coding Segment
Innovative Coding Technologies for Ready-Meal Products
Emergence of Food-Grade Inks for Direct Printing on Food
Beverage Companies Leverage Coding and Marking to Augment Supply Chain Management
Global Consumption of Packaged Beverages by Type: Percentage Share Breakdown by Volume for 2019 & 2025
Serialization Requirements Put Focus on Effective Coding in the Pharmaceutical Sector
Legislations to Accelerate Demand for Medical Coding Systems
Labeling & Serialization Equipment Benefit from Increased Focus on Preventing Counterfeiting of Drugs
Global Number of Pharmaceutical Counterfeiting Incidents for Years 2000, 2005, 2010, 2015, 2019 & 2022
Most Widely Counterfeited Pharmaceuticals Worldwide: Percentage Share of Value of Fake Drugs Seized
Major Coding Trends in the Pharmaceutical Space
Coding and Marking Technologies for Pharmaceutical Sector
Laser Systems Gain Traction in Coding Pharmaceutical HDPE Packaging
TIJ Printers Make a Cut in Pharmaceutical Porous Material Packaging
Pharmaceutical Companies Prefer Innovative Inks with Superior Water Fastness
Laser Marking Method Emerges to Address Medical Device Challenges
Automakers Leverage Coding and Marking for Improving Assembly Line Efficiency
Global Automotive Market Growth Outlook (in %) for Years 2019 through 2025
Growing Sales of Electronics and Electrical Systems Drive Need for Coding and Marking Systems
Pandemic Disrupts Electronics & Electrical Manufacturing Activity, Influencing Coding & Marking Market Growth
Global Electrical & Electronics Equipment Market Growth Outlook (in %) for Years 2019 through 2025
Cosmetics Manufacturers Rely on Coding and Marking to Improve Product Image
Global Personal Care Market Growth Outlook (in %) for the Period 2019-2025
Need for Transparency in Cosmetic Products to Fuel Demand for Coding and Marking
Construction Materials Manufacturers Rely on Coding Technologies to Improve Product Efficiency and Security
Automated Traceability Advances Steel Tube and Pipe Industry
Surge in E-Commerce Sales Presents Growth for Coding and Marking Market
Global e-Commerce Market Growth Outlook (in %) for Years 2019 through 2025
Regulatory Legislations and Industry Standards Underpin Sales Growth
High System Cost and Rising Raw Material Prices Challenge Market Growth
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
Coding and Marking Systems Market in the US: An Overview
Food Processors Prioritize Coding and Marking of Products
Drug Counterfeiting Concerns Encourage Market Growth
Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China: A Major Market for Packaging Machinery
Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
An Insight into Coding and Marking Systems Market in Europe
Coding Systems Focus on Expanding Footprint in Europe’s Vast Dairy Industry
Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)