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Coding And Marking Systems Market To Witness 7.0% Cagr During 2018-2024

By Author: Kelly Harper
Total Articles: 2

The coding and marking systems market is projected to contribute USD 3.4 billion in 2017 and is expected to witness a CAGR of 7.0% during the forecast period 2018-2024. The rapid growth of this market is majorly attributed towards the benefits attained by coding and marking systems such as protection from existing counterfeits in the market. Additionally, during the process of logistics these systems are used for tracking the goods from manufacturing unit till the product is delivered to the end consumer. These codes are also beneficial for the manufacturers in developing brand image, enhancing safety concerns and in providing quality assurance to the consumers.

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Geographically, North America accounts for largest market size of USD 800.3 million in 2017 in the global coding and marking system market and is further expected to estimate growth rate of 7.3% during 2018-2024 owing to technological upgradation and enhancing expenditure on research and development activities.

Europe is the second largest revenue holder in this market after North America. Moreover, Asia-Pacific is expected to witness fastest growth in this market owing to rapid upsurge of food and beverage industry, increasing demand for packaged products and implementation of several stringent rules portrayed by the government agencies in various countries of this region.

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Globally industry players are leveraging market growth throughtechnologicalupgradation in coding systems, innovation toadaptwithever changing market dynamics and becoming more realistic in its approach. Some of the major players operating in the coding and marking systems industry are ATD Marking Systems, Danaher Corporation, Inkjet Inc, ID Technology, Hitachi Ltd, Diagraph Group, Matthews International Corporation, Dover Corporation, Overprint Packaging Ltd., and Domino Printing Sciences plc.

Global Coding and Marking Systems Market Coverage

Technology Insight and Forecast 2014-2024

Continuous inkjet
Thermal ink jet
Print & apply labelers
Thermal transfer overprinting
Laser coding and marking
Drop on demand
Valve jet & hot melt inkjet
End User Insight and Forecast 2014-2024

Food & beverage
Electrical & electronics
Automotive & aerospace
Chemical
Healthcare
Others
Geographical Segmentation

Coding and Marking Systems Market by Region

North America

S.
Canada
Europe

Germany
K.
France
Italy
Spain
Netherlands
Rest of Europe
Asia Pacific

Japan
China
India
Indonesia
Thailand
South Korea
Rest of Asia-Pacific
Latin America

Brazil
Mexico
Rest of Latin America
Middle East and Africa

South Africa
Saudi Arabia
Turkey
Rest of Middle East and Africa
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