Coding & Marking Equipment Market worth $39.63 billion by 2030 - Exclusive Report by 360iResearch

The Global Coding & Marking Equipment Market to grow from USD 19.74 billion in 2022 to USD 39.63 billion by 2030, at a CAGR of 9.10%.

PUNE, MAHARASHTRA, INDIA, November 7, 2023 /EINPresswire.com/ -- The "Coding & Marking Equipment Market by Technology (CIJ Printing & Coding, DOD Printing, Laser Coding & Marking), Component (Consumables, Hardware, Software), Surface, Industry - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Coding & Marking Equipment Market to grow from USD 19.74 billion in 2022 to USD 39.63 billion by 2030, at a CAGR of 9.10%.

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Coding & marking equipment imprint key information on packaging or individual products. This information includes unique identification data, manufacturing dates, batch numbers, expiration dates, and barcodes. The automatic nature of this process aids in reducing human errors, saving time and cost, and increasing overall operational efficiency. The crucial growth driver is the increasing government laws and regulations mandating unique identification for the accountability and safety of products across industries. Furthermore, the packaging sectors of the food & beverage industry use coding & marking equipment to print nutrition facts, ingredients, production and expiration dates, and barcodes on the packaging of the food & beverage products. The utilization of coding & marking in the food & beverage sectors is driving the market growth. In contrast, the installation and maintenance of equipment are relatively higher costs, and customization and functional issues associated with coding & marking techniques impede the trajectory of the market growth. However, vendors are focusing and investing in R&D to overcome these issues. Technological advancements in coding & marking equipment are creating higher efficiency, accuracy, and versatility, and innovation in the R&D of reliable ink formulations and encouraging further market growth.

Industry: Significant role of coding & marking equipment in the pharmaceutical industry owing to track & trace of medical products
The automotive & transportation industry utilizes coding & marking equipment to ensure crucial traceability data on parts and products. The electrical & electronics industry leans more toward coding & marking technology due to the sector's sensitive components that demand precision and the need to imprint small yet legible codes. The food & beverage industry requires coding & marking equipment for essential traceability and tighter quality control. Metal processing heavily leans on laser and dot peen marking technologies. Coding & marking equipment in this vertical is chiefly used for traceability and brand visibility. In the personal care & cosmetics industry, these devices play a significant role in counterfeit prevention, brand protection, and regulatory compliance. The pharmaceuticals & medical devices industry underscores the need for precise, permanent, high-quality codes for traceability, counterfeit prevention, and regulatory compliance. In comparison, the automotive & transportation industry stands out for its high demand for durable and robust coding & marking equipment. Furthermore, the pharmaceuticals & medical devices industry needs accurate, traceable marking in line with regulations.

Technology: Expanding acceptance of laser coding & marking in industries requiring precise product labeling
Continuous inkjet (CIJ) printing technology expels ink from the print nozzles in a continuous, steady pattern. CIJ technology has widespread acceptance within manufacturing sectors such as food & beverage, pharmaceutical, and cosmetic industries. It offers high-speed, non-contact printing, capable of producing high-quality prints on various materials. Drop-on-demand (DOD) printing technology works by extruding small ink droplets, one drop at a time, and each drop is accurately placed onto the substrate. DOD printing technology has gained momentum due to its high resolution and ability to mark large print areas. Laser coding involves the use of laser coding & marking methods such as ablation, engraving, and etching to inscribe codes on an object. Laser coding & marking are highly sought-after in industries seeking precision, high durability, and permanence. It eliminates the need for consumables, thus making it more cost-effective. Thermal inkjet (TIJ) printing technology utilizes ink cartridge-based systems to apply traceability information onto packaging and products such as text, logos, 2D codes, and barcodes. TIJ printing technology can help reduce production and operational costs by printing directly onto packaging and cases, thereby removing the need for labels. Additionally, some thermal inkjet printing technology can be equipped with dual firing chambers, further reducing errors, maximizing equipment uptime, and reducing wastage.

Surface: Growing usage of coding & marking equipment on plastic & cardboard surfaces
Coding & marking equipment is used to print on ceramic surfaces during the production of artisanal products and industrial components. The high durability of ceramics necessitates using robust coding & marking equipment specially designed to withstand high temperatures and friction. The glass surfaces, found commonly in the beverage and pharmaceutical industry, employ laser and inkjet coding & marking systems. Organic surfaces cover various items, including fruits, vegetables, and eggs, and the coding & marking system adheres to strict regulations for food safety and sustainability. Paper & cardboard constitute ubiquitous surfaces in the packaging, respectively. Efficient, high-capacity, and economical coding & marking systems are widespread owing to the diverse variety and the high volume of these products. The use of plastic requires coding & marking systems to handle the unique challenges of varied plastic surfaces. The effectiveness depends on the type of plastic, its color, and temperature resistance, among other factors. Rubber surfaces, utilized in industries such as automotive and aerospace, have specific coding requirements based on their elasticity. Durable, resilient marking systems are often deployed to ensure long-lasting, high-quality coding. The coding & marking systems offer precise marking under all conditions on steel surfaces, as steel surfaces are robust and have high endurance. Stone surfaces usually require marking for identification and aesthetic purposes. The hardness of the stone indicates that coding & marking systems need to be powerful yet precise, preventing any damage to the surface structure. The textile industry utilizes heat-transfer markers due to their reliability and print quality. Wood requires similar considerations, with an additional need for environmental friendliness given the nature of the material. Coding & marking on paper & cardboard surfaces are usually easy to print and less costly, driving their use in sectors demanding high output rates.

Component: Rising innovations in the software component of coding and marking equipment
Consumables are comprised of inks, additives, cleaners, and ribbons used in coding & marking equipment. Inks and paint consumables can include solvent-based, water-based, UV-curable, and pigmented inks. Other consumables for coding & marking equipment include solvents and thermal tapes. The need-based preference for consumables leans toward high-quality products that can withstand various operation conditions while delivering optimal performance. Hardware comprises physical components of coding & marking equipment such as print engine and controller. The primary hardware components of a continuous inkjet printer (CIJ) include a high-pressure pump. Thermal inkjet printer (TIJ) uses heat to generate ink droplets, and the main hardware includes a printhead, ink reservoir, and nozzle. Major hardware components for laser printers include a laser beam, whereas piezo inkjet printer utilizes piezoelectric crystal and a nozzle. Software in coding & marking equipment includes crucial components responsible for managing and controlling the operational aspects of coding and marking equipment. Business needs for software of coding & marking equipment center on flexibility, scalability, and ease of integration with existing systems.

Regional Insights:
The demand for coding & marking equipment in the Americas region is particularly driven by the United States and Canada, which are characterized by the presence of a substantial number of major players in this sector. Furthermore, the region has observed increased utilization of coding & marking equipment in the food & beverage industry for accurate product labeling. The adoption of technologically advanced equipment and solutions, such as laser-based marking systems and inkjet printers, has marked significant growth in the region. In the European Union, diverse sectors such as food & beverages, cosmetics, pharmaceuticals, and automotive industries drive the demand for coding & marking equipment. European consumers place a high emphasis on product traceability and stringent safety regulations, fostering investment in advanced coding technologies. Rapid industrialization, particularly in APAC countries such as China and India, has instigated the need for coding & marking equipment. The increasing consumer awareness regarding product authenticity and the growing eCommerce sector are the major factors driving demand in this region. The position of APAC as a manufacturing hub presents significant opportunities for the adoption of coding & marking systems, which has led to multiple partnerships and collaborations among key players.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Coding & Marking Equipment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Coding & Marking Equipment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Coding & Marking Equipment Market, highlighting leading vendors and their innovative profiles. These include Applied Technology Developments Ltd., Beijing Hi-Pack Coding Ltd., Control Print Limited, Danaher Corporation, Domino Printing Sciences PLC, Dover Corporation, Durable Technologies, Engage Technologies Corporation, Geo. T. Schmidt, Inc., Guangzhou EC-PACK Packaging Equipment Co.,Ltd., Guangzhou Sunine Intelligent Technology Co., Ltd., Han’s Laser Technology Industry Group Co., Ltd, Hitachi, Ltd., HSA Systems A/S, Illinois Tool Works Inc., InkJet, Inc., Keyence Corporation, Kishu Giken Kogyo Co., Ltd., Koenig & Bauer AG, Loftware, Inc., Macsa ID, S.A., Matthews Marking Systems, MECCO, Numeric Inkjet Technologies Pvt. Ltd., Open Date Equipment Ltd., Paul Leibinger GmbH & Co. KG, ProMach Inc., REA Elektronik GmbH, Rotech Machines Limited, RYNAN Technologies, TRUMPF SE + Co. KG, and TYKMA Electrox, Inc. by 600 Group PLC.

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Market Segmentation & Coverage:

This research report categorizes the Coding & Marking Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Technology, market is studied across CIJ Printing & Coding, DOD Printing, Laser Coding & Marking, and TIJ Printing. The Laser Coding & Marking commanded largest market share of 23.23% in 2022, followed by CIJ Printing & Coding.

Based on Component, market is studied across Consumables, Hardware, and Software. The Consumables is further studied across Ink & Paints, Solvent, and Thermal Tapes. The Hardware is further studied across Continuous Inkjet Printer, Laser Printer, Piezo Inkjet Printer, and Thermal Inkjet Printer. The Consumables commanded largest market share of 44.65% in 2022, followed by Hardware.

Based on Surface, market is studied across Ceramic, Glass, Organic Surfaces, Paper & Cardboard, Plastic, Rubber, Steel, Stone, Textiles, and Wood. The Paper & Cardboard commanded largest market share of 18.34% in 2022, followed by Plastic.

Based on Industry, market is studied across Automotive & Transportation, Electrical & Electronics, Food & Beverage, Metal Processing, Personal Care & Cosmetics, and Pharmaceuticals & Medical Devices. The Food & Beverage commanded largest market share of 20.34% in 2022, followed by Personal Care & Cosmetics.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.23% in 2022, followed by Asia-Pacific.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Coding & Marking Equipment Market, by Technology
7. Coding & Marking Equipment Market, by Component
8. Coding & Marking Equipment Market, by Surface
9. Coding & Marking Equipment Market, by Industry
10. Americas Coding & Marking Equipment Market
11. Asia-Pacific Coding & Marking Equipment Market
12. Europe, Middle East & Africa Coding & Marking Equipment Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Coding & Marking Equipment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Coding & Marking Equipment Market?
3. What is the competitive strategic window for opportunities in the Coding & Marking Equipment Market?
4. What are the technology trends and regulatory frameworks in the Coding & Marking Equipment Market?
5. What is the market share of the leading vendors in the Coding & Marking Equipment Market?
6. What modes and strategic moves are considered suitable for entering the Coding & Marking Equipment Market?

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Mr. Ketan Rohom
360iResearch
+1 530-264-8485
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