The market for coding and marking systems and solutions is a rapidly expanding industry that plays an important role in a variety of industries such as food and beverages, pharmaceuticals, automotive, and electronics. These systems print information such as expiration dates, batch numbers, barcodes, and product details on various surfaces such as packaging materials, labels, and the products themselves. Consumer demand for product traceability is driving the market, as are stringent government regulations governing product labelling and identification, as well as the need for efficient inventory management and supply chain operations.
Technological advancements and innovations aimed at improving printing speed, accuracy, and quality characterise the market for coding and marking systems and solutions. To meet the changing demands of various industries, manufacturers are investing in advanced technologies such as thermal inkjet, laser coding, and continuous inkjet. Furthermore, the growing emphasis on sustainability and eco-friendly solutions is driving the adoption of eco-friendly inks and printing methods. The market is fiercely competitive, with key players constantly launching new products and expanding their global footprint through partnerships and acquisitions. As industries continue to prioritise product identification and traceability, the market for coding and marking systems and solutions is expected to expand significantly in the coming years.
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Key Takeaways from Market Study
- The coding and marking systems and solutions market is experiencing rapid growth across various industries such as food and beverages, pharmaceuticals, automotive, and electronics.
- The market is driven by factors such as increasing consumer demand for product traceability, stringent government regulations, and the need for efficient inventory management and supply chain operations.
- Technological advancements and innovations, including thermal inkjet, laser coding, and continuous inkjet, are driving the market by improving printing speed, accuracy, and quality.
- Sustainability and eco-friendly solutions are gaining importance, leading to the adoption of environmentally friendly inks and printing methods.
- The market is highly competitive, with key players investing in new products and expanding their global presence through partnerships and acquisitions.
- The emphasis on product identification and traceability is expected to drive significant growth in the coding and marking systems and solutions market in the future.
Regional Analysis
- North America: North America holds a significant share in the coding and marking systems and solutions market. The region is driven by the presence of a robust manufacturing sector, strict regulatory requirements, and the adoption of advanced technologies. Key players in the market are investing in research and development activities to introduce innovative solutions. Additionally, the emphasis on product safety, traceability, and efficient supply chain management further fuels the market growth in this region.
- Europe: Europe is another prominent market for coding and marking systems and solutions. The region is characterized by a well-established manufacturing sector, especially in industries such as automotive, pharmaceuticals, and food and beverages. Stringent regulations related to product labeling and identification drive the adoption of coding and marking systems. The market is witnessing the adoption of advanced technologies, including laser coding and continuous inkjet, to meet the industry requirements. Europe’s focus on sustainability and environmental regulations also leads to the adoption of eco-friendly inks and printing methods.
- Asia Pacific: The Asia Pacific region is experiencing significant growth in the coding and marking systems and solutions market. The region is witnessing rapid industrialization and urbanization, leading to increased manufacturing activities. Rising consumer demand, changing lifestyles, and expanding retail sectors are driving the need for effective product identification and traceability. Governments in countries like China and India are implementing regulations to ensure product safety and authenticity, further propelling the market growth. Key players are focusing on expanding their presence in emerging economies and investing in product development to cater to the growing market demand.
Competitive Landscape
- Markem-Imaje, a division of Dover, announced the debut of the innovative 5940 G Touch DryTM high-resolution inkjet coder in January 2022. The GS1-128-compliant system meets the growing demands of the industry.
- In September 2021, domino announced R-Series, which includes marking and coding equipment and code inspection systems.
- Danaher Corporation announced in June 2021 that they had reached a binding agreement to acquire privately-held Aldevron. This transaction was completed for a cash purchase price of almost $9.6 billion.
- Domino Printing Sciences plc launched the X630i, its first digital inkjet solution offering for corrugated materials, in June 2021. In addition to this automated inkjet printing solution, the company will release a new ink set based on unique water-based ink technology.
- Videojet Technologies introduced the Videojet 1880 CIJ printer in February 2021. The printer makes use of advanced digital technology to assist users in avoiding manufacturing downtime while providing exceptional performance.
Key Companies Profiled
- ATD Ltd
- Diagraph Corporation
- Linx Printing Technologies Ltd
- InkJet, Inc
- Domino Printing Sciences plc
- Paul Leibinger GmbH & Co. KG
- Hitachi Industrial Equipment Systems Co, Ltd
- Matthews Marking Systems
- Iconotech
- Markem-Imaje SAS
Key Segments of Coding and Marking Systems and Solutions Industry Research
- By Technology :
- Continuous Inkjet
- Laser
- Thermal Inkjet
- Thermal Transfer Overprinting
- Other Technologies
- By End Use :
- Food & Beverages
- Electrical & Electronics
- Automotive & Aerospace
- Healthcare
- Other End Uses
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