P&S Market Research Identifies Top 5 Vendors In Global Coding

And Marking Market

The global Coding and Marking market is projected to reach

$5,310.5 million by 2023, growing at a CAGR of 9.4% during the

forecast period (2017 – 2023).

© P&S Market Research. All rights reserved 2

As per the research, the global coding and marking market is expected to grow from

$2,879.9 million in 2016 to $5,310.5 million by 2023. The rapidly growing food and

beverages and healthcare industry especially in emerging economies of India, China,

Brazil is generating significant demand for coding and marking. Different software and

coders are designed to create a different mark for every product, which makes them

easy to track during transportation. The technically-advanced products are likely to

attract manufacturing and packaging companies thus fuel growth in the market. Modern

inkjet and laser coders are designed to carry a large amount of information such as lot

number, date code and sequential coding based on a unique serial number, which is

recorded in a secure database. Wide range of styles and character sizes can be used and

changed easily during the coding and marking process.

Request For Sample Pages: https://www.psmarketresearch.com/market-

analysis/coding-and-marking-market/report-sample

As per the findings of research, the global coding and marking market has been

segmented into end-use, technology, and region. In 2016, coding market for food and

beverages accounted for the largest share in global coding and marking market. On the

other hand, continuous inkjet printer segment is expected to dominate the global

coding and marking market on the basis of technology. Additionally, the positive growth

in cosmetics, chemical and food and beverage industries is driving the packaging market

across the world, which is expected to support further growth in the coding and marking

market worldwide. Developing countries such as India, Brazil and China are contributing

largely towards the increase in demand for coding and marking machines worldwide

due to stringent government-regulations for packaging and rapid urbanization.

© P&S Market Research. All rights reserved 3

Asia-Pacific and Europe were the major regions in the global coding and marking market

in 2016. The regions are expected to dominate the global market during the forecast

period. China, India, Japan and South Korea are witnessing significant increase in the use

of liquid packaging in food and beverages industry, which is driving the growth of coding

and marking market. Additionally, the growth in the pharmaceutical market in Asia-

Pacific has spurred growth in the pharmaceutical packaging and coding and market.

Growth in the disposable incomes of people in European countries, rise in demand for

convenience food and increasing awareness of packaged food among consumers drive

the growth of the European fresh food packaging market, which is supporting positive

growth in the European coding and marking market.

Explore Full Report : https://www.psmarketresearch.com/market-analysis/coding-and-

marking-market

The coding and marking market is majorly dominated by tier 1 and tier 2 players having presence across the globe. Some of the major players involved include Danaher Corporation, ID Technology LLC, Inkjet, Inc., Hitachi Industrial Equipment Systems Co., Ltd., and Dover Corporation.

Partnership-collaboration and strategic new product launch have been the major recent developments in the global coding and marking market. For instance, Panasonic Electric Works U.K. agreed to jointly work with Overprint Packaging Ltd. for supplying and installing their range of Sunx Laser Marking Systems in April 2016. Further, in September 2016, ID Technology launched new ci5000 series range of CIJ printers. The model series includes the ci5200, ci5300, ci5500 and ci5650 models.

Contact:

Abhishek

Executive – Client Partner

347, 5th Ave. #1402

New York City, NY - 10016

© P&S Market Research. All rights reserved 4

Toll-free: +1-888-778-7886 (USA/Canada)

Email: enquiry@psmarketresearch.com

Web: https://www.psmarketresearch.com