Coding & Marking Equipment Market by Technology (CIJ Printing & Coding, DOD Printing, Laser Coding & Marking), Component (Consumables, Hardware, Software), Surface, Industry - Global Forecast 2024-2030

Coding & Marking Equipment Market by Technology (CIJ Printing & Coding, DOD Printing, Laser Coding & Marking), Component (Consumables, Hardware, Software), Surface, Industry - Global Forecast 2024-2030

The Coding & Marking Equipment Market size was estimated at USD 21.34 billion in 2023 and expected to reach USD 23.14 billion in 2024, at a CAGR 9.24% to reach USD 39.63 billion by 2030.

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.

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.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Coding & Marking Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Exponential growth in packaging sectors of food & beverage industry
    • Government laws and regulations associated with labeling of products
    • Significant importance of coding & marking to improve supply chain visibility
    • Market Restraints
      • High cost of installation and maintenance of coding & marking equipment
      • Market Opportunities
        • Technological advancements in coding & marking equipment
        • Innovation in the R&D of reliable ink formulations
        • Market Challenges
          • Customization and functional issues of coding & marking techniques
          • Market Segmentation Analysis
            • Technology: Expanding acceptance of laser coding & marking in industries requiring precise product labeling
            • Component: Rising innovations in the software component of coding and marking equipment
            • Surface: Growing usage of coding & marking equipment on plastic & cardboard surfaces
            • Industry: Significant role of coding & marking equipment in the pharmaceutical industry owing to track & trace of medical products
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Coding & Marking Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Coding & Marking Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Domino Printing Sciences New Vx-Series Printers Increase Efficiency in Flow Wrap Applications
              
              Domino Printing Sciences PLC unveiled the Vx-Series, an advanced thermal transfer overprinter (TTO) designed to enhance efficiency in flexible food packaging lines. Taking customer feedback into account, the Vx-Series offers reduced ribbon usage and minimized downtime, making it a reliable choice for businesses.
              
              Domino Printing Sciences Opens New Subsidiary in Indonesia
              
              Domino Printing Sciences PLC established a subsidiary, Domino Printing Indonesia, specifically focusing on delivering comprehensive coding solutions within the Indonesian market. This new venture aims to cater to businesses of all sizes and across various sectors, including pharmaceuticals, building & construction, and food & beverage.
              
              Domino Sets ut Digital Strategy With Cloud and QR Codes
              
              Domino Printing Sciences PLC is currently engaged in digital transformation initiatives, internally and externally. These efforts include the Oracle Cloud project and the implementation of QR codes. These solutions encompass data management and deployment through coding automation, machine monitoring via Domino Cloud, and code verification through its vision offering.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Coding & Marking Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            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.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Coding & Marking Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Technology
              • CIJ Printing & Coding
              • DOD Printing
              • Laser Coding & Marking
              • TIJ Printing
              • Component
                • Consumables
                  • Ink & Paints
                  • Solvent
                  • Thermal Tapes
                  • Hardware
                    • Continuous Inkjet Printer
                    • Laser Printer
                    • Piezo Inkjet Printer
                    • Thermal Inkjet Printer
                    • Software
                    • Surface
                      • Ceramic
                      • Glass
                      • Organic Surfaces
                      • Paper & Cardboard
                      • Plastic
                      • Rubber
                      • Steel
                      • Stone
                      • Textiles
                      • Wood
                      • Industry
                        • Automotive & Transportation
                        • Electrical & Electronics
                        • Food & Beverage
                        • Metal Processing
                        • Personal Care & Cosmetics
                        • Pharmaceuticals & Medical Devices
                        • Region
                          • Americas
                            • Argentina
                            • Brazil
                            • Canada
                            • Mexico
                            • United States
                              • California
                              • Florida
                              • Illinois
                              • New York
                              • Ohio
                              • Pennsylvania
                              • Texas
                              • Asia-Pacific
                                • Australia
                                • China
                                • India
                                • Indonesia
                                • Japan
                                • Malaysia
                                • Philippines
                                • Singapore
                                • South Korea
                                • Taiwan
                                • Thailand
                                • Vietnam
                                • Europe, Middle East & Africa
                                  • Denmark
                                  • Egypt
                                  • Finland
                                  • France
                                  • Germany
                                  • Israel
                                  • Italy
                                  • Netherlands
                                  • Nigeria
                                  • Norway
                                  • Poland
                                  • Qatar
                                  • Russia
                                  • Saudi Arabia
                                  • South Africa
                                  • Spain
                                  • Sweden
                                  • Switzerland
                                  • Turkey
                                  • United Arab Emirates
                                  • United Kingdom
                                  
                                  
                                  Please Note: PDF & Excel + Online Access - 1 Year