Coding and Marking Equipment Market Size, Share and Trends Analysis Report by Product Type, End-Use Industry, Region and Segment Forecast, 2021

Coding and Marking Equipment Market Size, Share, and Trend Analysis Report by Product Type (Continuous Inkjet Printer, Thermal Inkjet Printer, Laser Printer), By Industry end-use, by region and segment forecast, 2021-2028

New York, Jan. 05, 2022 (GLOBE NEWSWIRE) — announces the release of the report “Coding And Marking Equipment Market Size, Share & Trends Analysis Report By Product Type, By End-use Industry, By Region And Segment Forecasts, 2021 – 2028” –

Coding and Marking Equipment Market Growth and Trends

The global coding and marking equipment market size is expected to reach USD 22.1 billion by 2028, registering a CAGR of 5.5% from 2021 to 2028. The growth of the market can be attributed to growing awareness of the consumer health. The increasing consumer preference for packaged and labeled food and beverages is particularly encouraging food and beverage manufacturers to deploy coding and marking equipment, thereby driving the growth of the market.

The adoption of multi-function inkjet printers for coding and marking purposes is expected to gain popularity over the forecast period. Multifunction inkjet printers are very versatile as they support various functions including scanning, copying, faxing and printing.

Additionally, the cost of multifunction inkjet printers also tends to be lower than that of conventional inkjet printers. Even though the operating cost of multifunction inkjet printers is generally high due to the power they consume and the maintenance they require; their features, such as USB, Bluetooth and Wi-Fi connectivity, and LCD touchscreen, make them very user-friendly.

Hence, small businesses and enterprises prefer multifunctional inkjet printers for coding and marking purposes.

However, the high capital investment required for the implementation of coding and marking equipment is expected to become a major market constraint during the forecast period. Small businesses and enterprises especially lack the financial resources and infrastructure to implement coding and marking equipment.

On the other hand, the return on investment (ROI) associated with coding and marking equipment is difficult to quantify, which also discourages large food producers from adopting them.

The outbreak of the COVID-19 pandemic has weighed heavily on the coding and marking equipment market. Lockdowns put in place in different parts of the world as a precautionary measure to control the spread of the virus have affected the supply of raw materials and the movement of products.

The temporary closure of factories in China has also affected the supply of inks used in coding and marking machines.

Highlights of the Coding and Marking Equipment Market Report
• Advances in software and technology to control mechanical systems and ink thickness and to prevent printhead tripping are expected to play a key role in the adoption of the latest coding and printing equipment. marking during the forecast period
• The continuous ink jet (CIJ) printer segment dominated the market in 2020 and is expected to continue to dominate the market during the forecast period. The ease of use, greater flexibility and high speed printing associated with continuous inkjet printers bodes well for the growth of the segment.
• The pharmaceutical segment is expected to grow at a CAGR of 6.2% during the forecast period. Coding and marking equipment can play a vital role in meeting the labeling and packaging needs of incumbents in the pharmaceutical industry
• Easy availability of raw materials, steady increase in food production and emphasis on high product quality is expected to propel the growth of the Asia-Pacific regional market
• Strict government regulations regarding proper labeling of finished products as part of the efforts against trademark piracy and counterfeiting are expected to play a decisive role in the growth of the Asia-Pacific regional market
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