Global coding and marking equipment industry expected to reach $19.2 billion by 2027
Dublin, May 06, 2022 (GLOBE NEWSWIRE) — The report “Global Coding and Marking Equipment Market by Product Type, by Vertical, by Regional Outlook, Industry Analysis Report and Forecast, 2021-2027” has been added to from ResearchAndMarkets.com offer.
The global coding and marking equipment market size is expected to reach USD 19.2 billion by 2027, growing the market at a CAGR of 4.9% during the forecast period.
The method of printing critical product and traceability information on packaging, labels and other produced materials is known as marking and coding. Barcodes, serialization codes, and expiration dates are all common examples. Product owners need to put marks and codes on their packaging, cartons and other materials for various reasons.
Automotive coding and marking equipment can play a vital role in preventing counterfeit automotive components by correctly coding parts. The Car Aftermarket Suppliers Association (AASA) estimates that counterfeit products cost the automotive industry some $12 billion a year.
To combat counterfeiting, car manufacturers often use invisible inks to print scannable anti-counterfeiting barcodes. Advances in the automotive industry’s anti-counterfeiting efforts are likely to drive demand for coding and labeling technologies.
Since consumer concerns about health and safety have increased, consumers are looking for products with regulatory certificates and traceability marks. Apart from this, the global food and beverage coding and marking equipment market has witnessed a succession of technical advancements that have increased efficiency and flexibility. To reduce waste and production costs, manufacturers produce printers that recycle unused ink. They are also working on technology that requires fewer spare parts to reduce downtime.
Cosmetics and personal care products are one of the fastest growing industries in the world. Manufacturers are looking for ways to distinguish their products through inventive packaging to increase brand image in this increasingly competitive industry. Coding and marking technology includes inkjet and laser coders that can code high-accuracy 2D DataMatrix and other barcodes at fast speeds on a variety of shapes and packaging materials.
COVID-19 Impact Analysis
COVID-19 was first recorded in Wuhan, China in 2019. It quickly became one of the most dangerous and deadly viruses of the century, causing a significant number of deaths worldwide. Additionally, the COVID-19 pandemic has also caused a major downfall for businesses around the world. Due to the government-imposed lockdown in all countries, businesses around the world have been torn down. Additionally, the spread of the COVID-19 pandemic has also wreaked havoc on the coding and marking equipment market.
The overall market for coding and marking equipment may have fallen in the aftermath of the pandemic, but the demand for coding and marking equipment from the pharmaceutical and healthcare industries increased in the first quarter of 2020 and the second quarter of 2020 , the historical industry players focusing on coding and marking appropriate medical equipment, such as medical face masks and personal protective equipment (PPE) kits.
Market Growth Factors:
Adoption of latest advanced technologies
The market is driven by the adoption of modern technologies such as automation and artificial intelligence in businesses. Serialization equipment connected to the manufacturing line can alert operators of any faults or when actions are needed at different points along the line. Data uploaded to a cloud-based system can be displayed on a remote device or on the main production floor monitor, helping operators determine when parameters are approaching bad condition, when consumables are low, or if a maintenance is required.
Expansion of the packaging and production sector
The rapid expansion of production and packaging sectors in various countries across the world is driving revenue growth in the global coding and marking equipment market. Due to the increasing use of creative packaging, especially adaptable packaging, the packaging business is growing. This is due to the evolution of local markets and the increase in the intermediate population.
Marketing Restriction Factor:
Disruption among the industries where the equipment is used
The COVID-19 pandemic has had a detrimental influence on the economies and businesses of many countries due to lockdowns, transportation limitations, and business closures. The food and beverage industry is one of the most disrupted industries in the world. the complete closure of restaurants and food outlets caused a major downturn in the industry. Separately, the closure of manufacturing units of fast food and junk food units has also disrupted the industry. For these reasons, the use of coding and marking equipment has been significantly reduced.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
184.108.40.206 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market constraints
Chapter 3. Competitive Analysis – Global
3.1 Cardinal matrix KBV
3.2 Recent Industry-Wide Strategic Developments
3.2.1 Acquisitions and mergers
3.2.2 Product launches and product extensions
3.2.3 Partnerships, collaborations and agreements
3.2.4 Geographic expansions
3.3 Main winning strategies
3.3.1 Key Primary Strategies: Percentage Breakdown (2017-2021)
3.3.2 Key Strategic Move: (Acquisitions & Mergers: 2018, Jul – 2020, Oct) Key Players
Chapter 4. Global Coding and Marking Equipment Market by Product Type
4.1 Global Continuous Ink Jet (CIJ) Printer Market by Region
4.2 Global Thermal Inkjet (TIJ) Printer Market by Region
4.3 Global Laser Printer Market by Region
4.4 Global Piezo Inkjet Printer Market by Region
4.5 Global Others Market by Region
Chapter 5. Global Coding and Marking Equipment Market by Vertical
5.1 Global Food and Beverage Market by Region
5.2 Global Pharmaceutical Market by Region
5.3 Global Construction Market by Region
5.4 Global Cosmetics Market by Region
5.5 Global Others Market by Region
Chapter 6. Global Coding and Marking Equipment Market by Region
Chapter 7. Business Profiles
7.1 Hitachi, Ltd.
7.1.1 Presentation of the company
7.1.2 Financial analysis
7.1.3 Sectoral and regional analysis
7.1.4 Research & Development expenses
7.1.5 Strategies and recent developments
220.127.116.11 Acquisition and merger:
7.2 Danaher Corporation
7.2.1 Presentation of the company
7.2.2 Financial analysis
7.2.3 Sectoral and regional analysis
7.2.4 Research and development costs
7.3 Matthews International Corporation
7.3.1 Presentation of the company
7.3.2 Financial analysis
7.3.3 Sectoral and regional analysis
7.3.4 Research & Development expenses
7.4 ProMach, Inc.
7.4.1 Company Overview
7.4.2 Strategies and recent developments
18.104.22.168 Acquisition and merger:
7.5 HSA ApS systems
7.5.1 Presentation of the company
7.5.2 Strategies and recent developments
22.214.171.124 Geographic extensions
7.6 Koenig & Bauer Coding GmbH (Koenig & Bauer AG)
7.6.1 Company Overview
7.6.2 Financial analysis
7.6.3 Sectoral and regional analysis
7.6.4 Research and development costs
7.6.5 Strategies and recent developments
126.96.36.199 Partnerships, collaborations and agreements
188.8.131.52 Product launches and product extensions
184.108.40.206 Acquisition and merger:
7.7 Leibinger Group
7.7.1 Company Overview
7.7.2 Strategies and recent developments
220.127.116.11 Partnerships, collaborations and agreements
7.8 Markem-Imaje (Dover Corporation)
7.8.1 Company Overview
7.8.2 Financial analysis
7.8.3 Sectoral and regional analysis
7.8.4 Research and development costs
7.8.5 Strategies and recent developments
18.104.22.168 Product launches and product extensions
22.214.171.124 Acquisition and merger:
7.9 Domino Printing Sciences PLC (Brother Industries)
7.9.1 Company Overview
7.9.2 Financial analysis
7.9.3 Segmental analysis
7.9.4 Strategies and recent developments
126.96.36.199 Partnerships, collaborations and agreements
188.8.131.52 Product launches and product extensions
184.108.40.206 Acquisition and merger:
7.10. REA Elektronik GmbH
7.10.1 Company Overview
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