The global marking and coding equipment market is anticipated to grow at a high CAGR of 5.5% throughout the period of forecast. In 2017, it is expected to reach a valuation of more than US$ 1 Bn and is estimated to touch a value around US$ 1770 Mn.
Albany, NY -- (SBWIRE) -- 01/10/2018 -- This research report offers a comprehensive analysis of the "Marking and Coding Equipment Market: Rigid Packaging Application Segment to Dominate the Global Market in Terms of Market Value During the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)" The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.
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Emphasis on clarity and print definition, multi-surface compatible marking and coding equipment and specialised marking and coding equipment for specific packaging surfaces trending the global marking and coding equipment market
The global retail market has witnessed significant growth in the last couple of decades. Emerging economies such as China and India are expected to boost the growth of the global marking & coding equipment market. Increase in penetration of online retail format and modern trade, combined with increase in disposable income are expected to be the key contributors to growth in innovation, in terms of the type of packaging solution used. As manufacturers of packaging solutions emphasize on packaging designs, manufacturers of marking & coding equipment are likely to focus on equipment which can be used on a variety of packaging solutions, such as vacuum skin packed food. The global retail sector is likely to enjoy a positive outlook, over the forecast period, with many regions registering substantial growth in shopping culture. Thus, the global marking & coding equipment market has ample opportunities to grow, in tandem with the growth in the retail sector.
According to Future Market Insights, the global marking and coding equipment market is expected to exhibit significant growth rate during the 2017-2027 assessment period. The market has seen a rising trend since past years and is likely to radiate an increase in its growth rate and valuation in the coming years. Based on the analysis in this research report, the global marking and coding equipment market is anticipated to grow at a high CAGR of 5.5% throughout the period of forecast. In 2017, it is expected to reach a valuation of more than US$ 1 Bn and is estimated to touch a value around US$ 1770 Mn.
Various benefits of flexible packaging pushing its adoption across the globe, thus favouring the marking and coding equipment market
Flexible packaging is reusable, customizable, higher compactness and increased durability are few of the benefits that have surged the use of flexible packaging in recent times. This in turn has increased usage of marking and coding equipment in flexible packaging thus making the flexible packaging segment in the application category to be the fastest growing. This segment is projected to reach a value CAGR of 5.8% throughout the period of forecast. However, this segment has a less market value and is estimated to reach about US$ 526 Mn by the end of the assessment period.
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Vacuum/Shrink films to contribute to the growth of the flexible packaging segment
Flexible packaging segment by application is further categorized into bags, pouches & sachets, vacuum/shrink films and others. Of these, vacuum/shrink films sub segment is expected to showcase high lucrativeness in the coming years. This segment is projected to grow at the fastest rate to register a robust CAGR of 6.6% during the period of forecast. This segment is also estimated to reach a high valuation more than US$ 250 Mn by the end of the period of assessment, thus leading the market during the said period. Pouches and sachets sub segment is anticipated to be the second largest in terms of value share contributing to the growth of the parent segment.
Flexible packaging application segment outlook across key regional markets
Flexible packaging application segment of North America marking and coding equipment market is expected to grow at a CAGR of 4% during the forecast period. Flexible packaging application segment of Asia Pacific excluding Japan (APEJ) marking and coding equipment market is poised to register a higher CAGR of 7.5% during the period of forecast and is the largest compared to other regions. Flexible packaging application segment of Western Europe marking and coding equipment market is estimated to reach a valuation of around US$ 105 Mn by the end of the assessment period.
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