The process of marking and coding involves the printing of expiry and manufacturing dates and size of the packaged lot, among other information. The development of global marking and coding equipment market can be attributed to the growth of the packaging industry across the globe.

Sarasota, FL -- (SBWire) -- 10/30/2018 --Global Marking and Coding Equipment Market: Overview

Marking and coding equipment are used for printing product-specific details on products. These product details offer authentic information related to the product to manufacturers and end-users. The process of marking and coding involves the printing of expiry and manufacturing dates and size of the packaged lot, among other information. The development of global marking and coding equipment market can be attributed to the growth of the packaging industry across the globe.

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Global Marking and Coding Equipment Market: Growth Factors

The major growth driver in the global market for marking and coding equipment is the growing adoption of marking and coding equipment in various end-user industries, such as food and beverages, pharmaceutical, automotive, chemical and fertilizers, etc. Other factors fuelling the growth of the market for marking and coding equipment include advancements in the laser marking technology, growing use of marking and coding equipment in building and construction material industry worldwide. Since flexible packaging is customizable, reusable and offers better durability and improved compactness, it is increasingly used by the packaging industry. This is also contributing to the growth of global marking and coding equipment market.

Huge costs related to the purchase of marking and coding devices might hamper the expansion of global marking and coding equipment market.

Global Marking and Coding Equipment Market: Segmentation

The global marking and coding equipment market can be divided based on technology type, end-use, and application type. Based on technology type, the marking and coding equipment market can be classified into label print applicator, large character marking, laser coding system, thermal transfer overprint, thermal inkjet, and continuous inkjet, among others. On the basis of end-use, the marking and coding equipment market can be categorized into food and beverages, building materials, chemical and fertilizers, automotive, electricals and electronics, personal care, and pharmaceuticals, among other industries. Based on application type, the marking and coding equipment market can be fragmented into flexible packaging (pouches and sachets, bags, and shrink films/vacuum, among others) and rigid packaging (crates, trays and clamshells, metal parts, cans, bottles and jars, boxes, and pipes and tubes, among others).

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Global Marking and Coding Equipment Market: Regional Analysis

Based on regions, the global market for marking and coding equipment can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. In the Asia Pacific region, emerging economies, such as India and China, are projected to dominate the market for marking and coding equipment in the upcoming years. This is due to increased penetration of e-commerce and the rise in the disposable income of the population, which has contributed to the innovation and development of packaging solutions. The North American region is anticipated to hold a substantial share of the market for marking and coding equipment in the future. This is due to industry mandates and legislature requirements regarding product specifications and the growing adoption of flexible packaging by the packaging industry.

Global Marking and Coding Equipment Market: Competitive Players

The key market players of the global market for marking and coding equipment include Overprint Packaging Limited, Matthews International Corporation, Inkjet, ID Technology, Hitachi Limited, Dover Corporation, Domino Printing Sciences, Diagraph Group, Danaher Corporation, Videojet Technologies, Markem-Imaje Corporation, TYKMA Electrox, Open Date Systems, Squid Ink Manufacturing, Control Print, Linx Printing Technologies, Durable Technologies, and ATD Marking Systems, among several others.

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Global Marking and Coding Equipment Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa