Enjoy complimentary customisation on priority with our Enterprise License!
The coding and marking equipment market size is forecast to increase by USD 1.46 at a CAGR of 6.89% between 2024 and 2028. The growth rate of the market depends on several factors, including the rising necessity for product traceability, escalating demand for packaging, and the growing stringency of labeling regulations. Coding and marking equipment is widely used in industries such as food and beverage, pharmaceuticals, automotive, and electronics. This market has been experiencing significant growth due to the increasing demand for product traceability and anti-counterfeiting measures. These factors collectively drive the adoption of advanced coding and marking technologies, ensuring compliance with regulations, enhancing supply chain transparency, and protecting brand integrity across various sectors. Our report examines historical data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
To learn more about this report, Request Free Sample
The market plays a crucial role in ensuring food safety and combating counterfeit products, especially in industries like pharmaceuticals and medical equipment. Technologies such as Continuous Inkjet (CIJ) printers, Thermal Inkjet (TIJ) printers, and laser markers are used to mark flexible packs, labels, bottles, tubes, and cartons with precision. These devices operate by ejecting ink droplets onto surfaces, enabling clear and durable codes. The market is driven by the increasing demand for coding and marking solutions in online transactions and pharmaceutical packaging. Manufacturers are focusing on developing thermal transfer printers and laser marking technologies to meet the evolving needs of the industry, ensuring product traceability and authenticity. Our researchers studied the market research and growth data for years, with 2023 as the base year along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving growth in the market is the increasing need for product traceability. Packaging companies are integrating technologies such as barcodes, RFID, QR codes, and Data Matrix codes for tracking and tracing products. Product traceability is essential in supply chain and logistics operations, particularly in industries such as food and beverage, healthcare, retail, automotive, and aerospace.
For instance, Data Matrix codes enable manufacturing companies to automatically identify and track products, such as cars, trucks, and bikes, throughout their life cycle. These codes and marks play a crucial role in ensuring traceability and safety in various industries, including food and beverage, aerospace, healthcare, retail, and automotive. The growing necessity for product traceability is expected to significantly accelerate the demand for coding and marking equipment.
The equipment leasing business model is another key trend that will positively impact the market in the forecast period. High running costs often constrain organizations from investing in coding and marking equipment outright. To mitigate these costs, many organizations are opting to lease coding and marking equipment, which helps save on capital expenditures.
Furthermore, leasing simplifies the coding and marking process by reducing associated running costs, such as maintenance, servicing, and disposal. This model is becoming increasingly popular among SMEs, as it avoids the need for direct investments in equipment, preserves working capital, and frees up cash flow for other business activities. In response to the growing demand for equipment leasing, many vendors in the industry are offering leasing solutions. These factors are expected to further support market growth in the coming years.
The high operational cost will be a key challenge to the marking and coding equipment market during the forecast period. The total cost of ownership for such equipment is generally high, encompassing various capital expenses such as the initial investment, material handling costs, and installation costs.
Furthermore, Companies face significant upfront costs as well as ongoing running and operational costs when deploying coding and marking equipment in their manufacturing process lines. Since this equipment is integral to any process line, any downtime can lead to substantial production losses. Due to these high initial costs, adoption among SMEs is slow, as they often lack the financial resources to invest heavily in such equipment. Consequently, the high running costs associated with coding and marking equipment are expected to hinder market growth.
The market share growth of the CIJ printing and coding segment will be significant during the forecast period. CIJ printing and coding is a non-contact printing system that uses several CIJ inks to print on various types of packaging materials. Such printers offer high-quality prints owing to their high drop ejection frequency. There is a high demand for CIJ printing for coding and marking glass and plastic bottles, aluminum cans, cartons, and paperboard. Owing to its benefits and wide areas of application, many companies use CIJ printers in their manufacturing lines.
Customized Report as per your requirements!
The CIJ printing and coding segment was valued at USD 1.34 billion in 2018. The significant increase in the demand for CIJ printers, owing to their increase in use in the food and beverage industry and the cable manufacturing industry, will drive market growth through this segment in the coming years. CIJ printers are widely used for the coding and marking of metal cans in the food and beverage industry. Thus, the growth of the metal cans market in the food and beverage industry is expected to increase the demand for CIJ printers across the world.
For more insights on the market share of various regions Download Sample PDF now!
APAC is estimated to contribute 41% to the growth during the forecast year. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional market growth and trends influencing the market's trajectory throughout the forecast period.
APAC is expected to exhibit high growth, with China and India being the major growth countries for the market in the region. Both countries have a large number of manufacturing-focused companies. Many leading companies from the wire and cable, pharmaceuticals, food and beverages, electrical and electronics industries have opened their manufacturing facilities in these countries due to the availability of low-cost resources and the increasing local demand for consumable products. China has an established electrical and electronics manufacturing ecosystem, while India has a growing food and beverage-producing industry. Over the past five years, both countries have registered substantial growth in the electronics and processed food manufacturing sectors due to favorable government policies. The market in APAC is likely to witness significant growth due to the growth in the number of SMEs and the booming electronics sector in India and China.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Danaher Corp. - The company offers coding and marking equipment that is simple to use and designed for use in industrial manufacturing and packaging, printing expiry dates, and batch codes on production lines, under the brand name Linx 10.
We also have detailed analyses of the market’s competitive landscape and offer information on key companies, including:
ATD UK, BestCode, Brother Industries Ltd., Cyklop International, Danaher Corp., Diagraph, Dover Corp., Engage Technologies Corp., Hitachi Ltd., Illinois Tool Works Inc., Keyence Corp., Matthews International Corp., MULTIVAC Sepp Haggenmuller SE and Co. KG, Overprint Ltd., Paul Leibinger GmbH and Co. KG, Pro Mach Inc., REA Elektronik GmbH, RN Mark Inc., SATO Holdings Corp., and Control Print Ltd.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Coding Bootcamp Market Analysis North America,APAC,Europe,South America,Middle East and Africa - US,Canada,India,UK,Germany - Size and Forecast
Laser Marking Equipment Marke Analysis APAC,North America,Europe,Middle East and Africa,South America - US,China,Japan,Germany,UK - Size and Forecast
Barcode Scanner Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Canada, China, Japan, Germany - Size and Forecast
The market is pivotal in combating the proliferation of counterfeit automobile parts and ensuring brand protection across various industries. Technologies like the Continuous inkjet (CIJ) printer and Thermal inkjet (TIJ) printer are used for coding and serialization to enable traceability tags and tracking codes. In the pharmaceuticals and healthcare sector, these systems are crucial for labeling disinfectants, masks, and sanitizers, ensuring product authenticity. Aerospace and defense industries also benefit from these solutions for marking products and packaging types. RFID tagging and secondary packaging materials are integrated with coding and marking systems to enhance supply chain visibility. Companies like Domino Digital Printing Solutions and Linx laser coders offer high-resolution inkjet coding and labeling solutions for various applications, including on PET bottles, containers, and corrugated packaging.
The market is driven by the need for efficient and accurate coding and Product labelling, especially in industries such as food packaging and pharmaceutical production. Technologies like Continuous Inkjet (CIJ) printers and Thermal Printing are widely used for their versatility and precision in inkjet printers. These printers utilize continuous inkjet technology to create high-resolution codes, ensuring product traceability and authentication. Labeling systems equipped with GS1-128-compliant capabilities enable unique product identifiers and facilitate variable data printing for custom labeling needs. In the online retail supply chain, these systems play a crucial role in combating counterfeit pharmaceuticals by providing secure artwork management and supply chain tracking solutions.
Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.89% |
Market growth 2024-2028 |
USD 1.46 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.05 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 41% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ATD UK, BestCode, Brother Industries Ltd., Cyklop International, Danaher Corp., Diagraph, Dover Corp., Engage Technologies Corp., Hitachi Ltd., Illinois Tool Works Inc., Keyence Corp., Matthews International Corp., MULTIVAC Sepp Haggenmuller SE and Co. KG, Overprint Ltd., Paul Leibinger GmbH and Co. KG, Pro Mach Inc., REA Elektronik GmbH, RN Mark Inc., SATO Holdings Corp., and Control Print Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 North America Market Analysis and Forecast
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Country
8.3 North America Market Analysis and Forecast by Technology
8.4 North America Market Analysis and Forecast by Application
8.5 North America Market Analysis and Forecast by End-Use Industry
8.6. Market Attractiveness Analysis
9. South America Market Analysis and Forecast By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Country
9.3. South America Market Analysis and Forecast by Technology
9.4. South America Market Analysis and Forecast by Application
9.5. South America Market Analysis and Forecast by End-Use Industry
9.6. Market Attractiveness Analysis
10. Europe Market Analysis and Forecast by Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Country
10.3. Europe Market Analysis and Forecast by Technology
10.4. Europe Market Analysis and Forecast by Application
10.5. Europe Market Analysis and Forecast by End-Use Industry
10.6. Market Attractiveness Analysis
11. APAC Market Analysis and Forecast by Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast by Country
11.3. APAC Market Analysis and Forecast by Technology
11.4. APAC Market Analysis and Forecast by Application
11.5. APAC Market Analysis and Forecast by End-Use Industry
11.6. Market Attractiveness Analysis
12. MEA Market Analysis and Forecast by Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Country
12.3. MEA Market Analysis and Forecast by Technology
12.4. MEA Market Analysis and Forecast by Application
12.5. MEA Market Analysis and Forecast by End-Use Industry
12.6. Market Attractiveness Analysis
13 Customer Landscape
14 Geographic Landscape
15 Drivers, Challenges, and Trends
16 Vendor Landscape
17 Vendor Analysis
18 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.