Latest News- Coding And Marking Equipment Market: Food and beverage is expected to lead the End-user segment during 2025-2029

The Coding And Marking Equipment Market is being driven by Increasing need for product traceability

The Coding And Marking Equipment Market is expected to grow at a CAGR of 6.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1541.1 million. In the business environment, the significant running costs associated with coding and marking equipment pose a challenge for organizations contemplating an investment. To mitigate this issue, companies are increasingly opting for leasing options to reduce capital expenditures. Leasing not only simplifies the coding and marking process but also alleviates ongoing expenses, such as maintenance, servicing, and disposal. Leasing companies provide end-users with comprehensive maintenance and servicing solutions. The popularity of equipment leasing among Small and Medium Enterprises (SMEs) is on the rise due to its advantages, including flexible payment plans, the ability to scale usage according to business requirements, line optimization, future-proof solutions, minimal downtime, and the absence of equipment depreciation expenses. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Food and beverage
  • Healthcare/Pharmaceuticals
  • Industrial
  • Others
• Product
  • Continuous Inkjet (CIJ) printing and coding
  • Laser coding and marking
  • Thermal Inkjet (TIJ) Printing
  • Drop on Demand (DOD) Printing
  • Thermal Transfer Overprinting (TTO)
  • Others
• Technology
  • Inkjet Printing
  • Laser Printing
  • Thermal Transfer
• Application
  • Primary Packaging
  • Secondary Packaging
  • Tertiary Packaging
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing need for product traceability
• Increasing demand for packaging
• Increasing number of labelling regulations

However, the market also witnesses some limitations, which are as follows:

• High operational costs
• Increasing competition from unorganized market
• Dependence of coding and marking equipment on high demand from end users

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Market Scope in Coding And Marking Equipment Market Research Report

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Research Analysis Overview

The Coding and Marking Equipment Market encompasses solutions for label design, utilizing various materials and adhesives, as well as application techniques. It includes label validation, barcode symbologies, and RFID technology with middleware for data capture and synchronization. Real-time tracking, production line integration, and system integration are essential features, along with machine vision, image processing, and sensor technology. Data analysis software, reporting tools, and security features such as tamper-evident labels and counterfeit prevention are also integral. Traceability systems, supply chain visibility, product lifecycle management, and quality assurance promote process optimization, cost reduction, efficiency improvements, and sustainability initiatives. Regulatory compliance, operator safety, maintenance and repair, service contracts, and training programs are additional market aspects.

Market Research Overview

The Coding and Marking Equipment market encompasses the production of coding equipment, marking equipment, labeling systems, identification systems, data acquisition, and data management technologies. This sector falls under the broader umbrella of the Industrial Machinery and Supplies and Components Market, which includes manufacturers of machinery and components for industries such as presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, the Global Industrial Machinery and Supplies and Components Market size is determined by the combined revenue generated by these manufacturers. Factors driving growth in this market include the increasing industrial output in process and discrete industries due to the expanding economies of developing countries, leading to capacity expansions in sectors like energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/