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 landscape, organizations face significant challenges when it comes to investing in coding and marking equipment due to high operational costs. To mitigate this constraint, companies are increasingly turning to equipment leasing as an alternative financing solution. Leasing coding and marking equipment offers several advantages, including reduced capital expenditures, simplified coding and marking processes, and lower running costs such as maintenance, servicing, and disposal. Leasing companies provide comprehensive maintenance and servicing solutions, making it an attractive option for Small and Medium Enterprises (SMEs) that wish to preserve working capital and free up cash flow for other business activities. The leasing model offers flexible payment options, the ability to deploy printers based on business needs, line optimization, futureproof solutions, minimal downtime, and elimination of equipment depreciation.
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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, Industrial, Others) Product (CIJ printing and coding, Laser coding and marking, PALM, TTO, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Coding And Marking Equipment Market Research Report
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The Coding and Marking Equipment market encompasses solutions for various industries, including Flexible Packaging, Medical Equipment, Pharmaceuticals and Healthcare, Food and Beverage, and Electronics. Applications range from Food Safety and Counterfeit Prevention in Automobile Parts to Labeling on Bottles, Tubes, Cartons, and various Surfaces. Equipment includes Inkjet Printers (CIJ, TIJ), Laser Markers, and Thermal Transfer Printers, ensuring accuracy, traceability, and safety in Online Transactions for Food and Pharmaceutical industries.
The Coding and Marking Equipment market is a segment of the larger Industrial Machinery and Supplies and Components market, encompassing businesses that manufacture machinery and components used for coding, marking, and traceability solutions. Key industries served include Flexible Packaging, Medical Equipment, Food Safety, Counterfeit Automobile Parts, Food and Beverage, and Pharmaceutical sectors, focusing on brand protection and product authentication. Market expansion is driven by the increasing industrial output and capacity additions in Process and Discrete Industries, particularly in developing countries, where demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages continues to surge. Technavio projects the Industrial Machinery, Supplies and Components market growth, based on manufacturers' combined revenue, to remain robust due to this expanding industrial landscape.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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