BANGALORE, India, Feb. 16, 2023 /PRNewswire/ -- The Global Coding and Marking Equipment and Consumables Market is Segmented by Type (Equipment, Consumables), by Application (Food and Beverage, Pharmaceutical and Healthcare, Construction and Chemicals, Electronics): Opportunity Analysis and Industry Forecast, 2022-2028. It is published in Valuates Reports under the Manufacturing Category.
The global Coding and Marking Equipment and Consumables market was valued at USD 2215.3 million in 2021 and is anticipated to reach USD 2884.8 million by 2028, witnessing a CAGR of 4.5% during the forecast period 2022-2028. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Major Factors Driving the Growth of the Coding and Marking Equipment and Consumables Market
Large manufacturing companies have benefited from the coding and marking industry's assistance in identifying, tracking and tracing their products as well as in preventing product counterfeiting. the printing of critical product information, such as the batch number, maximum retail price, manufacturing location, manufacturing date, and QR codes. This factor is expected to drive the Coding and Marking Equipment and Consumables market.
Download Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-6H7291/Global_Coding_and_Marking_Equipment_and_Consumables_Market_Insights_and_Forecast_to_2028
TRENDS INFLUENCING THE GROWTH OF THE CODING MARKING AND EQUIPMENT CONSUMABLES MARKET:
Pharmaceutical industry leaders place a high priority on preventing counterfeiting and tampering by employing flexible packs, which are favorable factors for the Coding and Marking Equipment and Consumables market expansion. These packs include forming films, top webs, chevron pouches, header bags, and strip bags with specific codes and markings.
Coding and marking techniques are being used more frequently in food packaging to name the products. As the demand for food quality and safety has increased globally, food manufacturers are using high-resolution coding and marking to identify the relevant information on packaged food commodities. For makers of coding and marking systems, regulatory regulations for the food and beverage industry that address information display and labeling offer a great opportunity. The industry grows faster as a result of the adoption and knowledge of such high-quality codes and marks for printing information on food products swiftly and effectively. This factor is expected to fuel the growth of the Coding and Marking Equipment and Consumables market.
Product owners can track their items as they move through the supply chain by putting barcodes and serialization codes on every manufactured item as well as the boxes used to transport these goods. This makes it possible for everyone participating in the supply chain to identify specific batches, shipments, and packages, allowing them to learn the origin and destination of the products. This enables product owners to swiftly recall goods if necessary. This factor is expected to fuel the growth of the Coding and Marking Equipment and Consumables market.
Manufacturers of coding and marking systems now have stronger growth potential because of laser technology. Due to its rapid marking speed and accuracy, laser marking systems are often used to print codes on metal objects. Rising demand for laser coders is expected to boost the Coding marking and equipment consumables market throughout the anticipated time frame.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-6H7291/global-coding-and-marking-equipment-and-consumables
CODING MARKING AND EQUIPMENT CONSUMABLES MARKET SHARE:
Over the forecast period, the pharmaceutical segment is anticipated to grow at the greatest CAGR. Coding and identifying their goods and packaging methods are crucial for the industry's incumbents in the pharmaceutical and healthcare sectors. The product and packaging must be directly coded by the manufacturers, and the details of the code must be approved by the relevant regulatory organizations.
Over the course of the projected period, Asia Pacific is anticipated to become the region with the quickest rate of growth.
Download Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-6H7291/Global_Coding_and_Marking_Equipment_and_Consumables_Market_Insights_and_Forecast_to_2028
- Brother (Domino)
- Danaher (Videojet)
- Dover (Markem-Imaje)
- Han's Laser
- ITW (Diagraph)
- Trumpf
- Hitachi Industrial Equipment
- ID Technology LLC
- KGK
- Matthews Marking Systems
- KBA-Metronic
- Macsa
- Squid Ink
- SATO
- Paul Leibinger
- REA JET
- Control print
- Kinglee
- EC-JET
- Beijing Zhihengda
- SUNINE
Get Customized Report: https://reports.valuates.com/request/customisation/QYRE-Auto-6H7291/Global_Coding_and_Marking_Equipment_and_Consumables_Market_Insights_and_Forecast_to_2028
Buy Now for Single User + Covid-19 Impact :https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-6H7291&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS:
- The global Food and Beverage Coding and Marking Equipment market was valued at USD 1359 million in 2022 and is anticipated to reach USD 2012.5 million by 2029, witnessing a CAGR of 5.7% during the forecast period 2023-2029.
- The global Coding and Marking Systems and Solutions market was valued at USD 3754.4 million in 2022 and is anticipated to reach USD 5024.6 million by 2029, witnessing a CAGR of 4.2% during the forecast period 2023-2029.
- Due to the COVID-19 pandemic, the global Laser Coding and Marking Equipment market size is estimated to be worth USD 2479.2 million in 2022 and is forecast to a readjusted size of USD 4219.9 million by 2029 with a CAGR of 7.8% during the forecast period 2023-2029.
- Due to the COVID-19 pandemic, the global Coding and Marking Equipment market size is estimated to be worth USD 2382.1 million in 2022 and is forecast to a readjusted size of USD 3231.6 million by 2029 with a CAGR of 4.4% during the forecast period 2023-2029.
- Global Coding and Marking Printers Market Insights, Forecast to 2028
- Global Batch Coding and Marking Machines Market Insights, Forecast to 2028
- Global UV Laser Coding and Marking Equipment Market Research Report 2023
- Global CO2 Laser Coding and Marking Equipment Market Research Report 2023
- Global Fiber Laser Coding and Marking Equipment Market Research Report 2023
- The global Industrial Coding and Marking Systems market was valued at USD 3754.4 million in 2022 and is anticipated to reach USD 5037.7 million by 2029, witnessing a CAGR of 4.2% during the forecast period 2023-2029.
- Global Inkjet Coding and Marking Printers Market Research Report 2022
- Global Medical Coding and Marking Equipment Market Insights and Forecast to 2028
- Global Automotive Laser Coding and Marking Equipment Market Research Report 2023
- The global Smart Retail market size is projected to reach USD 785 Billion by 2027, from USD 142 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 28% from 2021 to 2027.
- The global Retail Analytics market size is projected to reach USD 4514.8 million by 2027, from USD 2471 million in 2020, at a Compound Annual Growth Rate (CAGR) of 9.0% during 2021-2027.
- The global consumer-electronics market size is USD 850 Billion in 2021 and is projected to have a CAGR of 5.1% in the following five years.
- The global Test and Measurement Equipment market was valued at USD 10810 Million in 2020 and it is expected to reach USD 16400 Million by the end of 2027, growing at a CAGR of 6.8% during 2021-2027.
- The intelligent virtual assistant market size was valued at USD 3,442 Billion in 2019, and is projected to reach USD 44,255 Billion by 2027, growing at a CAGR of 37.7% from 2020 to 2027.
- Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Digital Transformation market is projected to reach USD 966420 Million by 2028 from an estimated USD 464190 Million in 2022, at a CAGR of 13.0% during 2023 and 2028.
Click here to see related reports on Coding marking market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports/372
https://reports.valuates.com/sitemap/html/reports/373
https://reports.valuates.com/sitemap/html/reports/374
Logo - https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/coding-and-marking-equipment-and-consumables-market-to-grow-usd-2884-8-million-by-2028-at-a-cagr-of-4-5--valuates-reports-301748006.html
