CHICAGO, June 7, 2023 /PRNewswire/ -- According to Arizton's latest research report, the coding and marking market will grow at a CAGR of 8.74% during 2022-2028.
To Know More, Download the Free Sample Report:https://www.arizton.com/request-sample/3842
The coding and marking market is expected to witness intense competition with increasing manufacturers in the F&B industry and other end-user industries. However, the major challenge that the market faces is the rapid adoption of technological developments to meet end-user requirements. This is because the end-use industries have brought products to market and launched the product rapidly. Hence, coding and marking vendors are required to deliver technologies fast without impacting the quality of their long-term planning.
The advent of Industry 4.0 is expected to boost quality, efficiency, and productivity along the value chain. Data exchange and automation are the key trends in Industry 4.0, and the same applies to the coding and marking market. Coding and marking vendors have slowly experienced the need to integrate systems, machines, and processes during factory production stages. Moreover, end-use industries are expected to demand machines to prevent downtime, pinpoint issues, and avert problems. This might pose a huge challenge for smaller vendors and new entrants.
Increasing Demand for Coding and Marking Solutions Driven by Evolving Trends in the F&B Industry
The global F&B industry is witnessing a significant reliance on coding and marking solutions, leading to a surge in demand for appropriate technologies. This trend is fueled by new potential markets worldwide and the proliferation of stock-keeping units (SKUs) driven by consumer spending patterns.
One of the key factors contributing to the growing demand for coding and marking solutions is the rising popularity of organic and healthy food products, particularly among the Gen Z and millennial populations. The younger demographic's focus on healthy eating and fitness has prompted F&B companies to launch innovative ready-to-eat food options. More than 65% of consumers in the United States prioritize socially conscious and healthy food products. Additionally, there is increased scrutiny from government and regulatory bodies regarding product packaging, leading to stricter coding, marking, and labeling requirements.
Coding and marking solutions ensure product traceability and compliance with government mandates. Coding is essential across the entire F&B supply chain, from primary to secondary packaging. Companies operating in the F&B industry increasingly recognize the importance of accurate coding and marking for healthy food products to meet regulatory guidelines.
As a result of these evolving trends, the demand for coding and marking solutions is expected to witness substantial growth in the forecast period. F&B companies actively seek technologies that enable them to meet consumer demands for transparency, safety, and traceability in product packaging.
Hence, the F&B industry's focus on organic and healthy food products and increasing government regulations is driving the demand for coding and marking solutions. The ability to accurately code and mark products throughout the supply chain is becoming crucial for companies operating in this sector. As the industry continues to evolve, coding and marking technologies will play an integral role in meeting consumer expectations and regulatory requirements.
Coding And Marking Market Report Scope
Report Attributes | Details |
Market Size (2028) | USD 9.88 Billion |
Market Size (2022) | USD 5.98 Billion |
CAGR (2022-2028) | 8.74 % |
Historic Year | 2018-2021 |
Base Year | 2022 |
Forecast Year | 2023-2028 |
Market Segmentation | Technology, End-Users, Product Mix, and Geography |
Geographic Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
Market Dynamics |
|
Looking for More Information? Download the Free Sample Report: https://www.arizton.com/request-sample/3842
Key Highlights
- Almost 50% of the demand for coding and marking arises from the F&B industry. The various segments of the F&B industry are essential food items that generate demand in all seasons.
- International coding vendors must differentiate their products through additional services and support to sustain themselves in this competitive business environment.
- CIJ technology will continue to dominate the coding and marking market. However, TIJ, TTO, PALM, and laser technologies will witness above-average growth rates during the forecast period.
- Industry trade platforms, such as trade shows, events, webinars, conferences, and exhibitions, are key opportunities for vendors to showcase their offerings and interact with customers globally.
- Collaborating with end-user industries to deliver customized solutions is key to success for market vendors.
Trade Platforms Fuel Growth and Innovation in the Coding and Marking Market: Exhibitions and Expos Provide Opportunities for Vendors
In the fast-paced world of coding and marking solutions, vendors are constantly introducing new and improved products to meet market demands. However, despite their innovative offerings, these vendors often struggle to capture customer attention and generate demand. The global coding and marking market is turning towards trade platforms catering to this industry and its associated sectors to maximize their revenues.
Exhibitions, expos, and trade platforms have become vital for vendors in the coding and marking market to showcase their products and services to potential customers. These events provide an opportunity to connect with industry decision-makers, influencers, and end-users, creating valuable exposure and generating business leads. Moreover, participating in these platforms allows vendors to stay updated on the latest trends and innovations in the industry.
The significance of leveraging trade platforms in the coding and marking market stems from the need for networking and collaboration. By engaging with other players in the industry, vendors can explore partnerships, collaborations, and other business opportunities that drive growth and foster innovation. These interactions facilitate knowledge exchange and open doors to potential synergies and advancements in the field.
Hence, trade platforms, such as exhibitions and expos, are crucial in driving growth and innovation in the coding and marking market. Vendors recognize the importance of showcasing their offerings, networking with industry peers, and staying current with market trends. By actively participating in these events, vendors can maximize their potential for success in an increasingly competitive market landscape.
Packaging Industry Post Covid-19 Scenario
The post-pandemic packaging industry has witnessed a huge demand for packaging designs. Consumers shifted towards sustainability packaging with strong narratives. This is revamping the packaging sector. Earlier, people were price-conscious, but the focus shifted toward hygiene and safety. Government bodies may strengthen the requirements related to food packaging & processing to ensure safe food provides to consumers. Consumers are now willing to pay more for all-around packaging, which provides safety and hygiene.
Due to such factors post-Covid-19, consumers are increasingly interested in the information and data available on the products' packaging, quality, origin of the raw material, health claims, and about disposing of the packaging. A huge increase in demand for e-commerce creates vast opportunities for the packaging industry. Buying groceries online is also a trend that is significantly booming the packaging sector, and after some time, buying everything online will be a preferred mode for consumers. Hence, this will boost the demand for packaging, increase the development of anti-counterfeit solutions in packaging, and contribute to the coding and marking market growth.
Key Company Profiles
- Danaher
- Dover
- Brother Industries
- Hitachi Industrial Equipment & Solutions
- ITW Diagraph
- ANSER Coding
- ATD UK
- Beijing Hi-Pack Coding
- Control Print
- EBS Inkjet Systems
- Guangzhou EC-Pack Packaging Equipment
- Iconotech
- ID Technology
- InkJet
- KGK Jet
- KEYENCE
- Koenig & Bauer Coding
- Kortho Coding & Marking
- Laserax
- Leibinger Group
- Macsa ID
- Matthews International
- REA Elektronik
- SATO Holdings
- Squid Ink
- Weber Marking Systems
- Xaar
- Zanasi
Market Segmentation
Technology
- CIJ Technology
- Laser Technology
- Palm Technology
- TTO Technology
- PIJ Technology
- VIJ Technology
- TIJ Technology
End-Users
- F&B
- Healthcare
- Electrical & Electronics
- Chemicals & Construction
- Automotive & Aerospace
- Others
Product Mix
- Consumables
- Equipment
- Spare Parts & Aftermarket
Geography
- APAC
- China
- Japan
- India
- Australia
- Singapore
- North America
- The US
- Canada
- Western Europe
- Germany
- France
- The UK
- Italy
- Spain
- Benelux
- Scandinavia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Iran
- Nigeria
- Saudi Arabia
- The UAE
- Central & Eastern Europe
- Turkey
- Poland
Check Out Some of the Top-Selling Research Reports:
Europe Flexible Packaging Market - Industry Outlook & Forecast 2023-2028: The Europe flexible packaging market to reach USD 81.28 billion by 2028.
Flexible Packaging Market - Global Outlook & Forecast 2023-2028: The global flexible packaging market to reach USD 288.99 billion by 2028.
Egg Packaging Market - Global Outlook & Forecast 2023-2028: The global egg packaging market is expected to reach USD 4.74 billion by 2028.
Coding and Marking in Food & Beverages Market - Global Outlook and Forecast 2019-2024: The coding and marking in food & beverages market size will reach USD 3.8 billion by 2024.
Table of Content
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY TECHNOLOGY
4.3.2 MARKET SEGMENTATION BY END USER
4.3.3 MARKET SEGMENTATION BY PRODUCT MIX
4.3.4 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 PREMIUM INSIGHTS
7.1 MARKET DEFINITION
7.2 REPORT OVERVIEW
7.3 PACKAGING INDUSTRY POST COVID-19 SCENARIO
7.4 OPPORTUNITIES & CHALLENGE ANALYSIS
7.5 SEGMENT ANALYSIS
7.6 GEOGRAPHICAL ANALYSIS
7.7 COMPETITIVE LANDSCAPE
7.8 FREQUENTLY ASKED QUESTIONS
8 INTRODUCTION
8.1 OVERVIEW
8.1.1 F&B INDUSTRY DRIVING MARKET GROWTH
8.1.2 ADVENT OF POUCHES
8.1.3 RISK FACTORS
8.2 PACKAGING INDUSTRY HIGHLIGHTS
8.2.1 PACKAGING SECTOR 2020
8.2.2 PACKAGING SECTOR POST COVID-19 SCENARIO
8.2.3 MEGA TRENDS
8.3 INDUSTRY Q&A
8.3.1 WHAT ARE THE MAJOR TRENDS IN THE CODING AND MARKING MARKET FROM THE END-USERS' POINT OF VIEW?
8.3.2 WHAT ARE THE RECENT TRENDS IN THE PACKAGING INDUSTRY?
8.3.3 WHAT ARE THE BIGGEST POTENTIAL OR CHALLENGES REGARDING THE INTRODUCTION OF INDUSTRY 4.0?
8.3.4 WHICH END-USER INDUSTRY OR REGION HAS THE HIGHEST GROWTH POTENTIAL?
8.3.5 WHAT WERE THE KEY MARKETS SHOWING GROWTH IN 2022?
8.3.6 WHAT WILL BE THE ROLE OF FOOD PACKAGING TECHNOLOGY?
8.4 PEST ANALYSIS
8.4.1 POLITICAL FACTORS
8.4.2 ECONOMIC FACTORS
8.4.3 SOCIAL FACTORS
8.4.4 TECHNOLOGICAL FACTORS
8.5 VALUE CHAIN ANALYSIS
8.5.1 RAW MATERIALS
8.5.2 MANUFACTURERS
8.5.3 DISTRIBUTORS/DEALERS
8.5.4 RETAILERS
8.5.5 END-USERS
9 MARKET OPPORTUNITIES & TRENDS
9.1 LEVERAGING EXHIBITIONS, EXPOS & TRADE PLATFORMS
9.2 GROWING DEMAND FOR LASER CODING
9.3 ADVENT OF INDUSTRY 4.O
9.4 EVOLVING SECONDARY PACKAGING MARKET
9.5 INNOVATIVE CONSUMABLE OFFERINGS
9.6 GROWING ADOPTION OF AUTOMATION & ROBOTICS
10 MARKET GROWTH ENABLERS
10.1 RISING DEMAND FOR TRACEABILITY BY END USERS
10.2 SIGNIFICANT RISE IN FLEXIBLE PACKAGING
10.3 INCREASING DEMAND FOR PROCESSED & PACKAGED FOOD
10.4 RISING APPLICATIONS ACROSS END-USER INDUSTRIES
10.5 INCREASING REGULATORY COMPLIANCE
10.6 RISING DEMAND FROM HEALTHCARE INDUSTRY
11 MARKET RESTRAINTS
11.1 INCREASING COUNTERFEITING OF PRODUCTS
11.2 OPERATIONAL ERRORS & HIGH COST
11.3 LIMITED AVAILABILITY OF SKILLED LABOR & HIGH LABOR COST
11.4 TRADE CONFLICTS BETWEEN US & CHINA
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 TYPES OF PACKAGING
12.2.1 PRIMARY PACKAGING
12.2.2 SECONDARY PACKAGING
12.2.3 TERTIARY PACKAGING
12.3 KEY INSIGHTS
12.4 GEOGRAPHIC INSIGHTS
12.5 MATERIAL INSIGHTS
12.5.1 PLASTIC
12.5.2 PAPER & CARDBOARD
12.5.3 PAPER & CARDBOARD INDUSTRY INSIGHTS
12.5.4 METALS
12.5.5 OTHER APPLICATIONS
12.6 SWOT ANALYSIS
12.7 HISTORICAL DATA
12.8 MARKET SIZE & FORECAST (2022-2028)
12.9 MARKET SIZE & FORECAST (2018-2028)
12.10 MARKET BY GEOGRAPHY
12.10.1 MARKET SIZE & FORECAST
12.11 MARKET BY TECHNOLOGY
12.11.1 MARKET SIZE & FORECAST
12.12 MARKET BY END-USER
12.12.1 MARKET SIZE & FORECAST
12.13 MARKET BY PRODUCT MIX
12.13.1 MARKET SIZE & FORECAST
12.14 FIVE FORCES ANALYSIS
12.14.1 THREAT OF NEW ENTRANTS
12.14.2 BARGAINING POWER OF SUPPLIERS
12.14.3 BARGAINING POWER OF BUYERS
12.14.4 THREAT OF SUBSTITUTES
12.14.5 COMPETITIVE RIVALRY
Check the Detailed Table of Contents of the Report @ https://www.arizton.com/market-reports/coding-and-marking-market-2024?details=tableOfContents
About?Us:???? ????????????
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.??????????????????
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.??????????????????
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.??????????????????
Contact Us:?????? ????????????
Call: +1-312-235-2040????????????????????????
????????? +1 302 469 0707???????????????????????
Mail:?enquiry@arizton.com?????????????????????????
Contact Us:?https://www.arizton.com/contact-us?????????????????????????
Blog:?https://www.arizton.com/blog?????????????????????????
Website:?https://www.arizton.com/????
Photo: https://mma.prnewswire.com/media/2095379/Coding_and_Marking_Market_Report.jpg
Logo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/coding-and-marking-market-set-to-soar-over-4-billion-opportunities-with-fb-industry-driving-over-50-of-the-demand--arizton-301844848.html
