Coding And Marking Solutions Market Size (2024 - 2029)

Coding And Marking Solutions Market Analysis

The Coding And Marking Solutions Market size is estimated at USD 6.02 billion in 2024, and is expected to reach USD 7.92 billion by 2029, growing at a CAGR of 5.64% during the forecast period (2024-2029).

• Coding and marking are critical components of the production and intralogistics processes for packaged consumer and industrial goods. Product-related information, such as the manufacturing date, batch number, and expiration date, is printed on the packaging using coding and marking techniques. The promising outlook for the retail sector and the demand in important end-use industries such as food and beverage, cosmetics, chemicals, pharmaceuticals, and construction and building materials influence the demand in the market.
• The growing use of coding and marking systems for printing batch numbers, government identification codes, and printing labels on primary and secondary packaging materials in industries such as automotive, healthcare, chemical, construction, semiconductor and electronics, and food and beverage presents significant growth opportunities.
• Coding and marking equipment are used in packaging various items such as capsules, powders, liquids, and ointments in bottles, tubes, cartons, and other packaging types in the healthcare and pharmaceutical industries. Due to stringent regulations and brand protection, the use of coding and marking equipment in the healthcare and pharmaceutical sectors is increasing, providing potential for market expansion.
• Continuous printing can be implemented on various substrates, including cardboard, flexible films, cans, glass, plastic, wood, metal, PET, and polypropylene (PP). The high velocity of the ink droplets, which allows for a substantial distance between the printhead and the substrate, and the high drop ejection frequency, which enables high-speed printing, are significant advantages of this technique. The market is driven by the deployment of continuous inkjet technology in industries, which offers high speed, versatility, and ease of use.
• The pricing of coding and marking devices is determined by technological integration, applications, size, and the type of consumables utilized. As a result, there is a substantial variation in the pricing of coding and marking machines. Therefore, the high price of coding and marking devices restricts their adoption by price-sensitive industrial users from emerging nations. As a result, high prices have been cited as a significant barrier to the market's growth.

Coding And Marking Solutions Industry Overview

Coding and marking are critical components of the production and intralogistics processes for packaged consumer and industrial goods. Product-related information, such as the manufacturing date, batch number, and expiration date, is printed on the packaging using coding and marking techniques. The study is structured to capture revenues accrued by companies through selling various coding and marking solutions, including equipment, fluids, ribbons, and spare parts sold by OEMs (excluding aftermarket vendors).

The coding and marking solutions market is segmented by solution (equipment, fluids, and ribbons), equipment (thermal inkjet printer, continuous inkjet printer, and laser printers), end-user industry (pharmaceutical, construction, food and beverage, and cosmetics), and geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.