The global Coding and Marking Equipment Market Size is estimated to be US$ 7391.7 Million in 2023 and is poised to register 5.81% growth over the forecast period from 2023 to 2030.
Key market driving forces include- Robust demand growth from food and beverage companies, Product identification throughout a lifetime, Stringent government regulations, Efficient Coding and Marking Technologies, and Equipment leasing business models are identified as main market dynamics
Coding and Marking Equipment Market Analysis
Coding and marking equipment is one of the rapidly growing industries, driven by robust adoption across end-user industry verticals. End-user companies often prefer coding and marking equipment service providers with reliable services, and those using advanced technologies. Further, speed, accuracy and the ability to perform in varying environments, and ease of integration with other services are widely preferred.
Flexible and high-quality product printing systems for a diverse range of applications are widely marketed by printing companies. Coding solutions for the specific project of the client are also widely marketed across applications.
With robust demand growth for flexible packaging, coding and marking solutions for these flexible packages across applications stands as one of the key growth segments. Equipment suppliers such as InkJet Inc are increasingly collaborating with end users to offer customized solutions that save time and money. Similarly, MARKEM-IMAJE is focusing on real-time code verification and the launch of high-speed, high-resin coding on a wide range of surfaces. Matthews Marking and others promote cost savings and improved operational efficiency benefits to their customers.
Market Dynamics
Market Trend- Robust demand growth from food and beverage companies
The global $6.5 trillion food and beverage industry continues to grow rapidly at a Compounded Annual Growth Rate (CAGR) of 6.4% between 2023 and 2030. A wide range of product launches is observed across both food and drink segments. In particular, packaged food comprising Dairy Products, Confectionery, Packaged Produce, Bakery & Snacks, Meat, Poultry & Seafood, Ready Meals, and Others is set to grow rapidly over the forecast period. The demand from emerging countries including China, India, Brazil, South Africa, Turkey, Indonesia, South East Asia, Russia, and other countries is set to grow at a robust pace for packaged food and beverages.
The large market size coupled with the rapid growth of the food and beverages industry supports the demand for coding and marking equipment companies. The role of coding and marking in establishing the safety profile of packaged foods is increasing rapidly. From basic printing to high-quality and long-lasting printers continue to gain market growth. Further, different ink types such as solvent-based, water-based, UV-visible, non-visible, and others are witnessing revenue growth.
Market Driver- Product identification throughout the lifetime
Reliable and efficient coding enables manufacturers and regulators to verify the authenticity of products. Codes must remain readable throughout the life of the product as they enable the identification of defective or contaminated products, trace products that have been diverted from their intended receivers, detect counterfeit products, track products being transported throughout their delivery path, and other advantages. On the end-user front also, coding equips users to obtain detailed information on the product, differentiating counterfeit products from originals, identifying outdated products, and other advantages, thereby encouraging product manufacturers to opt for coding and marking solutions to print product details on packaged goods. The use of solutions including inkjet coding, labeling, thermal transfer printing and laser coding to present detailed product identification is gaining wide popularity worldwide.
Market Segmentation
The global Coding and Marking Equipment Market is segmented into Types, Applications, and Countries.
Continuous Inkjet (CIJ) type printers are the largest technology types of Coding and Marking Equipment with a 35.3% market share in 2022
Continuous Inkjet (CIJ) printers are used for coding and marking information on individual products – such as dates, times, specific text, batch codes, product names, and logos during the production and packaging processes. They expel ink from the print nozzles in a continuous, steady flow in a wide range of end-user industries.
In addition to their quick dry nature, machines print high-speed, reliable information for product identification and traceability, encouraging their adoption across applications. Ease of installation is also a key advantage for CIJ printers. The technology can print on versatile surfaces and is a standard solution across applications such as food, beverage, chemical, pharmaceutical, cosmetics, and other industries.
Healthcare is the fastest-growing industry in Coding and Marking Equipment market during the forecast period
The healthcare application segment is anticipated to expand at the fastest pace among all end-user industries worldwide. Stringent government regulations related to pharmaceuticals and medical devices support the use of highly efficient coding and marking equipment. Healthcare drug and device manufacturers must directly code the product and packaging to the norms of concerned regulatory authorities.
To avoid product recalls, avoiding labeling mix-ups, ease of traceability, legibility of compounds, a wide range of applications in pharmaceutical primary and secondary packaging, examination-glove packaging, diagnostic test kit packaging, carton packs, injection vials, ampoules and syringes, and other packaging.
Companies consider various factors such as Batch data, lot sizes, information system integration, traceability requirements, line speeds, package and label material, character sizes and fonts, and others in procuring the machines. Accordingly, most equipment suppliers market customized solutions to healthcare companies to cater to their specific requirements.
Asia Pacific accounts for the highest market size for the period 2023 to 2030
Driven by rapid adoption across end-user industries, Asia Pacific dominates the global Coding and Marking Equipment market.
China- China is the Asia Pacific's largest coding and marking market driven by rapid urbanization, vast industrial manufacturing, a shift in manufacturing base from European and American markets, government initiatives to improve traceability and reduce counterfeit products, and robust end-user demand from food, pharmaceutical, and industrial sectors support the market.
Large-scale electronics and electric manufacturing in China with robust domestic and export potential support the country’s market outlook. Retail sales and industrial production increased robustly in 2022 and the trend is expected to continue through 2023, which fuels the market potential for coding and marking.
In addition to the robust primary packaging industry, China has a large secondary/tertiary packaging industry, which supports the demand for coding and marking companies. Several small and medium-scale companies operate in the coding equipment manufacturing industry, to cater to the demand for small food and industrial manufacturers.
Segmentation
By Type
By Application
By Region
Key Players
Leading companies profiled in the study include-
Coding and Marking Equipment Market Outlook 2023
1 Market Overview
1.1 Introduction to Coding and Marking Equipment Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Coding and Marking Equipment Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Coding and Marking Equipment Market Companies with Area Served
4.2.2 Products Offerings Global Coding and Marking Equipment Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Coding and Marking Equipment Market Trends
6.1 Global Coding and Marking Equipment Revenue (USD Million) and CAGR (%) by Type (2018-2028)
6.2 Global Coding and Marking Equipment Revenue (USD Million) and CAGR (%) by Applications (2018-2028)
6.3 Global Coding and Marking Equipment Revenue (USD Million) and CAGR (%) by Regions (2018-2028)
7 Global Coding and Marking Equipment Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Coding and Marking Equipment Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Coding and Marking Equipment Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Coding and Marking Equipment Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Coding and Marking Equipment Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Coding and Marking Equipment Development Regional Status and Outlook
8.1 Global Coding and Marking Equipment Revenue (USD Million) By Regions (2018-2022)
8.2 North America Coding and Marking Equipment Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Coding and Marking Equipment Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Coding and Marking Equipment Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Coding and Marking Equipment Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Coding and Marking Equipment Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Coding and Marking Equipment Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Coding and Marking Equipment Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Coding and Marking Equipment Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Coding and Marking Equipment Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Coding and Marking Equipment Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Coding and Marking Equipment Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Coding and Marking Equipment Revenue (USD Million) by Applications (2018-2022)
8.5 South America Coding and Marking Equipment Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Coding and Marking Equipment Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Coding and Marking Equipment Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Coding and Marking Equipment Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Coding and Marking Equipment Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Coding and Marking Equipment Market Revenue (USD Million), by Type, and Applications (2023-2028)
10.1 Global Coding and Marking Equipment Revenue (USD Million) and Market Share (%) by Type (2023-2028)
10.1.1 Global Coding and Marking Equipment Revenue (USD Million), and Market Share (%) by Type (2023-2028)
10.2 Global Coding and Marking Equipment Revenue (USD Million) and Market Share (%) by Applications (2023-2028)
10.2.1 Global Coding and Marking Equipment Revenue (USD Million), and Market Share (%) by Applications (2023-2028)
11 Global Coding and Marking Equipment Development Regional Status and Outlook Forecast
11.1 Global Coding and Marking Equipment Revenue (USD Million) By Regions (2023-2028)
11.2 North America Coding and Marking Equipment Revenue (USD Million) by Type, and Applications (2023-2028)
11.2.1 North America Coding and Marking Equipment Revenue (USD) Million by Country (2023-2028)
11.2.2 North America Coding and Marking Equipment Revenue (USD Million), by Type (2023-2028)
11.2.3 North America Coding and Marking Equipment Revenue (USD Million), Market Share (%) by Applications (2023-2028)
11.3 Europe Coding and Marking Equipment Revenue (USD Million), by Type, and Applications (2023-2028)
11.3.1 Europe Coding and Marking Equipment Revenue (USD Million), by Country (2023-2028)
11.3.2 Europe Coding and Marking Equipment Revenue (USD Million), by Type (2023-2028)
11.3.3 Europe Coding and Marking Equipment Revenue (USD Million), by Applications (2023-2028)
11.4 Asia Pacific Coding and Marking Equipment Revenue (USD Million) by Type, and Applications (2023-2028)
11.4.1 Asia Pacific Coding and Marking Equipment Revenue (USD Million), by Country (2023-2028)
11.4.2 Asia Pacific Coding and Marking Equipment Revenue (USD Million), by Type (2023-2028)
11.4.3 Asia Pacific Coding and Marking Equipment Revenue (USD Million), by Applications (2023-2028)
11.5 South America Coding and Marking Equipment Revenue (USD Million), by Type, and Applications (2023-2028)
11.5.1 South America Coding and Marking Equipment Revenue (USD Million), by Country (2023-2028)
11.5.2 South America Coding and Marking Equipment Revenue (USD Million), by Type (2023-2028)
11.5.3 South America Coding and Marking Equipment Revenue (USD Million), by Applications (2023-2028)
11.6 Middle East and Africa Coding and Marking Equipment Revenue (USD Million), by Type, and Applications (2023-2028)
11.6.1 Middle East and Africa Coding and Marking Equipment Revenue (USD Million), by Region (2023-2028)
11.6.2 Middle East and Africa Coding and Marking Equipment Revenue (USD Million), by Type (2023-2028)
11.6.3 Middle East and Africa Coding and Marking Equipment Revenue (USD Million), by Applications (2023-2028)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List Of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Coding and Marking Equipment Market Companies with Areas Served
Table 3 Products Offerings Global Coding and Marking Equipment Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Coding and Marking Equipment Revenue (USD Million) And CAGR (%) By Type (2018-2028)
Table 8 Global Coding and Marking Equipment Revenue (USD Million) And CAGR (%) By Applications (2018-2028)
Table 9 Global Coding and Marking Equipment Revenue (USD Million) And CAGR (%) By Regions (2018-2028)
Table 10 Global Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Table 11 Global Coding and Marking Equipment Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Coding and Marking Equipment Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Coding and Marking Equipment Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Coding and Marking Equipment Market Share (%) By Regions (2018-2022)
Table 16 North America Coding and Marking Equipment Revenue (USD Million) By Country (2018-2022)
Table 17 North America Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Table 18 North America Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Coding and Marking Equipment Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Coding and Marking Equipment Revenue (USD Million) By Country (2018-2022)
Table 26 South America Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Table 27 South America Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Table 33 Global Coding and Marking Equipment Revenue Market Share (%) By Type (2023-2028)
Table 34 Global Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Table 35 Global Coding and Marking Equipment Revenue Market Share (%) By Applications (2023-2028)
Table 36 Global Coding and Marking Equipment Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)
Table 37 North America Coding and Marking Equipment Revenue (USD)By Country (2023-2028)
Table 38 North America Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Table 39 North America Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Table 40 Europe Coding and Marking Equipment Revenue (USD Million) By Country (2023-2028)
Table 41 Europe Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Table 42 Europe Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Table 43 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Country (2023-2028)
Table 44 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Table 45 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Table 46 South America Coding and Marking Equipment Revenue (USD Million) By Country (2023-2028)
Table 47 South America Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Table 48 South America Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Table 49 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Region (2023-2028)
Table 50 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Region (2023-2028)
Table 51 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Table 52 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List Of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Coding and Marking Equipment Revenue Market Share (%) By Type (2022)
Figure 5 Global Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Coding and Marking Equipment Revenue Market Share (%) By Applications (2022)
Figure 7 Global Coding and Marking Equipment Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Coding and Marking Equipment Market Share (%) By Regions (2022)
Figure 9 North America Coding and Marking Equipment Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Coding and Marking Equipment Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Coding and Marking Equipment Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Figure 25 Global Coding and Marking Equipment Revenue Market Share (%) By Type (2028)
Figure 26 Global Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Figure 27 Global Coding and Marking Equipment Revenue Market Share (%) By Applications (2028)
Figure 28 Global Coding and Marking Equipment Market Revenue (USD Million) By Regions (2023-2028)
Figure 29 North America Coding and Marking Equipment Revenue (USD Million) By Country (2023-2028)
Figure 30 North America Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Figure 31 North America Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Figure 32 Europe Coding and Marking Equipment Revenue (USD Million) By Country (2023-2028)
Figure 33 Europe Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Figure 34 Europe Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Figure 35 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Country (2023-2028)
Figure 36 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Figure 37 Asia Pacific Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Figure 38 South America Coding and Marking Equipment Revenue (USD Million) By Country (2023-2028)
Figure 39 South America Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Figure 40 South America Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Figure 41 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Region (2023-2028)
Figure 42 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Region (2023-2028)
Figure 43 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Type (2023-2028)
Figure 44 Middle East and Africa Coding and Marking Equipment Revenue (USD Million) By Applications (2023-2028)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
Market Segmentation
By Type
By Application
By Region
The global Coding and Marking Equipment Market Size is estimated to be US$ 7391.7 Million in 2023
The market is poised to register 5.81% growth over the forecast period from 2023 to 2030.
Which Coding and Marking Equipment types offer lucrative growth opportunities?