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Coding And Marking Systems Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: September, 2022
No of Pages: 153
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Coding and Marking Systems Market Overview
The global coding and marking systems market size stood at $3,832.4 million in 2019, and it is expected to demonstrate a CAGR of 6.4% during the forecast period (2020–2030). One of the key growth factors for the coding and marking systems industry is the growing product application in the food & beverage and pharmaceutical industries, along with a surge in the demand for them from the automotive sector, owing to the increasing sales of electric vehicles.

Owing to the COVID-19 pandemic, several industries across the globe witnessed turmoil; hence, the coding and marking system uptake also witnessed a fall. The suspension of manufacturing activities worldwide led to a temporary erosion of the demand for the systems. In addition, severe repercussions befell the supply lines of the components required for the manufacturing of marking systems in 2020 Q1.

Coding and Marking Systems MarketContinuous Inkjet Systems Accounted for Largest Market Share
In 2019, the continuous inkjet category accounted for the largest market size in the coding and marking systems industry, on the basis of technology. This is majorly attributed to the several benefits of the technology, which include high-speed printing and the ability to print characters on virtually any material. Additionally, the usage of the technology allows systems to run for long hours, with minimum servicing requirement, thus making their operations cost-effective.

Paper & Cardboard Category To Demonstrate Fastest Growth
The paper & cardboard category is expected to showcase the fastest growth, based on material, on account of the widespread usage of labels on packaged food products, along with on e-commerce packaging. The growing consumption of packaged food is further propelling the usage of paper and cardboard material for packaging. According to industry experts, the food packaging industry stood at $292.9 billion in 2018 and grew to $308.7 billion in 2019.

Food & Beverage Category To Generate Highest Revenue during Forecast Period
During the forecast period, the food & beverage category is expected to hold the largest share, on the basis of end user. Stringent government regulations across the globe regarding the safety and traceability of shipments have created an urge among producers to properly display the manufacturing date, nutritional facts, ingredient list, and manufacturer’s details on the primary or secondary packaging of food & beverage items. Additionally, supportive regulatory policies to prevent the entry of counterfeit products in the market, along with technological advancements, is expected to drive the global coding and marking systems market.

Asia-Pacific (APAC) Accounted for Largest Share in Coding and Marking Systems Market
Globally, APAC held the largest revenue share in the coding and marking systems market in 2019, and the trend is likely to continue during the forecast period. This is majorly attributed to the stringent government regulations, increase in food production, and surge in the export of packaged food items. Additionally, with the rising population in the region, food consumption in the region is likely to increase, thereby further propelling the packaged food & beverage sector.

APAC To Demonstrate Fastest Growth during Forecast Period
The importance of coding and marking in the APAC region has increased manifold in recent years, owing to the rapid penetration of counterfeiting and piracy in most of the industries. According to the data published by the United Nations Office on Drugs and Crime (UNODC), on average, globally, more than 50% of the counterfeit medical products are sourced from China and India every year.

Additionally, a significant number of counterfeit products, particularly electrical and electronic items, such as computers and smartphone tablets, are manufactured in North Korea, Myanmar, and Vietnam. In order to prevent the penetration of counterfeit products, governments of different countries have introduced legislative norms. Such stringent government regulations have impelled the end users in the region to use coding and marking systems to ensure proper labeling of the produced goods.

Coding And Marking Systems Market  Report Scope and Segmentation

ATTRIBUTESDETAILS
ESTIMATED YEAR2022
BASE YEAR2021
FORECAST YEAR2030
HISTORICAL YEAR2017-2021
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

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Environment-Friendly Coding Technologies Are Key Market Trend
Printing materials used in coding and marking systems are subject to regulations designed by the Restriction of Hazardous Substances Directive (RoHS) and the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) committee. Due to the regulations of these environmental protection agencies, manufacturers of coding and marking systems are being forced to decrease the use of hazardous solvents, such as methyl ethyl ketone (MEK), reduce the content of volatile organic compounds (VOC), and prevent smearing. These regulations are also impelling companies to focus on tackling the odor problem associated with printing consumables. For example, Videojet Technologies Inc. has developed printing consumables that do not acquire odors from their environment.

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Growing Application of Coding and Marking Systems in Food & Beverage and Pharmaceutical Industries
The rising demand for such equipment from the food & beverage, pharmaceutical, and cosmetic industries is one of the primary factors driving the coding and marking systems market growth. The food & beverage industry captures the largest market share mainly due to the high demand from food & beverage companies end. The rising sales of packaged food, bottled water, fruit juices, and dairy products have fueled the growth of the packaged food & beverage industry across the globe.

Similarly, the growing demand for pharmaceutical packaging is supported by multiple factors, such as an increase in the awareness among manufacturers on the benefits of citing drug information on the package and rising penetration of blister packaging and special packaging in the pharmaceutical industry. Such factors are expected to drive the usage of such systems, in turn, boosting the coding and marking systems market advance during the forecast period.

Coding and Marking Systems Market Report Coverage
Report Attribute Details
Historical Years

2014-2019

Forecast Years

2020-2030

Base Year (2019) Market Size

$3,832.4 million

Forecast Period CAGR

6.4%

Report Coverage

Market trends, revenue estimation and forecast, segmentation analysis, regional and country breakdown, company share analysis, companies’ strategic developments, product benchmarking, company profiling

Market Size by Segments

Technology, material, end user, geography

Market Size of Geographies

U.S., Canada, Germany, France, Italy, U.K., Japan, China, India, South Korea, Brazil, Mexico, Saudi Arabia, South Africa, Turkey

Secondary Sources and References (Partial List)

American Chemical Society, American Hardware Manufacturers Association, Asia Print Association, Association of Visual Packaging Manufacturers, Brazilian Packaging Association, Central Intelligence Agency, Contract Manufacturing and Packaging Association

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Rising Demand from Automotive Industry
Coding and marking systems are widely used in the automotive sector to code part numbers or anti-counterfeit labels on automobile components, in order to stop the sale of counterfeit parts. Additionally, according to the Automotive Aftermarket Suppliers Association (AASA), the global automotive industry loses around $12.0 billion every year due to counterfeit products, such as brake pads, compression systems, suspension components, batteries, steering linkages, and lighting systems. In order to combat the threat of counterfeits, automotive manufacturers prefer scannable invisible anti-counterfeiting printing inks and barcodes. Such factors are expected to drive the coding and marking systems market in the coming time.

Market Players Launching Improved Products in order to Gain Competitive Edge
The coding and marking systems market is consolidated in nature, with the presence of few major players, including Danaher Corporation, Domino Printing Sciences plc, Dover Corporation, and Matthews International Corporation.

Coding and marking system manufacturers are launching a number of products in order to expand their portfolio, which, in turn, is expected to help them increase their clientele. For instance:

In June 2020, Domino Printing Sciences plc announced that it will be introducing X630i, its first digital inkjet product offering for corrugated materials. Along with this automated inkjet printing solution, the company will also launch a new ink set based on the novel water-based ink technology.
In October 2019, ATD Ltd. launched its new range of thermal inkjet printers — the IP2000 online printer and HC2000 handheld coder. The IP2000 thermal inkjet printer is a small-character coder, which delivers industrial printing solutions in one integrated unit. Likewise, the HC2000 is ATD’s first handheld thermal inkjet printer, which is a lightweight and portable coder.
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Some of the Key Players in the Coding and Marking Systems Market Are:
Danaher Corporation
Domino Printing Sciences plc
Dover Corporation
Matthews International Corporation
ATD Ltd.
Hitachi Ltd.
Diagraph Group
ID Technology LLC
Inkjet Inc.
Overprint Packaging Ltd.
Coding and Marking Systems Market Size Breakdown by Segment
The coding and marking systems market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Technology

Continuous Inkjet
Thermal Transfer Overprinting
Thermal Inkjet
Drop on Demand
Print & Apply Labeling
Laser Coding & Marking
Direct part marking (DPM)
Laser coding
Based on Material

Paper & Cardboard
Plastic
Metal
Based on End User

Food & Beverages
Electrical & Electronics
Automotive & Aerospace
Chemicals
Healthcare
Geographical Analysis

North America
U.S.
Canada
Europe
Germany
France
Italy
U.K.
Asia-Pacific (APAC)
China
India
Japan
South Korea
Latin America (LATAM)
Brazil
Mexico
Middle East and Africa (MEA)
Saudi Arabia
South Africa
Turkey

Table of content

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Technology

1.3.2 Market Segmentation by Material

1.3.3 Market Segmentation by End User

1.3.4 Market Segmentation by Region

1.3.5 Analysis Period

1.3.6 Market Data Reporting Unit

1.3.6.1 Value

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.1.1 Paid

2.1.2 Unpaid

2.1.3 P&S Intelligence Database

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By region

2.2.1.2 By industry participant

2.2.1.3 By company type

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Currency Conversion Rates

2.6 Assumptions for the Study

2.7 Notes & Caveats

Chapter 3. Executive Summary

Chapter 4. Industry Outlook

4.1 Voice of Industry Experts/KOLs

4.2 Definition of Market Segments

4.2.1 By Technology

4.2.1.1 Continuous inkjet

4.2.1.2 Thermal transfer overprinting

4.2.1.3 Thermal inkjet

4.2.1.4 Drop on demand

4.2.1.5 Print & apply labeling

4.2.1.6 Laser coding & marking

4.2.1.6.1 DPM

4.2.1.6.2 Laser coding

4.2.1.7 Others

4.2.2 By Material

4.2.2.1 Paper & cardboard

4.2.2.2 Plastic

4.2.2.3 Metal

4.2.2.4 Others

4.2.3 By End User

4.2.3.1 Food & beverages

4.2.3.2 Electrical & electronics

4.2.3.3 Automotive & aerospace

4.2.3.4 Chemicals

4.2.3.5 Healthcare

4.2.3.6 Others

4.3 Value Chain Analysis

4.4 Market Dynamics

4.4.1 Trends

4.4.1.1 Emergence of environment-friendly coding technologies

4.4.2 Drivers

4.4.2.1 Growing application of coding and marking systems in food & beverage and pharmaceutical industries

4.4.2.2 Rising demand from automotive industry

4.4.2.3 Impact analysis of drivers on market forecast

4.4.3 Restraints

4.4.3.1 High price of coding and marking machines

4.4.3.2 Impact analysis of restraints on market forecast

4.4.4 Opportunities

4.4.4.1 Stringent government norms to meet industry standards for coding and marking

4.5 Porter’s Five Forces Analysis

4.5.1 Bargaining Power of Buyers

4.5.2 Bargaining Power of Suppliers

4.5.3 Intensity of Rivalry

4.5.4 Threat of New Entrants

4.5.5 Threat of Substitutes

4.6 Impact of COVID-19

4.6.1 Global Share by Countries

4.6.1.1 Contribution of Countries in Global Manufacturing Output

4.6.1.2 Contribution of Countries in Global Export and Import (2019)

4.6.1.2.1 Top 20 Countries by Export

4.6.1.2.2 Top 20 Countries by Import

4.6.2 Global Scenario of COVID-19 Impact

4.6.3 Global Scenario

4.6.3.1 GDP Growth Rate (2019)

4.6.3.2 GDP Growth Rate (2020)

4.6.3.3 GDP Growth Rate Projection for 2021

4.6.3.4 Assessment of COVID-19 Impact on GDP and Economic Forecast

4.6.3.5 Assessment of COVID-19 Impact on Workforce across Various Sectors

4.6.4 Impact of Covid-19 on Global Coding and Marking Systems Market

Chapter 5. Global Market Size and Forecast

5.1 By Technology

5.1.1 Laser Coding & Marking, by Technology

5.2 By Material

5.3 By End User

5.4 By Region

Chapter 6. North America Market Size and Forecast

6.1 By Technology

6.1.1 Laser Coding & Marking, by Technology

6.2 By Material

6.3 By End User

6.4 By Country

Chapter 7. Europe Market Size and Forecast

7.1 By Technology

7.1.1 Laser Coding & Marking, by Technology

7.2 By Material

7.3 By End User

7.4 By Country

Chapter 8. APAC Market Size and Forecast

8.1 By Technology

8.1.1 Laser Coding & Marking, by Technology

8.2 By Material

8.3 By End User

8.4 By Country

Chapter 9. LATAM Market Size and Forecast

9.1 By Technology

9.1.1 Laser Coding & Marking, by Technology

9.2 By Material

9.3 By End User

9.4 By Country

Chapter 10. MEA Market Size and Forecast

10.1 By Technology

10.1.1 Laser Coding & Marking, by Technology

10.2 By Material

10.3 By End User

10.4 By Country

Chapter 11. Competitive Landscape

11.1 Market Share Analysis of Key Players

11.2 Competitive Benchmarking of Key Players

11.3 List of Other Players

11.4 Recent Strategic Developments of Key Players

11.4.1 Facility Expansion

11.4.2 Product Launches

11.4.3 Mergers and Acquisitions

11.4.4 Collaborations and Agreements

Chapter 12. Company Profiles

12.1 Danaher Corporation

12.1.1 Business Overview

12.1.2 Product and Service Offerings

12.1.3 Key Financial Summary

12.2 ATD Ltd.

12.2.1 Business Overview

12.2.2 Product and Service Offerings

12.3 ID Technology LLC

12.3.1 Business Overview

12.3.2 Product and Service Offerings

12.4 Inkjet Inc.

12.4.1 Business Overview

12.4.2 Product and Service Offerings

12.5 Hitachi Ltd.

12.5.1 Business Overview

12.5.2 Product and Service Offerings

12.5.3 Key Financial Summary

12.6 Dover Corporation

12.6.1 Business Overview

12.6.2 Product and Service Offerings

12.6.3 Key Financial Summary

12.7 Diagraph Group

12.7.1 Business Overview

12.7.2 Product and Service Offerings

12.8 Matthews International Corporation

12.8.1 Business Overview

12.8.2 Product and Service Offerings

12.8.3 Key Financial Summary

12.9 Domino Printing Sciences plc

12.9.1 Business Overview

12.9.2 Product and Service Offerings

12.10 Overprint Packaging Ltd.

12.10.1 Business Overview

12.10.2 Product and Service Offerings

Chapter 13. Appendix

13.1 Abbreviations

13.2 Sources and References

13.3 Related Reports

Segmentation

Based on Technology

  • Continuous Inkjet
  • Thermal Transfer Overprinting
  • Thermal Inkjet
  • Drop on Demand
  • Print & Apply Labeling
  • Laser Coding & Marking
    • Direct part marking (DPM)
    • Laser coding

Based on Material

  • Paper & Cardboard
  • Plastic
  • Metal

Based on End User

  • Food & Beverages
  • Electrical & Electronics
  • Automotive & Aerospace
  • Chemicals
  • Healthcare

Major Companies

  • Danaher Corporation
  • Domino Printing Sciences plc
  • Dover Corporation
  • Matthews International Corporation
  • ATD Ltd.
  • Hitachi Ltd.
  • Diagraph Group
  • ID Technology LLC
  • Inkjet Inc.
  • Overprint Packaging Ltd.

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