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Coding and Marking Systems and Solutions - Global Market Trajectory & Analytics

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    Report

  • 486 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 3666251

Global Coding and Marking Systems and Solutions Market to Reach $4.7 Billion by 2026


Coding and marking forms an important part of the manufacturing and intralogistics processes of packaged consumer and industrial goods. Coding and marking systems are used to print product-related details, such as manufacturing date, batch number, and expiry date among others, on the package. Demand in the market is impacted by the outlook in the retail sector and the level of demand in the key end-use sectors such as food and beverage, cosmetic, chemical, pharmaceutical, and construction and building material among others. The increasing use of coding and marking systems for printing of batch numbers, government identification codes, and printing labels among others on both primary and secondary packaging materials in industries such as automotive, healthcare, chemical, construction, semiconductor and electronics, and food and beverage among others presents considerable opportunities for growth. In addition, end-use industry trends such as increase in code content, diversity in product range, and the need to optimize time at manufacturing facilities is paving the way for the development of coding and marking technologies that make alterations simpler.

Amid the COVID-19 crisis, the global market for Coding and Marking Systems and Solutions estimated at US$3.8 Billion in the year 2022, is projected to reach a revised size of US$4.7 Billion by 2026, growing at a CAGR of 5.5% over the analysis period. Continuous Inkjet, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$1.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Laser segment is readjusted to a revised 7.4% CAGR for the next 7-year period. New generation coding and marking systems including continuous inkjet (CIJ) printers can code large amounts of variable information onto any type of surface such as organic or non-organic, absorbent or non-absorbent, smooth or uneven, dry, greasy, oily, or humid surface among others. The dominant share of CIJ segment is due mainly to its ease of installation. Laser systems are gaining momentum due to their superior benefits in the form of ease-of-use, low maintenance, high performance and no need for inks and other consumables.

The U.S. Market is Estimated at $783.1 Million in 2022, While China is Forecast to Reach $680.3 Million by 2026


The Coding and Marking Systems and Solutions market in the U.S. is estimated at US$783.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$680.3 Million by the year 2026 trailing a CAGR of 7.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR. In Asia-Pacific region, growth is being spurred by the surging demand from various end-use industries specifically food and beverage, cosmetic and pharmaceutical sectors. Increase in consumer incomes, westernization, improved lifestyles and marketing/retailing practices are poised to enhance demand for packaged consumer goods in developing markets, while presenting growth opportunities for coding and marking systems. North America and Europe are other major regions in the coding and marking system market, with growth fueled by sustained technology developments and increasing R&D investments being made by vendors. In the US and European countries, legislative specifications and industry standards are facilitating growth of coding and marking systems market.

Thermal Inkjet Segment to Reach $817.2 Million by 2026


Thermal inkjet continues to evolve with a need for inks that will dry faster and offer better adhesion. Advanced ink types and high-resolution capabilities make thermal inkjet ideal for printing on masks in a manufacturing line. In the global Thermal Inkjet segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$412 Million will reach a projected size of US$617.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$119.3 Million by the year 2026, while Latin America will expand at a 7.1% CAGR through the analysis period.

Select Competitors (Total 113 Featured):

  • ATD Ltd
  • Diagraph Corporation
  • Domino Printing Sciences plc
  • Hitachi Industrial Equipment Systems Co, Ltd.
  • Iconotech
  • InkJet, Inc.
  • Linx Printing Technologies Ltd
  • Markem-Imaje SAS
  • Matthews Marking Systems
  • Paul Leibinger GmbH & Co. KG
  • ProMach, Inc.
  • Greydon
  • ID Technology, LLC
  • REA Elektronik GmbH
  • SATO America
  • Universal Labeling Systems, Inc.
  • Videojet Technologies, Inc.

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Coding and Marking Systems and Solutions

What is the estimated value of the Global Market for Coding and Marking Systems and Solutions?

The Global Market for Coding and Marking Systems and Solutions was estimated to be valued at $3.8 Billion in 2022.

What is the growth rate of the Global Market for Coding and Marking Systems and Solutions?

The growth rate of the Global Market for Coding and Marking Systems and Solutions is 5.5%, with an estimated value of $4.7 Billion by 2026.

What is the forecasted size of the Global Market for Coding and Marking Systems and Solutions?

The Global Market for Coding and Marking Systems and Solutions is estimated to be worth $4.7 Billion by 2026.

Who are the key companies in the Global Market for Coding and Marking Systems and Solutions?

Key companies in the Global Market for Coding and Marking Systems and Solutions include ATD Ltd, Diagraph Corporation, Domino Printing Sciences plc, Hitachi Industrial Equipment Systems Co, Ltd., Iconotech, InkJet, Inc., Linx Printing Technologies Ltd, Markem and Matthews Marking Systems.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Coding and Marking Systems and Solutions - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
  • COVID-19 Pandemic Disrupts Packaging Industry
  • Pandemic Gives Rise to the Need for Coding and Marking for PPEs and Other Products
  • An Introduction to Coding and Marking Systems & Solutions
  • Technological Perspective of Coding and Marking Systems
  • Types of Coding and Marking Systems by Technology Platforms
  • Types of Coding and Marking by Packaging Level
  • Coding and Marking on Packaging Substrates
  • Coding and Marking Systems and Solutions: A Critical Part of Packaging Market
  • Continuous Inkjet Technology Dominates Global Coding and Marking Systems Market
  • Food & Beverage: The Major End-Use for Coding and Marking Market
  • Developing Countries to Spearhead Future Growth
  • Competition
  • Coding and Marking Systems and Solutions Competitor Market Share Scenario Worldwide (in %): 2020E
  • Vendors Aim to Operate as Single Source Solutions Providers
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Focus on Product Traceability and Anti-Counterfeiting Measures to Build Huge Opportunities for Coding and Marking Market
  • Concerns over Counterfeiting and Diversions Drives Global Brands to Adopt Advanced Coding and Marking Solutions
  • Global Sales Losses due to Counterfeit Goods (in Euro Billion) by Retail Sector for 2020E
  • Global Counterfeit Goods Market by Country: Percentage Breakdown of Goods Value Seized by Country of Copyright Owner
  • Industry 4.0 Plays a Critical Role in Enhancing Efficiency of Coding and Marking Systems
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • Industry 4.0 Poised to Transform FMCG Coding and Marking
  • Demand for Manufactured and Processed Goods to Influence Growth in Coding and Marking Market
  • World Urban Population in Thousands: 1950-2050P
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Product Innovations Keep Market Momentum Intact
  • Continuous Inkjet (CIJ): Prominent Technology Type for Coding and Marking
  • Ultra-High Speed CIJ Technology Experience Demand Growth
  • Flexible Packaging Market Presents Potential Opportunities for CIJ Technology
  • Global Flexible Packaging Market Size (in US$ Billion) for the Years 2019, 2022 & 2025
  • Thermal Transfer Overprinting: An Ideal Technology for Flexible Packaging
  • Laser Marking Systems Poised to Witness High Growth
  • Global Industrial Laser Systems Market for Marking and Engraving: Percentage Breakdown of Laser Revenues by Laser Type for 2020E
  • Lasers Find Use in High-Speed Marking
  • Manufacturers Rely on Laser Systems for Permanent Marking Needs
  • Laser Marking Systems for Traceability of Magnesium Parts in Automotive Industry
  • Inkjet Devices for Coding and Marking Facilitate Product Tracking and Tracing
  • Inkjet Coders Ensure Higher Efficiency with Lower Downtime for Primary Packaging
  • Advanced Systems Vs Legacy Systems
  • Benefits for Users & Buyers of Packaging Machinery
  • Room for Further Improvements in Inkjet Coding
  • The Future of Inkjet Coders
  • Thermal Inkjet: Extended Application Scope Aids Growth
  • Addressing Ink-related Obstacles of High-Speed Coding for Primary Packaging
  • Replacement of Analog Systems with Digital Products to Present Growth for Coding and Marking Market
  • Digital Labeling and Smart Labels Enable Efficient Tracking of Products
  • Coding and Marking Systems with Advanced Software Make Gains
  • Food and Beverages: The Key End-Use Market for Coding and Marking Systems
  • Global Packaged Food Market Size (in US$ Billion) for the Years 2019, 2023 and 2026
  • Evolving Technologies Assist Food Companies to Prevent Food Contamination and Counterfeiting
  • Number of Food Recalls in the US: Breakdown by Class I Recalls and Class II & III Recalls for 2014-2019
  • Coding and Marking Becomes Critical Importance in Dairy Packaging
  • Rising Prominence of Coding and Marking Technologies for Bakery Sector
  • Coding and Marking Technologies Address Challenges Confronting the Bakery Industry
  • TTO Technology Holds an Edge in Bakery Sector
  • Coding of Salty Snacks Packaging
  • Coding and Marking Gain Precedence in Confectionery Packaging
  • Advanced Coding and Marking Systems for Meat Packaging
  • Coding Systems Vendors Sense Potential Opportunities in Egg Coding Segment
  • Innovative Coding Technologies for Ready-Meal Products
  • Emergence of Food-Grade Inks for Direct Printing on Food
  • Beverage Companies Leverage Coding and Marking to Augment Supply Chain Management
  • Global Consumption of Packaged Beverages by Type: Percentage Share Breakdown by Volume for 2019 & 2025
  • Serialization Requirements Put Focus on Effective Coding in the Pharmaceutical Sector
  • Legislations to Accelerate Demand for Medical Coding Systems
  • Labeling & Serialization Equipment Benefit from Increased Focus on Preventing Counterfeiting of Drugs
  • Global Number of Pharmaceutical Counterfeiting Incidents for Years 2000, 2005, 2010, 2015, 2019 & 2022
  • Most Widely Counterfeited Pharmaceuticals Worldwide: Percentage Share of Value of Fake Drugs Seized
  • Major Coding Trends in the Pharmaceutical Space
  • Coding and Marking Technologies for Pharmaceutical Sector
  • Laser Systems Gain Traction in Coding Pharmaceutical HDPE Packaging
  • TIJ Printers Make a Cut in Pharmaceutical Porous Material Packaging
  • Pharmaceutical Companies Prefer Innovative Inks with Superior Water Fastness
  • Laser Marking Method Emerges to Address Medical Device Challenges
  • Automakers Leverage Coding and Marking for Improving Assembly Line Efficiency
  • Global Automotive Market Growth Outlook (in %) for Years 2019 through 2025
  • Growing Sales of Electronics and Electrical Systems Drive Need for Coding and Marking Systems
  • Pandemic Disrupts Electronics & Electrical Manufacturing Activity, Influencing Coding & Marking Market Growth
  • Global Electrical & Electronics Equipment Market Growth Outlook (in %) for Years 2019 through 2025
  • Cosmetics Manufacturers Rely on Coding and Marking to Improve Product Image
  • Global Personal Care Market Growth Outlook (in %) for the Period 2019-2025
  • Need for Transparency in Cosmetic Products to Fuel Demand for Coding and Marking
  • Construction Materials Manufacturers Rely on Coding Technologies to Improve Product Efficiency and Security
  • Automated Traceability Advances Steel Tube and Pipe Industry
  • Surge in E-Commerce Sales Presents Growth for Coding and Marking Market
  • Global e-Commerce Market Growth Outlook (in %) for Years 2019 through 2025
  • Regulatory Legislations and Industry Standards Underpin Sales Growth
  • High System Cost and Rising Raw Material Prices Challenge Market Growth
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Coding and Marking Systems Market in the US: An Overview
  • Food Processors Prioritize Coding and Marking of Products
  • Drug Counterfeiting Concerns Encourage Market Growth
CANADA
JAPAN
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • China: A Major Market for Packaging Machinery
EUROPE
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • An Insight into Coding and Marking Systems Market in Europe
  • Coding Systems Focus on Expanding Footprint in Europe’s Vast Dairy Industry
FRANCE
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
AUSTRALIA
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • India: Promising Long-term Growth for Packaging Machinery
  • India’s Emergence as a Hub of Pharmaceutical Manufacturing Supports Growth in Coding and Marking Systems Market
  • Competition
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Coding and Marking Systems and Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 113

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ATD Ltd
  • Diagraph Corporation
  • Domino Printing Sciences plc
  • Hitachi Industrial Equipment Systems Co, Ltd.
  • Iconotech
  • InkJet, Inc.
  • Linx Printing Technologies Ltd
  • Markem-Imaje SAS
  • Matthews Marking Systems
  • Paul Leibinger GmbH & Co. KG
  • ProMach, Inc.
  • Greydon
  • ID Technology, LLC
  • REA Elektronik GmbH
  • SATO America
  • Universal Labeling Systems, Inc.
  • Videojet Technologies, Inc.