The rising demand for coding and marking systems in the various end-user industry has increased due to the government rules and regulations for packaging products. The high incidence rate of counterfeit or pirated goods has forced companies to adopt coding and marking systems for better traceability. Therefore, the global coding and marking systems market is estimated to increase rapidly in the near future.
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Data Bridge Market Research analyses that the Global Coding and Marking Systems Market is expected to grow at a CAGR of 5.6% in the forecast period of 2023 to 2030 and is expected to reach USD 8,868,866.47 thousand by 2030. The high adoption of the continuous inkjet printer is expected to increase in the global coding and marking systems market as manufacturers can reduce the risk of counterfeiting and protect the brand image of the end consumer.
Rising demand for the coding and marking systems market in the automotive industry is expected to drive the market growth rate
The rising demand for coding and marking systems in the automotive industry has increased due to the increased sales of counterfeit products. Therefore, manufacturers use coding and marking systems to decrease the usage of counterfeit products in the market and frequently use coding and marking systems to code part number labels on vehicle machinery. Coding and marking equipment must be able to comfortably meet the complex demands of automotive manufacturers in an industry that requires information to be printed onto individual components at various stages of the manufacturing process. Robust coders must provide trouble-free integration into existing processes and then operate consistently in demanding production environments. Manufacturers are seeking global traceability and containment solutions, as well as the ability to print their logo, production date, expiry date, lot number, part numbers, and other information on their products.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, Pricing in USD
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Segments Covered
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By Technology Type (Continuous Inkjet, Laser Coding, Thermal Inkjet, Piezo, Others), Type (Small Character Inkjet Printers, High-Resolution Inkjet Printers, Large Inkjet Printers, Laser Systems, and Spray Market Systems), Application (Secondary, Tertiary, Primary), Material (Plastics, Paper & Cardboard, Metal, Wood, Textiles (Excluding Carpet and Fleece), Foils, Organic Surfaces, Rubber, Carpet, Fleece, and Others), Number of Nozzles (Single Nozzle, Multiple Nozzles), End Use (Food & Beverage, Pharmaceuticals, Electrical & Electronics, Automotive & Aerospace, Personal Care, Construction, Chemical Manufacturing, and Others)
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Countries Covered
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North America (U.S., Canada, Mexico), Europe (Germany, U.K., Poland, Sweden, Denmark, Italy, France, Spain, Switzerland, Russia, Turkey, Belgium, Netherlands, Rest Of Europe), Asia-Pacific (China, India, Japan, South Korea, Thailand, Australia, Vietnam, Malaysia, Indonesia, Philippines, Singapore, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Rest of South America), Middle East and Africa (South Africa, Qatar, Kuwait, Oman, Saudi Arabia, United Arab Emirates, Rest of Middle East and Africa)
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Market Players Covered
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ATD UK, Danaher, Weber Marking, Systems GmbH, Dover Corporation, Novanta Inc., REA Elektronik GmbH., ProMach Inc., Leibinger Group, Codeline Automation., CONTROL PRINT LTD., Pak-Tec, Hitachi, Ltd., Illinois Tool Works Inc., Matthews International Corporation, Overprint Ltd., Brother Industries, Ltd., HSA Systems A/S. among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The global coding and marking systems market is segmented on the basis of technology type, type, application, material, number of nozzles, and end-use.
- On the basis of technology type, the global coding and marking systems market is classified into continuous inkjet, laser coding, thermal inkjet, piezo, and others.
In 2023, the continuous inkjet segment of technology type segment is anticipated to dominate the global coding and marking systems market.
In 2023, the continuous Inkjet segment of this market will dominate the global coding and marking systems market owing to the increasing awareness among consumers regarding coding and marking on packaged products. The continuous Inkjet segment is expected to reach the highest CAGR of 5.8% in the forecast period of 2023-2030.
- On the basis of type, the global coding and marking systems market is classified into small character inkjet printers, high-resolution inkjet printers, large inkjet printers, laser systems, and spray market systems. In 2023, small character inkjet printers are expected to dominate the global coding and marking systems market with the largest market share of 42.75% due to their increasing use as it provides a high-quality print.
- On the basis of application, the global coding and marking systems market is classified into secondary, tertiary, and primary. In 2023, secondary is expected to dominate the global coding and marking systems market with the largest market share of 44.94% due to its increasing use in various industries.
- On the basis of material, the global coding and marking systems market is classified into plastics, paper & cardboard, metal, wood, textiles (excluding carpet and fleece), foils, organic surfaces, rubber, carpet, fleece, and others. In 2023, the plastics segment is expected to dominate the global coding and marking systems market with the largest market share of 22.04% as it is used to pack a wide range of products.
- On the basis of the number of nozzles, the global coding and marking systems market is classified into single nozzle and multiple nozzles. In 2023, the single nozzle is expected to dominate the global coding and marking systems market, with the largest market share of 65.56% as it provides high-quality products.
- On the basis of end use, the global coding and marking systems market is classified into food & beverage, pharmaceuticals, electrical & electronics, automotive & aerospace, personal care, construction, chemical manufacturing, and others. In 2023, food & beverage is expected to dominate the global coding and marking systems market with the largest market share of 30.66% due to the increasing usage of packaged products.
Major Players
Data Bridge Market Research recognizes the following companies as the major global coding and marking systems players are Illinois Tool Works Inc. (U.S.), Hitachi, Ltd. (Japan), Danaher (U.S.), Brother Industries, Ltd. (Japan), Dover Corporation (U.S.), ATD UK. (U.K.), Codeline Automation (India), CONTROL PRINT LTD. (India), HSA Systems A/S (Denmark), Leibinger Group (Germany), Matthews International Corporation (U.S.), Novanta Inc. (U.S.), Overprint Ltd. (U.K.), Pak-Tec (U.S.), Promach Inc. (U.S.), REA Elektronik GmbH (Germany), Weber Marking Systems GmbH (Germany).
Market Development
- In November 2022, the "BRC Global Standard Grade A Packaging Materials Certification" was awarded to Markem-Imaje. The Continuous Inkjet ink manufacturing facility of the company has successfully attained accreditation in Bourg-Lès-Valence, France. The certification, which comes after an evaluation by a third-party certifying authority, confirms that the company complies with the highest criteria for quality standards outlined by the BRC Global Standard
- In October 2022, ATD UK launched the IP2000 online printer and the HC2000 handheld coder, which are thermal inkjet printers. These product launches will further enhance the product portfolio of the company
- In July 2022, through its Dutch holding company CONTROL PRINT LTD. announced the acquisition of Markprint BV, a firm with its headquarters in the Netherlands and a global provider of high-speed printing and coding solutions, for EUR 1.5 million at 75% ownership. CONTROL PRINT LTD. will be able to fully utilize Markprint's technology for high-quality single-pass printing for packaging and industrial applications as a result of the acquisition, which will also allow it to expand its product line and offer integrated solutions for uses like inventory management, branding, and traceability
- In July 2022, Hitachi Industrial Equipment Systems Co., Ltd., a wholly-owned subsidiary of Hitachi, Ltd., announced the acquisition of Telesis Technologies, Inc. This US business makes and sells marking tools that use laser technologies. Hitachi's coding and marking business has been strengthened even more by the company's acquisition
- In June 2022, CONTROL PRINT LTD. launched a new product Pench, which is a continuous inkjet printer. It is mainly used for sectors such as cable, wire, steel, and other ultra-fast high-speed applications, as it can print at a pace of up to 700-m/min. The product launch will help the company to expand its product portfolio and customer base in various end-use industries
- In January 2022, Domino Printing Sciences announced the release of the new Cx350i high-resolution-large character printer, a piezo inkjet printer designed to eliminate the stress associated with outer case coding. The printer's introduction is to assist end users in maximizing production effectiveness and minimizing manufacturing waste associated with wasteful coding
- In September 2021, Leibinger Group, a global pioneer in continuous inkjet solutions, announced the acquisition of SIS Ink Solution, a market leader in the production of high-quality continuous inkjet ink and solvent products. Leibinger's strategic strengths in the design and production of top-notch ink products are increased with the acquisition of SIS Ink Solution
- In October 2019, Western Canada's largest label manufacturer for a range of sectors, Jet Label & Packaging, was acquired by Promach Inc. With the acquisition of Jet Label, ProMach's labeling and coding capabilities are expanded. Additionally, customers across Canada can now take advantage of improved sales and support to keep their packaging processes going as smoothly as possible
- In February 2019, ProMach, a leading provider of inkjet marking and coding solutions for businesses in several industries, added Code Tech Corporation to its labeling and coding solutions portfolio. This will boost the ProMach product expansion for thermal inkjet solutions
- In June 2021, in order to promote the expansion of its digital printing product line in the Asia-Pacific region, Domino Digital Printing Solutions announced the opening of its Digital Center of Excellence in Bangkok, Thailand, alongside long-term partner Harn Engineering Solutions Pcl. This step will help the company to expand its business in the Asia-Pacific region
Regional Analysis
Geographically, the countries covered in the global coding and marking systems market are North America (U.S., Canada, Mexico), Europe (Germany, U.K., Poland, Sweden, Denmark, Italy, France, Spain, Switzerland, Russia, Turkey, Belgium, Netherlands, Rest Of Europe), Asia-Pacific (China, India, Japan, South Korea, Thailand, Australia, Vietnam, Malaysia, Indonesia, Philippines, Singapore, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Rest of South America), Middle East and Africa (South Africa, Qatar, Kuwait, Oman, Saudi Arabia, United Arab Emirates, Rest of Middle East and Africa).
As per Data Bridge Market Research analysis:
North America is the dominant region in the global coding and marking systems market during the forecast period 2023 - 2030
In 2023, North America dominated the global coding and marking systems market owing to the increase in the increasing use in many industries, such as automotive, pharmaceuticals, and others. North America will continue to dominate the global coding and marking systems market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is also due to the increasing government regulations on packaged products in the region.
Europe is estimated to be the fastest-growing region in the global coding and marking systems market during the forecast period 2023 - 2030
Europe is expected to grow during the forecast period due to the presence of major market players and an increasing number of end-user industries in the country. In addition to this, In addition to this, rising awareness among European citizens regarding coding and marking on the packaged product is expected to propel the market's growth rate in this region.
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