#codingandmarking

[nanditagorai]

The global coding and marking market is expected to reach USD 8.95 billion by 2027

The global coding and marking equipment market has witnessed significant transformations over the last decade, largely due to various innovations, regulatory standard modifications, growth of end-user industries, integration of automation in production, and the influx of vendors across geographies. Coding & marking solutions are handy for several reasons, such as product tracking & traceability, identification, and tackling counterfeiting. With the growth across end-user industries such as F&B, healthcare, chemicals & construction, electrical & electronics, and automotive, the increase in product proliferation has become common. This has further led to managing a diverse inventory range in the best possible manner.

The global coding and marking equipment market is growing at a steady pace worldwide. The CIJ technology dominated the market in 2021. Nevertheless, the increased popularity of TIJ and laser technologies give tough competition to CIJ technology. Also, laser and TIJ are competing worldwide.

Know more: https://www.arizton.com/market-reports/coding-and-marking-market-2024

[deepti-arizton]

Coding and Marking Market - Global Outlook and Forecast 2021-2026 - Arizton

THE GLOBAL CODING AND MARKING MARKET SIZE WAS VALUED AT USD 5 BILLION IN 2020 AND IS EXPECTED TO REACH USD 8 BILLION BY 2026, GROWING AT A CAGR OF 8% DURING 2020-2026.

GLOBAL CODING AND MARKING INDUSTRY INSIGHTS

The global coding and marking market size was valued at USD 5 billion in 2020 and is expected to reach USD 8 billion by 2026, growing at a compound average growth rate (CAGR) of 8% during 2020-2026. The demand has increased due to the steady rise in production across end-user industries and the growing need to compete in the global market. A key area of focus for vendors in the coding and marking industry is to stay abreast with the regulatory updates. Various policies and regulatory frameworks associated with the coding and marking up of products across regions play a crucial role in shaping the industry's growth.

Variations in the demand for coding and marking solutions have propelled the introduction of a diverse range of printing technologies. Key players in the industry today have a range of printing solutions and techniques to offer. The demand has varied across products such as beverage cans, bottles, engine chassis, and car interiors. This has pushed the need to install different printing techniques and a diverse range of printers suitable for different products. For instance, laser technology has witnessed a significant upswing as compared to the other traditional printing technologies such as Palm, TTO, and PIJ, among others.

KEY HIGHLIGHTS:

The technological developments in the packaging machinery market will contribute to the global coding and marking market growth.

The development of eco-friendly marking systems is one of the emerging industry trends in the market.

The CIJ coding technology to grow at a CAGR of over 7% during the forecast period.

The increasing requirement for food, vehicles, and medicines boosts the demand in the APAC & Latin America region.

The coding and marking industry in India is expected to grow at a CAGR of around 17% during 2020-2026.

Global coding and marking market vendors are well-positioned to drive the growth benefits in the healthcare industry.

Find out more about the market - https://www.arizton.com/market-reports/coding-and-marking-market-2024

[techpathway]

Are you planning to develop an on-demand coding app like SoloLearn? So first understand the development cost and tech stack, features that you must have in your application with this blog:- https://blog.techpathway.com/how-much-it-costs-to-develop-an-on-demand-app-like-sololearn/

For more information:- https://www.techpathway.com/