Coding & Marking Equipment Market by Technology, Component, Surface, Industry

Description

List of Tables

[180 Pages Report] The Coding & Marking Equipment Market size was estimated at USD 21.34 billion in 2023 and expected to reach USD 23.14 billion in 2024, at a CAGR 9.24% to reach USD 39.63 billion by 2030.

Coding & marking equipment imprint key information on packaging or individual products. This information includes unique identification data, manufacturing dates, batch numbers, expiration dates, and barcodes. The automatic nature of this process aids in reducing human errors, saving time and cost, and increasing overall operational efficiency. The crucial growth driver is the increasing government laws and regulations mandating unique identification for the accountability and safety of products across industries. Furthermore, the packaging sectors of the food & beverage industry use coding & marking equipment to print nutrition facts, ingredients, production and expiration dates, and barcodes on the packaging of the food & beverage products. The utilization of coding & marking in the food & beverage sectors is driving the market growth. In contrast, the installation and maintenance of equipment are relatively higher costs, and customization and functional issues associated with coding & marking techniques impede the trajectory of the market growth. However, vendors are focusing and investing in R&D to overcome these issues. Technological advancements in coding & marking equipment are creating higher efficiency, accuracy, and versatility, and innovation in the R&D of reliable ink formulations and encouraging further market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 21.34 billion
Estimated Year [2024]	USD 23.14 billion
Forecast Year [2030]	USD 39.63 billion
CAGR (%)	9.24%

Technology: Expanding acceptance of laser coding & marking in industries requiring precise product labeling

Continuous inkjet (CIJ) printing technology expels ink from the print nozzles in a continuous, steady pattern. CIJ technology has widespread acceptance within manufacturing sectors such as food & beverage, pharmaceutical, and cosmetic industries. It offers high-speed, non-contact printing, capable of producing high-quality prints on various materials. Drop-on-demand (DOD) printing technology works by extruding small ink droplets, one drop at a time, and each drop is accurately placed onto the substrate. DOD printing technology has gained momentum due to its high resolution and ability to mark large print areas. Laser coding involves the use of laser coding & marking methods such as ablation, engraving, and etching to inscribe codes on an object. Laser coding & marking are highly sought-after in industries seeking precision, high durability, and permanence. It eliminates the need for consumables, thus making it more cost-effective. Thermal inkjet (TIJ) printing technology utilizes ink cartridge-based systems to apply traceability information onto packaging and products such as text, logos, 2D codes, and barcodes. TIJ printing technology can help reduce production and operational costs by printing directly onto packaging and cases, thereby removing the need for labels. Additionally, some thermal inkjet printing technology can be equipped with dual firing chambers, further reducing errors, maximizing equipment uptime, and reducing wastage.

Component: Rising innovations in the software component of coding and marking equipment

Consumables are comprised of inks, additives, cleaners, and ribbons used in coding & marking equipment. Inks and paint consumables can include solvent-based, water-based, UV-curable, and pigmented inks. Other consumables for coding & marking equipment include solvents and thermal tapes. The need-based preference for consumables leans toward high-quality products that can withstand various operation conditions while delivering optimal performance. Hardware comprises physical components of coding & marking equipment such as print engine and controller. The primary hardware components of a continuous inkjet printer (CIJ) include a high-pressure pump. Thermal inkjet printer (TIJ) uses heat to generate ink droplets, and the main hardware includes a printhead, ink reservoir, and nozzle. Major hardware components for laser printers include a laser beam, whereas piezo inkjet printer utilizes piezoelectric crystal and a nozzle. Software in coding & marking equipment includes crucial components responsible for managing and controlling the operational aspects of coding and marking equipment. Business needs for software of coding & marking equipment center on flexibility, scalability, and ease of integration with existing systems.

Surface: Growing usage of coding & marking equipment on plastic & cardboard surfaces

Coding & marking equipment is used to print on ceramic surfaces during the production of artisanal products and industrial components. The high durability of ceramics necessitates using robust coding & marking equipment specially designed to withstand high temperatures and friction. The glass surfaces, found commonly in the beverage and pharmaceutical industry, employ laser and inkjet coding & marking systems. Organic surfaces cover various items, including fruits, vegetables, and eggs, and the coding & marking system adheres to strict regulations for food safety and sustainability. Paper & cardboard constitute ubiquitous surfaces in the packaging, respectively. Efficient, high-capacity, and economical coding & marking systems are widespread owing to the diverse variety and the high volume of these products. The use of plastic requires coding & marking systems to handle the unique challenges of varied plastic surfaces. The effectiveness depends on the type of plastic, its color, and temperature resistance, among other factors. Rubber surfaces, utilized in industries such as automotive and aerospace, have specific coding requirements based on their elasticity. Durable, resilient marking systems are often deployed to ensure long-lasting, high-quality coding. The coding & marking systems offer precise marking under all conditions on steel surfaces, as steel surfaces are robust and have high endurance. Stone surfaces usually require marking for identification and aesthetic purposes. The hardness of the stone indicates that coding & marking systems need to be powerful yet precise, preventing any damage to the surface structure. The textile industry utilizes heat-transfer markers due to their reliability and print quality. Wood requires similar considerations, with an additional need for environmental friendliness given the nature of the material. Coding & marking on paper & cardboard surfaces are usually easy to print and less costly, driving their use in sectors demanding high output rates.

Industry: Significant role of coding & marking equipment in the pharmaceutical industry owing to track & trace of medical products

The automotive & transportation industry utilizes coding & marking equipment to ensure crucial traceability data on parts and products. The electrical & electronics industry leans more toward coding & marking technology due to the sector's sensitive components that demand precision and the need to imprint small yet legible codes. The food & beverage industry requires coding & marking equipment for essential traceability and tighter quality control. Metal processing heavily leans on laser and dot peen marking technologies. Coding & marking equipment in this vertical is chiefly used for traceability and brand visibility. In the personal care & cosmetics industry, these devices play a significant role in counterfeit prevention, brand protection, and regulatory compliance. The pharmaceuticals & medical devices industry underscores the need for precise, permanent, high-quality codes for traceability, counterfeit prevention, and regulatory compliance. In comparison, the automotive & transportation industry stands out for its high demand for durable and robust coding & marking equipment. Furthermore, the pharmaceuticals & medical devices industry needs accurate, traceable marking in line with regulations.

Regional Insights

The demand for coding & marking equipment in the Americas region is particularly driven by the United States and Canada, which are characterized by the presence of a substantial number of major players in this sector. Furthermore, the region has observed increased utilization of coding & marking equipment in the food & beverage industry for accurate product labeling. The adoption of technologically advanced equipment and solutions, such as laser-based marking systems and inkjet printers, has marked significant growth in the region. In the European Union, diverse sectors such as food & beverages, cosmetics, pharmaceuticals, and automotive industries drive the demand for coding & marking equipment. European consumers place a high emphasis on product traceability and stringent safety regulations, fostering investment in advanced coding technologies. Rapid industrialization, particularly in APAC countries such as China and India, has instigated the need for coding & marking equipment. The increasing consumer awareness regarding product authenticity and the growing eCommerce sector are the major factors driving demand in this region. The position of APAC as a manufacturing hub presents significant opportunities for the adoption of coding & marking systems, which has led to multiple partnerships and collaborations among key players.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Coding & Marking Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Coding & Marking Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Coding & Marking Equipment Market, highlighting leading vendors and their innovative profiles. These include Applied Technology Developments Ltd., Beijing Hi-Pack Coding Ltd., Control Print Limited, Danaher Corporation, Domino Printing Sciences PLC, Dover Corporation, Durable Technologies, Engage Technologies Corporation, Geo. T. Schmidt, Inc., Guangzhou EC-PACK Packaging Equipment Co.,Ltd., Guangzhou Sunine Intelligent Technology Co., Ltd., Han's Laser Technology Industry Group Co., Ltd, Hitachi, Ltd., HSA Systems A/S, Illinois Tool Works Inc., InkJet, Inc., Keyence Corporation, Kishu Giken Kogyo Co., Ltd., Koenig & Bauer AG, Loftware, Inc., Macsa ID, S.A., Matthews Marking Systems, MECCO, Numeric Inkjet Technologies Pvt. Ltd., Open Date Equipment Ltd., Paul Leibinger GmbH & Co. KG, ProMach Inc., REA Elektronik GmbH, Rotech Machines Limited, RYNAN Technologies, TRUMPF SE + Co. KG, and TYKMA Electrox, Inc. by 600 Group PLC.

Market Segmentation & Coverage

This research report categorizes the Coding & Marking Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
- CIJ Printing & Coding
- DOD Printing
- Laser Coding & Marking
- TIJ Printing

Component
- Consumables
  - Ink & Paints
  - Solvent
  - Thermal Tapes

Hardware
- Continuous Inkjet Printer
- Laser Printer
- Piezo Inkjet Printer
- Thermal Inkjet Printer

Software

Surface
- Ceramic
- Glass
- Organic Surfaces
- Paper & Cardboard
- Plastic
- Rubber
- Steel
- Stone
- Textiles
- Wood

Industry
- Automotive & Transportation
- Electrical & Electronics
- Food & Beverage
- Metal Processing
- Personal Care & Cosmetics
- Pharmaceuticals & Medical Devices

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Coding & Marking Equipment Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Coding & Marking Equipment Market?

3. What are the technology trends and regulatory frameworks in the Coding & Marking Equipment Market?

4. What is the market share of the leading vendors in the Coding & Marking Equipment Market?

5. Which modes and strategic moves are suitable for entering the Coding & Marking Equipment Market?

Product Code: MRR-3A2E844FDD9D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Exponential growth in packaging sectors of food & beverage industry
  - 5.1.1.2. Government laws and regulations associated with labeling of products
  - 5.1.1.3. Significant importance of coding & marking to improve supply chain visibility
- 5.1.2. Restraints
  - 5.1.2.1. High cost of installation and maintenance of coding & marking equipment
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in coding & marking equipment
  - 5.1.3.2. Innovation in the R&D of reliable ink formulations
- 5.1.4. Challenges
  - 5.1.4.1. Customization and functional issues of coding & marking techniques
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Expanding acceptance of laser coding & marking in industries requiring precise product labeling
- 5.2.2. Component: Rising innovations in the software component of coding and marking equipment
- 5.2.3. Surface: Growing usage of coding & marking equipment on plastic & cardboard surfaces
- 5.2.4. Industry: Significant role of coding & marking equipment in the pharmaceutical industry owing to track & trace of medical products
5.3. Market Trend Analysis
- 5.3.1. Expanding introduction of advanced coding & marking equipment with government support for printing technologies in the Americas
- 5.3.2. Growing availability of standards & guidelines for labeling of various products in Asia-Pacific region
- 5.3.3. Rising availability of eco-friendly printers expanding the scope of coding & marking equipment in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Coding & Marking Equipment Market, by Technology

6.1. Introduction
6.2. CIJ Printing & Coding
6.3. DOD Printing
6.4. Laser Coding & Marking
6.5. TIJ Printing

7. Coding & Marking Equipment Market, by Component

7.1. Introduction
7.2. Consumables
7.3. Hardware
7.4. Software

8. Coding & Marking Equipment Market, by Surface

8.1. Introduction
8.2. Ceramic
8.3. Glass
8.4. Organic Surfaces
8.5. Paper & Cardboard
8.6. Plastic
8.7. Rubber
8.8. Steel
8.9. Stone
8.10. Textiles
8.11. Wood

9. Coding & Marking Equipment Market, by Industry

9.1. Introduction
9.2. Automotive & Transportation
9.3. Electrical & Electronics
9.4. Food & Beverage
9.5. Metal Processing
9.6. Personal Care & Cosmetics
9.7. Pharmaceuticals & Medical Devices

10. Americas Coding & Marking Equipment Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Coding & Marking Equipment Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Coding & Marking Equipment Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Domino Printing Sciences New Vx-Series Printers Increase Efficiency in Flow Wrap Applications
- 13.3.2. Domino Printing Sciences Opens New Subsidiary in Indonesia
- 13.3.3. Domino Sets ut Digital Strategy With Cloud and QR Codes
- 13.3.4. Laser Engraving 2D Codes with Machines from TYKMA Electrox
- 13.3.5. Markem-Imaje Launches Advanced Printers to Address Challenging Coding Applications
- 13.3.6. Spark, the New Revolution in Packaging Lasers by Macsa ID
- 13.3.7. Markem-Imaje Introduces a Market-First Continuous Inkjet Printer
- 13.3.8. Control Print, V-Shapes Enters Into a Partnership
- 13.3.9. Hitachi Industrial Equipment Systems Acquires Telesis Technologies to Strengthen Marking Equipment Business
- 13.3.10. Videojet, Loftware Announce Strategic Partnership to Accelerate Labeling, Marking, and Coding Automation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio