PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608236
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608236
Market Overview
The U.S. coding and marking consumables market is projected to generate $213.6 million in revenue in 2024, with an anticipated compound annual growth rate (CAGR) of 5.5% from 2024 to 2030, reaching $294.3 million by 2030. This growth is driven by the rapid expansion of industries, evolving consumer preferences, modifications in standard regulations, and the implementation of advanced technologies. Coding and marking processes, which involve imprinting information such as barcodes, batch codes, serial numbers, and expiry dates on products and packaging, are essential for product identification, tracking, regulatory compliance, and anti-counterfeiting measures.
Key Insights
The food and beverage industry is expected to be the largest end-user category, due to stringent regulatory requirements for product information and traceability.
The Midwest region holds the largest market share, attributed to its substantial manufacturing base and established industrial infrastructure.
The Southern region is anticipated to exhibit the fastest growth, with a CAGR of 6.2% from 2024 to 2030, driven by increasing industrial activities and investments in manufacturing facilities.
Advancements in anti-counterfeiting technologies, such as smart inks, security pigments, digital watermarks, serialization, holographic technologies, QR barcodes, DNA marking, chemical markers, hidden or micro-texts, RFID, and NFC tags, are significant trends enhancing product security and authenticity.
The market is consolidated, with key players focusing on technological innovations, strategic partnerships, and mergers and acquisitions to strengthen their market position and offer comprehensive coding and marking solutions.
The growing emphasis on regulatory compliance and product safety is driving the adoption of advanced coding and marking consumables across various industries, ensuring accurate product information and traceability.
The increasing demand for packaged goods and the expansion of the e-commerce sector are contributing to the rising need for efficient coding and marking solutions to manage inventory and supply chain operations effectively.
The development of eco-friendly and sustainable consumables is gaining traction, aligning with environmental regulations and corporate sustainability goals, thereby influencing purchasing decisions.