AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Coding and Marking Equipment market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Coding and Marking Equipment market to grow at a CAGR of %.
The Distribution Channel, such as Online, is boosting the Coding and Marking Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Coding and Marking Equipment market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Introduction of Innovative Products in the market, High Demand of coded products from Pharmaceutical, Cosmetic, Food and Beverage Industry and Increased Need for Product Identification and Brand Protection.
Coding and Marking Equipment are the equipment which is used to print information and data on the products. These Equipment print product-specific details on the product so that the end-users and manufacturers get accurate information and brand of the product. As per rule, all kinds of the product should be marked and printed and these include the printing of manufacturing dates, expiry dates, size of the package and lot among other details. They add a unique printed mark on the product in order to ensure their security and tracking. Coding and Marking Equipment helps the manufactures or end –users to reduce the risk of counterfeiting (fake and unauthorized replicas) and to maintain the branding of the product among other ends –users. The importance of keeping the product safe and sound makes the market of Coding and marking equipment to grow overall the globe
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Coding and Marking Equipment market by Type (Inkjet Printers, Laser Printers, Thermal Transfer Overprinting Printers and Others), by Application (Food and Beverage, Pharmaceutical and Healthcare, Construction and Chemicals, Electronics and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market