Coding and Marking Systems Market Latest Trends and Business Scenario 2030

1. Coding and Marking Systems Market to cross $7,469.6 million by 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. As per the Automotive Aftermarket Suppliers Association (AASA), the global automobile industry loses nearly $12.0 billion every year due to sales of counterfeit products, such as compression systems, lighting systems, steering linkages, suspension components, brake pads, and batteries. To combat this financial loss, vehicle manufacturers are increasingly using coding and marking systems to code part numbers or put anti-counterfeit labels on vehicle parts. Automobile manufacturers are currently opting for invisible yet scannable anti- counterfeiting printing inks and barcodes to combat the threat of counterfeits. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/coding-and-marking- market/report-sample Apart from the automobile sector, the food and beverages industry is also using coding and marking systems in abundance, due to the burgeoning sales of bottled water, packaged food, dairy products, and fruit juices. Thus, the booming demand for such food items is expected to fuel the coding and marking systems market at CAGR of 6.4% during 2020–2030. According to P&S Intelligence, the market revenue stood at $3,832.4 million in 2019, and it is projected to reach $7,469.6 million by 2030. Additionally, the rising demand for pharmaceutical packaging, primarily on account of the escalating awareness among manufacturers on the advantages of citing drug information on the packaging and increasing penetration of special and blister packaging in the industry, is creating a huge requirement for coding and marking systems. Furthermore, the electrical and electronics, chemicals, and aerospace sectors are using such systems to print and mark their metal, plastic, paper, and cardboard materials, products, and components. 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. Nowadays, the end-use industries have been largely focusing on using environment- friendly coding technologies to protect the environment from the detrimental effects of the hazardous solvents, such as methyl ethyl ketone (MEK), used in printing materials. A shift from such hazardous solvents toward environment-friendly ones helps in reducing volatile organic compound (VOCs) emission and preventing smearing. As the printing materials used in these systems are governed by the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) committee and the Restriction of Hazardous Substances Directive (RoHS), manufacturers of such systems are also focusing on dealing with the odor issue associated with printing consumables. Make an Enquiry before Purchase: https://www.psmarketresearch.com/send- enquiry?enquiry-url=coding-and-marking-market The surging requirement for environment-friendly coding and marking systems and associated consumables is being met by Dover Corporation, ID Technology LLC, Danaher Corporation, Hitachi Ltd., ATD Ltd., Overprint Packaging Ltd., Domino Printing Sciences plc, Diagraph Group, Matthews International Corporation, and Inkjet Inc. The rising emphasis of these companies on expanding their portfolio has led to the widening of their customer base. At present, these companies provide continuous inkjet, thermal inkjet, thermal transfer overprinting, drop-on-demand, laser coding and marking, and print and apply labeling technologies to their clientele. Geographically, Asia-Pacific (APAC) dominated the coding and marking systems market in the recent past, and it is expected to retain its position in the coming years as well. This can be credited to the rising food production, toughening government regulations regarding printing materials, and surging export of packaged food items from the region. Moreover, the soaring penetration of piracy and counterfeiting in most of the industries of APAC will fuel the adoption of coding and marking systems in the forthcoming years. Thus, the booming demand for packaged food items and beverages and increasing penetration of counterfeit automotive parts will amplify the usage of coding and marking systems in the foreseeable future. 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. Market Segmentation The research offers market size of the Global Coding and Marking Systems Market for the period 2014–2030. ➢Market Segmentation by Technology •Continuous Inkjet •Thermal Transfer Overprinting •Thermal Inkjet •Drop on Demand •Print & Apply Labeling •Laser Coding & Marking oDirect part marking (DPM) oLaser coding •Others ➢Market Segmentation by Material •Paper & Cardboard •Plastic •Metal •Others ➢Market Segmentation by End User •Food & Beverages •Electrical & Electronics •Automotive & Aerospace •Chemicals •Healthcare •Others ➢Market Segmentation by Region •North America Coding and Marking Systems Market oBy technology 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

5. oBy material oBy end user oBy country – U.S. and Canada •Europe Coding and Marking Systems Market oBy technology oBy material oBy end user oBy country – Germany, U.K., France, Italy, and Rest of Europe •Asia-Pacific (APAC) Coding and Marking Systems Market oBy technology oBy material oBy end user oBy country – China, India, Japan, South Korea, and Rest of APAC •Latin America (LATAM) Coding and Marking Systems Market oBy technology oBy material oBy end user oBy country – Brazil, Mexico, and Rest of LATAM •Middle East & Africa (MEA) Coding and Marking Systems Market oBy technology oBy material oBy end user oBy country – Turkey, Saudi Arabia, South Africa, and Rest of MEA 5 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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