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The coding and marking market is projected to reach values of over $7 billion by 2024NEW YORK, July 16, 2019 /PRNewswire/ -- The healthcare industry has remained a key end-user for the coding and marking solutions due to the high applicability for several devices and drugs. Also, healthcare spending worldwide is expected to grow at an annual rate of more than 5% during the period 2018–2022. Developed economies are further set to experience an increase in per-person spending on healthcare. Market Segmentation by Technology • Primary Package Coding o CIJ o Laser o TIJ o TTO • Secondary and Tertiary Packaging Coding o VIJ o PALM o PIJ Market Segmentation by Product Mix • Equipment • Consumables • Spare Parts and Aftermarket Market Segmentation by End-user Industries • Chemicals & Construction • Food & Beverage • Electrical & Electronics • Healthcare • Automotive and aerospace • Others Coding and Marking Market: Geography The global coding and marking market is diversified across North America, APAC, Europe, Latin America, and MEA. In 2018, the APAC region dominated the market due to high demand for coding and marking equipment by several end-users. The development of innovative, flexible packaging designs in developing countries such as Japan, South Korea, China, Indonesia, and India is driving the growth of the APAC region in the market. Legislation and industry mandates have driven the coding and marking market in North America and Western Europe. The Harmonized Commodity Description and Coding System has increased the global demand for coding equipment. The coding and marking market in MEA is witnessing high growth, particularly in African countries, where the demand for consumer durables is increasing rapidly. Africa is one of the emerging and fastest growing economies globally. Western Africa has been increasing than southern countries of Africa. Also, the growth of the industry is governed by the expansion of the entire packaging industry. Market Segmentation by Geography • APAC o China o India o Japan o Australia o Singapore • Central & Eastern Europe o Turkey o Poland • Latin America o Brazil o Mexico o Argentina • North America o US o Canada • Western Europe o Italy o Germany o France o UK o Spain o Benelux o Scandinavia • Middle East & Africa o UAE o Saudi Arabia o Iran o Nigeria o South Africa Key Vendor Analysis The competitive scenario in the coding and marking market is intensifying. Market leaders are providing high-quality products with additional features such as RFID system, QR codes required to enhance the performance of the product, while local vendors are providing less expensive product equipped with basic features. Further, the market is witnessing consolidation as small entities are getting acquired or merged with major players. Global and local vendors are competing, especially in terms of features such as quality, technology, and pricing. Major Vendors • Danaher • Dover • Brother Industries • Hitachi Industrial Equipment Systems • ITW Prominent Players • ANSER Coding • Beijing Hi-Pack Coding • Control Print • EBS ElektronischeBeschriftungs-Systeme • Guangzhou EC-Pack Packaging Equipment • Iconotech • ID Technology • InkJet • KEYENCE • Koenig & Bauer Coding • Laserax • Macsa ID • Matthews International • Paul Leibinger • REA Elektronik • SATO Holdings • Squid Ink • Universal Labeling Systems • Weber Marking Systems • Xaar • Zanasi Key market insights include • Offers comprehensive insights into current industry trends, trend forecast, and growth drivers in the global market. • Provides the latest analysis of market share, growth drivers, challenges, and investment opportunities. • Includes a complete overview of market segments and the regional outlook of the global market. • Offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage. Read the full report: https://www.reportlinker.com/p05796156/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-coding-and-marking-market-is-projected-to-reach-values-of-over-7-billion-by-2024-300885988.html SOURCE Reportlinker |