Stratview Research has recently published a report on the Coding and Marking Equipment Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
The report on the market is segmented By Technology (CIJ Printing and Coding, Laser Coding and Marking, TIJ Printing, DOD Printing, Others), End User (Food and Beverage, Healthcare, Industrial, Others), and Region.
Coding and Marking Equipment Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Coding and Marking Equipment Market was projected to grow from USD 15.07 Billion in 2021 to USD 22.07 Billion by 2028 at a CAGR of around 5.55% during the forecast period.
What is coding and marking equipment?
A coding and marking equipment is a machine that is designed for marking bottles, glass jars, beverage cans, and plastic bottles among others. It can be made using various technologies including CIJ printing and coding, laser coding and marking, TIJ printing, and DOD printing among others.
Some of the companies drive the market growth:
- Danaher Corporation (The U.S),
- Domino Printing Sciences PLC (UK),
- Dover Corporation (The U.S),
- Hitachi, Ltd (Japan),
- Inkjet Inc. (The U.S),
- Matthews International Corporation (The U.S),
- Paul Leibinger GmbH & Co. KG (Germany),
- Pro Mach, Inc. (The U.S),
- REA Elektronik GmbH (Germany), and
- SATO Holdings Corporation (Japan).
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Segment Analysis
Application Trends
The market has been bifurcated into food and beverage, healthcare, industrial, and others. Under these, the food & beverage segment held more than 30.3% market share in 2021 and is projected to register significant growth during the review period. The segment growth can be attributed to the significant growth of the food & beverage industry globally.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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