Coding and Marking Market Set to Soar, Over $4 Billion Opportunities with F&B Industry Driving Over 50% of the Demand- Arizton

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Jun 07, 2023, 14:55 ET

CHICAGO, June 7, 2023 /PRNewswire/ -- According to Arizton's latest research report, the coding and marking market will grow at a CAGR of 8.74% during 2022-2028.

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Coding and Marking Market Report by Arizton

The coding and marking market is expected to witness intense competition with increasing manufacturers in the F&B industry and other end-user industries. However, the major challenge that the market faces is the rapid adoption of technological developments to meet end-user requirements. This is because the end-use industries have brought products to market and launched the product rapidly. Hence, coding and marking vendors are required to deliver technologies fast without impacting the quality of their long-term planning.

The advent of Industry 4.0 is expected to boost quality, efficiency, and productivity along the value chain. Data exchange and automation are the key trends in Industry 4.0, and the same applies to the coding and marking market. Coding and marking vendors have slowly experienced the need to integrate systems, machines, and processes during factory production stages. Moreover, end-use industries are expected to demand machines to prevent downtime, pinpoint issues, and avert problems. This might pose a huge challenge for smaller vendors and new entrants.

Increasing Demand for Coding and Marking Solutions Driven by Evolving Trends in the F&B Industry

The global F&B industry is witnessing a significant reliance on coding and marking solutions, leading to a surge in demand for appropriate technologies. This trend is fueled by new potential markets worldwide and the proliferation of stock-keeping units (SKUs) driven by consumer spending patterns.

One of the key factors contributing to the growing demand for coding and marking solutions is the rising popularity of organic and healthy food products, particularly among the Gen Z and millennial populations. The younger demographic's focus on healthy eating and fitness has prompted F&B companies to launch innovative ready-to-eat food options. More than 65% of consumers in the United States prioritize socially conscious and healthy food products. Additionally, there is increased scrutiny from government and regulatory bodies regarding product packaging, leading to stricter coding, marking, and labeling requirements.

Coding and marking solutions ensure product traceability and compliance with government mandates. Coding is essential across the entire F&B supply chain, from primary to secondary packaging. Companies operating in the F&B industry increasingly recognize the importance of accurate coding and marking for healthy food products to meet regulatory guidelines.

As a result of these evolving trends, the demand for coding and marking solutions is expected to witness substantial growth in the forecast period. F&B companies actively seek technologies that enable them to meet consumer demands for transparency, safety, and traceability in product packaging.

Hence, the F&B industry's focus on organic and healthy food products and increasing government regulations is driving the demand for coding and marking solutions. The ability to accurately code and mark products throughout the supply chain is becoming crucial for companies operating in this sector. As the industry continues to evolve, coding and marking technologies will play an integral role in meeting consumer expectations and regulatory requirements.

Coding And Marking Market Report Scope

Report Attributes	Details
Market Size (2028)	USD 9.88 Billion
Market Size (2022)	USD 5.98 Billion
CAGR (2022-2028)	8.74 %
Historic Year	2018-2021
Base Year	2022
Forecast Year	2023-2028
Market Segmentation	Technology, End-Users, Product Mix, and Geography
Geographic Analysis	North America, Europe, APAC, Latin America, and Middle East & Africa
Market Dynamics	The Rising Demand for Traceability by End Users Significant Rise in Flexible Packaging The Increasing Demand for Processed & Packaged Food Rising Applications Across End-user Industries Increasing Regulatory Compliance The Rising Demand from Healthcare Industry

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Key Highlights

Almost 50% of the demand for coding and marking arises from the F&B industry. The various segments of the F&B industry are essential food items that generate demand in all seasons.
International coding vendors must differentiate their products through additional services and support to sustain themselves in this competitive business environment.
CIJ technology will continue to dominate the coding and marking market. However, TIJ, TTO, PALM, and laser technologies will witness above-average growth rates during the forecast period.
Industry trade platforms, such as trade shows, events, webinars, conferences, and exhibitions, are key opportunities for vendors to showcase their offerings and interact with customers globally.
Collaborating with end-user industries to deliver customized solutions is key to success for market vendors.

Trade Platforms Fuel Growth and Innovation in the Coding and Marking Market: Exhibitions and Expos Provide Opportunities for Vendors

In the fast-paced world of coding and marking solutions, vendors are constantly introducing new and improved products to meet market demands. However, despite their innovative offerings, these vendors often struggle to capture customer attention and generate demand. The global coding and marking market is turning towards trade platforms catering to this industry and its associated sectors to maximize their revenues.

Exhibitions, expos, and trade platforms have become vital for vendors in the coding and marking market to showcase their products and services to potential customers. These events provide an opportunity to connect with industry decision-makers, influencers, and end-users, creating valuable exposure and generating business leads. Moreover, participating in these platforms allows vendors to stay updated on the latest trends and innovations in the industry.

The significance of leveraging trade platforms in the coding and marking market stems from the need for networking and collaboration. By engaging with other players in the industry, vendors can explore partnerships, collaborations, and other business opportunities that drive growth and foster innovation. These interactions facilitate knowledge exchange and open doors to potential synergies and advancements in the field.

Hence, trade platforms, such as exhibitions and expos, are crucial in driving growth and innovation in the coding and marking market. Vendors recognize the importance of showcasing their offerings, networking with industry peers, and staying current with market trends. By actively participating in these events, vendors can maximize their potential for success in an increasingly competitive market landscape.

Packaging Industry Post Covid-19 Scenario

The post-pandemic packaging industry has witnessed a huge demand for packaging designs. Consumers shifted towards sustainability packaging with strong narratives. This is revamping the packaging sector. Earlier, people were price-conscious, but the focus shifted toward hygiene and safety. Government bodies may strengthen the requirements related to food packaging & processing to ensure safe food provides to consumers. Consumers are now willing to pay more for all-around packaging, which provides safety and hygiene.

Due to such factors post-Covid-19, consumers are increasingly interested in the information and data available on the products' packaging, quality, origin of the raw material, health claims, and about disposing of the packaging. A huge increase in demand for e-commerce creates vast opportunities for the packaging industry. Buying groceries online is also a trend that is significantly booming the packaging sector, and after some time, buying everything online will be a preferred mode for consumers. Hence, this will boost the demand for packaging, increase the development of anti-counterfeit solutions in packaging, and contribute to the coding and marking market growth.

Key Company Profiles

Danaher
Dover
Brother Industries
Hitachi Industrial Equipment & Solutions
ITW Diagraph
ANSER Coding
ATD UK
Beijing Hi-Pack Coding
Control Print
EBS Inkjet Systems
Guangzhou EC-Pack Packaging Equipment
Iconotech
ID Technology
InkJet
KGK Jet
KEYENCE
Koenig & Bauer Coding
Kortho Coding & Marking
Laserax
Leibinger Group
Macsa ID
Matthews International
REA Elektronik
SATO Holdings
Squid Ink
Weber Marking Systems
Xaar
Zanasi

Market Segmentation

Technology

CIJ Technology
Laser Technology
Palm Technology
TTO Technology
PIJ Technology
VIJ Technology
TIJ Technology

End-Users

F&B
Healthcare
Electrical & Electronics
Chemicals & Construction
Automotive & Aerospace
Others

Product Mix

Consumables
Equipment
Spare Parts & Aftermarket

Geography

APAC

China
Japan
India
Australia
Singapore

North America

The US
Canada

Western Europe

Germany
France
The UK
Italy
Spain
Benelux
Scandinavia

Latin America

Brazil
Mexico
Argentina

Middle East & Africa

South Africa
Iran
Nigeria
Saudi Arabia
The UAE

Central & Eastern Europe

Turkey
Poland

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Table of Content

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET SEGMENTATION BY TECHNOLOGY

4.3.2 MARKET SEGMENTATION BY END USER

4.3.3 MARKET SEGMENTATION BY PRODUCT MIX

4.3.4 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

7.1 MARKET DEFINITION

7.2 REPORT OVERVIEW

7.3 PACKAGING INDUSTRY POST COVID-19 SCENARIO

7.4 OPPORTUNITIES & CHALLENGE ANALYSIS

7.5 SEGMENT ANALYSIS

7.6 GEOGRAPHICAL ANALYSIS

7.7 COMPETITIVE LANDSCAPE

7.8 FREQUENTLY ASKED QUESTIONS

8 INTRODUCTION

8.1 OVERVIEW

8.1.1 F&B INDUSTRY DRIVING MARKET GROWTH

8.1.2 ADVENT OF POUCHES

8.1.3 RISK FACTORS

8.2 PACKAGING INDUSTRY HIGHLIGHTS

8.2.1 PACKAGING SECTOR 2020

8.2.2 PACKAGING SECTOR POST COVID-19 SCENARIO

8.2.3 MEGA TRENDS

8.3 INDUSTRY Q&A

8.3.1 WHAT ARE THE MAJOR TRENDS IN THE CODING AND MARKING MARKET FROM THE END-USERS' POINT OF VIEW?

8.3.2 WHAT ARE THE RECENT TRENDS IN THE PACKAGING INDUSTRY?

8.3.3 WHAT ARE THE BIGGEST POTENTIAL OR CHALLENGES REGARDING THE INTRODUCTION OF INDUSTRY 4.0?

8.3.4 WHICH END-USER INDUSTRY OR REGION HAS THE HIGHEST GROWTH POTENTIAL?

8.3.5 WHAT WERE THE KEY MARKETS SHOWING GROWTH IN 2022?

8.3.6 WHAT WILL BE THE ROLE OF FOOD PACKAGING TECHNOLOGY?

8.4 PEST ANALYSIS

8.4.1 POLITICAL FACTORS

8.4.2 ECONOMIC FACTORS

8.4.3 SOCIAL FACTORS

8.4.4 TECHNOLOGICAL FACTORS

8.5 VALUE CHAIN ANALYSIS

8.5.1 RAW MATERIALS

8.5.2 MANUFACTURERS

8.5.3 DISTRIBUTORS/DEALERS

8.5.4 RETAILERS

8.5.5 END-USERS

9 MARKET OPPORTUNITIES & TRENDS

9.1 LEVERAGING EXHIBITIONS, EXPOS & TRADE PLATFORMS

9.2 GROWING DEMAND FOR LASER CODING

9.3 ADVENT OF INDUSTRY 4.O

9.4 EVOLVING SECONDARY PACKAGING MARKET

9.5 INNOVATIVE CONSUMABLE OFFERINGS

9.6 GROWING ADOPTION OF AUTOMATION & ROBOTICS

10 MARKET GROWTH ENABLERS

10.1 RISING DEMAND FOR TRACEABILITY BY END USERS

10.2 SIGNIFICANT RISE IN FLEXIBLE PACKAGING

10.3 INCREASING DEMAND FOR PROCESSED & PACKAGED FOOD

10.4 RISING APPLICATIONS ACROSS END-USER INDUSTRIES

10.5 INCREASING REGULATORY COMPLIANCE

10.6 RISING DEMAND FROM HEALTHCARE INDUSTRY

11 MARKET RESTRAINTS

11.1 INCREASING COUNTERFEITING OF PRODUCTS

11.2 OPERATIONAL ERRORS & HIGH COST

11.3 LIMITED AVAILABILITY OF SKILLED LABOR & HIGH LABOR COST

11.4 TRADE CONFLICTS BETWEEN US & CHINA

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 TYPES OF PACKAGING

12.2.1 PRIMARY PACKAGING

12.2.2 SECONDARY PACKAGING

12.2.3 TERTIARY PACKAGING

12.3 KEY INSIGHTS

12.4 GEOGRAPHIC INSIGHTS

12.5 MATERIAL INSIGHTS

12.5.1 PLASTIC

12.5.2 PAPER & CARDBOARD

12.5.3 PAPER & CARDBOARD INDUSTRY INSIGHTS

12.5.4 METALS

12.5.5 OTHER APPLICATIONS

12.6 SWOT ANALYSIS

12.7 HISTORICAL DATA

12.8 MARKET SIZE & FORECAST (2022-2028)

12.9 MARKET SIZE & FORECAST (2018-2028)

12.10 MARKET BY GEOGRAPHY

12.10.1 MARKET SIZE & FORECAST

12.11 MARKET BY TECHNOLOGY

12.11.1 MARKET SIZE & FORECAST

12.12 MARKET BY END-USER

12.12.1 MARKET SIZE & FORECAST

12.13 MARKET BY PRODUCT MIX

12.13.1 MARKET SIZE & FORECAST

12.14 FIVE FORCES ANALYSIS

12.14.1 THREAT OF NEW ENTRANTS

12.14.2 BARGAINING POWER OF SUPPLIERS

12.14.3 BARGAINING POWER OF BUYERS

12.14.4 THREAT OF SUBSTITUTES

12.14.5 COMPETITIVE RIVALRY

Check the Detailed Table of Contents of the Report @ https://www.arizton.com/market-reports/coding-and-marking-market-2024?details=tableOfContents

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