U.S. Coding & Marking Systems Market (2018-2023) by Technology and End-User - Growing Focus on Product Traceability & Anti-Counterfeiting
DUBLIN, July 31, 2018 /PRNewswire/ --
The "U.S. Coding and Marking Systems Market by Technology, by End User -Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.
U.S. coding and marking systems market is projected to reach $860.6 million by 2023, according to research. The market growth is mainly driven by increasing demand of coding and marking systems from the automotive industry.
On the basis of technology, the U.S. coding and marking systems market is segmented into continuous inkjet, thermal transfer overprinting (TTO), thermal ink jet, drop on demand (DoD), print and apply labelers, laser coding and marking. Of these, laser coding and marking is the fastest growing category in the market, with respective volume and value CAGRs of 7.9% and 8.7% during the forecast period. Laser coding printers provide readable text, graphics, and serial numbers along with 2D codes on different packaging cartons, metal, plastics, and flexible packaging, with the highest quality. These properties lead to surge in their demand in the market.
On the basis of end user, the U.S. coding and marking systems market is segmented into food and beverage, electrical and electronics, automotive and aerospace, chemical, healthcare, and others. Of these, food and beverage was the largest end user category, with respective volume and value contributions exceeding 45% and 40% in 2017. Stringent government regulations in the country regarding safety and traceability have mandated the proper labeling of manufacturing date, nutrition facts, ingredient list, and manufacturer details on the primary or secondary packages of food and beverage items; thereby leading to the market growth.
In the U.S., boost in the manufacturing sector owing to stable macroeconomic outlook and decrease in the cost of managing the supply chain owing to vertical integration by leading players are also fueling the growth of the U.S. coding and marking systems market. For example, Dover corporation achieved more than 3% growth in printing and identification platform during the fourth quarter of 2017. Additionally, the growing intervention of government agencies such as FDA to put detailed product and manufacturer information on primary and secondary packages of food and beverage and drugs is pushing the growth of the market in the country.
Growing focus on product traceability and anti-counterfeiting is expected to provide growth opportunities in the market
Coding and marking technology has a potential to provide a new level of visibility and tracking to the supply chain. It enables manufacturers to audit and enforce anti-counterfeit and diversion activities throughout the supply chain. For example, smart coding includes a permanent batch code on the product, where it takes a basic batch code further by altering specific characters in the code, making it difficult to be imitated by unauthorized parties. Increasing awareness among manufacturers regarding counterfeiting is creating immense opportunities for the industry players operating in the U.S. coding and marking systems market.
Key Topics Covered
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Technology
1.3.2 Market Segmentation By End User
1.3.3 Analysis Period
1.3.4 Market Data Reporting Unit
1.3.4.1 Value
1.3.4.2 Volume
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Industry Participant
2.2.1.2 By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Technology
4.1.1.1 Continuous Inkjet
4.1.1.2 Tto
4.1.1.3 Thermal Ink Jet
4.1.1.4 Dod
4.1.1.5 Print And Apply Labelers
4.1.1.6 Laser Coding And Marking
4.1.1.7 Others
4.1.2 By End User
4.1.2.1 Food And Beverage
4.1.2.2 Electrical And Electronics
4.1.2.3 Automotive And Aerospace
4.1.2.4 Chemical
4.1.2.5 Healthcare
4.1.2.6 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 A Shift From Conventional Printing To Digital Printing Solutions
4.3.2 Drivers
4.3.2.1 Surge In R&D Activities By Key Manufacturers
4.3.2.2 Rising Demand From Automotive Industry
4.3.2.3 Stringent Regulatory Requirements From The Food And Beverage Industry Of The Country
4.3.2.4 Impact Analysis Of Drivers On Market Forecast
4.3.3 Restraint
4.3.3.1 Rising Cost Of Technology Integration In Coding And Marking Systems Manufacturing
4.3.3.2 Impact Analysis Of Restraint On Market Forecast
4.3.4 Opportunity
4.3.4.1 Growing Focus On Product Traceability And Anti-Counterfeiting
Chapter 5. U.S. Market Size And Forecast
5.1 By Technology
5.2 By End User
Chapter 6. Competitive Landscape
6.1 Benchmarking Of Key Players
6.2 Market Share Analysis Of Key Players
6.3 Strategic Developments Of Major Players
Chapter 7. Company Profiles
7.1 Danaher Corporation
7.1.1 Business Overview
7.1.2 Product And Service Offerings
7.1.3 Key Financial Summary
7.2 Dover Corporation
7.2.1 Business Overview
7.2.2 Product And Service Offerings
7.2.3 Key Financial Summary
7.3 Matthews International Corporation
7.3.1 Business Overview
7.3.2 Product And Service Offerings
7.3.3 Key Financial Summary
7.4 Domino Printing Sciences Plc
7.4.1 Business Overview
7.4.2 Product And Service Offerings
7.5 Hitachi Ltd.
7.5.1 Business Overview
7.5.2 Product And Service Offerings
7.5.3 Key Financial Summary
7.6 Rea Elektronik GmbH
7.6.1 Business Overview
7.6.2 Product And Service Offerings
7.7 ID Technology
7.7.1 Business Overview
7.7.2 Product And Service Offerings
For more information about this report visit https://www.researchandmarkets.com/research/vbr7x8/u_s_coding_and?w=5
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