NEW
YORK, July 18, 2024 /PRNewswire/ -- The
global coding and marking equipment market size is
estimated to grow by USD 1.46 billion
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of almost 6.89% during the forecast
period. Increasing need for product traceability is
driving market growth, with a trend towards deploying of
equipment leasing business model. However, high operational
costs poses a challenge. Key market players include ATD UK,
BestCode, Brother Industries Ltd., Cyklop International, Danaher
Corp., Diagraph, Dover Corp., Engage Technologies Corp., Hitachi
Ltd., Illinois Tool Works Inc., Keyence Corp., Matthews
International Corp., MULTIVAC Sepp Haggenmuller SE and Co. KG,
Overprint Ltd., Paul Leibinger GmbH and Co. KG, Pro Mach Inc., REA
Elektronik GmbH, RN Mark Inc., SATO Holdings Corp., and Control
Print Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (CIJ printing
and coding, Laser coding and marking, PALM, TTO, and Others),
Geography (APAC, Europe, North America, Middle East and Africa, and
South America), and End-user (Food and beverage, Healthcare,
Industrial, and Automotive and others)
|
Region
Covered
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Key companies
profiled
|
ATD UK, BestCode,
Brother Industries Ltd., Cyklop International, Danaher Corp.,
Diagraph, Dover Corp., Engage Technologies Corp., Hitachi Ltd.,
Illinois Tool Works Inc., Keyence Corp., Matthews International
Corp., MULTIVAC Sepp Haggenmuller SE and Co. KG, Overprint Ltd.,
Paul Leibinger GmbH and Co. KG, Pro Mach Inc., REA Elektronik GmbH,
RN Mark Inc., SATO Holdings Corp., and Control Print
Ltd.
|
Key Market Trends Fueling Growth
Coding and marking equipment is essential for businesses to
ensure product traceability and quality. However, the high running
costs, including maintenance, servicing, and disposal, can act as a
barrier for organizations, particularly small and medium-sized
enterprises (SMEs), in investing in this equipment. To address this
challenge, many companies are opting for equipment leasing
solutions. Leasing offers several advantages, such as lower capital
costs, monthly and quarterly payment options, line optimization,
futureproof solutions, and reduced downtime. Leasing companies
provide maintenance and servicing solutions, preserving working
capital and freeing up cash flow for other business activities.
Linx Printing Technologies, a Danaher Corporation subsidiary,
offers two leasing options for coding equipment: leasing the
equipment and leasing it with comprehensive servicing and
maintenance. Videojet, another Danaher Corporation subsidiary,
provides a FullCare program for leasing coding and marking
equipment. The popularity of equipment leasing is on the rise, with
80% of US companies leasing equipment regularly. The trend is
expected to continue due to the increasing demand from SMEs.
Consequently, many coding and marking equipment providers are
incorporating equipment leasing into their business models,
contributing to the growth of the global coding and marking
equipment market.
The Coding and Marking Equipment market is experiencing
significant growth due to increasing trends in flexible packs,
medical equipment, food safety, and brand protection. This market
caters to various industries like Food and Beverage,
Pharmaceuticals and Healthcare, Electronics, Aerospace and Defense,
and more. Flexible packs and medical equipment require advanced
marking solutions for traceability, serialization, and information
display. Inkjet printers, laser markers, and thermal transfer
printers are popular choices for coding and marking. Food safety
regulations drive the demand for disinfectants, masks, and
sanitizers, leading to increased usage of coding and marking
equipment for product labeling and secondary packaging materials.
Pharmaceutical producers use high-resolution inkjet coders for
serialization and brand protection. Linx laser coders are widely
used in the pharmaceutical and healthcare sectors for marking
medical devices and equipment. E-commerce and online transactions
increase the need for efficient labeling systems and RFID tagging.
Continuous Inkjet (CIJ) and Thermal Inkjet (TIJ) technologies are
popular for their speed and accuracy. Packaging types like PET
bottles, containers, and tubes require coding and marking for
product identification. Marking equipment is used for various
materials like aluminum, corrugated packaging, and more. Printheads
and ink droplets ensure high-quality marking, while advanced
technologies like laser marking and thermal printing offer superior
results. Overall, the Coding and Marking Equipment market is a
dynamic and growing industry, catering to various sectors and their
unique marking requirements.
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Market Challenges
• Coding and
marking equipment is a significant investment for manufacturers,
involving both upfront capital costs and ongoing operational
expenses. Capital costs consist of initial investment, material
handling, and installation fees. Operational costs encompass
consumable expenses, maintenance, spare parts, and training. For
example, Continuous Ink Jet (CIJ) printers offer service hours
ranging from 9,000 to 15,000, while laser printers have tube lives
between 45,000 and 100,000 hours. Service costs may amount to
USD0.20 to USD0.30 per 1,000 prints. Indirect costs include
production loss due to scheduled and unscheduled downtime. Given
the high initial investment and ongoing expenses, Small and Medium
Enterprises (SMEs) may find it challenging to adopt coding and
marking equipment, potentially limiting market growth during the
forecast period.
• The Coding and
Marking Equipment market faces challenges in various industries
such as Pharmaceuticals and Healthcare, Electronics, Aerospace and
Defense, Food packaging, and more. Online transactions require fast
and accurate coding and marking solutions. Continuous Inkjet (CIJ)
and Thermal Inkjet (TIJ) technologies are popular, but choosing
between them depends on the application. CIJ's high-speed and
high-resolution capabilities make it suitable for Pharmaceutical
producers using Linx laser coders for information display. Labeling
systems are essential for Product labelling, RFID tagging, and
secondary packaging materials like bottles, tubes, cartons, and
containers. Ink droplets and printhead technology are crucial for
inkjet coders. Pharmaceutical producers require unique product
identifiers to combat counterfeit products, while artwork
management systems ensure accurate label designs. Continuous inkjet
ink, like SIS Ink Solution, and solvent products are essential
consumables. Packaging types vary, from PET bottles to aluminum
containers, requiring versatile coding and marking solutions.
Variable data printing and tracking codes are essential for
efficient production and supply chain management.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This coding and marking equipment market report extensively
covers market segmentation by
- Product
- 1.1 CIJ printing and coding
- 1.2 Laser coding and marking
- 1.3 PALM
- 1.4 TTO
- 1.5 Others
- Geography
- 2.1 APAC
- 2.2 Europe
- 2.3 North America
- 2.4 Middle East and
Africa
- 2.5 South America
- End-user
- 3.1 Food and beverage
- 3.2 Healthcare
- 3.3 Industrial
- 3.4 Automotive and others
1.1 CIJ printing and coding- Continuous inkjet
(CIJ) printing and coding is a popular solution for marking and
coding products in various industries, including food and beverage,
pharmaceutical, automotive, and electronics. CIJ systems create
characters, barcodes, and other information using a continuous flow
of ink droplets, allowing for high-speed, high-resolution printing
on various substrates, such as shrink and stretch wraps, cardboard
boxes, cartons, and cases. CIJ is a non-contact printing system
that uses electrically charged ink droplets ejected at 120,000
droplets per second, providing high-quality prints. The benefits of
CIJ printing include its ability to print on porous and non-porous
substrates, low maintenance costs, high-speed printing, support for
various ink types and colors, and printing on curved surfaces. CIJ
printers are widely used for coding and marking glass and plastic
bottles, aluminum cans, cartons, and paperboard. The food and
beverage and cable manufacturing industries are significant drivers
of CIJ printer demand due to their increasing use. Companies like
Brother Industries Ltd., Danaher Corp., and Dover Corp. Offer
advanced CIJ printers, such as Domino Printing Sciences plc's AX
550i CIJ printer, which is robust for harsh factory environments.
The growth of the global coding and marking equipment market is
expected to be driven by the increasing adoption of CIJ printers
and recent advancements.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
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The global STEM toys market is thriving, driven by increasing
emphasis on educational play. STEM toys integrate science,
technology, engineering, and mathematics concepts, fostering
creativity and critical thinking from a young age. Growing parental
awareness of the importance of STEM education fuels market
expansion, with toys designed to enhance learning experiences in
fun, interactive ways. The global coding bootcamp market is rapidly
expanding, addressing the demand for tech skills in the workforce.
These intensive, short-term programs offer practical coding skills,
attracting career changers and students seeking to enter the tech
industry swiftly. With a focus on hands-on learning and industry
relevance, coding bootcamps bridge the gap between traditional
education and the fast-paced tech sector, catering to diverse
learner needs worldwide.
Research Analysis
The Coding and Marking Equipment market encompasses a range of
technologies and applications, including flexible packaging,
medical equipment, food safety, and various industries such as
pharmaceuticals, electronics, and automotive. This market caters to
the demand for traceability, authenticity, and regulatory
compliance. Inkjet printers, Laser markers, Thermal transfer
printers, Continuous Inkjet (CIJ), Thermal Inkjet (TIJ), and Laser
Marking are the primary technologies used. These systems mark
labels on bottles, tubes, cartons, and other packaging materials,
ensuring product identification and tracking. The food and
beverage, pharmaceutical, and healthcare sectors are significant
consumers due to stringent regulations. Online transactions have
increased the need for advanced coding and marking solutions to
ensure authenticity and prevent counterfeit products in various
industries.
Market Research Overview
The Coding and Marking Equipment market encompasses a wide range
of technologies and applications, including flexible packs, medical
equipment, food safety, and brand protection. This market caters to
various industries such as Food and Beverage, Pharmaceutical, and
Electronics, among others. Coding and marking equipment are
essential for ensuring product traceability, safety, and
authenticity. The technologies used include Inkjet Printers (CIJ
and TIJ), Laser Markers, Thermal Transfer Printers, and RFID
tagging. These systems are used to apply information, tracking
codes, and unique product identifiers to various packaging types,
including PET bottles, containers, tubes, cartons, and secondary
packaging materials. The market also includes disinfectants, masks,
and sanitizers for maintaining hygiene during production.
Continuous inkjet technology, high-resolution inkjet coders, and
artwork management systems are some advanced solutions in the
market. The market is also witnessing the growth of online
transactions and variable data printing to cater to the evolving
industry requirements.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- CIJ Printing And Coding
- Laser Coding And Marking
- PALM
- TTO
- Others
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
- End-user
-
- Food And Beverage
- Healthcare
- Industrial
- Automotive And Others
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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