NEW YORK, Jan. 15, 2018 (GLOBE NEWSWIRE) -- According to the report published by P&S Market Research, global coding and marking systems market is expected to witness a CAGR of 6.9% during 2018-2023. The growth of the coding and marking systems market is mainly driven by the growing application of coding and marking systems in food and beverage, and automotive industries.
Coding and marking devices print product related details on the packaging such as price, batch number, manufacturing and expiry date, manufacturer information, ingredients, and other related information. Coding and labelling allow the identification and tracking of components through the different phases of the production process. Coding and marking technologies have wide applications in industries such as food and beverage, automotive, electrical and electronics, chemical, healthcare, and others.
Access Report Summary with Detailed TOC on “Coding and Marking Systems Market” at: https://www.psmarketresearch.com/market-analysis/coding-and-marking-market
On the basis of technology, the global coding and marking systems market is segmented into continuous inkjet, laser coding and marking, thermal ink jet, drop on demand, print & apply labelers, thermal transfer overprinting, and others. Others include valve jet and hot-melt ink jet technologies. Laser coding and marking technology has been further segmented into direct part marking (DPM) and laser coding.
Continuous inkjet was the largest segment with an estimated contribution of more than 30.0% in the coding and marking systems market in 2017. Continuous inkjet printers offer several benefits such as very high-speed printing, ability to print characters on virtually any material, ability to run for long hours with minimum servicing requirement, and cost effectiveness. Owing to such benefits, the use of continuous inkjet printers is growing across industries.
On the basis of end user, the global coding and marking systems market is segmented into food and beverage, electrical and electronics, automotive and aerospace, chemical, healthcare, and others. Other end users include industries such as cosmetics and personal care products, textiles, and consumer packaged goods. Food and beverage was the largest segment with an estimated contribution of more than 30.0% in the global coding and marking systems market in 2017. Stringent government regulations regarding product safety and traceability have necessitated the proper labeling of manufacturing date, nutrition facts, ingredients list, and manufacturer details on the primary and secondary packages of food and beverage items. This factor is driving the growth of the coding and marking systems market.
Request to Get the Sample Pages at: https://www.psmarketresearch.com/market-analysis/coding-and-marking-market/report-sample
Asia-Pacific held the largest share of the global coding and marking systems market in 2017. The application of coding and marking systems is gaining momentum in the food and beverage industry owing to stringent government regulations, increase in food and beverage, and increase in export of packaged food items. This in turn is driving the growth of the market in the region.
Europe was the second largest region with an estimated contribution of more than 23.0% in the global coding and marking systems market in 2017. From the supply side, the growth of the European market is driven by factors such as increase in access to low cost coding and marking technology, due to growth in the manufacturing sector of Germany.
Some of the major players operating in the coding and marking systems industry are Danaher Corporation, ATD Marking Systems, ID Technology, Inkjet Inc, Hitachi Ltd, Dover Corporation, Diagraph Group, Matthews International Corporation, Domino Printing Sciences plc, and Overprint Packaging Ltd.
More Reports by P&S Market Research
Corrugated Packaging Market - https://www.psmarketresearch.com/market-analysis/corrugated-packaging-market
ASEAN & South Asia Dyestuff for Textile Market - https://www.psmarketresearch.com/market-analysis/asean-and-south-asia-dyestuff-for-textile-market
About P&S Market Research
P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
Contact:
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com