Coding and Marking Systems Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

Coding and Marking Systems Market size was valued at USD 4,763.9 million in 2021 and is expected to grow at a CAGR of 5.4% from 2022 to 2028. The global market provides a detailed overview of the Coding and Marking Systems market and that can be segmented by technology, material, power, and end-user. By technology, the coding and marking systems market has been segmented into Continuous Inkjet, Thermal Inkjet, Thermal Transfer Overprinting, Drop on Demand, Print & Apply Labeling, Laser Coding & Marking. The continuous inkjet segment is likely to be the largest and fastest-growing segment in terms of type. Based on material, the market is segmented into Paper & Cardboard, Plastic, and Metal. Among which paper & cardboard Is likely to be the largest and fastest-growing segment in terms of material. By end user, the market has been segmented into Automotive & Aerospace, Electrical & Electronics, Food & Beverages, Chemicals, and Healthcare.  Among these, the paper & cardboard segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to precision business insights. By region, the North America market is expected to witness the highest market share during the forecast period due to the rise in demand for coding and marking systems. The Asia-Pacific region expected to create lucrative opportunities in the future due to China leading the way in terms of expenditure on research and development activities and the adoption of advanced technology coding and marking systems.

Key Development:

In June 2020, Domino Printing Sciences plc launched X630i, its first digital inkjet product offering for corrugated materials. The company will introduce a new ink set based on novel water-based ink technology with this automated inkjet printing solution.