The Indian market is primarily driven by the extensive growth in the manufacturing sector, packaging industry, pharmaceutical industry, and increasing need for product authentication and brand protection.

Coding and marking are considered to be the most vital part of the manufacturing and logistics process in consumer and industrial products. It is the system that is extensively being used to print the details on the product and packaging relating to manufacturing date, lot size, expiry date, and other details in order to disperse authentic information to the customers. Moreover, these systems enable the manufacturers to track the products along with the enhanced focus of the manufacturers towards safety concerns, quality assurance of the product, and brand establishment.

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The increasing manufacturing sector, pharmaceutical sector, food and beverages industry, increasing need for product authentication and brand protection, and increasing packaging industry are the major factor contributing towards the growth of the Indian coding and marking systems market.

Increasing urbanization and busy lifestyles lead to an increase in the consumption of packaged foods, packaged fruit juice, canned foods, frozen foods, bottled water, and others which has boosted the growth of the packaged food and beverage industries. Thus, increases the demand for coding and marking systems in the food and beverages industry, which has positively impacted the growth of the Indian market.

Domino Printing Sciences Plc, Videojet Technologies Inc. (a subsidiary of Danaher Corporation), MarkemImaje S.A. (a subsidiary of Dover Corporation), and Control Print Limited, having a combined market share of 80.0% – 90.0% in the Indian coding and marking systems market.

Some of the major players operating in the Indian coding and marking systems market are Danaher Corporation, Dover Corporation, Domino Printing Sciences plc, Control Print Limited, and Hitachi Ltd.

Source: VynZ Research