Turkey Coding Marketing System Market Size, Trends, Business Opportunities, Segmentation, Development And Forecast By 2023.


Posted September 19, 2018 by PreetiVerma

The market growth is mainly driven by the growing applications of coding and marking systems in industries including food and beverage, automotive, chemicals, and others, in the country.

 
Turkey coding and marking systems market is projected to reach $120.4 million by 2023, according to P&S Market Research.The market growth is mainly driven by the growing applications of coding and marking systems in industries including food and beverage, automotive, chemicals, and others, in the country.

The Turkey coding and marking systems market is segmented into continuous inkjet, laser coding and marking, thermal ink jet, drop-on-demand, print and apply labelers, thermal transfer overprinting, and others. Of these, continuous inkjet has been the largest category in the Turkey coding and marking systems market, with an estimated contribution of more than 40.0% in 2017. This can be ascribed to the several benefits offered by these printers, such as very high-speed printing, ability to print characters on virtually any material, and cost effectiveness.

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The Turkey 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 category, with an estimated revenue contribution of more than 45% 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 resulting in high demand of these systems from the food and beverage industry.

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Emergence of environment-friendly coding technologies is identified as the major trend in the Turkey coding and marking systems market. Manufacturers of coding and marking systems are focusing on decreasing the use of hazardous solvents such as methyl ethyl ketone (MEK), reducing the content of volatile organic compounds (VOCs), and preventing smearing to decrease the negative environmental impact of coding and marking. Companies are developing low VOC fluids and aiming at reducing hazardous air pollutants (HAPs), carcinogens, mutagens, allergens, and other materials of concern, along with keeping green requirements in consideration. This trend is expected to shape the dynamics of market for coding and marking systems in Turkey.

Some of the major players operating in the Turkey coding and marking systems market are Danaher Corporation, Hitachi Ltd., Dover Corporation, Matthews International Corporation, Domino Printing Sciences plc, and Savema Markalama ve Kodlama Makinalari San. Tic. Ltd. Sti. (Savema).

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Issued By P&S Intelligence
Country India
Categories Advertising
Tags turkey coding marketing system market analysis , turkey coding marketing system market demand , turkey coding marketing system market development , turkey coding marketing system market size , turkey coding marketing system market trends , turkey coding marketing system market value
Last Updated September 19, 2018