The Asia-Pacific market is primarily driven by extensive growth in the retail and industrial domains.

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.

The increasing manufacturing sector, pharmaceutical sector, food and beverages industry, and increasing demand for packaging in various industries are the major factor contributing to the growth of the Asia-Pacific coding and marking systems market.

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The high cost of coding and marking systems are expected to hinder the growth of this market amongst the industrial consumers from developing countries such as India, Indonesia, Thailand, and others that are considered to be price sensitive.

Geographically, China is the largest coding and marking systems market as the country is home to a large retail base, manufacturing hub, and growing food and beverage industries, and also the huge investment is witnessing in these industries. According to a recent report, it has been observed that China Food and Drug Administration has introduced reform for labeling of prepackaged products according to that norm the manufacturers operating in the food and beverage industry are required to adhere to certain norms such as the inclusion of detailed information pertaining to the name of the product, details of producer, storage condition, ingredients and identification of batch.

Danaher Corporation, Dover Corporation, Domino Printing Sciences plc, KGK Marking Technologies Group, Linx Printing Technologies, Control Print Limited, Hitachi Ltd., Matthews International Corporation, and ATD Marking Systems are some of the key players operating in the Asia-Pacific coding and marking systems market.

Source: VynZ Research