The rapid growth of the global coding and marking systems market is majorly attributed towards the benefits attained by coding and marking systems such as protection from existing counterfeits in the market.

Coding and marking systems are extensively being used to print various details regarding a particular product such as manufacturing date, lot size, product-specific details, and expiry details and other related details as listed by the government authorities in various developing as well as the developed economy.

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The accelerating sale of processed foods, packaged snacks, non-alcoholic beverages, dairy items and processed food is enhancing the demand for packaged food and beverage sector across the globe.

On the basis of end user, the global coding and marking system market is segmented into food & beverage, electrical & electronics, automotive & aerospace, chemical, healthcare and others.

On the basis of technology, the global coding and marking systems is segmented into continuous inkjet, thermal inkjet, print & apply labelers, thermal transfer overprinting, laser coding and marking, drop on demand, and valve jet & hot melt inkjet.

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Globally industry players are leveraging market growth through technological upgradation in coding systems, innovation to adapt with ever-changing market dynamics and becoming more realistic in its approach.

Some of the major players operating in the coding and marking systems industry are ATD Marking Systems, Danaher Corporation, Inkjet Inc, ID Technology, Hitachi Ltd, Diagraph Group, Matthews International Corporation, Dover Corporation, Overprint Packaging Ltd., and Domino Printing Sciences plc.

Source: VynZ Research