Pune, India -- (SBWIRE) -- 12/19/2018 -- The global coding and marking market is likely to reach $6 billion by 2022, growing at CAGR of 6.25% during the forecast period. Increased instances of product counterfeiting and government regulations that mandate the printing of product-specific information on packets are fueling the demand for coding and marking services and helping the market to grow worldwide. The CIJ technology will dominate the market in 2022.

Increased popularity of TIJ and laser technologies is giving tough competition to CIJ technology. Though the food and beverage segment is going to be a dominant end-user segment, the healthcare segment is expected to register the highest growth rate during the period. The APAC region is expected to remain as the leading coding and marking market.

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Major vendors profiled in the report are as following:
1. Brother Industries
2. Danaher
3. Dover
4. Hitachi
5. ITW

Other prominent vendors in the market include Control Print, ID Technology, Iconotech, Inkjet,Keyence, Macsa, Matthews International, Paul Leibinger, SATO Holdings, Squid Ink, Universal Labeling Systems, Weber Marking Systems, and Xaar.

The report considers the present scenario of the global coding and marking market and includes a detailed study of growth drivers, trends, and restraints. It also profiles the leading vendors in the market and other key vendors.

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The sale of major coding and marking equipment vendors was aggregated to arrive at an estimate of the market size in terms of volume. The same approach is used to calculate the market size in terms of revenue. An estimated 85?90% of the equipment providers? capacities are mapped and considered in the calculations.

The report takes into consideration the sale of coding and marking and spares to the first-time buyers from various end-user segments, including individuals, hospitals, medical centers, and commercial clients. The sale was considered across various sales channels, including direct sales ? online and offline.

The report provides the analysis of the key segments of the market by technology, end-user, geography, country, and vendors. It also provides a detailed analysis of the market size and revenue forecast. It provides the detailed market revenue of each segment such as

Technology Type: Continuous Ink Jet Printer (CIJ), LASER, Piezo Ink Jet Printer (PIEZO), Print and Apply Labelling Products (PALM), Thermal Ink Jet Printer (TIJ), Thermal Transfer Overprinting Printer (TTO), Valve Jet Printer (VIJ)

End Users: Food and beverage, Healthcare, Electricals and electronics, Chemicals and constructions

Major Geography: APAC, Eastern Europe and Central Europe, Latin America, MEA, North America, Western Europe

Key Countries: Argentina, Brazil, Canada, China, France, Germany, India, Japan, Mexico, UK, US

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Coding and marking equipment are used to print product-specific details on the product. These details are to provide end-users and manufacturers authentic information about the product. Coding includes the printing of manufacturing dates, expiry dates, and the size of the packaged lot among other details. Printing of codes or marks printed on products helps manufacturers to reduce the risk of counterfeiting and protect the brand image among end-users.

Increased manufacturing coding and marking equipment that are more graphic in nature, high demand from pharmaceutical, cosmetic, and food and beverage industries are among the leading factors that are going to accelerate the growth of the global market. The need for product identification and brand protection is increasing everyday among vendors worldwide. Manufacturers are encouraged to adopt coding and marking techniques to print product-specific information on packaged goods to protect the interests of end-users this trend is going to drive the market during the forecast period.

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The laser and TIJ coding and marking technology segments are expected to gain the market share during the forecast period. Inkjet technology to constitute almost 40% of the global market share in 2022. The CIJ segment is likely to lose its market share marginally to other technologies during the forecast period. However, these can be overcome due to its easy availability and high penetration within the market.

The report provides the market size of major regions such as APAC, Western Europe, Eastern and Central Europe, Latin America, MEA, and North America. The market in APAC is expected to witness a rapid growth rate due to high demand for coding and marking equipment in various end-user industries during the forecast period. APAC is also the fastest growing region in the global coding and marking market. The region is likely to remain the leader during 2016?2022. North America will be the second largest market during the forecast period. Legislations and industry mandates are expected to drive the global coding and marking market.

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