The global case coders market is projected to have a moderate-paced CAGR of 4.6% during the forecast period. The current valuation of the market is US$ 1.67 billion in 2022. The market value of the case coders market is anticipated to reach a high of US$ 2.62 billion by the year 2032.
| Report Attribute | Details |
|---|---|
| Case Coders Market Value (2022) | US$ 1.67 Million |
| Case Coders Market Anticipated Value (2032) | US$ 2.62 Billion |
| Case Coders Projected Growth Rate (2022 to 2032) | 4.6% |
There is rapid traction of case coders, and the global case coders market is witnessing an unprecedented surge as they are cost-effective in nature and are standing out to be a versatile alternative to stamping and labeling with a low running cost. The factor fueling the growth of the forum is the rapid development of the packaging industry.
The manufacturers in the case coders market are continually making innovations to their products to gain a foothold in the global market and widen the customer base. It has been revealed by the analysts at Future Market Insights that the market for case coders can be defined as highly fragmented.
The key players proliferating in the forum are focusing on introducing new products and enhancing their product offerings to better cater to the changing needs of the users while retaining their competitiveness.
There is keen attention paid by the market players to the maintenance of the quality of products. They are also trying to diversify its range of manufacturing by producing products of various capacities to increase its market share.
It is projected that several case coder manufacturers are focusing on developing technologically advanced case coders to target a large number of customers. The case packaging operation is suitable for a high volume of products. It costs much more compared to labor wages.
Hence, the case coder manufacturers are developing machines that are more economical in order to target packaging firms with small output. This is creating lucrative growth opportunities for manufacturers operating in the global market.
It is anticipated while analyzing the case coders market in-depth that the presence of a large number of manufacturers controls the majority of the share. Mergers and acquisitions and the development of product portfolios are major strategies adopted by key players. It is expected that with such frequent innovations and rigorous efforts of the players, the case coders market is likely to witness significant growth during the forecast period.
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Case coders are designed to print graphics, bar codes, real time alphanumeric codes, and other accurate high quality codes. Case coders market helps manufacturers to eliminate the need for pre-printed boxes and labels and reduce scrap, waste, and inventory. Case coders are also known as large character marking printers which can directly code to the box and offer easy to readable text.
Case coders market become a feasible solution in the field of packaging by saving time and labour. Case coders fulfil the requirement of human readable data outside the case which include best before date, a box count or a simple batch code.
Case coders are cost effective alternative to stamping and labelling and have low running cost. Case coders market is growing in numerous industries such as food & beverages industry, cosmetics industry, printers & binders and many more.
Case coders market is dedicated to coding of porous and non-porous substrates as per requirement. Case coders market is growing in various fields meeting the requirement of case coding over wood and lumber marking solutions, label marking, extrusion applications, printing on glass, metal coding, films and plastics, and any other pharmaceutical application.
Case coders are intended to work in even dustiest environment and offer an efficient solution. Case coders market is driven by requirement to deliver product information to customers. Case coders are significant for traceability of the products by date of manufacture, shift numbers, batch logos, etc.
Case coders market is likely to get traction in the upcoming years owing to development in the packaging industry. The coding and marking industry has witnessed steady growth over the last decade and is anticipated to grow at similar rates in near future. Case coders are also used when it’s essential to trace the individual product and no further packaging is used, then codes can be directly applied to the product.
The beverage industry is a huge global business in the field of case coders market. Case coders have to consider various factors such as substrate being coded onto, code content, line speed, and factory environment. Case coders are equipped with faster trouble-shooting and tuning capabilities. Case coders with a spontaneous interface will save time during product exchanges when new codes are entered.
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On the basis of geography, global case coders market is divided into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Japan.
Among these region, North America is expected to grow in case coders market due to high demand in the packaging Industry. Along with North America, Europe is anticipated to witness an above average growth in the case coders market.
Some of the prominent players operating in the global case coders market include Videojet Technologies, Inc., SPG Packaging UK Ltd, Pro Pack Solutions Inc., Superior Case Coding, Interactive Coding Equipment (ICE), Zanasi S.r.l., Trident, an ITW Company, Kiwi Coders Corporation, Squid Ink, an Engage Technologies Corporation Company, Markem Imaje Corporation, Linx Printing Technologies, GTI Industries Inc., and Crawford Packaging.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global case coders market is segmented on the basis of product type, printing resolution type, and application.
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