Marking and Coding Equipment Market

Marking and Coding Equipment Market Overview for 2024 to 2034

The marking and coding equipment market is evaluated to be sized at USD 1,147.9 million in 2024. During the period from 2024 to 2034, the market is expected to progress at a steady clip, registering a CAGR of 2.3%. By 2034, the marking and coding equipment market is anticipated to have reached a value of USD 1,455.1 million.

Attributes	Details
Marking and Coding Equipment Market Value for 2024	USD 1,147.9 million
Projected Market Value for 2034	USD 1,455.1 million
Value-based CAGR of Market for 2024 to 2034	2.3%

Marking and Coding Equipment Market Analysis

• Marking and coding equipment demand is growing in developing countries that view the growth of packaging as a key component of development.
• Digital trends are being embraced by the packaging sector and marking and coding equipment is being preferred to manual systems.
• Marking and coding equipment with enhanced functional capabilities, for example, recycling unused ink, are developing the demand in the market.
• Concerns with proper labeling are driving up the demand for effective labeling systems and marking and coding equipment is being called upon to satisfy that requirement.
• Continued growth of the food and beverage sector bodes well for the marking and coding equipment industry.

Trends in the Marking and Coding Equipment Industry

• Rising importance given to the pharmaceutical industry is benefiting the marking and coding equipment market.
• Laser printers are climbing in popularity and their increasing adoption is labeling the market with positivity.
• As the need to keep track of packages increases, with delivery companies providing enhanced tracking features, the role of marking and coding equipment is getting more important.
• Continued consumer reliance on electronic products is marking the marking and coding equipment industry with positivity.
• Marking and coding equipment demand among end-users is increasing as measures to curb counterfeit products grow.
• Marking and coding machines require significant maintenance and end-user reluctance, especially small-scale, to invest considerable sums of money into the machine is hampering the growth of the market.
• Downtime of marking and coding equipment has the ability to lead to a notable amount of revenue loss. Thus, there is hesitation on the part of end-users to purchase the equipment.

Category-wise Outlook

Continuous inkjet printers continue to make their presence felt in the technology segment. Food is the industry that makes the predominant use of marking and coding equipment.

Low Installation and Maintenance Costs Make Sure Continuous Inkjet Printers Remain Top of the Pile in the Technology Segment

Inkjet printers are accepted to account for 47.6% of the market share in 2024. Some of the factors influencing the progress of continuous inkjet printers are:

• Though technologically advanced marking and coding equipment is getting popular, continuous inkjet printers are still preferred by a considerable number of end-users for their low maintenance and installation costs.
• Continuous inkjet printers are trusted to be available at consumers’ disposal when required and thus retain their popularity.

Attributes	Details
Top Technology	Continuous Inkjet Printer
Market Share (2024)	47.6%

Ever-increasing Demand for Food in the Asia Pacific Leads to More Use of Marking and Coding Equipment in the Food Sector

Food end-use is anticipated to account for 43.6% of the market share in 2024. Some of the reasons for the progress of food end-use of marking and coding equipment are:

• Food sector getting propelled in the Asia Pacific is leading to enhanced demand for marking and coding equipment.
• Growth in online deliveries is contributing to the food sector’s rising use of marking and coding equipment.

Attributes	Details
Top End-use	Food
Market Share (2024)	43.6%

Country-Wise Analysis

The Asia Pacific is penned in to be a lucrative region for the market. The continued industrial boom in the region is contributing to the market’s growth in the Asia Pacific.

Europe’s notable retail and manufacturing sectors are helping out the market in the region. The integration of technology into the packaging sector is also aiding the market in Europe.

Countries	CAGR (2024 to 2034)
Spain	2.4%
India	5.1%
Thailand	3.8%
China	4.2%
South Korea	2.4%

Technology Considered Key by Spanish Marking and Coding Equipment Manufacturers

The CAGR of the market for the forecast period in Spain is anticipated to be 2.4%. Some of the factors influencing the growth of the market in the country are:

• With technology playing an ever-important role in the packaging sector in Spain, marking and coding equipment is following suit too. Laser printers are thus gaining popularity in the country.
• Spanish market players are focused on expansion, for example, Macsa ID expanding into the United Kingdom by acquiring Halo Lasers.

Government Encouragement for the Packaging Sector Sees the Market on an Upward Trend in India

The market is expected to have a CAGR of 5.1% in India through 2034. Some of the factors responsible for the growth of the market are:

• As part of the drive to accelerate industrial production in the country, the packaging sector has received a favorable disposition from the government in India. Thus, the marketing and coding equipment industry in India is growing.
• India’s fast-rising food demands are proving conducive to the growth of the market in the country.

Increased Investment by Foreign Players Leads to Market Growth in Thailand

The market is expected to progress at a CAGR of 3.8% in Thailand for the forecast period. Some factors influencing the progress are:

• Foreign players are continuing to make significant investments in Thailand when it comes to marking and coding equipment. For example, Domino opened a Digital Centre of Excellence in Bangkok in 2021.
• Digital inkjet printing is gaining momentum in Thailand and is contributing to the market’s development in the country.

Product Innovation the Name of the Game in China

The market is expected to progress at a CAGR of 4.2% in China throughout the forecast period. Some factors influencing the progress are:

• Chinese manufacturers are keeping the demand going by keeping the product line moving. For example, Codpad launched a high-resolution UV inkjet coding machine with the Xaar Irix printhead in 2023.
• China’s significant pharmaceutical industry drives the demand for marking and coding equipment in the country.

Growing Electronic Goods Sector is Positively Impacting the Market in South Korea

The market is expected to progress at a CAGR of 2.4% in South Korea. Some factors influencing the progress are:

• Electronic goods are playing an ever-increasing role in the lives of South Koreans, and the propagation of electronic goods is helping the marking and coding equipment market in the country.
• Growing online presence of South Korean companies is leading to an enhanced need for product tracking in the country, which is helping the marking and coding equipment industry.

Competitive Landscape in the Marking and Coding Equipment Market

To meet the enhanced demand for the equipment, market players are looking to increase production capabilities. Increasing the variety of products is also concentrated upon by market players.

Geographical expansion is a key strategy for market players. Mergers and acquisitions are also commonplace in the market.

Recent Developments in the Marking and Coding Equipment Market

• In January 2024, Markem-Imaje launched a portable coding device, called the Marking Trigger Device, with capabilities to code on a variety of surfaces.
• At Pack Expo 2023, Leibinger launched the IQJET coding and marking system, billed to be a first-of-its-kind intelligent system.
• In September 2021, Domino launched the R-Series, a range of devices offering coding and marking.

Key Companies in the Marking and Coding Equipment Market

• Hitachi America, Ltd.
• Videojet Technologies, Inc.
• Markem-Imaje Corporation
• Domino Printing Sciences plc.
• TYKMA Electrox, Inc.
• Squid Ink Manufacturing Inc.
• Open Date Systems, Inc.
• MACSA ID, S.A.
• ATD Ltd
• RN Mark Inc.
• Interactive Coding Equipment (ICE)
• Diagraph Corporation
• Linx Printing Technologies
• Numeric Marking Systems.
• Control Print Ltd.
• Durable Technologies
• REA Elektronik GmbH
• Matthews International Corporation
• INKJET, INC.
• KGK Marking Technologies Group

 Key Coverage in the Marking and Coding Equipment Market Report

• Coding and Marking Equipment Market Forecast
• Coding and Marking Systems and Solutions Market Analysis
• Food and Beverage Coding and Marking Equipment Market Assessment
• Inkjet Coding and Marking Equipment Market Report
• Laser Marking and Coding Equipment Market Coverage
• Thermal Transfer Printing Equipment Market Analysis

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
  • 5.1. Continuous Inkjet (CIJ)
  • 5.2. Thermal Inkjet (TIJ)
  • 5.3. Thermal Transfer Overprint (TTO)
  • 5.4. Laser Coding System
  • 5.5. Large Character Marking (LCP)
  • 5.6. Label Print Applicator (LPA)
  • 5.7. Other Printers
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
  • 6.1. Flexible Packaging
    • 6.1.1. Bags
    • 6.1.2. Pouches & Sachets
    • 6.1.3. Vacuum / Shrink Films
    • 6.1.4. Others
  • 6.2. Rigid Packaging
    • 6.2.1. Pipes & Tubes
    • 6.2.2. Boxes
    • 6.2.3. Bottles & Jars
    • 6.2.4. Cans
    • 6.2.5. Metal Parts
    • 6.2.6. Trays & Clamshells
    • 6.2.7. Crates
    • 6.2.8. Others
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use Industry
  • 7.1. Food & Beverages
  • 7.2. Pharmaceuticals
  • 7.3. Personal & Homecare
  • 7.4. Electricals & Electronics
  • 7.5. Automotive
  • 7.6. Chemical & Fertilizers
  • 7.7. Building Materials
  • 7.8. Other Industries
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Western Europe
  • 8.4. Eastern Europe
  • 8.5. South Asia and Pacific
  • 8.6. East Asia
  • 8.7. Middle East and Africa
• 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. Hitachi America, Ltd.
  • 18.2. Videojet Technologies, Inc.
  • 18.3. Markem-Imaje Corporation
  • 18.4. Domino Printing Sciences plc.
  • 18.5. TYKMA Electrox, Inc.
  • 18.6. Squid Ink Manufacturing Inc.
  • 18.7. Open Date Systems, Inc.
  • 18.8. Interactive Coding Equipment (ICE)
  • 18.9. Diagraph Corporation
  • 18.10. Linx Printing Technologies
• 19. Assumptions & Acronyms Used
• 20. Research Methodology