London, 01 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Coding and Marking Market 2015-2019, which is expected to grow at a CAGR of 5.32 percent during the period of 2014-2019.
Increased occurrences of product counterfeiting and government regulations that command the printing of product-specific information on packets are driving the demand for coding and marking services and helping the market grow across the world.
“The market is witnessing better integration capabilities among marking and coding products and machinery used on production and packaging lines,” says Faisal Ghaus, Vice President of TechNavio.
“Enhanced integration capabilities are helping vendors ensure better coding on the cases tied to the actual package.”
Key Market Drivers
- Increased Demand from Food and Beverage Industry
- Need for Product Identification and Brand Protection
- Need for Accuracy in Data Computation and Storage
- Increased Product Recalls
- Stringent Government Regulations and Standards
Key Market Trends
- Efficient Coding and Marking Equipment
- Better Integration Capabilities
- Increased Competition between Laser and TIJ Techniques
- Innovation through R&D
- Increased M&A
Key Market Vendors
- Danaher Corp. (Videojet Technologies Inc.)
- Diagraph Corp.
- Domino Printing Sciences plc
- Dover Corp. (Markem-Imaje SAS)
- Hitachi Ltd. (Hitachi Industrial Equipment Systems Co. Ltd.)
- ID Technology LLC
- Matthews Marking Systems (Matthews International Corp.)
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
