The Asia Pacific Coding And Marking Equipment Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
Coding and marking machine is an instrument designed to mark bottles, glass jars, beverage cans, and plastic bottles. It can be created utilizing a variety of technologies, such as CIJ printing and coding, laser coding and marking, TIJ printing, and DOD printing, to name a few.
The increased demand for coding and marking equipment, particularly from the pharmaceutical and food and beverage industries, might be linked to the market's rise. Pharmaceutical companies are emphasizing the use of flexible packs, such as forming films, top webs, chevron pouches, header bags, and strip bags with unique codes and markings, to combat counterfeiting and tampering, which bodes well for the market's growth.
Due to the huge number of competitors, APAC is one of the major users of Coding and Marking Equipment. China is one of the most important industrial countries in the world. In addition, South Korea has imposed labeling and marking regulations for some products, such as pharmaceuticals, organic food, functional food, and food developed through biotechnology, according to the Korean Customs Service (KCS).
The China market dominated the Asia Pacific Coding And Marking Equipment Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,716.4 Million by 2027. The Japan market would experience a CAGR of 6% during (2021 - 2027). Additionally, The India market is poised to grow a CAGR of 7.2% during (2021 - 2027).
Based on Product Type, the market is segmented into Continuous Inkjet (CIJ) Printer, Thermal Inkjet (TIJ) Printer, Laser Printer, Piezo Inkjet Printer, and Others. Based on Vertical, the market is segmented into Food & Beverage, Pharmaceutical, Construction, Cosmetics, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Coding And Marking Equipment Market is Projected to reach USD 19.2 Billion by 2027, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hitachi, Ltd., Danaher Corporation, Matthews International Corporation, ProMach, Inc., HSA Systems ApS, Koenig & Bauer Coding GmbH (Koenig & Bauer AG), Leibinger Group, Markem-Imaje (Dover Corporation), Domino Printing Sciences PLC (Brother Industries), and REA Elektronik GmbH.
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