The Latin America, Middle East and Africa Coding And Marking Equipment Market would witness market growth of 9.0% CAGR during the forecast period (2021-2027).
The inclusion of batch numbers, barcodes, and expiry dates to food and drink packages allows them to track their products anywhere in the globe in the case of a recall, as well as preserve supply chain integrity by immediately determining whether a product is counterfeit. Traceability is vital for all brands, not just multinationals, Small as well as medium-sized manufacturers require it as well.
Coding and marking solutions provide clear codes to fulfill customer' requests while also allowing producers to comply to industry laws. The demand for tractive packaging that stands out on crowded store shelves and captures consumer attention necessitates coding and labelling technologies that can print consistently and legibly on a variety of package shapes and sizes without compromising the package design.
Due to the rapid urbanization across the countries in the region, the number of advancements that are taking place is also constantly increasing. For Example, South Africa is a country that has a substantial food and beverages industry. Due to the significant size of the food and beverages sector of the country, the demand for coding and marking equipment for authenticating the packaging of food and beverages products also increases.
The Brazil market dominated the LAMEA Coding And Marking Equipment Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $372.2 Million by 2027. The Argentina market is experiencing a CAGR of 9.5% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 8.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Coding And Marking Equipment Market is Predict to reach $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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