The North America Coding And Marking Equipment Market would witness market growth of 3.4% CAGR during the forecast period (2021-2027).
Product owners can track their items as they move through the supply chain by putting barcodes and serialization numbers on every product that is made, as well as the boxes that are used to carry these commodities. This allows anyone in the supply chain to identify individual lots, shipments, and packages, allowing them to determine where the products have originated and where they are headed. This also enables product owners to recall things promptly if necessary.
Product owners employ marking and coding to establish the originality of their products in the pharmaceutical industry, for example, where counterfeiting is a problem. This allows merchants, customers, and anybody else in the supply chain to track a product all the way back to its source to ensure it is genuine and safe to transport, sell, or use.
The USAID Agricultural Growth Program-Agriculture Market Development Project (AGP-AMDe) will work with ECX to improve sellers' and buyers' ability to track the origin of coffee through electronic coding and marking, certify labs and coffee quality graders, expand the number of farmers' cooperatives, and improve ECX warehouse efficiency as part of the agreement. The United States Agency for International Development (USAID) anticipates that the collaborative efforts would strengthen the integrity and marketability of Ethiopia's coffee trade system.
The US market dominated the North America Coding And Marking Equipment Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4,519.4 Million by 2027. The Canada market is expected to witness a CAGR of 5.7% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 4.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Coding And Marking Equipment Market is Estimated 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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