According to a new report Global Coding And Marking Equipment Market, published by KBV research, The Global Coding And Marking Equipment Market size is expected to reach $19.17 billion by 2027, rising at a market growth of 4.9% CAGR during the forecast period.
The Continuous Inkjet (CIJ) Printer market is generating high revenue in the Global Coding And Marking Equipment Market by Product Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $6,890.5 Million by 2027. To support high-quality, fast-paced manufacturing for a variety of use cases, CIJ printers use a non-contact technology to deliver versatile and dependable coding. The strong market penetration of these printers and their inks, as well as their widespread availability, would fuel the growth of the segment. To protect their market position, several market participants are advancing their CIJ printers.
The Pharmaceutical market is expected to witness a CAGR of 5.4% during (2021 - 2027). The pharmaceutical and healthcare industry's incumbents must code and identify their products and packaging methods as soon as possible. Manufacturers must directly code their products and packaging, and the code's specifics must be approved by the relevant regulatory organizations. Stringent laws are driving the demand for serialization and reliability, as well as the requirement to ensure that each product is properly coded and marked.
The North America market is the fastest growing region in the Global Coding And Marking Equipment Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $6,263.9 Million by 2027. The Europe market is expected to witness a CAGR of 4.2% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 6.5% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/coding-and-marking-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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