Asia-Pacific Coding and Marking Systems Market, By Technology Type (Continuous Inkjet, Laser Coding, Thermal Inkjet, Piezo, Others), Type (Small Character Inkjet Printers, High-Resolution Inkjet Printers, Large Inkjet Printers, Laser Systems, and Spray Market Systems), Application (Secondary, Tertiary, Primary), Material (Plastics, Paper & Cardboard, Metal, Wood, Textiles (Excluding Carpet and Fleece), Foils, Organic Surfaces, Rubber, Carpet, Fleece, and Others), Number of Nozzles (Single Nozzle, Multiple Nozzles), End Use (Food & Beverage, Pharmaceuticals, Electrical & Electronics, Automotive & Aerospace, Personal Care, Construction, Chemical Manufacturing, and Others)- Industry Trends and Forecast to 2030.
Asia-Pacific Coding and Marking Systems Market Analysis and Size
Asia-Pacific coding and marking systems market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.8% in the forecast period of 2023 to 2030 and is expected to reach USD 2,052,880.21 thousand by 2030. The growing use of coding and marking systems in various industries has been the major driver for the Asia-Pacific coding and marking systems market.
The Asia-Pacific coding and marking systems market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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By Technology Type (Continuous Inkjet, Laser Coding, Thermal Inkjet, Piezo, Others), Type (Small Character Inkjet Printers, High-Resolution Inkjet Printers, Large Inkjet Printers, Laser Systems, and Spray Market Systems), Application (Secondary, Tertiary, Primary), Material (Plastics, Paper & Cardboard, Metal, Wood, Textiles (Excluding Carpet and Fleece), Foils, Organic Surfaces, Rubber, Carpet, Fleece, and Others), Number of Nozzles (Single Nozzle, Multiple Nozzles), End Use (Food & Beverage, Pharmaceuticals, Electrical & Electronics, Automotive & Aerospace, Personal Care, Construction, Chemical Manufacturing, and Others)
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Countries Covered
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China, India, Japan, South Korea, Indonesia, Thailand, Singapore, Australia, New Zealand, Philippines, Vietnam, Malaysia and Rest of Asia-Pacific
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Market Players Covered
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Danaher, Weber Marking Systems GmbH, Dover Corporation, Novanta Inc., REA Elektronik GmbH, ProMach Inc., Leibinger Group, Codeline Automation, CONTROL PRINT LTD., Hitachi, Ltd., Illinois Tool Works Inc., Matthews International Corporation, Brother Industries, Ltd., and HSA Systems A/S among others
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Market Definition
Coding and marking systems are widely used in automotive coding. Coding and marking are used to print part numbers or anti-counterfeit labels on auto parts to prevent the sale of counterfeit parts. Encoding and marking devices are used to print specific product details onto the product case. This information is intended to provide end users and manufacturers with reliable information about their products. The coding includes, among other things, the printing of the date of manufacture, the expiry date, and the size of the packing lot. By printing codes or labels on products, manufacturers can reduce the risk of counterfeiting and protect the brand image of the end consumer.
Asia-Pacific Coding and Marking Systems Market Dynamics
This section deals with understanding the market drivers, opportunities, challenges, and restraints. All of this is discussed in detail below:
Drivers
- Rising demand in the automotive industry
The rising demand for coding and marking systems in the automotive industry has increased due to the increased sales of counterfeit products. Therefore, manufacturers use coding and marking systems to decrease the usage of counterfeit products in the market and frequently use coding and marking systems to code part number labels on vehicle machinery. Coding and marking equipment must be able to comfortably meet the complex demands of automotive manufacturers in an industry that requires information to be printed onto individual components at various stages of the manufacturing process. Robust coders must provide trouble-free integration into existing processes and then operate consistently in demanding production environments. Manufacturers are seeking Asia-Pacific traceability and containment solutions, as well as the ability to print their logo, production date, expiry date, LOT number, part numbers, and other information on their products.
- Increasing use of coding and marking systems in various industries
Many industries are using coding and marking technologies, such as FMCG, food and beverages, electronic products, metals, rubber, textile, chemical and agrochemical, seeds, construction, healthcare, and pharmaceuticals. The increasing demand for packaged food, healthier packaged food, and increased urbanization are increasing the consumption of these products, which is further increasing the demand for coding and marking systems. The food and pharmaceutical industries are among the most regulated in terms of supply chain traceability. Coding and labeling products contribute to total traceability, protecting both consumers and businesses by using batch numbers, barcodes, and expiration dates. As coding technologies evolve with real-time reporting and analytics, consumers will be able to gain more transparent insights into the origins of the components that comprise a product.
Opportunities
- Stringent government rules for coding and marking systems
Governments across the globe have been implementing new packaging and labeling regulations. Many packaging companies are being forced to make significant investments in coding and marking equipment in order to comply with regulations and avoid penalties. Several companies are using advanced technologies such as Data Set to identify and track products in industries like food and beverage, healthcare, pharmaceutical, and others. Many governments around the world are imposing stringent packaging and labeling regulations. This regulation requires red color coding on the sides of the pack labels of packaged food products with high fat, high sugar, and high salt content levels. As a result, coding has become more popular all around the globe.
- Increasing use of laser coding
The demand for laser coding technology has increased significantly, mainly due to its characteristics and feasibility in various industrial applications by end users. For instance, laser coding solutions are gaining popularity in consumer goods such as cosmetics, personal care, food service, and automotive. Laser coding machines represent the latest advances in coding and marking technology and are used to print codes onto metal or metallic objects and other items. As customer demand for advanced technology increases, end-user manufacturers are turning to laser technology. Laser encoders offer high-speed continuous marking and the ability to deliver high-resolution codes or logos for brand protection. They provide sharp, detailed marking capabilities, which is useful in many end-use industries. Additionally, manufacturers of coding and marking systems are focusing on providing environmentally friendly solutions to meet the growing demand from various end-use sectors, such as food and packaging envelopes.
Restraint
- High cost of coding and marking equipment and improper printed codes
New equipment for industrial printing techniques, such as coding and marking, has emerged, promising to improve these processes' efficiency. However, the development and application of coding and marking equipment have evolved as a result of shifting packaging formats and design complexities. Barcodes that are not properly printed, trademarks that are damaged, and best-before information that is lost because printed ink fades can all lead to misunderstandings between businesses and customers. A lack of appropriate codes can cause products to lose popularity, and manufacturers may be plagued by ineffective traceability.
Challenge
- High installation cost and operational errors
Negligence and human error can often harm the interests of market makers and sellers. This is a major challenge in the end-use industry that manufacturers are constantly focusing on. In large manufacturing companies, workers typically work shifts, increasing human-machine interaction. This tends to increase the margin for error as the printing process takes longer to learn. Moreover, it takes away time and resources from businesses that could be used elsewhere.
Coding and marking equipment tend to be very expensive. Therefore, installing coding and marking systems is a challenge. All supply chain participants, especially smaller companies, may not have the financial resources to build the infrastructure needed to implement coding and marking systems. High operating costs will be a major challenge for the market during the forecast period.
Recent Developments
- In December 2021, Koenig & Bauer introduced a special packaging for premium tobacco leaves with laser marking. This task will be performed on-site in the future by the semi-automatic udaFORMAXX Offline coding system, which is equipped with a CO2 marking laser for permanent marking without smudging
- In June 2022, CONTROL PRINT LTD. launched a new product Pench, which is a continuous inkjet printer. It is mainly used for sectors like cable, wire, steel, and other ultra-fast high-speed applications, as it can print at a pace of up to 700-m/min. The product launch will help the company to expand its product portfolio and customer base in various end-use industries
Asia-Pacific Coding and Marking Systems Market Scope
The Asia-Pacific coding and marking systems market is categorized based on technology type, type, application, number of nozzles, material, and end-use. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Technology Type
- Continuous Inkjet
- Laser Coding
- Thermal Coding
- Piezo
- Others
On the basis of technology type, the coding and marking systems market is segmented into continuous inkjet, laser coding, thermal inkjet, piezo, and others.
Type
- Small Character Inkjet Printers
- High Resolution Inkjet Printers
- Large Inkjet Printers
- Laser System and Spray Market Systems
On the basis of type, the coding and marking systems market is segmented into small character inkjet printers, high resolution inkjet printers, large inkjet printers, and laser system and spray market systems.
Application
- Primary
- Secondary
- Tertiary
On the basis of application, the coding and marking systems market is segmented into primary, secondary, and tertiary.
Number of Nozzles
- Single Nozzle
- Multiple Nozzles
On the basis of number of nozzles, the coding and marking systems market is segmented into single nozzle and multiple nozzles.
Material
- Plastics
- Paper & Cardboard
- Metal
- Wood
- Textiles (Excluding Carpet and Fleece)
- Foils
- Organic Surfaces
- Rubber
- Carpet
- Fleece
- Others
On the basis of material, the coding and marking systems market is segmented into plastics, paper & cardboard, metal, wood, textiles (excluding carpet and fleece), foils, organic surfaces, rubber, carpet, fleece, and others.
End-Use
- Food & beverage
- Pharmaceuticals
- Electrical & electronics
- Automotive & aerospace
- Personal care
- Construction
- Chemical manufacturing
- Others
On the basis of end-use, the coding and marking systems market is segmented into food & beverage, pharmaceuticals, electrical & electronics, automotive & aerospace, personal care, construction, chemical manufacturing, and others.
Asia-Pacific Coding and Marking Systems Market Regional Analysis/Insights
The Asia-Pacific coding and marking systems market is segmented on the basis of technology type, type, application, number of nozzles, material, and end use.
The countries in the coding and marking systems market are China, India, Japan, South Korea, Indonesia, Thailand, Singapore, Australia, New Zealand, Philippines, Vietnam, Malaysia, rest of Asia-Pacific.
China is expected to dominate the Asia-Pacific coding and marking systems market due to the increasing demand in the automotive industry.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Coding and Marking Systems Market Share Analysis
The Asia-Pacific coding and marking systems market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the Asia-Pacific coding and marking systems market.
Some of the major market players operating in the Asia-Pacific coding and marking systems market are Danaher, Weber Marking Systems GmbH, Dover Corporation, Novanta Inc., REA Elektronik GmbH, ProMach Inc., Leibinger Group, Codeline Automation, CONTROL PRINT LTD., Hitachi, Ltd., Illinois Tool Works Inc., Matthews International Corporation, Brother Industries, Ltd., and HSA Systems A/S among others.
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