Continuous Ink Jet Technology to Dominate Worldwide Coding and Marking Market in 2021

Market research analysts at Beige Market Intelligence forecast the Worldwide Coding and Marking market to grow at a CAGR of over 7% by 2021.

Bangalore, India, September 21, 2016 --( Coding and Marking: Coding or marking is essential for the establishment of the authenticity of the product. It is required to inform the supply chain about the information and current destination about a product. It sets a unique identity to the product and enhances its traceability. Previously, the coding procedure was done manually. This used to be labor intensive and was prone to errors. After the advent of highly reliable coding and marking machinery, it was largely adopted by companies across varied industries. The market is expected to boom in future.

Market research analysts at Beige Market Intelligence, forecast the Worldwide Coding and Marking market to grow at a CAGR of over 7% by 2021.

The recently released report “Worldwide Coding and Marking Market-Strategic Assessment and Forecast till 2021” provides an in-depth market analysis of market size and growth of Worldwide Coding and Marking market. This market research includes a detailed market segmentation of the Worldwide Coding and Marking Market by technology segment as well as geographic segment.

The coding and marking market by technology is segmented as Continuous Ink Jet Printer (continuous inkjet), laser, Piezo Ink Jet Printer (piezo), Print and Apply Labelling Products (palm), Thermal Ink Jet Printer (tij), Thermal Transfer Overprinting Printer (tto), Valve Jet Printer (vij). According to the market research report the continuous inkjet printer is analysed to have the major market share.

Continuous Ink Jet Printer Continuous Inkjet Technology Segmentation
Continuous inkjet coding technique is the most commonly used coding and marking technique. This is mainly because the procedure of installation of this type of printer is easy. It can also be opted to print on any type of surface. The technology has a high pressure pump which targets the ink through a nozzle onto the surface of the target material. The continuous inkjet printers are the oldest type of printer. The continuous inkjet printer market held the highest market share of 31% of the coding and marking market share in 2013. So it is expected that the continuous inkjet printer is going to remain as the highest market share holder till 2021.

The analyst at Beige Market Intelligence forecast that continuous inkjet is expected to dominate the worldwide coding and marking market in 2021. The major factor driving the continuous inkjet market is easy installation and affordable price as compared to other printer. The Laser coding and marking market has the second highest growth rate followed by the continuous inkjet. Also the Thermal transfer overprint coding and marking market is expected to have the highest growth rate of 8.12 percent in comparison to the worldwide CAGR of 7.33 percent during the forecast period 2016-2021.

The report also presents the vendor landscape and a corresponding detailed analysis of the five key market vendors. It lists the value chain analysis of the respective market. In addition, it discusses the major drivers that influence the growth of the market and the restraints faced by vendors and the market at large. The report also outlines the key trends emerging in the market that will contribute to the growth.

The major vendors outlined in the report are include Dover, Danaher, Domino Printing Sciences, ITW, Matthews International.

Other prominent vendors in the market include Control Print, ID Technology, Iconotech, Macsa, Hitachi Industrial Equipment Systems, Weber Marking Systems, Xaar.

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