India Coding and Marking Systems Market Future Prospects
The Indian coding and marking systems market is estimated to have stood at USD 60.0 million in 2024, and it is expected to reach USD 127.6 million by 2030, advancing at a CAGR of 13.4% during 2024–2030. This is due to the stringent government regulations on product labeling and increasing traceability requirements across industries.
Another major driving factor for the market is the growing manufacturing and packaging industries. In addition to this, the increasing application of these machines in the food and beverage and pharmaceutical industries is driving the industry growth.