U.S. Coding and Marking Consumables Future Prospects
The U.S. coding and marking consumables market will generate an estimated revenue of USD 213.6 million in 2024, which is expected to witness a CAGR of 5.5% during 2024–2030, to reach USD 294.3 million by 2030. This is due to the rapid growth of industries in the region, evolving preferences of consumers, modification of standard regulations, and implementation of advanced technology.
Coding and marking is a process of imprinting information on products and packaging to enhance the identification and tracking for consumers, including the tracking barcode, batch code, serial numbers, and expiry date. Additionally, it assists manufacturers with meeting regulatory requirements, ensuring product safety and quality, and tracking items throughout the manufacturing process. It also helps prevent trademark infringement.