The Indian coding and marking systems market is forecasted to reach $70.6 million by 2023, the market is mainly driven by the growth in the manufacturing and packaging industries and the increasing use of coding and marking systems in various industries, according to P&S Intelligence.
Insights into market segments
On the basis of technology, the Indian coding and marking systems market is categorized into continuous inkjet, thermal transfer overprinting (TTO), thermal ink jet, drop on demand (DoD), print and apply labelers, laser coding and marking, and others.
Among all these, continuous inkjet was the largest category in the market during the historical period, with a contribution of more than 45.0% revenue share in 2017. This can be attributed to its lower cost as compared to other categories. Besides, continuous inkjet systems are more reliable in a high-pressure environment and more suitable for high-speed printing. These systems have the ability to print characters on virtually any material and can run for longer hours, with minimum service requirement, which makes them cost-effective too.
Based on end user, the Indian coding and marking systems market is categorized into food and beverage, electrical and electronics, automotive and aerospace, chemical, healthcare, and others. Of all these, the food and beverage industry was the largest end-user category in the market in 2017, with a contribution of more than 45.0% share in terms of value. To meet packaging standards and ensure quality, manufacturers around the world are using these systems to provide clear and comprehensible information to the consumers.
Browse report overview with detailed TOC on "India Coding and Marking Systems Market by Technology (Continuous Inkjet, Thermal Transfer Overprinting, Thermal Ink Jet, Drop on Demand, Print & Apply Labelers, Laser Coding & Marking), by End User (Food & Beverage, Electrical & Electronics, Automotive & Aerospace, Chemical, Healthcare) – Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at:https://www.psmarketresearch.com/market-analysis/india-coding-and-marking-systems-market
Players operating in the Indian coding and marking systems market are optimistic about the market growth because of the growing consumption of packaged foods and other related products. Manufacturers have started paying more attention to the information printed on the packages for the end users. Besides, the growing packaging industry in the country is one of the major factors driving the market growth. With advancements in technology, the packaging industry is expected to witness robust growth in the coming years, because of the easy availability of raw materials. This, in turn, is expected to boost the demand for coding and marking systems in the country.
Evolution of digital printing solutions is expected to create growth opportunities in the market
Digital printing solutions are evolving in the country and offering various advantages to the local manufacturers. Digital printing solutions help print millions of characters using just a liter of ink. Also, the ink used in digital printers dries out quickly, resulting in no wastage of time during the process. This makes the process quicker, more efficient, and more cost-effective, as compared to traditional conventional printing techniques. Hence, owing to the various advantages offered by the digital printing technology, players in the Indian coding and marking systems market are gradually switching to the development and marketing of digital coding and marking solutions.
India Coding and Marking Systems Market Competitive Landscape
Some of the major players in the Indian coding and marking systems market are Danaher Corporation, Dover Corporation, Domino Printing Sciences plc, Control Print Limited, and Hitachi Ltd.
INDIA CODING AND MARKING SYSTEMS MARKET SEGMENTATION
By End User