Global Food And Beverage Coding And Marking Equipment Market- Industry Analysis And Forecast (2020-2026)

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Global Food and Beverage Coding and Marking Equipment Market- Industry Analysis and Forecast (2020-2026)

The Global Food and Beverage Coding and Marking Equipment Market size is expected to reach US$ XX Bn. by 2026 from US$ 1.5 Bn. in 2019, at a CAGR of XX% during the forecast period.
Global Food and Beverage Coding and Marking Equipment Market Introduction

Coding and marking is considered to be the most vital part of the manufacturing and logistics process in consumer and industrial products. It is the system that is extensively being used to print the details on the product and packaging relating to manufacturing date, lot size, expiry date, and other details in order to disperse authentic information to the customers. Common marking and coding formats include barcodes, QR codes, and 2D codes, and include information about the product's price, manufacturing date, batch number, expiry date, shelf life, ingredients, and industry certifications. Marking and coding maintain a brand image as it assures customers the freshness and authenticity of the product. With the help of marking and coding the products are traced easily and help in improving product supply.
Global Food and Beverage Coding and Marking Equipment Market Dynamics

In recent years, the increasing number of dummy products has made it mandatory for governments of various nations to implement strict regulations. Food and beverage manufacturers are informed strictly to print detailed information on the packaging. These stringent regulations have created a positive impact on the coding and marking industry. Also, rising health concerns are encouraging consumers to look for products with tags. The global F&B marking and coding equipment have witnessed a series of technological advancements. The market is shifting towards automation owing to the increased demand for chemicals, F&B, healthcare, and electrical industries. Stringent regulations related to food and drugs, as well as industrial products is expected to innovate new solutions in upcoming years.

Manufacturers are focusing on introducing printers that recycle unused ink to reduce waste and production costs. Also, equipment with lower replacement requirements reduces downtime. Increasing urbanization and busy lifestyles lead to an increase in the consumption of packaged foods, packaged fruit juice, canned foods, frozen foods, bottled water, and others which has boosted the growth of the packaged food and beverage industries. Thus, increasing the demand for coding and marking systems in the food and beverages industry.

The high cost of coding and marking systems is expected to hinder the growth of this market.
Global Food and Beverage Coding and Marking Equipment Market Segment Analysis

By Technology, Continuous inkjet printer dominated the market and is expected to continue in the forecast period.

The continuous inkjet printer has almost become common equipment in the production line of the food and beverage industry. Continuous inkjet printers give you an advantage over other technologies, including laser and TTO, because they are versatile and capable of printing on bottles, caps, lids, cartons, plastic bottles, glass, aluminum cans, and even flexible pouches. The major advantage is the versatility due to the very high velocity of the ink droplets. Other features of CIJ printers such as- Simple and reliable, easy installation, can run for many hours before requiring service, which lowers costs are contributing to the segment expansion. In the most high-pressure environments, continuous inkjet printers are reliable and cost-effective. A variety of ink is available offering low evaporation and a wide range of colors. With fast dry times, CIJ printers provide an ideal solution for fast-moving production lines. Domino Printing Sciences is a market leader in the field of CIJ technology. In 2017, Domino Printech India LLP launched the Ax-Series, a new range of continuous inkjet (CIJ) printers optimized for the most demanding industrial packaging environments and more suitably designed for market conditions. This has resulted in a comprehensive re-engineering of the technology that will reset customer expectations of productivity, quality, and cost of ownership.

By Industry, the market is expected to boost due to increasing demands for F&B and Healthcare.

The key requirements of coding and marking equipment in the healthcare industry are reliability and serialization. It is important to achieve the highest quality standards and requirements regarding traceability of the code and durability of the coding and marking equipment. Security, reliability, consistency, and quality are strict printing requirements for healthcare and personal care products and packaging. The healthcare industry has remained a key end-user for the coding and marking solutions due to the high applicability for several devices and drugs. Also, healthcare spending worldwide is expected to grow at an annual rate of more than 5% during the period 2018-2022. Developed economies are further set to experience an increase in per-person spending on healthcare.
The food industry is required to keep track of a lot of information about their products to ensure their products are safe, handled correctly, and comply with FDA and other mandated regulations.

Global Food and Beverage Coding and Marking Equipment Market

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Global Food and Beverage Coding and Marking Equipment Market Regional Insights

Regional Insights

36% of the market’s growth is expected to originate from Europe during the forecast period. Germany and France are the key markets for food and beverage coding and marking equipment in Europe. European Union has introduced strict regulations for labeling, coding, and marking of food and beverages.

The food and beverage coding and marking equipment in the market in the Asia Pacific and Middle East & Africa is expected to see strong growth in the coming years. The rising demand for coding and marking equipment and services from various Middle East economies is one of the prime factors that will facilitate the food and beverage coding and marking equipment market.

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Global Food and Beverage Coding and Marking Equipment Market1

Global Food and Beverage Coding and Marking Equipment Market, by Region

• North America
• Europe
• APAC
• MEA
• South America
Global Food and Beverage Coding and Marking Equipment Market Key Players

• Brother Industries, Ltd.
• Danaher Corporation
• Dover Corporation
• Hitachi, Ltd.
• Illinois Tool Works Inc.
• Domino
• Diagraph
• ID Technology
• Superior Case Coding
• Universal Labelling
• SATO America
• Durable Technologies
• Jantech Marketing Equipment

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