Coding and Marking Equipment Market to grow by USD 1.54 Billion (2025-2029), driven by rising need for product traceability, AI redefining market landscape - Technavio

NEW YORK, Jan. 28, 2025 /PRNewswire/ -- Report with market evolution powered by AI - The global coding and marking equipment market size is estimated to grow by USD 1.54 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 6.8% during the forecast period. Increasing need for product traceability is driving market growth, with a trend towards deploying of equipment leasing business model. However, high operational costs poses a challenge. Key market players include ATD Ltd., BestCode, Brother Industries Ltd., Control Print Ltd., Cyklop International, Danaher Corp., Dover Corp., Engage Technologies Corp., Hitachi Ltd., ITW Marking and Coding, Illinois Tool Works Inc., Keyence Corp., Matthews International Corp., MULTIVAC Sepp Haggenmuller SE and Co. KG, Overprint Ltd., Paul Leibinger GmbH and Co. KG, Pro Mach Inc., REA Elektronik GmbH, RN Mark Inc., and SATO Holdings Corp..

Technavio has announced its latest market research report titled Global Coding And Marking Equipment Market 2025-2029
Technavio has announced its latest market research report titled Global Coding And Marking Equipment Market 2025-2029

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Coding And Marking Equipment Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 - 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 6.8%

Market growth 2025-2029

USD 1541.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.3

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

China, Japan, US, Germany, UK, India, South Korea, France, Canada, and Italy

Key companies profiled

ATD Ltd., BestCode, Brother Industries Ltd., Control Print Ltd., Cyklop International, Danaher Corp., Dover Corp., Engage Technologies Corp., Hitachi Ltd., ITW Marking and Coding, Illinois Tool Works Inc., Keyence Corp., Matthews International Corp., MULTIVAC Sepp Haggenmuller SE and Co. KG, Overprint Ltd., Paul Leibinger GmbH and Co. KG, Pro Mach Inc., REA Elektronik GmbH, RN Mark Inc., and SATO Holdings Corp.

Market Driver

The Coding and Marking Equipment market is experiencing significant growth, particularly in sectors like Flexible Packs, Medical Equipment, Food Safety, and Pharmaceuticals. Flexible packs require advanced marking solutions for brand protection and traceability. In the Medical Equipment industry, marking equipment ensures product identification and sterilization with disinfectants and masks. Food Safety and Food and Beverage sectors prioritize product traceability through serialization, tracking codes, and RFID tagging. Counterfeit automobile parts and pharmaceuticals are combated with unique product identifiers and brand protection technologies. Inkjet printers, laser markers, and thermal transfer printers cater to various industries, including Pharmaceuticals and Healthcare, Electronics, Aerospace and Defense, and Food Packaging. Online transactions necessitate high-resolution inkjet coders for information display and labeling. Continuous Inkjet (CIJ) and Thermal Inkjet (TIJ) technologies, along with Laser Marking and Thermal Printing, provide solutions for various packaging types, such as PET bottles, containers, and secondary packaging materials. Brand protection and artwork management systems, like Linx laser coders, ensure product authenticity and compliance with regulations. SIS Ink Solution offers continuous inkjet ink and solvent products for various marking applications.