India Coding and Marking Systems Market Report 2022-2030 – Replacement of Analog Technologies with Digital Coding Solutions is Gaining Momentum
DUBLIN, May 05, 2022–(BUSINESS WIRE)–India Coding and Marking Systems Market Report – By Offer, Systems, End User – Revenue Estimate Through 2030″ has been added to from ResearchAndMarkets.com offer.
The Indian Coding and Marking Systems market value is expected to grow to $127.6 million by 2030 from around $42.7 million in 2021, growing at a CAGR of over 12% during the 2021 period -2030.
The main reason behind this would be the rapid growth of the food and beverage industry, where these machines are a government mandate. Hence, the growing demand for packaged food and beverages, owing to India’s economic growth, is increasing the demand for coding and marking systems.
This demand was further highlighted during the COVID-19 pandemic, which boosted the sale of packaged and pre-cooked foods. With people being forced indoors, footfall in grocery stores has declined and online food and drink orders have increased, propelling the demand for high-quality packaging. The government mandates proper labeling of all such products with the list of ingredients, manufacture and expiry dates, nutritional information and manufacturer details.
Encouraged by the growth of various industries in the country, printing companies are expanding their manufacturing output and product portfolio. For example, Markem-Imaje Group (a subsidiary of Dover Corporation) inaugurated a new office and factory in Bhiwadi, Rajasthan in November 2020. The complex houses production facilities for printers and printing inks , sampling centers and laboratories.
Similarly, Domino Printing Sciences plc, a key player in the Indian coding and marking systems market, launched a UV-curable black ink for the food industry in April 2020.
UV97BK ink meets food packaging safety standards and works with inkjet printers, the most popular of all coding and marking systems in the country today. Other key companies in the sector are Danaher Corporation, Control Print Limited, RYNAN Technologies Pte Ltd., Hitachi Ltd. and Kishu Giken Kogyo Co. Ltd.
Key Findings of India Coding and Marking Systems Market Report
Actual coding and marking systems record higher sales compared to software due to their wide use in a range of industries including FMCG, Pharmaceuticals, Chemicals, Automotive, electricity and electronics.
Most of the end users in the Indian market of coding and marking systems prefer printers based on continuous ink jet technology because it allows high speed printing, can work on virtually any material for long periods of time. hours, has minimal maintenance requirements and is cost effective.
FMCG companies are the heaviest users of coding and marking systems and software due to their strict government mandates to provide explicit product details on packaging.
Users are now shifting to digital rather than analog technologies as digital printing solutions allow large volumes to be printed at high speeds.
The manufacturing sector is a lucrative area of opportunity for players in the Indian coding and marking systems market, as production machines and their individual components are now widely coded for track and trace purposes.
Moreover, the Indian government is taking many initiatives to boost the domestic manufacturing of FMCG and pharmaceuticals, electronics and automobiles, all of which require proper coding and marking.
Main topics covered:
Chapter 1. Research Context
1.1 Research objectives
1.2 Market Definition
1.3 Scope of research
1.4 Analysis period
1.5 Market Data Reporting Unit
1.6 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary research
2.2 Primary research
2.3 Market Size Estimation
2.4 Data triangulation
2.5 Currency Conversion Rates
2.6 Assumptions of the study
2.7 Notes and Cautions
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 per offer
4.1.1 by software solution
4.1.2 by technology
18.104.22.168 Continuous ink jet
22.214.171.124 Thermal inkjet
126.96.36.199 Print and apply labeling
188.8.131.52 Laser coding and marking
4.2 by end user
184.108.40.206 Automotive accessories
220.127.116.11 Personal care products
18.104.22.168 White goods
22.214.171.124 Household cleaning products
4.2.3 Electricity and electronics
4.2.5 Chemicals and agrochemicals
126.96.36.199 Small sachets/Packaging chemicals
4.3 Value chain analysis
4.4 Market Dynamics
188.8.131.52 Replacement of analog technologies with digital encoding solutions
184.108.40.206 Strict government regulations and increasing traceability requirements
220.127.116.11 Growth of manufacturing and packaging industries
18.104.22.168 Growing Application of Coding and Marking Systems in Food and Beverage Industry
22.214.171.124 Impact Analysis of Drivers on Market Forecast
126.96.36.199 High cost of after-sales service
188.8.131.52 Capitalistic nature of the systems
184.108.40.206 Market Forecast Restrictions Impact Analysis
220.127.116.11 Evolution of digital printing solutions
4.5 Porter’s Five Forces Analysis
4.5.1 Bargaining power of buyers
4.5.2 Bargaining power of suppliers
4.5.3 Intensity of rivalry
4.5.4 Threat of new entrants
4.5.5 Threat of Substitutes
4.6 Impact of Covid-19
Chapter 5. India Market Size and Forecast
5.1 Market, by offer
5.1.1 Bid market, by systems
5.2 Market, by end user
5.2.1 Fmcg Coding and Marking Systems Market, by Type
5.2.2 Construction Coding and Marking Systems Market, by Type (2015-2030)
5.2.3 Chemicals and Agrochemicals Coding and Marking Systems Market, by Type
5.2.4 Automotive Accessory Coding and Marking Systems Market, by Type
5.3 Integration Software Market, By End User
Chapter 6. Competitive Landscape
6.1 Key Players Competitive Benchmarking
6.1.1 Competitive Benchmarking of Key Coding and Marking System Manufacturers
6.1.2 Competitive Benchmarking of Major Coding and Tagging Software Solution Vendors
6.1.3 List of potential distributors
6.2 Major Players Market Share Analysis
6.3 Recent Strategic Developments of Key Players
6.3.1 Facility expansions
6.3.2 Product launches
Chapter 7. Business Profiles
Domino Printing Sciences plc
Limited control printing
Ryanan Technologies Pte Ltd.
Kishu Giken Kogyo Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/m46dre
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220505005755/en/
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