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Based on technology, the coding and marking systems market is categorized into continuous inkjet, thermal transfer overprinting, thermal inkjet, drop on demand, print & apply labelers, laser coding & marking, and valve jet & hot melt inkjet, of which continuous inkjet held the largest share in the Indian coding and marking systems market. The highest share of the continuous inkjet category in the market is due to the high printing speed, easy to install, and cost-effectiveness.
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Indian Coding And Marking Systems Market The Indian coding and marking systems market is predicted to grow at 8.9% CAGR during the forecast period (2021–2027) to reach USD 649.3 million by 2027. The Indian market is primarily driven by the extensive growth in the manufacturing sector, packaging industry, pharmaceutical industry, and increasing need for product authentication and brand protection. Moreover, these systems enable the manufacturers to track the products along with the enhanced focus of the manufacturers towards safety concerns, quality assurance of the product and brand establishment. The highest share of the continuous inkjet category in the market is due to the high printing speed, easy to install, and cost-effectiveness.
Indian Coding And Marking Systems Market The food and beverage industry is estimated to be the largest end-user category in the market in 2020. This is primarily due to the strict government regulations towards marking information on the food and beverage products. Increasing urbanization and busy lifestyle lead to 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, increases the demand of coding and marking systems in food and beverages industry, which has positively impacted the growth of the Indian market.
Indian Coding And Marking Systems Market Domino Printing Sciences Plc, Videojet Technologies Inc. (subsidiary of Danaher Corporation), MarkemImaje S.A. (subsidiary of Dover Corporation), and Control Print Limited, having a combined market share of 80.0% – 90.0% in the Indian coding and marking systems market. Some of the major players operating in the Indian coding and marking systems market are Danaher Corporation, Dover Corporation, Domino Printing Sciences plc, Control Print Limited, and Hitachi Ltd.
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