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The Coding & Marking Market size is estimated to reach $10.8 billion by 2030, growing at a CAGR of 6.05% during the forecast period 2024-2030
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TABLE OF CONTENTS Topics Slide No Chapter 01: Coding and Marking Market Overview - 004 Chapter 02: Coding and Marking Market Executive Summary - 019 Chapter 03: Coding and Marking Market Landscape - 023 Chapter 04: Coding and Marking Market Forces - 032 Chapter 05: Coding and Marking Market Strategic Analysis - 041 Chapter 06: Coding and Marking Market - By Technology Type - 048 Chapter 07: Coding and Marking Market - By End-use Industry - 057 Chapter 08: Coding and Marking Market - By Geography - 066 Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Chapter 09: Coding and Marking Market Company Profiles - 086 Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
CHAPTER - 01 CODING & MARKING MARKET OVERVIEW Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
1.1 DEFINITIONS AND SCOPE (1/4) Definition •The coding & marking market refers to the industry involved in developing and supplying technologies and solutions for product identification and traceability. It encompasses a wide range of coding methods and marking techniques used across various industries to label products with essential information. •The Coding & Marking Involves advanced coding technologies such as inkjet printing, laser coding, thermal printing, and others. These technologies enable the printing of alphanumeric codes, barcodes, and QR codes on diverse surfaces, facilitating product tracking and authentication. •Coding & Marking are Primarily used for product labeling, batch coding, expiration date marking, and serialization. Applications extend to printing on various substrates such as paper, plastic, metal, and glass. •Driven by the increasing need for product traceability, compliance with regulations, and anti-counterfeiting measures. Continuous technological advancements, like the integration of Industry 4.0 and smart coding solutions, further propel market growth. •The market exhibits a global presence with key players operating across regions. Demand is influenced by regional manufacturing activities, regulatory requirements, and the adoption of coding solutions in different industries. •Anticipated growth in demand driven by e-commerce expansion, the need for sustainable packaging, and increased focus on supply Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC chain efficiency. Integration of artificial intelligence and machine learning for predictive maintenance and enhanced coding precision. Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
1.1 DEFINATIONS AND SCOPE (2/4) Segment Outlook By Technology Type By End-Use Industry By Geography • Drop-On-Demand (DOD) • Continuous Inkjet (CIJ) • Thermal Inkjet (TIJ) • Thermal Transfer Overprinting (TTO) • Laser Coding System • Large Character Marking (LCP) • Label Print Applicator (LPA) • Others • Healthcare & Pharmaceuticals • Personal Care & Toiletries • Food & Beverages • Electronics • Instrument & Machinery • Automotive & Aerospace • Chemicals & Materials • Others • North America (U.S., Canada, Mexico) • South America (Brazil, Argentina, Colombia, Chile, Rest of South America) • Europe (France, Germany, Italy, Netherlands, U.K., Russia, Spain, and Rest of Europe) • APAC (China, Japan, India, Australia, South Korea, Indonesia, Malaysia, and Rest of APAC) • RoW (Middle East Africa) Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
1.1 DEFINATIONS AND SCOPE (3/4) Technology Type ❖ The classification of Coding & Marking by technology type are Drop-On-Demand (DOD), Continuous Inkjet (CIJ), Thermal Inkjet (TIJ), Thermal Transfer Overprinting (TTO), Laser Coding System, Large Character Marking (LCP), Label Print Applicator (LPA) and Others. ❖ Diverse ink formulations cater to specific coding requirements, including UV-curable, solvent-based, and water-based inks. Adaptability to different substrates and environmental considerations play a vital role in technology selection. ❖ Integration of multiple coding technologies to enhance versatility and address specific industry needs. Hybrid systems may combine CIJ, TIJ, and laser coding for comprehensive and customizable coding solutions. ❖ Coding & Marking solutions offer varying levels of customization and scalability to meet the evolving needs of different industries and production scales. Scalable solutions enable businesses to adapt coding technologies as production volumes change. End-Use Industry ❖ The end-user industries of coding & marking includes, healthcare & pharmaceuticals, personal care & toiletries, food & beverages, electronics, instrument & machinery, automotive & aerospace, chemicals & materials and others. ❖ Coding & Marking solutions have extensive use for product traceability, expiration date coding, and branding on food and beverage packaging. Coding ensures compliance with food safety regulations, facilitates inventory management, and builds consumer trust. ❖ In the Packaging Industry, Coding & Marking is Integral to coding and marking on various packaging materials, ensuring product information and branding. Supports logistics, inventory management, and brand recognition through accurate and legible coding on packages. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
RESEARCH METHODOLOGY Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
RESEARCH METHODOLOGY (1/9) Research Methodology Flowchart Market Scope & Definition Preliminary Research Data Gathering Data Triangulation Data Synthesis Data Analysis Data Validation Verification Quality Assurance Preliminary Research In the initial stage of research, the scope of Coding & Marking Market is defined. In this preliminary stage, the key data points in the market are identified which can be used to estimate the market to the best extent. The scope of this report Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC primarily focuses on the revenue generated from the services provided by the major players. To better gauge the market, the secondary focus is on different layers of Coding & Marking Market, such as services catering to disparate segments like applications. Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
RESEARCH METHODOLOGY (2/9) For this market, the volume of Coding & Marking Market as well as the varying price points were identified as key informational conjectures for market estimation in 2022. Market performance and trending market dynamics are some of the key questions that are studied during this stage. It also involves studying market factors and changing trends that are expected to affect the market in the future. Data Gathering Based on the scope of the market and the key data points, several secondary sources have been utilized for data gathering. The data gathering stage comprises a team of analysts who gather data by researching secondary research resources, accessing proprietary databases, and with primary research reaching out to key industry participants and opinion leaders (Sales & Marketing Directors, Services, Managers, Market Intelligence Directors as well as Technical Experts and Administrators) throughout the Coding & Marking ecosystem including end-use environments forming a crucial aspect of the value chain. The key sources for estimations remained the investments made by end-user verticals along with the sales figures of services suppliers in the market. Also, various trade bodies and associations were taken into consideration to understand the dynamics of each industry vertical and their respective investment scenarios. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
RESEARCH METHODOLOGY (3/9) Data Synthesis Stakeholders In this stage, a team of analysts incorporates the data that has been gathered by corroborating with various sources. These sources include industry participants, In- Coding & Marking Hardware Providers house models, regulatory bodies key opinion leaders in the market ecosystem, and databases. In this stage, Coding & Marking Software Providers patterns in historical data are identified and compared with the current scenario. Based on the Macro and Micro Coding & Marking Consultants factors prevalent in various geographies, various data models are used to assess the key countries for the Regulatory Bodies market. The analysis also includes the identification of new companies that have entered the market scenario End User Segments and their impact on the market dynamics in the future. The data regarding end users is gathered from various Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC secondary sources (given towards the end of the presentation). Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
RESEARCH METHODOLOGY (4/9) Data Analysis After the corroboration of data, the team of analysts moves toward understanding how the market has evolved over the years. The overall market size is gathered after analyzing various segments and verticals of the market. An impact analysis is also carried out to see which factors will affect the market in the next few years. These factors have been researched concerning prominent economies across different geographic regions to understand their corresponding impact on the market. Verification Data verification is carried out at all stages of research. This stage, however, is dedicated to a more thorough check of all data points, which have been incorporated and rechecked against various data sources. Various C-Level executives and key opinion leaders are contacted for verification of the data. The total market for Coding & Marking Market is verified through the capital expenditure of various industry verticals. The market is also estimated for various key players in each of the service categories, offering another way of cross-validating the data. The data is then summarized and the key findings are disseminated. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
RESEARCH METHODOLOGY (5/9) Forecast Methodology Further, time series forecasting methodology is applied based on the various factors such as the service replacement, propensity to buy a service, suppliers and distribution margins along with the trade dynamics of the leading countries across the region. Average weighted ASPs are also considered while estimating the market value in the report. The estimates are further revalidated with the suppliers and Services operating in the market. However, some macroeconomic factors like inflation are not considered. Forecasting model is an iterative tool and is backed with historical trends of the market along with a regressive mathematical model which assesses the value based on factors such as capital expenditure, services, R&D investments and so on. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
RESEARCH METHODOLOGY (6/9) Assumptions & Research Methodology for Coding & Marking Market Coding & Marking Market Description • Nominal values (i.e. values are not adjusted w.r.t inflation) are considered in the market estimation • The base year is 2022. The forecast period is between 2023 and 2028. Historic and Forecast Value Average weighted selling prices of the Coding & Marking Market with respect to their diversified application are considered while arriving on the market in terms of volume. Pricing Average year USD exchange is considered for the estimation of historic values and average five years exchange rate is considered for forecast values. Exchange Rate Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
RESEARCH METHODOLOGY (7/9) Assumptions & Research Methodology for Coding & Marking Market S.NO SECONDARY SOURCES 1 The Association for Packaging and Processing Technologies 2 Printing Industries of America (PIA) 3 AIM North America 4 Institute of Packaging Professionals (IoPP) 5 Flexographic Technical Association (FTA) 6 International Organization for Standardization (ISO) 7 Packaging Machinery Manufacturers Institute (PMMI) 8 Printing United Alliance Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC 9 International Association of Coding and Marking Professionals (IACMP) Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
RESEARCH METHODOLOGY (8/9) Primary Sources: Coding & Marking Market S.No Designation Company/Organizations 1 Veralto Business Development Manager 2 Dover Corporation Sales Manager 3 Hitachi International Sales Director 4 ID Technology (ProMach) Service Marketing Executive 5 ATD Marking Systems Sales Manager 6 Hitachi Country Head 7 Brother Group Director 8 ID Technology (ProMach) R&D and Business Development Manager Copyright ©2024 IndustryARC Matthews Marking Systems Copyright ©2024 IndustryARC 9 Sales Manager 10 Overprint Limited Marketing Executive Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
RESEARCH METHODOLOGY (9/9) HeXa-Grid Paradigm: 6. Data Presentation Data Analysis, Summarization, Key Finding & Reporting is done for efficient dissemination of information 5. Data Triangulation & Validation After data compilation, it is validated with various key opinion leaders and C-level Executives globally 4. Data Interpretation & Assessment Based on the macro and micro factors prevalent in various geographies, proprietary data models are used to assess the key countries for the market 1. Scope Definition: Defining scope of the Report: Analyzing its Technology Type, end-use industry and Geographic penetration Market Assessment Competitive Landscape 2. Secondary Research: Based on the scope and segmentation, secondary research is done using public, private and subscribed sources 3. Primary Research: Reach out to all the stake holders involved in ecosystem: Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Industry Experts insights taken to gauge and validate key data points Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
CHAPTER - 02 CODING & MARKING MARKET EXECUTIVE SUMMARY Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
2. EXECUTIVE SUMMARY (1/3) Global Coding & Marking Market, 2022-2030 (US$M) 12,000 10,000 Revenue ($M) 8,000 6,000 4,000 2,000 0 2022 2023 2024 2025 2026 2027 2028 2029 2030 Years ❖ The coding & marking market is estimated to grow at a CAGR of 6.1% over the forecast period (2023-2030) and reach US$10,818.1 million by 2030, from around US$6,669.4 million in 2022. ❖ The market for coding & marking industry is influenced by growing adoption of coding and marking solutions across diverse industries to enhance traceability, authentication, and regulatory compliance. ❖ Furthermore, the growth of the market is driven by technological advancements, including innovations in laser and Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC inkjet technologies. These advancements contribute to the expansion of the market, enhancing overall efficiency and aligning with changing consumer demands on a global scale. Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
2. EXECUTIVE SUMMARY (2/3) Coding & Marking Revenue Share, By Technology Type, 2022 (%) Drop-On-Demand (DOD) Continuous Inkjet (CIJ) Thermal Inkjet (TIJ) Thermal Transfer Overprinting (TTO) Laser Coding System Large Character Marking (LCP) Label Print Applicator (LPA) Others ❖ Continuous Inkjet (CIJ) Technology segment dominated the Coding & Marking with a market share of 30.1% in 2022 as the technology is extensively adopted for its high-speed, non-contact printing capabilities. CIJ technology is affordable, both in terms of the initial investment and continuing operating costs. Businesses can find a reliable and effective solution for their coding and marking needs with CIJ technology. ❖ By Technology Type, laser coding system segment is expected to witness the highest growth over the forecast period Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC with a CAGR of 7.6% from 2023 to 2030 as laser coding systems provide high-quality and permanent markings on a variety of materials, including metals, plastics, glass, and paper. Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
CHAPTER - 04 CODING & MARKING MARKET FORCES Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
4.1. DRIVERS - IMPACT ANALYSIS (1/4) Coding & Marking Market - Drivers Short Term Long Term Medium Term (2025-2027) Drivers (2022-2024) (2028-2030) Increasing Demand in the Automotive industry is Driving the Growth of the Market. The Rise of Environmentally-friendly Coding Technologies is enhancing the market growth. Growing Adoption of Coding and Marking Systems in a Range of Industries is Propelling the Market Growth. Low High Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: IndustryARC Analysis & Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
4.1. DRIVERS - IMPACT ANALYSIS (2/4) Increasing Demand in the Automotive industry is Driving the Growth of the Market. ❖ The automotive industry's heightened focus on traceability for quality control and regulatory compliance fuels the demand for advanced coding and marking solutions, ensuring accurate product identification and tracking throughout the supply chain. The complexity of modern automotive supply chains necessitates the implementation of efficient coding and marking solutions for enhanced visibility, improved logistics, and streamlined inventory management, contributing to overall operational optimization. ❖ Increasingly stringent regulations governing product labeling in the automotive sector drive the adoption of coding and marking technologies to meet compliance standards and avoid legal implications. ❖ Rising demand for distinct product identification and differentiation within the competitive automotive market compels manufacturers to employ coding and marking solutions for effective brand representation and consumer recognition. ❖ Ongoing technological advancements in coding and marking systems offer automotive manufacturers innovative tools, enhancing production efficiency, minimizing errors, and facilitating seamless integration into automated manufacturing environments. ❖ According to the International Energy Agency (IEA), sales of electric vehicles surpassed 10 million in 2022, accounting for 14% of all newly sold vehicles—a rise from 9% in 2021. With 60% of all electric car sales worldwide, China is in the lead. Sales of electric cars have increased by over 15% in Europe, making it the second largest market, while sales of electric cars have increased by 55% in the US. The surging popularity and sales of electric vehicles contribute to the growing demand for coding and marking solutions, driven by the unique identification requirements and regulatory standards specific to this evolving segment of the automotive market. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
CHAPTER - 05 CODING & MARKING MARKET STRATEGIC ANALYSIS Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
5.1. VALUE CHAIN ANALYSIS (1/2) Coding & Marking Market Value Chain Coding and Marking Equipment Manufacturing Raw Material Acquisition Technology Integration Regulatory Compliance Distribution and Sales End Users • • • • • • • • Inks Solvents Substrates Printers Laser Markers Inkjet Printers Others Healthcare & Pharmaceutic als Personal Care & Toiletries Food & Beverages Electronics Others • • • • Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: IndustryARC Analysis and Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
5.1. VALUE CHAIN ANALYSIS (2/2) ❖ The value chain analysis explores each activity involved in the processing of a product and finally delivering it to the end users. Each stage of the product or service's value chain is linked to the generation of monetary value. The value chain of a product or service can enable a company to examine each activity along the value chain and identify the steps that must be eliminated or modified. ❖ The value chain of the Coding & Marking Industry is composed of five modules: Raw Materials Acquisition, Coding and Marking Equipment Manufacturing, Technology Integration, Regulatory Compliance, Distributors and Sales, and End-users. ❖ The Coding & Marking value chain encompasses a complex network of suppliers, manufacturers, and distributors, all working together to bring these critical components to various industries. At its core, the value chain starts with the sourcing of raw materials, such as inks, solvents and substrates, which are essential for Coding & Marking. ❖ Manufacturers design and assemble the Coding & Marking equipment, often tailoring them to specific applications, such as aerospace, Military, food and beverage, automotive etc. Following production, distributors play a crucial role in ensuring these products reach end-users efficiently. ❖ In summary, the Coding & Marking value chain is a complex network involving raw material suppliers, Coding and Marking Equipment Manufacturing, distribution channels, integration into end-user products, after-sales services, and a focus on sustainability and innovation. The Coding & Marking industry is experiencing growth, particularly in the context of as Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC businesses across various sectors increasingly prioritize traceability, compliance, and product authenticity, the need for efficient coding technologies has surged. Source: IndustryARC Analysis and Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
CHAPTER - 07 CODING & MARKING MARKET - BY END-USE INDUSTRY Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
7.1. HEALTHCARE & PHARMACEUTICALS (1/8) ❖ The Healthcare & Pharmaceuticals industry involves, Drug packaging, vials, blister packs, labels, and medical devices. Ensures traceability, authenticity, and compliance with regulatory standards. Serialization is crucial for tracking pharmaceutical products through the supply chain. ❖ The pharmaceutical and healthcare sectors employ coding and marking technology to package a variety of products, including pills, powders, liquids, and ointments, in bottles, tubes, cartons, and other packaging formats. The use of coding and marking equipment is growing in the pharmaceutical and healthcare industries as a result of strict laws and brand protection, offering opportunity for market expansion. ❖ According to Ministry of Chemicals & Fertilizers, The Government has put in place a Uniform Code for Pharmaceutical Marketing Practices (UCPMP) for Pharmaceutical companies, to prevent unethical practices. The stringent regulatory requirements for product traceability and the need to prevent counterfeiting in the pharmaceutical industry have driven the adoption of advanced coding technologies. ❖ The Healthcare & Pharmaceuticals segment of the Coding & Marking Market generated a revenue of $915.1 Million in 2022 and is projected to reach a revenue of $1,657.5 Million by 2030 growing at a CAGR of 7.52% during 2023- 2030. Healthcare & Pharmaceuticals: Coding & Marking Market Revenue, 2022-2030 ( $ Million) 1,800.0 1,600.0 1,400.0 1,200.0 Revenue ($ Million) 1,000.0 800.0 600.0 400.0 200.0 - Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
7.2. PERSONAL CARE & TOILETRIES (2/8) Personal Care & Toiletries: Coding & Marking Market Revenue, 2022-2030 ( $ Million) ❖ The personal care/cosmetics industry is vast and diverse, with products ranging from lipstick and eyeshadow to toiletries such as shampoo, conditioner, and toothpaste, which provides product information, 2,500.0 branding, and ensures compliance with labeling regulations. ❖ When coding and marking cosmetics and personal care products you 2,000.0 need to retain the aesthetics of the packaging. Consumer demand for information transparency on cosmetics and personal care products has Revenue ($ Million) contributed to the increased use of coding technologies in this sector. ❖ The high-resolution thermal inkjet (TIJ) printers are ideal for printing 1,500.0 discreet LOT and batch codes onto cosmetic packaging and have a 1,000.0 proven track record printing onto plastic, applying high-quality information directly to the packaging. ❖ Printed codes need to be compatible with the final product appearance. 500.0 Colored inks and precise code positioning are critical. CIJ, Laser, and - Large Character printing solutions will meet the demanding needs of the 2022 2023 2024 2025 2026 2027 2028 2029 2030 Cosmetics and Toiletries industry. ❖ The Personal Care & Toiletries segment of the Coding & Marking Market generated a revenue of $1,195.6 Million in 2022 and is projected to Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC reach a revenue of $1,920.8 Million by 2030 growing at a CAGR of 5.93% during 2023-2030. Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
CHAPTER - 08 CODING & MARKING MARKET - BY GEOGRAPHY Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
8.3. APAC (1/4) 8.3.1 China ❖ China is a global manufacturing powerhouse, with demand for coding and marking solutions across diverse industries like food & and beverage, pharmaceuticals, automotive, electronics, and more. ❖ For instance, according to the State Council Information, In 2022, China led global manufacturing with a 4.73 trillion yuan output. The industrial sector fueled 36% of economic growth, and large-scale industries saw a 3.6% value increase. The robust growth of China's manufacturing sector, and efficient coding and marking solutions, reflect a thriving market demand in China. ❖ Additionally, Anti-counterfeit packaging regulations are widely imposed throughout the country which intensifies the deployment of anti-counterfeit packaging techniques thus amplifying the coding and marking market growth. ❖ The China segment was valued at US$767.5 million in 2022 and is expected to grow at a CAGR of 8.1% to reach US$1453.8 million by 2030. 8.3.2 Japan ❖ Japan's prowess in electronics, semiconductors, medical devices, and robotics fuels the demand for precise coding and marking technologies for sensitive components. ❖ According to the Japan Electronics and Information Technology Industries Association (JEITA), In 2022, the Japanese electronics industry is projected to achieve a 2% YoY increase in domestic production to $ 75.38 billion, propelled by strong export performance, and anticipating a 3% YoY rise in 2023, driven by increased investments in digitalization, factory automation, and environmental initiatives. ❖ In recent years, counterfeits and pirated products have been increasing in Japan, especially in the fields of pharmaceutical, clothing, and consumer durable products. ❖ The Japan segment was valued at US$450.6 million in 2022 and is expected to grow at a CAGR of 6.1% to reach US$733.6 million by 2030. China: Coding & Marking Market Revenue, 2022-2030 ($Mn) Japan: Coding & Marking Market Revenue, 2022-2030 ($Mn) 800.0 2000.0 Revenue($M) Revenue($M) 600.0 1500.0 400.0 1000.0 Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC 500.0 200.0 0.0 0.0 2022 2023 2024 2025 2026 2027 2028 2029 2030 2022 2023 2024 2025 2026 2027 2028 2029 2030 Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
CHAPTER - 09 CODING & MARKING MARKET COMPANY PROFILES Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
9.1 VERALTO (1/6) Veralto : Product Portfolio Product Name Description These Continuous InkJet Printers are Ideal for marking on flat or curved surfaces. These products provide deep application expertise to help the user identify the right printing solutions for their printing needs. Continuous Inkjet Printers range from Videojet includes: 1580 + CIJ printer, Videojet 1580 C, Videojet 1240/1280, Videojet 1880, Videojet 1620 UHS, Videojet 1620 HR, Videojet 1610 Dual Head, Videojet 1710, Willet 660, Willet 640. Continuous Inkjet Printers range from Linx Printing Technologies includes: Linx 8900 Series, Linx 8940 Spectrum, Linx 10, and Linx 7900 Series. Business Overview Continuous InkJet Printers Veralto Description Established Year 1984 Headquarters United States Employees (2022) 81,000 Videojet offers a range of high and low-resolution ink-based systems along with automatic label application systems for printing on Box, Carton, and Case Coding. The product lines include the following series: Videojet 9550, Videojet 2351, and 2361 Inkjet Case Coding Printers, Videojet 2120, Videojet Unicorn II inkjet Printer, and Videojet Unicorn Inkjet Printer. *Revenue (2022) $4,800 Million Case Coding and Labelling Website https://www.veralto.com/ Note: • In September 2023, Veeralto separated from its former parent, Danaher Corporation. Now, it is a separate company, publicly traded company composed of market-leading Danaher's Environmental and Applied Solutions (EAS) segment. • In 2022 the EAS segment generated revenue of $4.8M (Veralto’s Revenue). The inherent simplicity, uptime and print resolution of thermal inkjet combined with the simple usability of the Videojet and Wolke controllers make these printers ideal for a range of CPG, pharmaceutical, tobacco, and industrial applications. The product lines include the following series: Wolke m610 touch TIJ Printer, Wolke m610 oem, Videojet 8610. Thermal Inkjet for Barcode Printing brands in Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: Company Website Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
9.1 VERALTO (2/6) Veralto : Product Portfolio Product Name Description This range of thermal transfer overprinters (TTO) provides an ideal printing solution for flexible packaging across a wide variety of industrial applications. This includes printing onto plastics, film packaging, labels, gloss cards, and other flexible materials requiring consistent, error-free best-before dates, batch codes, barcodes, ingredients, logos, and other product information. The product lines include the following series: Videojet DataFlex® 6530, Videojet DataFlex® 6330, Videojet 6230, Linx TT 500, Linx TT 750, and Linx TT 1000. Thermal Transfer Overprinters (TTO) These Laser marking machines and coding systems are ideal for high print volumes – such as food, drink, and pharmaceutical products – while providing permanent traceability. Lasers are capable of marking superior codes with alphanumeric numeric data, 1D and 2D barcodes, logos, diagrams, and more. The product lines include the following series: Videojet CO2 Laser Marking machine, Videojet Fiber Laser Marking machine, Videojet UV Laser Marking machine, Videojet 7810 Ultra Violet Laser Marking Machine, Linx SL3, Linx CSL10, Linx CSL30, Linx CSL60, Linx Fibre Lasers, and Linx SLHP. Laser Marking Machines & Coders These case coding machines offer a cost-effective alternative to labels and pre-printed boxes. They can print text, logos, and graphics up to 53mm (IJ355) or 70mm (IJ375) high onto porous substrates such as paper, card, and wood. The products include: Linx IJ355 and IJ375. Large Character Printers Videojet 9550 is an automatic Label applicator machine which is Automatic, precise mechanical control that virtually eliminates downtime. It direct apply GS1 bar code labels up to 150 packs/min. Label Applicator Others include Linx PrinterNet, Inks & Fluids. Linx PrinterNet is a remote access and control that allows the Linx printers to control them, anytime, anywhere, which are always connected to the coding. Others Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: Company News and Press Releases Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
9.1 VERALTO (3/6) Danaher Corp, Revenue 2020-2022 ($ Million) Financials 35,000 31,471 29,453 30,000 Revenue ($ Million) 22,284 25,000 20,000 15,000 10,000 5,000 0 2020 2021 2022 Danaher Corp, Revenue Share, By Business Segment, 2022 (%) Danaher Corp, Revenue Share By Geography, 2022 (%) 15% United States 28% Biotechnology 39% China Life Sciences 44% 35% Diagnostics Germany 22% Environmental & Applied Solutions 5% All other (each country individually less than 5% of total sales) 12% Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Note: In September 2023, Veeralto separated from its former parent, Danaher Corporation. Hence the financials of the Danaher are shown. Source: Company Annual Reports Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
9.1 VERALTO (4/6) Developments Date Approach Description Linx Printing Technologies has launched the Linx 8000 Series Spectrum CIJ printer, revolutionising pigmented ink printing with innovative new features which deliver superb print quality and reliability. Videojet launched the new Videojet 1580 + CIJ printer. With integrated connectivity, the 1580 + is designed to assist users in achieving their present and future Industry 4.0 objectives. Future possibilities will also include automated troubleshooting for speedier fault recovery and webserver capabilities, which enables users to access printers via compatible web browsers on host PCs. Videojet has introduced a new continuous inkjet (CIJ) printer, the Videojet 1580 C. The 1580 C, the industry's first specialized soft-pigmented printer, prints high-quality codes with 100% uptime using only soft-pigmented contrast inks. November 2023 Product Launch March 2023 Product Launch March 2023 Product Launch Danaher Corporation gained a distribution business of Marking and Coding assets from JaGa spol. s r.o for CZK 240 million. Miroslav Dubovský of DLA Piper Prague LLP served as legal advisor to Danaher Corporation. November 2021 Acquisition Linx launched a new robust and simple-to-install laser coder, the Linx SL3 laser coder. It is ideal for coding dates, times, batch numbers, text, logos, and 1D/2D barcodes and logos on a wide range of materials in a variety of manufacturing environments. September 2021 Product Launch Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: Company Website and Press Release Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com
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