Global Coding and Marking Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-26 09:55:01
The Global Coding and Marking market is to grow at a CAGR of 4.68 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing need for product identification and brand protection. The Global Coding and Marking market has also been witnessing the increasing competition between laser and TIJ techniques. However, the issues related to traceability of products could pose a challenge to the growth of this market.
The Global Coding and Marking market is witnessing better integration capabilities between the marking and coding products and the machinery used in production and packaging lines. This is helping vendors enjoy seamless integration across both the production and packaging lines. This helps the vendors to ensure that coding on the cases ties into the actual package. Thus, better integration capabilities is one of the emerging trends in the Global Coding and Marking market, and is expected to boost its growth during the forecast period.
The Global Coding and Marking market is driven by many growth factors, one of which is the increasing need for product authentication and brand protection. The coding and marking on products helps users to have information about the authenticity of the products they are using. Furthermore, it helps manufacturers protect their brand against counterfeits in the market.
Despite the presence of the above drivers, the Global Coding and Marking market is confronted by some major growth inhibitors. Issues related to traceability of products is one of the major challenges faced by the market. Traceability issues are a major concern in the Food and Beverage and Pharmaceutical industries as well as in the distribution chains of the vendors of coding and marking products and services.
The key vendors dominating this market space are Domino Printing Sciences plc, Hitachi Industrial Equipment Systems Co. Ltd., Markem-Imaje S.A.S., and Videojet Technologies Inc.
Other vendors are Diagraph Corp., Iconotech, ID Technology LLC, InkJet Inc., Matthews Marking Systems, Paul Leibinger Inc., SATO America Inc., Squid Ink Manufacturing Inc., and Universal Labeling Systems Inc.
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