It is estimated that the Global Market for Coding Systems reached more than 3 million dollars in 2017 and may grow 6.9% during the 2018-2023 period.
In a report created by Prescient & Strategic Intelligence Private Limited (also known as P&S Intelligence) dedicated to market intelligence, it reveals that the coding and marking sector is on the rise in the primary and tertiary sectors of the industry such as food and beverages , automotive, electronics, health and construction, as these markets drive the use of these technologies In a report created by Prescient & Strategic Intelligence Private Limited (also known as P&S Intelligence) dedicated to market intelligence, it reveals that the coding and marking sector is on the rise in the primary and tertiary sectors of the industry such as food and beverages , automotive, electronics, health and construction, as these markets drive the use of these technologies worldwide.
The technologies most used in the aforementioned segments are continuous inkjet, thermal inkjet, on-demand printing, laser coding and marking, transfer overprinting, among others. For this industrial segment, the most widely used solutions are continuous inkjet, transfer overprinting, laser coding and marking. The forecasts assure that these three technologies are the ones that will present a sustained growth during the next years.
One of the main trends in this market is the appearance of renewable technologies that do not affect the environment, where industries have been interested in this proposal that marks a new development for different industrial sectors. The materials used in these coding devices have certain regulations and standards that are subject to regulations of regulatory agencies, allowing manufacturers to be obliged to reduce the use of dangerous solvents and content of volatile organic compounds, as well as the reduction of stains caused on products.
The recognition that this sector is taking with respect to functionality within the industry in Asia is important, the boom in these countries currently has the highest projections for the use of these systems, they have seen their great potential in combating the counterfeiting and piracy, introducing new standards and legislation that optimize the quality of processes and anti-counterfeiting of packages.
To access the full report, you can visit the website of the consulting company: https://www.psmarketresearch.com/
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