As per Zion Market Research, the global market for marking and coding equipment is predicted to show significant development by 2026. The market has witnessed an increasing trend since last years and is expected to radiate an elevation in its valuation and development rate in the years to come. On the basis of the analysis by Zion Market Research, the global market for marking and coding equipment is expected to develop at a slid 6% CAGR by 2026. In 2019, the market was valued at US$ 1.2 billion and is expected to cross US$ 1.90 billion by 2026. —
Major players active in the global marking and coding equipment market are Hitachi America, Ltd., Markem-Imaje Corporation, Videojet Technologies, Inc., Interactive Coding Equipment (ICE), Domino Printing Sciences plc., Squid Ink Manufacturing Inc., TYKMA Electrox, Inc., Open Date Systems, Inc., ATD Ltd., RN Mark Inc., MACSA ID S.A, Linx Printing Technologies, Diagraph Corporation, Control Print Ltd., Numeric Marking Systems, REA Elektronik GmbH, Durable Technologies, INKJET, Inc., Matthews International Corporation, and KGK Marking Technologies Group.
Several Advantages Of Flexible Packaging Powering Its Adoption All Over The World, Thereby Driving The Marking And Coding Equipment Market
Flexible packaging is customizable & reusable and has increased durability and higher compactness. These are the few advantages that have increased the employment of flexible packaging in late times. This in turn has elevated employment in flexible packaging for marking and coding equipment thereby making the flexible packaging category in the application segment to be the quickest developing. This category is expected to cross a value 6.1% CAGR by the end of 2026. On the other hand, this category has a less market value and is expected to cross almost US$ 550 million by 2026.
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Flexible Packaging Application Category To Power The Regional Growth Of Marking And Coding Equipment Market
Flexible packaging application category of marking and coding equipment market in North America is predicted to develop at a 4% CAGR in the coming period. The Asia Pacific segment exclusive of marking and coding equipment market in Japan is claimed to clock a solid 7.8% CAGR in the coming period and is the biggest in comparison to other areas. Flexible packaging application category of marking and coding equipment market in Western Europe is predicted to cross US$ 120 million by the end of the forecast period.
The global marking and coding equipment Market is segmented as follows:
Primary Package Coding
Secondary and Tertiary Packaging Coding
By Product Mix
Spare Parts and Aftermarket
By End-user Industries
Chemicals & Construction
Food & Beverage
Electrical & Electronics
Automotive and aerospace
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
Browse TOC of this Report @ https://www.zionmarketresearch.com/toc/marking-and-coding-equipment-market
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