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Global Coding and Marking Systems Market
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Global Coding and Marking Systems Market
Industry Overview Global coding and marking systems market is projected to contribute USD 3.4 billion in 2017 and is expected to witness a CAGR of 7.0% during 2018–2024. Coding and marking is considered to be the most
vital part of manufacturing and logistics process in consumer and industrial products. It is the system that is extensively being used to print the details on the product and packaging relating to manufacturing date, lot size, expiry date and other details in order to disperse authentic information to the customers. Moreover,
these systems enable the manufacturers to track the products along with enhanced focus of the manufacturers towards safety concerns, quality assurance of the product and brand establishment.
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Global Coding and Marking Systems Market
Growth Drivers The increasing retail sector and enhancing demand for FMCG offerings is the major factor contributing
towards the growth of coding and marking systems globally. Furthermore, enhancing regulatory pressures from government agencies in order to fulfill the industry standards for this market is further bolstering the
growth of global coding and marking systems across the globe. It has been observed that in the present scenario enlargement of environment friendly marking system is the existing market due to introduction of several marking devices established upon biodegradable resin.
Š 2018 VynZ Research All rights reserved
Global Coding and Marking Systems Market
Geographic Overview Geographically, Asia Pacific is expected to witness fastest growth of 8.4% during the forecast period due to extensive growth in the retail and industrial domain. Additionally, the emerging country in this region such as India is expected to further elaborate the global of this market in the near future. The implementation of
legislative norms by the government of various countries in the region is expected to combat the situation of rapid penetration of piracy and counterfeiting.
Š 2018 VynZ Research All rights reserved
Global Coding and Marking Systems Market
Competitive Insight Some of the major players operating in the coding and marking systems industry are ATD Marking Systems, Danaher Corporation, Inkjet Inc, ID Technology, Hitachi Ltd, Diagraph Group, Matthews International
Corporation, Dover Corporation, Overprint Packaging Ltd., and Domino Printing Sciences plc. Explore Full Report Sample at: https://www.vynzresearch.com/chemicals-materials/coding-and-markingsystems-market
Š 2018 VynZ Research All rights reserved
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