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REPORT OVERVIEW
The global food and beverage coding and marking equipment market size was USD 1329.4million in 2021 and the market is projected to touch USD 1987.5million by 2028, exhibiting a CAGR of 5.9% during the forecast period.
Food and beverage coding and marking equipment refers to specialized machinery used in the food and beverage industry for imprinting essential information on product packaging. This equipment plays a crucial role in ensuring traceability, compliance with regulations, and effective inventory management. It typically includes technologies like inkjet printers, laser coders, and thermal transfer printers that can mark labels, cartons, and packaging materials with alphanumeric codes, barcodes, expiration dates, and batch numbers. These markings provide vital details for consumers, retailers, and regulatory authorities, facilitating product identification, quality control, and recall procedures if necessary. By employing coding and marking equipment, manufacturers enhance product visibility, reduce the risk of errors, and uphold transparency in the supply chain, contributing to overall food safety and regulatory compliance within the industry.
The food and beverage coding and marking equipment market has experienced substantial growth in recent years, driven by several key factors such as the increasing demand for traceability and authenticity in the food and beverage supply chain, pushing manufacturers to invest in advanced coding and marking solutions. These technologies enable accurate labelling of products, helping to meet regulatory requirements and enhance consumer trust. Furthermore, the rise of consumer awareness regarding food safety and the need for accurate product information has propelled the adoption of coding and marking equipment in the food and beverage sector. These technologies facilitate the tracking of products throughout the production and distribution process, ensuring compliance with quality standards and reducing the risk of contamination. In addition to regulatory compliance and safety concerns, the industry has witnessed a surge in the adoption of automation and Industry 4.0 practices. Food and beverage manufacturers are increasingly integrating coding and marking equipment with smart manufacturing systems to improve efficiency, minimize errors, and streamline production processes.
COVID-19 Impact: Market Growth Hampered By Pandemic Due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The food and beverage coding and marking equipment market experienced a significant negative impact due to the COVID-19 pandemic. The widespread disruptions in the supply chain, restrictions on movement, and lockdown measures imposed globally led to a decline in production and consumption across the food and beverage industry. As a result, many businesses faced challenges in maintaining regular operations, impacting the demand for coding and marking equipment. The uncertainty and economic downturn prompted companies to revaluate their capital expenditures, leading to a delay or cancellation of planned investments in coding and marking technology. Additionally, the reduced purchasing power of consumers further contributed to the market contraction.
LATEST TRENDS
"Adoption of Advanced Coding and Marking Technologies to Drive Market Growth"
The food and beverage coding and marking equipment market has witnessed significant trends in recent years driven by the increasing demand for traceability, regulatory compliance, and the need for efficient packaging solutions. Advanced coding and marking technologies, such as laser coding, thermal inkjet printing, and continuous inkjet printing, have gained traction due to their ability to provide clear and durable markings on various packaging materials. Additionally, there has been a growing emphasis on sustainability in the packaging industry, leading to the development of eco-friendly coding and marking solutions. Manufacturers are increasingly adopting environmentally friendly inks and recyclable packaging materials, aligning with the global push towards sustainability. Integration of smart technologies and Industry 4.0 practices into coding and marking equipment is another notable trend. This involves the use of connected devices, data analytics, and automation to enhance efficiency, reduce errors, and enable real-time monitoring of production processes. Given the dynamic nature of the food and beverage industry, compliance with evolving regulations, such as nutritional labeling requirements and allergen information, has been a key driver for innovation in coding and marking solutions.
FOOD AND BEVERAGE CODING AND MARKING EQUIPMENT MARKET SEGMENTATION
- By Type
Based on type the global market can be categorized into Inkjet Printers, Laser Printers, High-Resolution Printers.
Inkjet Printers: Inkjet printers are widely utilized for coding and marking in the food and beverage sector. These printers use liquid ink to create high-resolution prints on various surfaces, including packaging materials like cardboard, paper, and plastic. Inkjet printers are known for their versatility, allowing for the printing of text, barcodes, logos, and expiration dates. They are suitable for high-speed production lines and offer quick-drying ink options to prevent smudging.
Laser Printers: Laser coding and marking systems employ laser technology to create permanent and high-quality marks on packaging. These printers are particularly effective for marking on materials like glass, metal, and certain plastics. Laser printers are known for their precision and ability to produce intricate designs, making them ideal for detailed product information, branding, and serialization. They are also capable of high-speed printing and require minimal maintenance.
High-Resolution Printers: High-resolution printers are designed to produce sharp and clear codes on packaging, ensuring optimal readability. These printers utilize advanced printing technologies to achieve a higher level of detail, making them suitable for applications where intricate graphics and small font sizes are required. High-resolution printers are often used for premium and specialty products where packaging aesthetics are essential. They can be inkjet-based or utilize other printing technologies to achieve superior print quality.
- By Application
Based on application the global market can be categorized into Food Industry, Beverage Industry.
Food Industry: In the food industry, coding and marking equipment plays a crucial role by imprinting essential information such as expiration dates, batch numbers, and barcodes on packaging. This ensures traceability, regulatory compliance, and quality control. It enhances efficiency, minimizes errors, and upholds food safety standards, benefiting both producers and consumers.
Beverage Industry: In the beverage industry, coding and marking equipment is crucial for ensuring product traceability, compliance, and brand integrity. This technology is used to imprint information like batch numbers, expiration dates, and barcodes on packaging, facilitating accurate inventory management and regulatory adherence, while also enhancing overall supply chain efficiency.
DRIVING FACTORS
"Rising Consumer Awareness and Demand for Transparency to Boost the Market Growth"
One of the primary factors contributing to the food and beverage coding and marking equipment market growth is the increasing consumer awareness regarding food ingredients, sourcing, and nutritional information that has led to a growing demand for transparent labelling. Coding and marking equipment play a crucial role in providing accurate and comprehensive information on packaging, meeting the expectations of discerning consumers. Compliance with food safety and traceability regulations is a key driver for the coding and marking equipment market. Governments and international bodies impose strict standards on the labelling of food and beverage products to ensure consumer safety and facilitate traceability throughout the supply chain. The rise in counterfeit food and beverage products has necessitated the implementation of advanced coding and marking technologies for product authentication. Companies invest in coding solutions to protect their brand reputation and ensure that consumers receive genuine and safe products.
"Advancements in Printing Technologies to Expand the Market"
Ongoing technological advancements in food and beverage coding and marking equipment, such as the adoption of inkjet, laser, and thermal transfer printing technologies, contribute to better print quality, faster production speeds, and increased versatility in marking various packaging materials. Coding and marking equipment contribute to supply chain efficiency by enabling automated processes, reducing errors, and enhancing inventory management. This optimization leads to cost savings, improved production workflows, and overall operational excellence. Growing concerns about environmental sustainability have led companies to adopt eco-friendly packaging materials. Coding and marking equipment that can efficiently mark on sustainable packaging materials, such as biodegradable films and recycled paper, align with the industry's commitment to reducing environmental impact.
RESTRAINING FACTORS
"High Cost of Implementation to Impede Market Growth"
The food and beverage coding and marking equipment require a significant upfront investment, including the purchase of specialized equipment and software. This cost can be a deterrent for smaller businesses with limited budgets. Operating coding and marking equipment often demands specialized knowledge and technical skills. Companies may face challenges in finding skilled personnel or providing training for existing staff, leading to increased operational costs.
FOOD AND BEVERAGE CODING AND MARKING EQUIPMENT MARKET REGIONAL INSIGHTS
"Asia Pacific to Dominate in the Market due to Presence of a Large Consumer Base"
"The market is segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa."
Asia Pacific has emerged as the most dominant region in the global food and beverage coding and marking equipment market share. The region's robust manufacturing activities, coupled with the burgeoning food and beverage industry, are key factors driving the demand for advanced coding and marking solutions. In this region, countries like China and India are witnessing a surge in the consumption of packaged foods and beverages, propelling the need for efficient and reliable coding and marking equipment. Additionally, stringent regulatory requirements and the growing emphasis on product traceability and authenticity are pushing manufacturers in the region to invest in state-of-the-art coding technologies.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The food and beverage coding and marking equipment market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in Food and beverage coding and marking equipment, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.
List of Market Players Profiled
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Brother (Domino) (Japan)
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Danaher (Videojet) (U.S.)
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Dover (Markem-Imaje) (U.S.)
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ITW (Diagraph) (U.S.)
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Hitachi Industrial Equipment (Japan)
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ID Technology LLC (U.S.)
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Han’s Laser (China)
INDUSTRIAL DEVELOPMENT
November 2022: A strategic partnership between Videojet Technologies and Loftware, a leading provider of enterprise labelling and artwork management systems, aims to revolutionise the way companies automate printing in factories, warehouses, and production lines. As part of this partnership, marking and coding will be added to Loftware's Spectrum Enterprise Labelling system. From supply chain thermal printers to production marking and coding devices, customers can control every one of their printing devices with a single all-in-one digital solution.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1329.4 Million in 2021 |
Market Size Value By |
US$ 1987.5 Million by 2028 |
Growth Rate |
CAGR of 5.9% from 2021 to 2028 |
Forecast Period |
2023-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the Food and beverage coding and marking equipment market expected to touch by 2028?
The global Food and beverage coding and marking equipment market is expected to reach USD 1987.5 million by 2028.
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What CAGR is the Food and beverage coding and marking equipment market expected to exhibit by 2028?
The Food and beverage coding and marking equipment market is expected to exhibit a CAGR of 5.9% by 2028.
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Which are the driving factors of the Food and beverage coding and marking equipment market?
Increasing demand for traceability and authenticity in the food and beverage supply chain and rising consumer awareness regarding food safety are some of the driving factors of the market.
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What are the key Food and beverage coding and marking equipment market segments?
The key market segmentation that you should be aware of, which include, based on type the Food and beverage coding and marking equipment market is classified as Inkjet Printers, Laser Printers, High-Resolution Printers. Based on application the Food and beverage coding and marking equipment market is classified as Food Industry, Beverage Industry.