Asia-Pacific Coding and Marking Systems Market – Analysis and Forecast to 2024

The Asia-Pacific coding and marking systems market is predicted to grow at 8.4% CAGR during the forecast period (2019–2024) to reach USD 2,140.3 million by 2024. The Asia-Pacific market is primarily driven by the extensive growth in the retail and industrial domain.

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Coding and marking are considered to be the most vital part of the 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 the enhanced focus of the manufacturers towards safety concerns, quality assurance of the product and brand establishment.

Geographic Overview
Geographically, China is the largest coding and marking systems market as the country is home to a large retail base, manufacturing hub, and growing food and beverage industries, and also the huge investment is witnessing in these industries. According to a recent report, it has been observed that China Food and Drug Administration has introduced reform for labeling of prepackaged products according to that norm the manufacturers operating in food and beverage industry are required to adhere to certain norms such as inclusion of detailed information pertaining to name of the product, details of producer, storage condition, ingredients and identification of batch. Implementation of these regulatory reforms is thus driving the growth of this Asia-Pacific coding and marking systems market.

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Competitive Insight
Danaher Corporation, Dover Corporation, Domino Printing Sciences plc, KGK Marking Technologies Group, Linx Printing Technologies, Control Print Limited, Hitachi Ltd., Matthews International Corporation, and ATD Marking Systems are some of the key players operating in the Asia-Pacific coding and marking systems market.

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