1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Printing Inks Market Trends
Coding and Marking Ink Market in APAC - Industry Outlook and Forecast 2020-2025

Coding and Marking Ink Market in APAC - Industry Outlook and Forecast 2020-2025

  • April 2020
  • 246 pages
  • ID: 5882096
  • Format: PDF
  • Arizton

Summary

Table of Contents

Search Inside

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this APAC Coding and Marking Ink Market Report

The APAC coding and marking ink market in APAC is expected to grow at a CAGR of over 6% during the period 2019–2025.

The following factors that are expected to contribute to the growth of the APAC coding and inking market during the forecast period:
•Implementation of Eco-Friendly Coding and Marking Process
•Rise in Product Counterfeiting
•Regulatory Landscapes Driving Ink Modifications
•High Applicability across End-user Industries

Any change in the product packaging market is bound to affect coding and marking solutions. As the APAC region is witnessing rapid urbanization and industrialization, a few factors expecting to drive the APAC coding and marking ink market include the growing retail industry, rapid expansion in the food and beverage industry, and strict government regulations on the use of eco-friendly coding and marking ink solutions. With advances in packaging technology, manufacturers are emphasizing on the implementation of sustainable solutions, which include the usage of environment-friendly inks. The APAC region hosts some of the most robust manufacturing industries, including automotive, construction, chemicals, defense, and aerospace. While Japan and China are the major markets for coding and marking ink, countries such as India are expected to witness high demand due to improving quality of life. However, the consumer market has taken a major hit with the outbreak of COVID19. Several packaged and canned food & beverage manufacturers are significantly affected by the pandemic. The impact of coronavirus is anticipated to cause disruptions in the supply chain of manufacturing and industrial sectors, thereby causing the weakening of import and export of goods and services in different regions of the world.

The study considers the present scenario of the APAC coding and marking ink market and its dynamics for the period 2019?2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply sides of the market. It profiles and examines leading companies and other prominent companies operating in the market.

APAC Coding And Marking Ink Market: Segmentation

This research report includes detailed market segmentation by product, cartridge, end-users, and geography. The water-based ink segment is likely to witness growth on account of their durability and profound usage in concert tickets, product packaging, flexible packaging, and lottery tickets segments. Water-based inks have large applicability for printing texts, barcodes, dates, and logos. These are majorly used in several printing processes and several application segments due to the introduction of new additives and advanced printing techniques. Water-based inks have further witnessed a considerable rise in demand on account of their growth in popularity of Drop on Demand (DoD) printing.
Oil-based inks are commonly used for package printing, signage, and marking and coding of products. The oil-based coding and marking ink segment is expected to witness a slight decline by 2025. Oil-based solutions are considerably low-maintenance, dependable inks, which offer both consistency and flexibility on porous substrates. They are the most popular product types in the coding and marking ink market across the globe. Food & beverages, consumer electronics, cosmetics, and pharmaceuticals are witnessing an increase in demand for oil-based inks. Vendors are consistently emphasizing innovative printing options to deliver high-quality coding and marking solutions.

In terms of revenue, the other cartridges segment is expected to emerge as the largest revenue contributor by 2025. Other cartridge manufacturers are engaged in offering flexible solutions to cater to the changing requirements of customers. They also provide cartridges, which deliver superior and excellent image quality and adhere to rigorous regulatory standards. HP cartridges are observing high adoption as their material is recyclable, hence increasing environmental feasibility. The market share of HP cartridges in China is expected to reach over $17 million by 2025. With enterprises in the region focusing on tracking the complete product life cycle, and supply chain, keeping abreast with the trends of QR codes, along with offering the digital experiences to its clients, China is expected to bolster the demand for coding and marking solutions.
FUNAI’s inkjet cartridges are robust and offer leading-edge printing solutions. These cartridges offer ease of maintenance (disposable) and provide high-speed printing with long throw distance. The demand for these solutions in Japan is expected to increase with the expansion of food & beverage, pharmaceutical, and consumer electronics industries. The increasing traceability of products in these verticals is further expected to boost the sale of these solutions. However, supply chain processes of nearly half of companies in Japan have been negatively impacted due to the outbreak of coronavirus, thereby affecting the overall product coding and marking solutions demand.

Consumers of food products, wines, spirits, and beers increasingly need to be protected from forged products. Regulatory bodies in the region are emphasizing tackling counterfeiting by introducing stringent legislative measures and incorporating sophisticated systems for tracing and tracking products at the micro-level. The implementation of these stringent regulations is expected to create a favorable impact on modern coding and marking equipment or solutions in the food & beverage industry. The growth in the Indian food and beverage industry is expected to influence market growth. Continuous Inkjet Printers are gaining significant traction in the market. Besides, laser printers are also anticipated to witness considerable growth in demand. With the rise in the counterfeiting challenge, the demand for coding and marking inks is expected to witness a substantial rise during the forecast period. However, with the outbreak of coronavirus, the Indian economy is expected to be severely impacted.
Changes in the pharmaceutical industry research and manufacturing technologies are anticipated to impact packaging systems. The increasing number of biopharmaceutical and large-molecule drug manufacturers is also expected to increase the need for injectable administration and packaging systems. Counterfeiting and traceability measures are expected to witness the improvement by the usage of labels, such as unique coding and marking on the packages. Further, vendors in the APAC coding and marking ink market are well positioned to derive the growth benefits in the healthcare industry. Factors such as an increase in the aging population, the rise of communicable and non-communicable diseases, and the availability of diverse medicine tracking software/systems are set to drive the market for coding and marking ink solution providers.
Market Segmentation by Product Type
•Water-based
•Oil-based
•Solvent-based
•UV Inks
•Hot Melt
Market Segmentation by Cartridge
•HP
•FUNAI
•IUT
•Others
Market Segmentation by End-user Type
•Food & Beverage
•Healthcare
•Electrical Equipment & Electronics
•Chemical & Construction
•Automotive & Aerospace
•Others

Insights By Geography
With rapid changes in the smart industry due to the influence of the Internet of Things (IoT), consumers are focusing on transparency in the information related to products. Easy-to-read and better clarity in product markings enables efficient interaction between manufacturers and consumers. Moreover, to expand the efficient coding and marking systems, vendors in China are focusing on leveraging diversified options of exhibitions, expos, and trade fairs. However, the coronavirus outbreak has affected the overall investment and sales, along with industrial production across the country.
The demand for coding and marking ink solutions is expected to increase with the expansion of food & beverage, pharmaceutical, and consumer electronics in Japan. The increasing traceability among vendors and consumers is further expected to boost the sale of these products or solutions as they enable vendors to easily trace and track products from shelves, thereby avoiding fallout or damage. However, the country is witnessing disruptions in supply chain processes due to the COVID-19 pandemic in the country, thereby affecting the demand for overall product coding and marking solutions.
The coding and marking ink market in India is expected to witness significant growth during the forecast period. With the expansion of the food and beverage industry, stringency in legislative and regulatory measures, coupled with the growing trends toward product traceability, the Indian market is poised for growth. With the availability of digital techniques, increasing complexity in the product packaging, coupled with the rising counterfeiting issues, the market is expected to witness significant developments. Continuous inkjet printers are being preferred over the traditional systems for printing on packaged bottles or other products. However, the market is likely to get affected due to the outburst of COVID-19. The country’s export dependence on China will hamper the market growth.

Key Countries
•China
•Japan
•South Korea
•India
•Australia
•Malaysia
•Vietnam
•Indonesia
•Thailand
•Taiwan
•Rest of APAC

Key Vendor Analysis
The APAC coding and marking ink market is moderately concentrated. The competition among the players is intense. The rapidly changing technological environment could adversely affect vendors as customers expect continual innovations and upgrades. The present scenario is forcing vendors to alter and refine their unique value proposition to achieve a strong market presence.

Key Vendors
•Brother Industries
•Hitachi Industrial Equipment Systems
•Kao Collins Corporation
Other Prominent Market
•Alpha Coding
•ATD
•Beijing Hi-Pack Coding
•Control Print
•Dotjet
•Dover Corporation
•Guangzhou EC-PACK Packaging Equipment
•Hewlett Packard
•InkJet
•Insignia
•IUT Technology (Asustek Computer)
•KGK Jet India
•Kishu Giken Kogyo
•Koenig & Bauer Coding
•Linx Printing Technologies
•Matthews International
•National Coding Technologies
•Rynan Technologies
•SATO Holdings
•Trend Marking Systems
•Videojet Technologies

Key Market Insights
The report provides the following insights into the APAC coding and marking ink market for the forecast period 2020–2025.
•Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the market
•Includes a detailed analysis of market growth drivers, challenges, and investment opportunities
•Delivers a complete overview of market segments and the regional outlook of the market
•Offers an exhaustive summary of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on