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India Coding and Marking Systems Market Research Report: By Technology, End User - Industry Analysis and Growth Forecast to 2030

India Coding and Marking Systems Market Research Report: By Technology, End User - Industry Analysis and Growth Forecast to 2030

  • December 2020
  • 75 pages
  • ID: 6033410
  • Format: PDF
  • Prescient & Strategic Intelligence Private Limited


Table of Contents

India Coding and Marking Systems Market Research Report: By Technology (Continuous Inkjet, Thermal Transfer Overprinting, Thermal Inkjet, Drop on Demand, Print and Apply Labeling, Laser Coding and Marking), End User (Food and beverage, Electrical and electronics, Automotive and Aerospace, Chemical, Healthcare) - Industry Analysis and Growth Forecast to 2030

The Indian coding and marking systems market generated $49.8 million in 2019, and it is expected to reach $136.5 million by 2030, registering a CAGR of 9.8% during 2020–2030 (forecast period). The market thrives on factors such as the growth of the food and beverage industry and rise in investments in the pharmaceutical sector for reducing the risk of lost-in-transit of medicated drugs and ensuring the safety of pharmaceutical items.

Currently, the Indian coding and marking systems market is observing the substitution of analog coding and making technologies with digital variants. With the ongoing Industry 4.0 revolution, the automation of industrial practices is being done rapidly. Manufacturers need to mark, label, and code an array of products and shipments without compromising the production speed. Manufacturers go through these procedures to identify pallets, devices, parts, cartons, and shipments in an effective manner. Due to this reason, the availability of digital technologies is making the analog technology obsolete.

The implementation of stringent government regulations and an escalation in the demand for tracing devices will boost the Indian coding and marking systems market advance. The pharmaceutical sector is creating a high demand for such systems due to the burgeoning usage of packaging to ensure safety, increasing proliferation of blister packaging, and rising awareness about the mentioning of drug information on the package. The Food Safety and Standards (Organic Foods) Regulations, 2017 of the Food Safety Standards Authority of India (FSSAI) mandates manufacturers to have the "Jaivik Bharat" logo on their items.

Another key factor driving the Indian coding and marking systems market growth is the expansion of the manufacturing and packaging sectors in the country. The Indian packaging industry is advancing due to the rising usage of innovative packaging, primarily flexible packaging. This is ascribed to the booming middle-class population and evolving rural markets. Moreover, the expansion of the e-commerce and food and beverage industries will propel the packaging industry. This will eventually drive the demand for coding and marking systems in the nation in the years to come.

The technology segment is classified into drop on demand (DoD), laser coding and marking, continuous inkjet, print and apply labeling, thermal inkjet, and thermal transfer overprinting (TTO). In 2019, the continuous inkjet category held the largest share in the market owing to such systems’ high-speed printing, efficiency on any surface, continue operations with minimal servicing requirement, and low-cost printing. The TTO category will display the fastest growth due to the increasing usage of TTO printers on the primary and secondary packages of cosmetics, bakery, pharmaceutical, and nutraceutical products.

The Indian coding and marking systems market is highly consolidated with the existence of key players such as Danaher Corporation, Control Print Limited, Domino Printing Sciences plc, and Dover Corporation. These market players are pursuing product launches to gain a competitive edge. For instance, Domino Printing Sciences plc introduced the N730i digital label press in September 2020. This system incorporates the SunLight graphical user interface, Brother BITSTARTM 1200dpi piezo print head, and many automated Domino i-Tech intelligent Technology features, including i-Tech CleanCap2 and i-Tech SetAlign.

Thus, innovations in the packaging industry, along with the stringent government regulations regarding the provision of all important information of the product packaging, will propel the market growth in the coming years.

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