Coding or marking is very essential on the product in various end user industries. With the increasing production scale of the industries, developing supply chains and globalization, there is high demand for solutions for coding and marking applications. There is high scope for the Coding and Marking Market in end user industries across the globe through 2021.
Complete research on Coding and Marking Market available at http://www.marketintelreports.com/report/1601-01/strategic-assessment-of-worldwide-coding-and-marking-market–forecast-till-2021
Scope and Regional Forecast of the Coding and Marking Market:
The Continuous Ink Jet Printer is poised to account for the largest market share of around 31 percent by 2021. This Market is poised to generate high revenue around US$7 billion by 2021.
The Coding and Marking Market is a rapidly growing market with increasing demand for marking and coding equipment and SMD transistor code for various applications in various regions across the globe. This market is expected to witness high growth owing to the increasing capital expenditure for the R&D of inkjet printing, SMD diode and SMD code, growth in use of ink marking and SMD marking code for printing and growing demand for diode marking code for inkjet printing in industries such as pharmaceuticals, food and beverages and others across the globe during 2016-2021.
North America accounted for the largest market share of approximately 30% of the Coding and Marking Market in 2015. It is expected to continue its growth at a high CAGR of 6.27% between 2016 and 2021. Asia Pacific is expected to occupy a share of about 31% of this market through 2021.
Pharmaceuticals, food and beverages and other industries with huge marketing, supply and transportation chain across the globe are the major end users of the Coding and Marking Market through 2021.
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Segmentation and Key Players of the Coding and Marking Market:
The Coding and Marking Market is segmented into various categories by technology and by geography as follows:
By technology: CIJ printer, Laser printer, TTO printer, TIJ printer, Piezo Ink Jet printer, VIJ printer and PALM printer
By geography: Asia Pacific, North America, South America and EMEA (Europe, Middle East and Africa)
The key players in the Coding and Marking Market are as follows:
- Hitachi Industrial Equipment Systems
- Domino Printing Sciences
- Matthews International
There is high utilization and applications of inkjet and SMD diode code for printing and marking purposes in various end user industries by 2021.
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On a related note, another research on Global Inkjet Marking Coding Machinesr Industry 2016 Market Research Report @ http://www.marketintelreports.com/report/9dime5577/global-inkjet-marking-coding-machinesr-industry-2016-market-research-report
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