Coding and Marking Systems Market ? Analysis and Forecast - 2024 | VynZ ResearchPosted by pooja karn on January 31st, 2019
Global coding and marking systems market is projected to contribute USD 3.4 billion in 2017 and is expected to witness a CAGR of 7.0% during 2018–2024. Coding and marking is considered to be the most vital part of 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 enhanced focus of the manufacturers towards safety concerns, quality assurance of the product and brand establishment.
The thermal transfer overprinting technology is convenient for application when a huge bulk of data is expected to be printed on the controlled space. This technology is convenient and easy for its use and also requires low maintenance cost. This technology is extensively being used for marking and coding on primary and secondary packaging of food and beverage offerings, which includes dairy products, snacks and confectionaries. Furthermore, enhanced applicability and low cost benefits provided by this technology is strengthening the growth of this technology in the global coding and marking systems.
Geographic Overview
Competitive Insight
Contact Like it? Share it!More by this author |