Food and Beverage Coding and Marking Equipment Market to Witness Exponential Growth by 2027

 

Food and Beverage Coding and Marking Equipment Market:

• Food and beverage coding and marking equipment market are used to provide product specific information.
• Common coding and marking formats include QR codes, barcodes, and 2D codes. It also includes information about the manufacturing date, product price, shelf life, expiry date, batch number, ingredients, and industry certifications. 

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Global Food and Beverage Coding and Marking Equipment Market Dynamics

• The growing need for brand protection and product differentiation in order to prevent counterfeiting is considered to be one of the key factors affecting the growth of the food and beverage coding and marking equipment market.
• In today’s world, counterfeiting is one of the major challenges faced by leading food and beverage companies. Counterfeiting directly affects the profit of the company. Food and beverage companies are concerned about their brand image and customer retention. All these factors force manufacturers to implement coding and marking in the packaging process of their products to differentiate them and maintain product authenticity efficiently.
• Adoption of advanced coding systems with integrated tracking enable users to improve supply chain visibility.
• The food and beverage industry has adopted advanced coding technologies such as overt coding, smart coding, and covert coding into the production process to efficiently enhance operations.
• Therefore, adoption of advanced coding solutions and growing need for brand protection are expected to boost the adoption of coding and marking equipment in the food and beverage industry in the upcoming years.
• Strict government regulations are inducing food and beverage manufacturers to print detailed information about the product on the packaging. This is expected to have a positive impact on the growth and adoption of food and beverage coding and marking equipment.
• In addition, growing concerns regarding health safety has encouraged consumers to consume regulatory certified food products.
• However, poor post-sale services discourages users from adopting food and beverage coding and marking equipment, thereby limiting the growth of the food and beverage coding and marking equipment market in the upcoming years.

Global Food and Beverage Coding and Marking Equipment Market: Segmentation Analysis

• On the basis of technology, the global food and beverage coding and marking equipment market can be divided into continuous inkjet, print and apply labeling machine, piezoelectric inkjet,  thermal transfer overprinting, laser technology, valve inkjet, and thermal inkjet.
• The continuous inkjet technology segment accounted for major share in the food and beverage coding and marking equipment market in 2018 due to its several advantages such as use of non-printing technology, versatile nature, and scope for printing on any substrate.
• On the basis of packaging code, the food and beverage coding and marking equipment market is bifurcated into primary packaging code and secondary packaging code.
• Primary packaging code segment held the leading share of the food and beverage coding and marking equipment market in 2018; its share is expected to decrease by the end of the forecast period. Secondary packaging code segment is anticipated to expand at a rapid pace in the food and beverage coding and marking equipment market in the near future.
• Based on application, the market is categorized into food industry and beverage industry.

Europe to Lead the Global Market for Food and Beverage Coding and Marking Equipment

• In terms of region, the global food and beverage coding and marking equipment market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• Europe is likely to dominate the global food and beverage coding and marking equipment market from 2019 to 2027, followed by North America and Asia Pacific. European Union has introduced strict regulations for labeling, coding, and marking of food and beverages.
• The food and beverage coding and marking equipment market in Asia Pacific and Middle East & Africa is expected to see strong growth in the coming years. The increasing demand for food and beverage coding and marking equipment and services in different countries such as Saudi Arabia, UAE, and Qatar has augmented the growth of the market.

Key Manufacturers Operating in the Market

The global food and beverage coding and marking equipment market was moderately concentrated in 2018 with presence of several regional and international food and beverage coding and marking equipment players who have occupied prominent share in the market. These vendors are engaged in offering varied high-quality products to consumers, maintaining safety guidelines to enhance overall safety and adopt different strategies to compete in this cutthroat environment. Key manufacturers operating in the global market are:

• Brother Industries, Ltd.
• Danaher Corporation
• Dover Corporation
• Hitachi, Ltd.
• Illinois Tool Works Inc.

Food and Beverage Coding and Marking Equipment Market: Research Scope
 

Global Food and Beverage Coding and Marking Equipment Market, by Technology

• Continuous Inkjet
• Print and Apply Labeling Machine
• Piezoelectric Inkjet
• Thermal Transfer Overprinting
• Laser Technology
• Valve Inkjet
• Thermal Inkjet

Global Food and Beverage Coding and Marking Equipment Market, by Packaging Code

• Primary Packaging Code
• Secondary Packaging Code

Global Food and Beverage Coding and Marking Equipment Market, by Application

• Food Industry
• Beverage Industry

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